For an initial fee in the range of $50,000… he typically pays writers $300 to $500 for each one… and scan them with an eye to intellectual property, novelty, and technology
Pretty good deal - pay $300 for a story you can harvest for intellectual property that could end up worth a bundle. It feels kind of exploitative, TBH. It’s one thing to invent, for the purposes of a story, a technology so compelling it inspires someone to make it real. It’s another to ask someone to consider a particular business case, invent new technology ideas that would be useful for that business, then pay them a few hundred dollars and effectively sell on those ideas with a tens of thousands of dollars markup.
