I had a product idea that the company was on board for. I told them that I had $750 that I could give them but that I was going to be unable to supply them with more money. They said no problem. That they could work with me no matter what and that with the product described they could definitely make it work. I asked a second time if they were sure. I reminded them that I would not have additional money to invest later. They assured me that they would be able to get my idea in front of companies without any additional investments. I then gave them money and went on with their process.
Weeks later they got back to me and said they had a company in mind to pitch my idea to. After researching the company I said that I wasn't comfortable with the company and that I didn't feel it was in the same industry as what my product was intended for.
Clearly Davison only pitches ideas to this one company and they pitch every idea to them. They said that that was where they were going to start and if they didnt like it they would pitch it to the competitors.
I let them know that there competitor wouldnt be in the same line as well and I was talked over and then told that is where they were going to start.
I gave in and then they said that to pitch the idea they needed a product sample. I stopped the company's pitch man and calmly reminded him that I had previously told him that I would not have additional money to invest. He responded with the fact that his company does not pitch ideas unless there was a product sample.
I reminded him again that I told him earlier that I would not have this money. He responded with, "Well it looks like you are no longer happy with Davison, and that we should go in seperate directions."
Just like that? I had spoken with the same person through out, and now he is telling me completely different stories. I attempted to remind him that we had a previous conversation about my lack of funds and he continued to tell me it was clear that Davison was no longer the company for me.
In short, don't give this company a dime if you don't have stacks of cash behind it that you are willing to give to them until you have been bled dry.
I just wish there were more ways to get the word out before more people make the same mistakes I did.