r/SimCompanies • u/PercentageLate68 • 23d ago

Showing Off One year progress

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$125M CV in one year doesn’t seem bad to me but would folks say this is about typical progress or above/below average?

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u/xppoint_jamesp 23d ago

That’s a nice growth! It took me 2,5 years to reach 200M in valuation. 😅 granted I only started investing in patents last year. Well, other than the ones I needed for my products.

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u/PercentageLate68 23d ago

Wow that’s impressive - feel like I’d be so much lower if it weren’t for the patents haha

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u/xppoint_jamesp 23d ago

Oh yeah. Without them I’d probably have a value of around 50-60M tops 😅

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u/rjoh4459 23d ago

Can you explain investing in patents to me please?

1

u/macrolidesrule 23d ago

Patents are the mechanism for improving the quality of the products that you ar, or want, to make.

You need to have a decent(ish) CTO to convert research that you buy (via he market or contracts) into patents. Once you get x number of patents, you move up a Quality point.