Chris Wichser

TechPats

http://www.techpats.com/

What’s your business, what makes it special?

TechPats is a patent consulting firm. We are a team of engineers and attorneys that assist companies with their intellectual property (IP) challenges. We help our clients realize the true value of their ideas. The thing that separates us from the competition is our experience, in-depth knowledge of the technical aspects, and industry trends that pertain to patents.

What is the history or background of this business, why did you start it?

12 years into my second human resources-outsourcing firm, Javers Group, I realized I was tired of the industry I was working in. Regulations in the health care industry became too cumbersome and there were tons of changes occurring in the HR sector. I decided to sell Javers to a publicly traded bank.  

In December of 2013 I purchased TechPats (formerly Technology, Patents and Licensing, Inc.). When I purchased TechPats, people thought I was nuts (many still do!). I was making a leap into an industry that I knew nothing about and putting a lot of my own personal capital at risk.

It is exciting and fun to be building a business again. I found a great group of talented people to work with and we are enjoying the daily challenges of growing the company. By the time this article is published, we will have acquired a Canadian competitor with a large block of business in Japan. We’re going international!

Why did you join EO?

I looked at all of my friends with their “normal” jobs and realized that they just couldn’t relate to the ups and downs of building a business. EO gave me the opportunity to meet people that were just like me (Sorry for the insult fellow EO’ers!).

What has been the greatest impact on your life since joining EO?

I can honestly say that EO has made me MILLIONS of dollars. When I went to my forum group and told them I wanted to sell Javers Group (the human resource outsourcing firm I was running at the time) they told me I was an idiot to sell. I listened and held onto the company. A couple years later, I received an incredible offer, from a publicly traded company. The difference between the first and second offer was literally millions of dollars. 

What would you tell others who are considering joining EO?

I’m not very good at giving advice. However, I see a lot of people join EO that just “take”. They get to meet lots of great, enthusiastic, creative people. They get advice and they hear great stories from fellow EOers. However, too often they don’t get involved in the organization; they don’t share and let themselves trust in the process and their forum mates. At the end of the day, EO doesn’t work out for those people. If you’re considering joining EO, be open to other points of view and experiences, but also be willing and able to share openly about your experiences. Get involved – at the local and national levels. Go to the EO events around the world, not just in Philly. Don’t be afraid to “give” your advice and your story.