From Patent to Payday: How Smart IP Turned a Purse Into $100 Million

What if the simplest ideas could lead to the biggest exits—if only you protected them the right way? On today’s episode of The Harvest Growth Podcast, we’re joined by Michael Frodsham, one of America’s top patent attorneys and an equity shareholder at Workman Nydegger. He's worked with major brands like Skullcandy and Traeger Grills, and now shares the real secrets behind building and protecting businesses that scale globally.

Mike breaks down how even low-tech or everyday inventions, like a purse with magnetic covers, can become nine-figure success stories if IP is handled strategically. In just five years, that simple product sold for $100 million. Why? Because it was protected early and correctly.

Mike also explores what every entrepreneur needs to know about the patent process, how to balance legal costs with growth, and when to expand internationally with your IP strategy. Whether you're launching your first product or ready to scale, this episode delivers practical insights you can use immediately.

In today's episode of the Harvest Growth Podcast, we'll cover: 

• Why simple products can become goldmines when properly protected
• The real costs and timelines for filing patents
• What "patent pending" actually means and how it defends your product before approval
• The difference between suggestive and descriptive trademarks, and which to choose
• How to decide when and where to file international patents

Ready to protect and scale your product? Visit www.wnlaw.com to learn more about Mike Frodsham's firm and how they help startups and established brands secure their IP early and affordably.

To be a guest on our next podcast, contact us today!

Do you have a brand that you’d like to launch or grow? Do you want help from a partner that has successfully launched hundreds of brands totaling over $2 billion in revenues? Visit HarvestGrowth.com and set up a free consultation with us today!