I am posting this review in hopes it will save other inventors their time and money. I wish that I had read a similar thread a few months and $500 dollars ago.
Let me first begin by saying that Harvey Reese is a very respectable author and inventor. I would highly recommend his books How to License Your Million Dollar Idea and 12 Amazing Secrets of Millionaire Inventors to anyone getting started in inventing.
With that said, I do not believe his service money4ideas.com is a worthwhile venture. You can read the details on his website, but basically you pay him $189 to review your idea and if he likes it he will attempt to find you a licensing deal for a 40% commision. The problem is, from my experience and others I have talked to, that he very, very rarely takes on any ideas.
After receiving feedback that the three ideas I sent him were new, functional, and would no doubt make it to market if I was a designer at a corporation, he finishes by saying he does not think he would be successful in finding a licensing deal for them. Now that is completely understandable and I am not holding anything against him for that, but after recieving his report I e-mailed and asked him how many licensing deals he landed in the last year and what industries they were in.
Suprise, suprise no response. In his books he encourages readers to ask invention submission companies how many deals they have landed, but yet he will not answer the same question about his own service.
Bottom line I think he is older now and for the most part out of the game. I am sure if he sees an idea he can make big bucks on he will take it on, but my advice to everyone would be save your money and put in the effort to license your ideas yourself.