Essay
Loren has invented a product that detects water leakages caused by broken pipes and sends out an alarm similar to a smoke alarm.However,Loren has very little personal money to invest in this new product.Therefore,he borrows enough money from his friends to enter the market and begins to experience some success.The product is not patentable because it is too similar to other existing technologies.Major corporations have seen his success and have now entered the market with competing products.What will be the probable destiny of Loren's company?
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