YETI does not accept or consider ideas it did not ask for, and anything sent anyway becomes YETI’s property without pay. It bought the backpack maker Mystery Ranch.
Read off YETI's own pages on
Where pitches like these are made: CES, Las Vegas · Wiidii, CC BY-SA 4.0
What it says
“However, company policy does not permit acceptance or consideration of any products, ideas, features, proposals, or other materials (“Submissions”) unless we have specifically requested them.”
What you agree to by sending something
“You agree that: (1) your Submissions and their contents along with related intellectual property rights will automatically become the property of YETI, without any compensation to you; (2) YETI may use or redistribute the Submissions and their contents for any purpose and in any way on an unrestricted basis; (3) there is no obligation for YETI to review the Submissions; and (4) there is no obligation to keep any…”
What it has bought from outside
2024
Mystery Ranch from Mystery Ranch owners $36.2 million
“On February 2, 2024, YETI Holdings, Inc. completed the acquisition of Mystery Ranch, a Bozeman, Montana -based manufacturer of high-performance load-bearing backpacks, for approximately $36.2 million.” en.wikipedia.org
Other companies that take an invention or product idea
