My first foray into commercial products...
Once upon a time, before cell phones and before cordless phones, telephones were plugged into the wall. In 1989, I lived in a 5-story condo where each room was on its own floor. Every time I wanted to continue a phone conversation in a different room I'd have to put the phone down, run upstairs, pick up the extension, run downstairs, hang up the original phone, run upstairs, then continue the conversation. That's a lot of running.
I envisioned a solution where you just plug in this device into any phone outlet in the house and walk away. If you ever wanted to put a call on hold, just press the # button and hang up. The device hears the sound and then grabs the line. Then go to the other room and pick up the extension; this device will sense the drop in line voltage and disconnect. Easy, right?
I thought maybe I could turn it into a commercial product. A patent search revealed that someone had
already thought of the idea (not unusual), and in fact their design was better than
mine as it didn't require an external power supply, and used coils to make a
resonate filter - the sound energy of the "#" button was enough to
engage the hold circuit. Talks of licensing the patent stopped after my
investor got cold feet.