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Financing Patents Is Actually CHEAPER Than Paying a Patent Attorney

Financing patents through BlueIron is actually cheaper than paying as you go with a conventional patent attorney. This is because the cost of capital for startup companies is so high. Pepperdine’s business school publishes the annual Private Capital Markets Report, which shows that the average cost of capital for Angel or VC funded companies in…

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Should I Get A Patent Before Talking To Customers?

No. As an investor in patents, I am willing to wait for the Second Patent. In my business of financing patents for startup companies, I am usually willing to pass on the First Patent for a startup.  I want to finance the Second Patent. Why? Because I want you to talk to customers BEFORE getting…

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Should I File A Provisional Patent Application?

You should NEVER file a provisional patent application. EVER. In EVERY case, a small company or independent inventor is better off by filing a complete, well-written, non-provisional patent application. One of the biggest hoaxes in the patent community is that provisional patent applications are a good thing. They are not. Here’s why: A Provisional Patent…

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How Much Does A Patent Cost?

How much does a patent cost?  The US average is about $12k, but the total cost of a patent is closer to $60k. Have you been quoted much less? There are plenty of patent attorneys who quote much, much less than $12,000 to draft a patent application. But beware. One of the standard practices is…

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How Much Does It Cost To File A Patent?

How much does it cost to file a patent?  The US average is about $12k, but the total cost of a patent is closer to $60k. Have you been quoted much less? There are plenty of patent attorneys who quote much, much less than $12,000 to draft a patent application. But beware. One of the…

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Patent Enforcement Insurance Makes Your Company Valuable

Why should I get a patent? I don’t have enough money to enforce it. Many startup companies don’t bother with patents because they don’t think they can enforce them.  And they are right.  A patent lawsuit can be very expensive, and the game of enforcement is really a big game of chicken: both sides are…

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What Does A Quality Patent Look Like?

What does a quality patent look like? We evaluate patents every day.  We underwrite investments in intellectual property, either for financing patents before they are written or for providing loans against patents that already exist.  After doing this for a long time, there are certain elements that we evaluate every time we pick up a…

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Provisional Patent

In almost all circumstances, an entrepreneur or startup company should NOT get a provisional patent application. The main purpose of the provisional patent application is to *delay* the patent process. A delay is very useful for circumstances, such as pharmaceuticals, where most of the value of the patent is at the end of the patent…

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How Much Do Patent Attorneys Charge

How much do patent attorneys charge? The average patent cost about $60,000, and most of that goes to your patent attorney.  How much do patent attorneys charge?  Be prepared to pay them about $45,000 through the entire process. The patent process involves two major phases. Patent “preparation” is when the patent is originally drafted and…

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Average Patent Cost

How much does the average patent cost? The US average is about $60,000. The average patent cost about $60,000.  The patent process involves two major phases. Patent “preparation” is when the patent is originally drafted and filed with the patent office, and patent “prosecution” is the back and forth that happens with the examiner. Typically,…

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