+1.970.776.4355

The Light Bulb is the Worst Symbol of Invention

Invention is the heavy lifting of 1000’s of failed experiments, not a grand vision that pops into someone’s head. The light bulb is the universal symbol of “invention.”  It is the worst – and best – example of invention, but not in the way you think it is. Invention has been portrayed in lore as…

Read More

IP due diligence for startups

Due diligence is essential for any business deal, and IP due diligence is shockingly left out of the equation for most angel investors and venture capital investors. IP is left out for good reason: most patents are worthless. This patent due diligence checklist helps anyone evaluate IP and patents – and weed out 95% of…

Read More

Patents in a Business Context

Why patents as a “lottery ticket” is a losing proposition. A business owner makes hard business decisions, especially when it comes to IP.  There is only so much money and so much time, so how do you decide? Patents represent enormous potential value, and they feel like a lottery ticket.  The risk to reward –…

Read More

Terminal Disclaimers – One for the Price of Two

Terminal disclaimers are costly for the client – but an easy money maker for patent attorneys. Terminal disclaimers are where you pay twice to get the same thing. They are a money maker for the USPTO – and your patent attorney.  They should be avoided at all costs.  In most cases, a terminal disclaimer is…

Read More

Is Your Patent Examiner Awful? One of the Patent Myths

The Myth that the Patent Examiner does not understand your invention. One of the myths that is perpetuated by the patent bar is that the examiners somehow do not understand your invention. The truth is that the examination process is far better than most patent attorneys will admit. Note: this is one of the “Patent…

Read More

Valuable patents solve contradictions

Amazon’s One-Click patent is the epitome of “non-obviousness” Inventions are not obvious – they have to solve some kind of contradiction.  This idea holds true for businesses.  Startups that can solve a contradiction in the market have a particular advantage – and so do patents. One of the most talked-about inventions 10 or 15 years…

Read More

Startup Funding: Apply for BlueIron Non-Dilutive Funding

BlueIron provides non-dilutive startup funding. BlueIron provides $60K or more non-dilutive startup funding for companies with great inventions. Our model is to invest in the full cost of getting patents for a company, including international (PCT) filing and expediting the patent through the United States Patent and Trademark Office. We fund companies *before* angel or…

Read More

How to Find a Realistic Patent Value

A realistic patent value can be determined using many of the same techniques used to value businesses. However, it all depends on whether someone is copying your invention. Patent value is tricky Use standard business valuation techniques to value patents Pricing patents using Options Pricing techniques Special cases where patent value is huge What if…

Read More

My first invention

My first job out of college was at McDonnell Aircraft in St. Louis.  At the time, we made military fighter jets: the F-15, F-18, and Harrier AV-8B.  I was assigned to a little research group exploring different ways to use thermoplastic composites.  It was there that I had my first “invention.”  I wrote up a…

Read More

Why Marketing Is More Important than Patents

Entrepreneurs have been fed this lie that the first thing they need to do is get a patent, then work on the business. This is a bad strategy. As an investor who finances IP for startups, I want some data to support the investment in patents. The best strategy is to do the marketing first,…

Read More