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Is the Ethical NDA too harsh?

BlueIron has been using the Ethical NDA from the Ethical Collaboration Association for all new engagements.  The Ethical NDA is available here. TL;DR: The Ethical NDA is perfect for the intense, collaborative environment of trust and innovation that we have with our clients. The Ethical NDA changes the rules of engagement with clients.  Rather than…

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Double the Value of Your Patents – All You Need is the Right NDA

The right IP agreements play a huge role in how valuable your patents will be over time. One of the dirty secrets of coworking spaces, startup accelerators, incubators, and other collaborative environments is that the mere act of collaborating can devalue your intellectual property. The typical scenario is when two coworkers from different companies collaborate…

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Loans for Your Patents

Yes, you can borrow against your patents. BlueIron can provide loans of $2-60M using only your patents as collateral. Your company is based on your creative ideas, which you have protected with your patents. But if those patents have value, can I loan against them? Yes, you can! BlueIron has an insurance product – similar…

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Investment Grade Patents Do Not Have “Broad Claims”

Broad patents can hurt you. Inventors like to think that their patents are “broad” and somehow that is good.  It is not. The risks with broad patents are that they are more easily invalidated, but it is also a sales pitch that patent attorneys use to make more money. Narrow patents are bad, too. Narrow…

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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. BTW, if you need to tell someone your invention when you are doing customer discovery, you are doing it wrong. In my business of financing patents for startup companies, I am usually willing to pass on the First Patent for…

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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?

In this post, we look at a lot of things regarding patent costs: What are the basic patent costs? What are the costs to just file a patent? Is micro entity worth it? Is a provisional patent application cheaper? (NO!) What are the costs for software patents? What can affect patent costs? What does it…

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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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