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Curating a Portfolio

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…

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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…

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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…

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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…

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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,…

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Inventing and “feeling it”

It is easy to think you were an inventor when you really were not. When I was an engineer at HP, I wrote up 3-4 invention disclosures before a meeting, where we were going to discuss a new product.  At the meeting, I pitched a couple of the ideas *I had already submitted* for patenting. …

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1% Patent – 99% Execution

Note: this is an excerpt from my forthcoming book “Startup IP Strategy.” As we all know, business is usually 10% idea and 90% execution.  The successful companies rarely have the single best product on the market, but they do have successful execution. Startup companies – and any business with a new product – spend more…

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Data Driven Patents

Note: this is an excerpt from my forth coming book “Startup IP Strategy.” The patent system requires that we look ahead and guess the future.  If we are right, there is a huge reward.  This process can be powerfully addictive, as it is the same psychology as lottery tickets. Patents are bets that the marketplace…

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