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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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

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 time doing product market fit than anything else.  Figuring out what the…

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Data Driven Patents

Updated April 2021. 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 will adopt a technology.  The interesting characteristic is that the…

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Patents and Psychology – The Fear of Loss and the Lottery Ticket

The Fear of Loss A patent brings out weird psychology of entrepreneurs and investors alike.  They are their own worst enemy. By the way, this is one of the reasons why the patent system is broken, but not the way you think it is. Note: this is an excerpt from my forthcoming book “Startup IP…

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