Patent Strategy

Due Diligence and IP Valuation Webinar

The Angel Capital Association hosted a webinar on Due Diligence and IP Valuation. In this webinar, I discussed an IP-backed loan for Ivani, who has an extensive IP portfolio. Note that this is a public version of our analysis of Ivani’s portfolio. We have an investor-specific due diligence package which is available for accredited/qualified investors.…

Read More

IP-Backed Lending In Asia

Intellectual property-backed lending, particularly patent-backed lending, has been growing in Asia, particularly China and Korea. Both countries have made extensive efforts to use IP as a business resource for growing their economies. Maybe the US can use part of this playbook? China’s IP Emphasis is a Huge Asset to SMEs Seeking Financing. $67B in loans…

Read More

The Problems with Your Patent Attorney Owning Stock in Your Company

The Ethical Quandary Patent attorneys are entrusted with the responsibility of safeguarding their clients’ intellectual property. This fiduciary duty requires them to act in the best interest of their clients, providing unbiased and objective legal advice. However, when a patent attorney owns stock in a client’s company, their financial interests conflict with their professional obligations.…

Read More

Patent Attorneys’ Misguided Obsession About Costs

Hand wringing amongst patent attorneys show their misguided view of their clients. Patent attorneys work in a bubble that is completely hidden from laypersons, but is an incredibly loud echo chamber. An example is the current obsession and endless handwringing over the USPTO’s DOCX filing requirement. The issue is that the USPTO prefers that you…

Read More

Every Word Hurts You: Patent Claims

Every Word in the Description Hurts You, and the Claims Hurt You, Too. The length of the claims really matters.  The length of the specification is important – but only up to a point. There was an old joke in the Patent Office that when a claim is longer than your hand, it must be…

Read More

How Long Provisional Applications Hurt You

How Your Own Prior Art Can Kill You I had a client whose inventor would write long provisional patent applications.  He would think through all the options of his inventions, and he would include every option he could conceive. The company made battery separators – the thin sponge that goes between the anode and cathode…

Read More

Patent Descriptions: Every Word Hurts You

Every Word in a Patent Application Hurts You The patent application has two parts: the specification and the claims. Every word in the specification is a trade secret you give away to your competitors. Every word in the claims narrows the claim and limits your enforceable rights. Long Specifications Hurt You Many clients are told…

Read More

Do You Like My Invention?

Inventors often ask for my feedback on their inventions, but the only thing I ask about is revenue. As an investor who focuses on IP, I get asked for feedback on inventions and patents. I have written hundreds, maybe even a thousand patent applications, reviewed countless more, invested in startup businesses, co-founded one, been an…

Read More

Communication Hygiene: Things You Never Say To Your Patent Attorney

Good news in writing – bad news by phone. Inventors have extraordinary power in the patent process, especially in litigation. An inventor’s opinion or comments can often be twisted during litigation and ultimately, used to invalidate a patent or discredit the patent owner. There are things you should never say to your patent attorney, at…

Read More