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Business Uses for Patents

Should I Get A Patent Before Talking To Customers?

No. As an investor in patents, I am willing to wait for the Second Patent. In my business of financing patents for startup companies, I am usually willing to pass on the First Patent for a startup.  I want to finance the Second Patent. Why? Because I want you to talk to customers BEFORE getting…

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How Much Does A Patent Cost?

How much does a patent cost?  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 standard practices is…

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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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Exclusive Licenses Can Be More Valuable Than Owning Patents Outright

Own or Rent?  Exclusive Licenses Can Be More Valuable Than Owning Patents Outright. Patents encapsulate the hopes and dreams of a company and many investors, CEOs, and inventors have a negative gut reaction about not “owning” their patents.  For some reason, “owning” their patents is a deeply emotional issue, but it should not be.  Exclusive…

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Patents Multiply Your Investment in a Company

Note: this is an excerpt from my upcoming book “Investing In Patents”, which will be published in the next couple months. More information to come. Patents Multiply Your Investment Patents are used to defend, but also to multiply an investment in technology. In the first case, companies use their patent assets to preserve an investment.…

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Foundation of Investment Grade Patents

Foundation of investment grade patents is serious due diligence. Getting solid, investment-grade patents is less about finding the gem as much as removing the dirt so that there are more possible gems in the portfolio. We do not know which patent will ultimately be gem, but we can dramatically increase our chances byremoving the ones…

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Patents Are Similar to Stock Options

Patents are similar to stock options. Patents are an inherently risky investment and have lots of similarities to options trading. This is because they have value only when the market comes to them. At the time you purchase an option – and at the time you create a patent – you must place a bet…

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Patent Funding: Better Patents from BlueIron

Patent Funding: How BlueIron Gives You Better Patent Quality One of the biggest ironies is that your patent attorney cannot give you good advice. But patent funding changes that. Patent attorneys are bound by the attorney/client privilege, which is a hallmark of our legal system. But it has some unintended consequences. One of which is…

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How to Get a Good Patent

How to Get a Good Patent How to get a good patent? It is easy to get a worthless patent, but quite hard to file a good one. A good patent starts with a good invention. The invention should have a high value if the invention were to be licensed or sold to competitors in…

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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. Pending patent applications have very little to zero (and sometimes negative) value. The key to patent value is the scope of the invention, and you don’t know that until the patent issues. You can, of course, do a…

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