Patent Strategy
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,…
Read MoreVenture Capital Investments in Patent-Heavy Companies is Down Substantially
The Alliance of US Startups and Inventors for Jobs (USIJ) issued a report in July 2020 showing how Venture Capital has shied away from patent-intensive startups over most of the last two decades. This corresponds with the undermining of the US patent system through several Supreme Court cases during the period. You can get the…
Read MoreUSPTO Abandonment Rate Nearly Tripling Since COVID
Patents are being abandoned at historically high rates, pointing to a lack of confidence in the future. An updated analysis by BlueIron shows that the COVID crisis has markedly affected business’s IP strategy. A previous analysis done in March is here. The abandonment rate has shot up since COVID started, especially for Small Entities, which…
Read MoreWhy Your Patent Attorney Does Not Want Your Patent To Be Granted
There is a perverse incentive for your patent attorney to *not* get your patent allowed. It is called “money.” Clients are at the mercy of their patent attorneys. For small companies who do not have inhouse patent counsel, they outsource their patents to outside counsel who have a financial incentive to keep a patent pending…
Read MoreAre you thinking of giving up on your patent application? Think again. Patent financing is available.
Many companies are abandoning their patent applications. In fact, the abandonment rate has tripled since the Covid-19 crisis began. However, there is specialized financing to keep your patents pending – and even build out a bigger portfolio – so you will be in a powerful position when the economy opens up again. BlueIron is the…
Read MoreNational Family Support finds help with BlueIron
(Loveland, CO) National Family Support, Inc announces its first patent filed through BlueIron. National Family Support is rolling out a suite of services for managing child support payments. “With billions of dollars of delinquent child support payments nationally, we provide loans to parents who are behind – and we guarantee all future payments. This means…
Read MoreAutomed Gets Investment from BlueIron
Automed, Inc., the world’s leader in medication delivery for livestock based in Ames, Iowa, announces a patent financing arrangement with BlueIron of Loveland, Colorado. “We are able to get better patent protection and grow the company at the same time” says David Edwards, CEO of Automed. “Our patent expenses were getting ridiculously high, and we…
Read MoreEffects of COVID-19 on Patents – Twice The Number of Abandonments
As companies hunker down for the effects of the COVID-19 virus, they are abandoning their IP protection at TWICE the normal rate. And it is likely to go up much further. AND this has never happened before. BlueIron’s study looked at recent USPTO abandonments to see what, if any, effects were from COVID-19. The results…
Read More1% 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…
Read MoreData 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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