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Patent Strategy

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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USPTO 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…

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Why 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…

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National 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…

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How Much Does A Patent Cost?

In this post, we look at a lot of things regarding patent costs: What are the basic patent costs? What are the costs to just file a patent? Is micro entity worth it? Is a provisional patent application cheaper? (NO!) What are the costs for software patents? What can affect patent costs? What does it…

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Automed 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…

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