Category: Startups & Funding
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Pre-seed Funding: You Can Do A Lot Of The Work Upfront
Start with marketing – not product design. Thinking about pre-seed funding? Getting your company off the ground is a challenging task, but far too many entrepreneurs want to run before they even crawl. It is…
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Inhouse vs Outside Patent Counsel
There are Two Types of Lawyers There are two types of patent lawyers: outside counsel and inhouse counsel. Each type of lawyer plays a completely different role, and the two types are at a constant…
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How to Spot Bad Patents
Investment-Grade Patent[1][2]s represent only a small sliver of the patent universe. Their value comes from a huge amount of research and thought. However, bad patents are easy to spot. These less-than-optimal patents have certain characteristics…
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Webinar: IP Due Diligence in Two Questions
There are two questions to ask every time you are dealing with patents: Can you tell if someone infringes? How hard is it to design around your patent? With these two questions, you are 90%…
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The Light Bulb is the Worst Symbol of Invention
Invention is the heavy lifting of 1000’s of failed experiments, not a grand vision that pops into someone’s head. The light bulb is the universal symbol of “invention.” It is the worst – and best…
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Patents in a Business Context
Photo by jesse orrico on Unsplash Why patents as a “lottery ticket” is a losing proposition. A business owner makes hard business decisions, especially when it comes to IP. There is only so much money…
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Is Your Patent Examiner Awful? One of the Patent Myths
The Myth that the Patent Examiner does not understand your invention. One of the myths that is perpetuated by the patent bar is that the examiners somehow do not understand your invention. The truth is…
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Valuable patents solve contradictions
Amazon’s One-Click patent is the epitome of “non-obviousness” Inventions are not obvious – they have to solve some kind of contradiction. This idea holds true for businesses. Startups that can solve a contradiction in the…
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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…
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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. Marketing is more important than patents As…