Posts Tagged ‘Entrepreneurship’
How long does it take to get a patent?
It takes, on average, 2-4 years to get a patent from the United States Patent and Trademark Office. But, you can change the speed based on your filing strategy. The chart above shows how long a patent was pending for the patents that issued to Small Entities in the first quarter of 2021. The blue…Read More
Provisional Patent Applications Hurt Startups
Bad Strategies for Startup Patents The patent bar does a terrible job of serving smaller clients – and provisional patent applications are a glaring example. In fact, they are taking advantage of them and causing harm to the clients they are supposed to serve. The graph shows a recent snapshot of office actions over the…Read More
Do Startups Give Up On Their Patents?
Patent valuation can be inferred from how much effort an applicant puts into their patent. One of the common criteria for the more sophisticated patent scoring algorithms is the number of continuation applications. Having a pending application in a patent family is a huge asset. A pending application allows you to create new patent claims…Read More
The S-Curve, Innovation, and Intellectual Property
Every technology grows on an “S-curve.” The S-curve cycle is where an idea is born, then it struggles to get product-market fit through infancy. Once it begins to get traction, there is a period of growth, after which the technology levels out and eventually declines. You can think of the S-curve as the growth cycle…Read More
Patents and Psychology – The Fear of Loss and the Lottery Ticket
The Fear of Loss A patent brings out weird psychology of entrepreneurs and investors alike. They are their own worst enemy. By the way, this is one of the reasons why the patent system is broken, but not the way you think it is. Note: this is an excerpt from my forthcoming book “Startup IP…Read More
Patents Help Sell Your Company
(Updated 10 Oct 2021.) IP plays a big role to sell your company, especially if you are a startup company. Most people think about building an IP portfolio for “protection.” Somehow, the patent value is that they can mystically enforce their patent on an infringer. The notion of “protection” is mostly an illusion, unless you…Read More
Patent Myths – “Broad Claims are a Good Thing.”
Inventors like to think that their patents are “broad” and somehow that is good. It is not. The risks with broad patents are that they are more easily invalidated, but it is basically a sales pitch that patent attorneys use to make more money. Narrow patents are bad, too. (Learn more about this and other…Read More
Loans for Your Patents
Yes, you can borrow against your patents. BlueIron can provide loans of $2 to 50M or more using only your patents as collateral. Your company is based on your creative ideas, which you have protected with your patents. But if those patents have value, can I loan against them? Yes, you can! BlueIron has an…Read More
Should I Get A Patent Before Talking To Customers?
No. As an investor in patents, I am willing to wait for the Second Patent. BTW, if you need to tell someone your invention when you are doing customer discovery, you are doing it wrong. In my business of financing patents for startup companies, I am usually willing to pass on the First Patent for…Read More
Patent Enforcement Insurance Makes Your Company Valuable
Why should I get a patent? I don’t have enough money to enforce it. Many startup companies don’t bother with patents because they don’t think they can enforce them. And they are right. A patent lawsuit can be very expensive, and the game of enforcement is really a big game of chicken: both sides are…Read More