Posts Tagged ‘Patent Cost’
Are 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 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…
Read MoreThe Patent System is Broken – but not in the way you think it is.
The patent system has some weird quirks that makes it feel broken. In truth, you do not want to know how the sausage gets made at the Patent Office, and patent laws are all weirdly nuanced with few bright lines. That is just the way it is. The real problem is the patent applicants, not…
Read MoreWhat Are The Costs To Enforce or Defend a Patent?
Two stages of litigation: claim construction and the trail. Post Grant Review (or Inter-Partes Review) Patent litigation can be very expensive, and the costs of litigation go up considerably with the amount of money at risk. Not to mention, just getting a patent can be very expensive. The risk of patent litigation can be handled…
Read MorePatents Are Call Options On Technology
The only way for your patent to be valuable is to bring a product to market. This post was published on Medium. You can read it here. This post is an excerpt from my upcoming book “Startup IP Strategy.” A call option is an option to purchase a stock at a defined price. It is…
Read MoreInvestment Grade Patents Do Not Have “Broad Claims”
Broad patents can hurt you. 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 also a sales pitch that patent attorneys use to make more money. Narrow patents are bad, too. Narrow…
Read MoreFinancing Patents Is Actually CHEAPER Than Paying a Patent Attorney
Financing patents through BlueIron is actually cheaper than paying as you go with a conventional patent attorney. This is because the cost of capital for startup companies is so high. Pepperdine’s business school publishes the annual Private Capital Markets Report, which shows that the average cost of capital for Angel or VC funded companies in…
Read MoreShould 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 MoreShould I File A Provisional Patent Application?
You should never file a provisional patent application. Ever. In every case, a small company or independent inventor is better off by filing a complete, well-written, non-provisional patent application. One of the biggest hoaxes in the patent community is that provisional patent applications are a good thing. They are not. (You can learn more at…
Read MoreHow 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…
Read More