Posts Tagged ‘Why Get A Patent’

I Do Not Want a Patent I Do Not Deserve

I do not want an entrepreneur to bet the farm on a patent that has no value. It is really tempting to think that you can get an enormously valuable patent.  Then you can dominate some big market and get paid handsomely. Entrepreneurs are fond of saying that their patents are “broad,” and investors desperately…

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Using Patents as Blackmail

A case study on why you need the right inventors agreements for a startup: a former employee turns patent troll. My company finances patents for small to medium sized companies, so I often get inquires from people who want to build out a patent portfolio.  A while ago, I received a call from an inventor…

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Types of Patents

What are the different types of patents? Patents have been the bedrock of innovation, powering the innovations of our early republic, through the Industrial Revolution and patents continue to play a big role in today’s technology improvements. Over 10,000,000 patents have been issued by the United States Patent and Trademark Office, and over 400,000 are…

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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% of the way there on IP due diligence. Here is my presentation to Band of Angels in October, 2020.

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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 – example of invention, but not in the way you think it is. Invention has been portrayed in lore as…

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Patents in a Business Context

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 and so much time, so how do you decide? Patents represent enormous potential value, and they feel like a lottery ticket.  The risk to reward –…

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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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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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Inventing and “Feeling It”

It is easy to think you were an inventor when you really were not. When I was an engineer at HP, I wrote up 3-4 invention disclosures before a meeting, where we were going to discuss a new product.  At the meeting, I pitched a couple of the ideas *I had already submitted* for patenting. …

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So You Have A Patent? Now What?

For many entrepreneurs, life goes on. The nasty secret is that now that they have this new asset, they don’t know what to do with it. They spent a lot of money, time, and energy getting the patent, but struggle with the value of it.

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