IP and intangible asset strategies are a critical feature of ALL businesses regardless of size, product or customer. But why? Put simply, leaders need to be comfortable that their companies have the mechanisms in place to capture the value that you see possible from the venture. Without foresight and action, other businesses will be able [...]
Posts under ‘Start-up IP Strategy’
Enhancing Innovation ROI by Adding Patents at the Front End: Some Resources
A new client has asked for some information on how consideration patents and IP at the front end of the innovation/product development process can enhance business value. Readers of this blog might find this material informative, also. This is a published article from Innovation Management article entitled “How to Improve Innovation ROI with Early Stage [...]
Hey “Patent Experts”: How Do You Like Groupon’s Patent Now? *Crickets*
Yesterday’s announcement of the firing of Groupon’s CEO and the hope for a rebirth of the company’s business model brought to mind a post that I wrote a couple of years ago railing against the self-interested opinions of “patent experts” on why Google offered $6 Billion for Groupon in late 2010. Re-reading the post in [...]
Is Traction the New IP for Startups? Maybe Not for Yours.
“Traction is the new IP.” This emerging mantra results in many startup CEOs eschewing the traditional path of patent and other forms of IP protection. While I am aware of no rigorous studies conducted to date, anecdotal information indicates that startup entrepreneurs are increasingly saying no to patents, and likely to other forms of IP. [...]
Do Patents Matter? Lean Startups Should Ignore Expert Advice and Let Their Data Drive Patenting Decisions
Many hold strong opinions on the value of patents to business. Both in person and online, there are any number of “experts” who stridently insist that without patent protection, a company’s business goals are doomed. With about 350,000 new patent applications filed in 2012, there is no question that many agree that patents create, and [...]
Lean Startup Methodology: How Patenting Decisions Fit into this New Business Framework
One of the first questions start up entrepreneurs usually ask sounds something like this: “Is it worth the effort and expense to get a patent on this business idea?” In countless conversations with clients in my years as a patent attorney, I could usually articulate multiple reasons why the person seeking to to start [...]
Patents–Who Needs Them? Not Most Startup Entrepreneurs.
A recent article in TechCrunch indicates that entrepreneurs are less likely to file patents than in the past. Nonetheless, there remain countless patent lawyers and agents who will argue convincingly that an entrepreneur must obtain a patent in order to succeed and who will take their $5-15K to file a darned good patent application [...]
A Startup Company’s Experiences with Open Innovation-Part 2: Adventures of a Chief Frog Kisser
After many years of counseling small companies on how to license their technology to large companies as an IP attorney, the tables are now turned. My new role is as CEO of a startup company with breakthrough battery charging technology available for licensing. I am finding that many of the things I knew to be true [...]
Facebook’s “Trademark Bullying” Should Serve as an IP Strategy Lesson for Startup Entrepreneurs
This week, Facebook’s trademark action against a small online teaching company has been all over the news. In summary, Facebook contends that TeachBook infringes its trademark rights in the “Facebook” name because, presumably, the “book” part of the name is associated in the minds of the relevant consumer public with the now well-known Facebook brand. [...]
A Startup Company’s Experiences with Open Innovation-Part 1: Dealing with a Large Company Having Small Innovation Goals
For the past several months, I have been at the helm of Evgentech, a startup company with game-changing battery charging methodology. Our technology was developed by young men who did not come from a traditional engineering background and, even then, their discovery was a serendipitous result of the co-founders’ recognition of a new principle stemming from [...]