This is an awesome story. $3+m fr two inventions in 18 months with presumably only pending patents and a prototype. Q: Equiv $ possible today without good (pre-)sales of product, big user base/network effect, or issued patents that have strong infringement and validity proof?https://twitter.com/Molson_Hart/status/1258146212450111491 …
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“manage allegations of patent infringement” = lobbying & efficient infringement | invention didn’t change, the law was changed by the infringers
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Yep (ThAnKs ObAmA/GoOgLe). The IPR process of the AIA was implemented in a way that basically meant any patent worth asserting could be ~95% chance be invalidated for roughly $300k In USPTO & legal fees. Mayo/Alice SCt decisions threw a cloud of uncertainty over most patents.
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Courts decide not the uspto ultimately right? And they don’t just use prior art cited by the patent but any prior art I would think? Is this not news because patent attorneys don’t want it to be? Could this contribute to the slowdown in innovation in this country?pic.twitter.com/LafuER34Xf
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Also comps: “Google’s purchase program, which ran for a short period [2015]... According to a company spokesperson, Google purchased 28% of the patents that came before it, and spent $3,000 to $250,000 on individual patent, with an average of $48,000.”https://www.google.com/amp/s/fortune.com/2016/05/18/patents-ip3/amp/ …
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