Patent Myths explores many of the misconceptions that entrepreneurs and angel investors have about intellectual property. Seems that 95% of the patents out there are worthless, so how do we still use the system to get Investment Grade Patents?
Webinar - IP Triage - Managing IP in Uncertain Times
Webinar from 9 Apr 2020.
How do you manage an IP portfolio? You need tools.
Here are two simple questions to ask:
1. Can you tell if someone infringed your patent?
2. Can someone design around your patent?
Armed with these two tools, you can manage most of your patent portfolio.
Patent Myth 13 - The Examiner Is The Problem
Patent examiners are widely maligned by applicants and patent attorneys, but they are actually the most underutilized resources that make sure you get good patent assets.
Examiners have an immense amount of knowledge and experience, which a good applicant can put to use - if they know how.
Patent Myth #12: Patent Searches
Patent searches can be *harmful* or helpful.
Big companies have legitimate reasons why they do not do patent searches, but these reasons are not as important to startups.
Startup companies can err by deluding themselves that "nothing is out there" when, in fact, the only thing we can tell is that we have not found the prior art - yet.
Patent Myth #11: NDAs and PIIA
Non Disclosure Agreements and Proprietary Information and Inventions Agreements are far more important than people realize - especially for startup companies.
Some entrepreneurs worry about people "stealing" their ideas, but that fear is misplaced.
The real issue with whether your company actually owns the IP that it creates.
Myth #10: Inventorship Is Something You Can Give Away
Many entrepreneurs treat patent inventorship as an award system. It is a free, painless way to reward someone on your team by adding them to a patent.
Improper inventorship is one of the easiest way to completely invalidate your patent.
Treat inventorship with respect, and make sure you list every inventor, but also make sure you do not include anyone who does not fit the legal definition.
Myth $9: Invention is Easy
What is the worst symbol for an invention? It is the light bulb.
Edison did 1000 experiments to get to the light bulb. It was a long, methodical, painful process - then the "light bulb" moment.
Good invention - and good entrepreneurship - comes from the same methodical processes, not some flash of light.
Please come back!
I miss this podcast and the useful IP knowledge I absorbed from it.
I was blissfully ignorant of strategy in this world until I started tuning in to Russ. He’s opened my eyes and informed my investing in early stage startups.
Great info on Patents
This podcast has great info for the inventor, entrepreneur or investor looking to broaden their knowledge of patents, filing a patent and the entire process. I highly recommend to anyone looking to start a business, or provide more value to their existing organization.