Belshe: Idea - Let’s Make Patents Defensive
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Started by: zoobabzoobab
Date: 01 Feb 2008 12:38
Number of posts: 1
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But patents last for seventeen years and the average start-up does not. So, once the company gets into financial trouble, those innocent ‘defensive’ patents can turn into funding to keep the company afloat for a short while longer, or worse, fall into a lawyer’s hands after the fire sale. A classic example of this is Visto, a once exciting Silicon Valley startup that never managed to quite make it ‘over the hump’. In 2005, the company sold equity to NTP (the lawyer group that sued RIM) and agreed to allow NTP access to Visto’s “defensive” patent portfolio aggressively. Visto/NTP have been filing lawsuits ever since.
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