ScienceBlogs: Shall we end software patents? Please?
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Started by: zoobabzoobab
Date: 05 Mar 2008 13:46
Number of posts: 1
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That said, I think software patents are bad for inventors and bad for the process of innovation itself. The practice of big companies building up a huge patent "war chest" to protect against lawsuits over their own deliberate theft of others' intellectual property (including trade secrets) is awfully cynical. IP laws are either enforceable or (preferably) not; they shouldn't be enforceable only against small companies and not against big ones who just happen to have other unrelated IP on the books. The way that investors base so much of a startup's valuation on its patent portfolio totally distorts the venture-capital market leading to drastic misallocation of funds. The only people who benefit from any of this are amoral large companies and lawyers. The public sure doesn't.
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