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Nah There is no way that my improvement to the derivatives market would have ever been worth my time if I couldn't sell the patent to financial institutions.
by cloudjacker 10y ago
Nah
There is no way that my improvement to the derivatives market would have ever been worth my time if I couldn't sell the patent to financial institutions.
People that have never had a good idea in their life imagine that patent holders are making widgets in their woodshed, or have the ability to make said widget in their woodshed.
But the reality is that there was no way I could ever have commercialized this in a way that had so few risks, aside from my ability to cough up $12,000 at the time.
Yeah let me just go recreate the financial derivatives market and lobby Congress for the rest of my life just so that children on reddit won't call me a patent troll.
- dsacco 10y agoYou don't have any contact information in your profile, but is there any chance you'd be willing to talk about what the process was like for you to sell this?
- jessaustin 10y agoOr even provide enough info for us to determine that this is a real example we ought to seriously consider, rather than simply a hypothetical bullshit discussion-thread thought experiment? If any market segment could offer a variety of remunerative options for innovation other than a patent, surely it is finance? Indeed most actual financial innovations would never be patented, rather than kept secret under strict NDA.
- cloudjacker 10y agolaughing all the way to the literal bank on this one I would almost give you a pass for saying "most" if not for noticing that my patent cites other "actual financial innovations" that financial institutions filed as patents and got approved, popular opinion on the internet lives in a separate reality than any framework this country functions on
- dsacco 10y agoSo is that a no to my original question? I'm actually interested in hearing about your high-level methodology for networking a patent to a sale. I'm not interested in debating the ethics or legal framework that allowed you to do so.
- ori_b 10y ago> There is no way that my improvement to the derivatives market would have ever been worth my time if I couldn't sell the patent to financial institutions. Not even if you could grant them a license, but not ownership?
- cloudjacker 10y agoIt was an option. I probably wouldn't have pursued the patent if that was the only option. Unless the costs to filing patents were also cheaper. Lots of variables that this simple discussion doesn't consider.
- ConfuciusSay02 10y agoWell if a change in the patent system would have negatively affected cloudjacker on HN, then we obviously can't make any reforms to the system. Sorry guys!
- cloudjacker 10y agothat wasn't what the parent question was at all, so that is an invalid conclusion to make as your sarcasm is a satire on truth
- Nullabillity 10y agoDid that "improvement" really improve the lives of anyone else than you and the people owning that bank? Should it really be something that the government encourages?
- cloudjacker 10y agothe government encourages people to not duplicate effort, the purpose of patents is to encourage people to disclose an invention so that other people don't reinvent the wheel, the incentive being that you get a monopoly on the wheel for a limited time software of course iterates much faster than other inventions, meaning a 19 year monopoly can really stifle the industry thats the only debate on patents, software applicability