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Downside: an individual who made an important discovery and patented her invention and licensed her technology to large companies would not be able to access he

Downside: an individual who made an important discovery and patented her invention and licensed her technology to large companies would not be able to access her money for 17 years.

caf 10y ago
Presumably you'd be able to get a loan secured against the escrowed revenue. If this actually happened you'd no doubt see specific tailored financial solutions for this.
- deleted 10y ago
  [deleted]
- FireBeyond 10y ago
  Like you can get a loan or advance against annuities and settlements now? Where the _best_ of these will take fifty per cent as a fee? Sounds a great deal.
  - YokoZar 10y ago
    If half of all patents are known to be bogus then yeah, that'd be a fine deal.
    - __s 10y ago
      So as an escrow company I should also fund the creation of bogus patents to increase the rates of my business model
      - caf 10y ago
        This makes no sense, because the only reason a higher proportion of bogus patents would increase the interest rate charged is because it would increase the risk that the patent returns very little in revenue (the higher interest rates aren't increasing profit, they're covering higher risk). I think what'd you'd actually see is specialist patent funding actuaries and patent evaluators making an interest rate bid dependent on the actual patent and inventor in question, much the way insurance industry works. The direct competition would be business loans, and maybe that'd be essentially what they were - secured business loans.
- musesum 10y ago
  A friend sold a company to a Dot Com for stock at its peak. S/he factored the strike price. During the waiting period, the stock tanked. So, s/he got significantly more than what the stock was worth.
musesum 10y ago
I wonder if a variation of cut-and-choose would work? Choose your own timeframe. 5 years, 17 year, whatever makes sense to release the escrow. Lets say the USPTO uses Deep Learning to discover prior art and/or result disputes. A shorter time frame may be less risky for the inventor. After the escrow is released, there is no recourse for the licensee.

Downside: an individual who made an important discovery and patented her invention and licensed her technology to large companies would not be able to access her money for 17 years.

caf 10y ago

Presumably you'd be able to get a loan secured against the escrowed revenue. If this actually happened you'd no doubt see specific tailored financial solutions for this.

deleted 10y ago
[deleted]
FireBeyond 10y ago
Like you can get a loan or advance against annuities and settlements now? Where the _best_ of these will take fifty per cent as a fee? Sounds a great deal.
- YokoZar 10y ago
  If half of all patents are known to be bogus then yeah, that'd be a fine deal.
  - __s 10y ago
    So as an escrow company I should also fund the creation of bogus patents to increase the rates of my business model
    - caf 10y ago
      This makes no sense, because the only reason a higher proportion of bogus patents would increase the interest rate charged is because it would increase the risk that the patent returns very little in revenue (the higher interest rates aren't increasing profit, they're covering higher risk). I think what'd you'd actually see is specialist patent funding actuaries and patent evaluators making an interest rate bid dependent on the actual patent and inventor in question, much the way insurance industry works. The direct competition would be business loans, and maybe that'd be essentially what they were - secured business loans.
musesum 10y ago
A friend sold a company to a Dot Com for stock at its peak. S/he factored the strike price. During the waiting period, the stock tanked. So, s/he got significantly more than what the stock was worth.

musesum 10y ago

I wonder if a variation of cut-and-choose would work? Choose your own timeframe. 5 years, 17 year, whatever makes sense to release the escrow. Lets say the USPTO uses Deep Learning to discover prior art and/or result disputes. A shorter time frame may be less risky for the inventor. After the escrow is released, there is no recourse for the licensee.