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Patent trolls have two revenue streams: 1. royalties from small businesses 2. judgments against large businesses They survive on #1 and make return on #2. It i
by taway20180523 8y ago
Patent trolls have two revenue streams:
1. royalties from small businesses
2. judgments against large businesses
They survive on #1 and make return on #2. It is a good way to turn $1M into $100M. It doesn't work if you start with $3B.
- greglindahl 8y agoYeah, turns out that there is a maximum amount of money that you can put to work in that "industry", and it's a lot less than $3B.
- weliketocode 8y agoHindsight is 20/20, though. At the time he raised the fund, there certainly were plenty of people who thought patent trolling could scale.
- greglindahl 8y agoYes. They also had other ideas, of a patent marketplace, that failed to actually happen. And directly inventing stuff, which also failed and always looked like PR rather than a serious business.