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You seem to think ideas have value without execution. I meet people like this at hackathons sometimes. They tend to say things like: “I want to start a compan
by natch 7y ago
You seem to think ideas have value without execution.
I meet people like this at hackathons sometimes.
They tend to say things like: “I want to start a company. I already have the idea. Since I supplied the idea, I’ll own most of the company but I’ll be really generous and let you have 10% equity if you just write the program.”
Things don’t work this way.
- onion2k 7y agoYou seem to think ideas have value without execution. No I don't. I think patents have value without execution - in so far as you can license the patent without doing the execution yourself. To that end, the author of the thread has to try and persuade the patent holder that it's better to go in to business with him than it is to license the patent to whoever will pay. That means mitigating the risk that the patent holder is taking by offsetting it over time.
- natch 7y agoBut there are garbage patents.
- onion2k 7y agoSure. Maybe the one the original thread author is talking about is garbage, but I'm willing to be charitable and accept he probably isn't an idiot and has done a bit of due diligence to check. So, assuming the patent in question isn't garbage, what I said stands.
- natch 7y agoThat’s a pretty large assumption though. Most people including many, many, tech people I have met are, to use your word, idiots about patents, essentially suspending all disbelief as if it is some kind of powerful magical certificate that validates the idea. So what you said stands but only in a world I haven’t encountered, and I have a few patents and have been around the block on this one.