4 ms·
Anyone can create a billion dollar company or win a Nobel prize while we're at it. All technically true but largely meaningless for lack of nuance and perspecti
by ramblenode 5y ago
Anyone can create a billion dollar company or win a Nobel prize while we're at it. All technically true but largely meaningless for lack of nuance and perspective.
If you're an independent inventor you'll need to hire a patent attorney for your patent to have a meaningful chance, which will run several grand. The patent office is overwhelmed and as a result tends to reject the first draft of an application so that only the most tenacious filers stick around. So you'll spend several grand more on each of probably 3-5 iterations of the application. $10k is a realistic estimate for attorneys' fees if the process goes well.
Then you'll need to monetize it. If you want to sell a product you'll deal with all the other IP holders and their "patent thickets" that intersect with trivial aspects of your product. To sell your product you'll need to license their IP, eroding the value of your own.
Finally you'll have to defend your IP from infringement, which is a major expense---much larger than filing. If you threaten a company with infringement they will make it their strategy to grind you down with legal expenses. If it goes to litigation, you should expect to spend at least several hundred grand.
So overall I would not say just "anyone" has meaningful access to IP. As with many legal/bureaucratic processes, your mileage will vary with how deep your pockets are.
Here is a book written by two economists on how the current IP regime concentrates power and stifles innovation: http://www.dklevine.com/general/intellectual/againstfinal.htm http://www.dklevine.com/general/intellectual/againstfinal.ht...
- charcircuit 5y agoWhy are you focusing on patents? This article is about copyright. Anyone can sell a program, a game, a song, a video, etc.