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Imagine that you graduate university with some cool tech ideas. You develop a prototype and want to start building a business around it. You file a patent, hopi
by gentleman11 3y ago
Imagine that you graduate university with some cool tech ideas. You develop a prototype and want to start building a business around it. You file a patent, hoping it will protect you long enough to get your company off the ground -- often a 7 year mission. Does it? Not necessarily, but it is nice, in theory anyway, to think that big tech can't just rip off your idea at scale the first time somebody sees it
In practice, my understanding is that you can't really afford to enforce your patent without a big legal team, and even then, the cost can sink your fledgling company
I think the real problem is the cost of accessing and navigating the legal system (including: the cost of invalidating bogus patents)
- Retric 3y agoThere’s many ways of enforcing a patent, selling the claim to a patent troll is one way to cost your opponent quite a lot of money. Getting reasonable licensing terms doesn’t require you to be able to win a case just cost them significantly more money if they don’t.
- Scarblac 3y agoThat's an advantage for that student, sure. For society I'm not so certain.
- deleted 3y ago[deleted]