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| node: | 07.10.2011-10:34:01 |
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| created: | 07.10.2011 - 10:34:01 |
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When Patents Attack
Imagine an inventor out there — someone with a brilliant idea, a breakthrough. This inventor has a patent, but companies are stealing his idea. And this inventor doesn't have the money or legal savvy to stop them. That's where Intelectual Ventures comes in. It buys this inventor's patent, and it makes sure that companies who are using the idea pay for it.
When we asked for an example of an inventor in this situation, someone with a breakthrough, who wasn't getting paid for it, two separate people at Intellectual Ventures pointed us to a guy named Chris Crawford.
So we went to talk to Chris Crawford. But that turned out to be harder than we thought — and it led us on a five month journey, where things did not quite fit the story Intellectual Ventures was telling.
Imagine an inventor out there — someone with a brilliant idea, a breakthrough. This inventor has a patent, but companies are stealing his idea. And this inventor doesn't have the money or legal savvy to stop them. That's where Intelectual Ventures comes in. It buys this inventor's patent, and it makes sure that companies who are using the idea pay for it.
When we asked for an example of an inventor in this situation, someone with a breakthrough, who wasn't getting paid for it, two separate people at Intellectual Ventures pointed us to a guy named Chris Crawford.
So we went to talk to Chris Crawford. But that turned out to be harder than we thought — and it led us on a five month journey, where things did not quite fit the story Intellectual Ventures was telling.