[LINK] Australian Patents

[JanW]

At 06:46 AM 6/12/2014, Scott Howard you wrote:
>That completely ignores the value of those patents.  More than a few
>startups (and not so startups!) have been purchased simply because of the
>value of their patents.
>
>Whether you agree with the way patents currently work in many parts of the
>world or not, ignoring them means leaving significant money on the table
>which is not a good way to run a company, large or small. 

That's true. It's important not to overlook the cost of patent attorneys in your venture capital expenses sheets/budgets if you are inventing things. It secures your rights so that those scavengers actually have to pay you for your work instead of just taking it because you didn't protect it. Most likely you don't have deep enough pockets to fight the Apples and Microsofts of the world, which have been in the courts on IP theft a few times.

Jan


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