Remove 2007 Remove Competition Remove Patents Remove IP
article thumbnail

Intellectual Property – Worthless To A Startup, Priceless To A Big Dumb Company

InfoChachkie

Intellectual Property (IP) is an ugly thing at a startup. However, to a Big Dumb Company (BDC), a startup’s IP is a thing of beauty. How can IP be worthless to a startup yet very worthwhile to a BDC? Because IP has intrinsic value, but only in the right hands. Yet, it does nothing to help you execute your business model.

IP 256
article thumbnail

Roping in the Legal Eagles

InfoChachkie

Just as you would not ask your family physician to perform a coronary bypass, do not ask your corporate lawyer to help you write your patent application. However, you should seek a patent attorney when it is time to craft your patent application. Save money on your office furniture, not on your IP lawyer.

article thumbnail

Interview: Venture Capitalists On Pitching

socalTECH

Defensibility is also big--we're not interested in the me-too's without some unique IP. At GRP, we don't care about patents--they're nice to have, but not required--but we're looking for defensible IP in an area with an interesting, and big, idea. Rick Smith: I would say, at a slightly higher level, is passion.