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

InfoChachkie

“Good Lord Boyet, my beauty, though but mean, Needs not the painted flourish of your praise: Beauty is bought by judgment of the eye, Not uttered by base sale of chapmen’s tongues” . 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.

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Interview with Steve Jillings, TeleSign

socalTECH

Steve Jillings has a long track record of running successful startups in Southern California, ranging from such companies as FrontBridge Technologies (sold to Microsoft in 2005 for over $200M) and Vantage Media (acquired in 2007). That ended up as a $200 million sale to Microsoft. In 2011, we had two of our patents approved.

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Interview: Venture Capitalists On Pitching

socalTECH

In any sale--and raising money is a sale--establishing credibility early on is important. Defensibility is also big--we're not interested in the me-too's without some unique IP. You're not trying to make a sale in two minutes. We saw a continuation of 2006 and 2007, where there were too many "me-too" players.