Your Brand, LLC Forums  

Go Back   Your Brand, LLC Forums > BUSINESS & CAREER FORUMS - General Business Topics > What is on your mind, thinker?

What is on your mind, thinker? Open discussion - inspiration, chit chat, news, politics, economy, suggestions and RSS feeds from Thinkers...

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1 (permalink)  
Old 02-01-2008, 08:09 AM
David Sandusky's Avatar
Advisor
 
Join Date: Mar 2006
Location: Denver
Posts: 1,802
Blog Entries: 8
Send a message via Skype™ to David Sandusky
Default Brad Feld RSS Feed: The Software Company Patent Machinery

My RSS Feed is a Thinker and Has Just Posted the Following:

I got the following note from a friend at a big software company that was founded in the mid-1990's.
Having worked at the big companies it has always amazed me the energy that goes into creating the stack of patents.  We have lawyers who we sit down with to go over new products and releases and they generate 10s or 100s of patent filings out of which a few actual patents will end up being granted in a few years.   I have around 40 patents for what I would consider innovative work but 99% of them are just for the things anyone would have to do in order to solve the actual problem.
I find this a disgusting waste of time and energy that runs counter to the notion that patents are supposed to be used to "help promote innovation."
Another practice that I find abhorrent is the BigCo "pay for patent application" approach where BigCo pays engineers a bonus (typical $1,000 to $5,000) for each patent filing.  Not for the patents, but for the patent filing.  This obviously encourages engineers to waste a bunch of their time not innovating but instead cranking out a bunch of stupid patent filings that clog the system.
I think this should be illegal.  It's a complete abuse of the original intent of the patent system.  At the minimum, the patent filing should have to disclose whether any fee beyond normal compensation was paid to the "inventor."  Maybe we can get the 409A and 157 accounting weenies on this - that'd slow things down.




click here to read more from Feld Thoughts
__________________
David Sandusky

like an ad agency, but for people w/ the Strategic Career Plan and Personal Board of Advisors

LinkedIn | Facebook | Twitter | call 303.325.3225
"The greater danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it" - Michelangelo
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 06:56 PM.


Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0