Research find Patents are Worth It

As reported in Businessweek SmallBiz Summer 2005 edition, Ronald Mann, co-director of the Center for Law, Business & Economics at the University of Texas School of Law (does that title even fit on a business card?) found that indeed patents were worthwhile.

Mr. Mann found a strong correlation between the pursuit of patents and the later success of startups in software companies. Startups WITH PATENTS are FOUR TIMES as likely to go public than those without and they are half as likely to fail. Software companies with patents received on average 11 million dollars more in financing than those software companies without patents.

The trends were similar for biotech companies with those with patents fairing much better than those without.

So what can we take from this: patents aren't going to help a company with bad ideas, concepts or products. They are not a panacea. However, patents will make companies with sound business models, products and services more attractive to potential investors. And with more money a company is better able to whether the ups and downs of launching a new venture thereby increasing its ultimate chances of success.

Ciao

Is ANYBODY Listening?

ah... I mean reading this blog. My partner have poured our blood sweat and tears into this Blog and we are wondering if it is worth it.

OK, we have not shed any tears over the blog. At least I haven't, you have to ask my partner about that one.

You got me: I have not really shed any blood over the blog either!

And yes, our offices are air conditioned so perhaps I have not sweat much if at all concerning this blog.

Anyhow, none of that is the point and I am sorry I used that terrible cliche in the first place.

If you are reading this blog and you appreciate (or don't appreciate) the content, let us know. Email me at kurt@lld-law.com and tell me what you think. Also, you can email my partner at peter@lld-law.com. Now, if you email Pete, I suggest you tell him that you want to see more entries from him (he has only posted 2 in two months).

Ok, now I am going to sit back and watch the emails fly in... Till next time.