Re:EFF is countersuing a patent troll that wants its name re...
by CobrastanJorji on Friday April 14, 2017 @07:08PM
(#14118098)
Downside: an individual who made an important discovery and patented her invention and licensed her technology to large companies would not be able to access her money for 17 years.
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Re:EFF is countersuing a patent troll that wants its name re...
by caf on Friday April 14, 2017 @07:36PM
(#14118295)
Presumably you'd be able to get a loan secured against the escrowed revenue. If this actually happened you'd no doubt see specific tailored financial solutions for this.
Re:EFF is countersuing a patent troll that wants its name re...
by FireBeyond on Friday April 14, 2017 @08:37PM
(#14118610)
Like you can get a loan or advance against annuities and settlements now?
Where the _best_ of these will take fifty per cent as a fee?
Sounds a great deal.
Re:EFF is countersuing a patent troll that wants its name re...
by YokoZar on Friday April 14, 2017 @08:50PM
(#14118671)
If half of all patents are known to be bogus then yeah, that'd be a fine deal.
Re:EFF is countersuing a patent troll that wants its name re...
by __s on Saturday April 15, 2017 @09:53AM
(#14120709)
So as an escrow company I should also fund the creation of bogus patents to increase the rates of my business model
Re:EFF is countersuing a patent troll that wants its name re...
by caf on Saturday April 15, 2017 @11:35PM
(#14124197)
This makes no sense, because the only reason a higher proportion of bogus patents would increase the interest rate charged is because it would increase the risk that the patent returns very little in revenue (the higher interest rates aren't increasing profit, they're covering higher risk).
I think what'd you'd actually see is specialist patent funding actuaries and patent evaluators making an interest rate bid dependent on the actual patent and inventor in question, much the way insurance industry works. The direct competition would be business loans, and maybe that'd be essentially what they were - secured business loans.
Re:EFF is countersuing a patent troll that wants its name re...
by musesum on Friday April 14, 2017 @11:16PM
(#14119166)
A friend sold a company to a Dot Com for stock at its peak. S/he factored the strike price. During the waiting period, the stock tanked. So, s/he got significantly more than what the stock was worth.
Re:EFF is countersuing a patent troll that wants its name re...
by musesum on Friday April 14, 2017 @11:10PM
(#14119148)
I wonder if a variation of cut-and-choose would work? Choose your own timeframe. 5 years, 17 year, whatever makes sense to release the escrow.
Lets say the USPTO uses Deep Learning to discover prior art and/or result disputes. A shorter time frame may be less risky for the inventor. After the escrow is released, there is no recourse for the licensee.