Re:What3Words sends legal threat to security researcher for ...
by lobocinza on Monday May 03, 2021 @09:18PM
(#27033033)
I dislike patents but there's also the element of risk. Most inventions flop.
Re:What3Words sends legal threat to security researcher for ...
by unityByFreedom on Monday May 03, 2021 @09:23PM
(#27033053)
Yes, the above scenario is quite risky. And if the inventor "got screwed" then that's on them for agreeing to sell for a price that's less than the value of the invention. That said, execution is also very important. Ideas don't build companies.
You're Codake, a company that sells chemical photography materials.
Some person invents digital photography, you find out and buy the patent from them for 500K.
Digital photography would hurt your profits so you just sit on it for the 15 years, maybe start designing some products around it in the last 3 years of the patent to be ready for when it expires.
You made more money and society lost out for 15 years, all because the inventor probably wasn't used to seeing large checks and didn't shop around when the largest photography company offered them more money than they ever saw in their life.
Even the inventor got screwed, by selling the patent they got a nice house even though it was probably worth hundreds of millions.