June 3, 2008
News - Problems with Intellectua…
about 6 years ago
Does anyone actually know of a patent that is making themselves (or someone very close) any >>money?
Yep, a good friend of mine secured some IP maybe 15 years ago for a rather simple but very useful electronic device, and not only does he continue to receive licensing royalties, but he used the initial proceeds to pursue more ideas, one of which just recently turned into a $200 million deal. Seriously. So, yes patents can make you money, but it’s rare…the “statistic” i hear time and again is that 99.9% of patents make money for no one except the filing attorney(s).
No public wish lists :(
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