How would you protect your startup against patent trolls?

Here are a few ways that you can protect yourself before and during the process of interacting with a patent troll.

• Have an IP lawyer in your corner.
• Follow due process in protecting your own intellectual property.
• Join a group or organization that specializes in protecting against patent trolls.

What is a patent troll lawsuit?

A patent troll is a derogatory term used to describe a company that uses patent infringement claims to win court judgments for profit or to stifle competition. The term may be used to describe a number of business activities that utilize patents and the court system to earn money.

Do patents Slow innovation?

Economic research suggests that these litigation costs and license fees burden innovative firms to such a degree that on balance the patent system discourages innovation.

What are the sources of capital for high-growth startups?

High-growth startups typically rely on several sources of capital at different stages of the startup process. Early on, the startup relies on friends and family funding followed by angel investors and venture capital firms.

How do you grow a business and keep it growing?

In order to continue growing, the company will need to expand to a second location, purchase duplicate equipment, hire new staff and new managers, and market the business. While this growth is achievable, it is not an operation that is easily scaled.

What do Growth Investors need to know before investing?

For any business to grow, they need a large target market to hawk their wares to. For growth investors, the companies that are serving huge markets are the ones to go after. The bigger the pool of potential customers the greater the chance of success there is. For example, consider Apple and the iPhone.

What are the 4 steps from startup to growth stage company?

4 Steps From Startup to a Growth-Stage Company 1. Stay focused on what sells best. 2. Then innovate and expand strategically. 3. Let processes and products take center stage. 4. Build your brand. Leaping into the future.