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I was once told by a VC to never do a patent search as the money spent on the search and analysis would be better spent on developing the idea. Bad advice?
by diskzero 5y ago
I was once told by a VC to never do a patent search as the money spent on the search and analysis would be better spent on developing the idea. Bad advice?
- sentrysapper 5y agoI'm sure patent trolls would agree with that advice.
- jnwatson 5y agoIt doesn't take much money to search. It does, however, expose you to treble damages due to "willful infringement".
- smt88 5y agoAll advice from VCs tends to be bad, but legal advice from VCs should be dismissed outright. The search is very cheap and easy, and then you can decide if the risk is worth it.
- deleted 5y ago[deleted]
- mike_d 5y agoIf you do a search two things will happen: 1) You are now aware of the patent and continuing to willfully infringe 2) You're going to spend days obsessing on how your idea is different, or they didn't think of this or that, or this tiny edge case convincing yourself of non-infringement. In both cases any patent litigation attorney worth their salt will absolutely murder you. The best part is so many broad patents exist that everything infringes on one.