Bringing a new company into the world means manifesting a great idea while simultaneously persevering through a number of risks and struggles. You have to recruit a team of people who want to work together, convince outside investors to support you, defend against competitors, and more. In most cases, these hurdles serve as a Darwinian funnel that makes the ecosystem better and optimizes the allocation of resources.
Defending against frivolous patent litigation, however, is not one of those hurdles and instead functions as a punitive and unfair tax on the ecosystem.
In the worst cases, a damaging suit can stop your company before it even gets started. Most of the time, companies settle out of court to avoid facing that risk, even when they believe they are on the right side of the law. They pay the toll to pass the troll. Even if your company is lucky enough to avoid being on the receiving end of a suit, you still must spend time mitigating the possibility by assembling a defensive patent portfolio.
Today, we’re joining the LOT Network — along with leaders like Google, Dropbox, NewEgg, Canon and SAP — to fight back against patent abuse.