One of the things I keep hearing some advisors saying is that VCs won’t invest in your startup (or at least are much less likely to) if you don’t have any patents, becuase patents protect your innovation. In turn, this meme is used by patent capitalists (like disaster capitalists only more active) to justify their assertion that patents promote innovation. Well, here’s one of the most respected VCs I know saying that’s just not so.
Looks like Scott is about to get back into directly running a business again. Wonderful!
For those random text applications, try something a little meatier next time.
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