patents

“Like, what I would argue is, like, the further down the stack, the more useful the patents are. Like, patents at the level of chips or radios you know, can be, or, you know, I don't know, memory or something like that can be incredibly valuable. Patents at the…”

“We, you know, for example, when we make investments, we ask about patents, but it's like a side item. Like, it's never actually core to any investment, because anyone who's built a company knows it's a dynamic process.”

“We, you know, for example, when we make investments, we ask about patents, but it's like a side item. Like, it's never actually core to any investment, because anyone who's built a company knows it's a dynamic process.”

“China was incentivizing people in their prisons that they would give them shorter prison sentences if they were able to file patents.”

“The average smartphone is covered by 250,000 patents. The average drug by 30 or 40 patents.”

“The only thing that patents really do is protect you on the downside. And if you're protecting on the downside at the beginning, you've, again, I think you've just done something wrong.”

“I think it's actually led to a really dangerous culture in the Valley and in tech companies in general, where there's this pressure to get as many patents as possible, as quickly as possible. And then what you end up with is a bunch of really crappy patents an…”

“In our business and software, obviously there is a complex matrix of patents in some cases where you really need it. But At the end of the day, a lot of the defensibility and moats, we're looking at our network effects.”

“The intriguing thing is about, ah, data network effect never goes off patent.”

“And you have an interesting barrier to entry that is far superior than something like patents.”

“Part of it is Explaining issues to people in terms of not what you're promising, but what you're actually delivering, but coming in with concrete data in terms of there are 206 people employed in your district. And they're very concerned about your position on…”

“Data network effects never go off patent. They just get stronger and stronger and help companies grow even after, even decades after.”