Intellectual Property

“It is going to be company IP. It is going to be the true differentiator or the moat in this new world.”

“And I think increasingly companies are starting to realize that they need their employees to be patriotic. That is the. Your employees need to think it's an evil sin to sell IP to China, and that the, your co-workers will rat you out in a heartbeat if they thi…”

“If you look at the value capture, most amount of value capture happens on the IP level. We need to export IP, not export services. Services are fungible, services are automatable in the modern world.”

“And then what's really going to happen is China will sell our art back to us. So they're going to steal it all anyway, because they don't care. And they're just going to basically come back to us with these models, which we've seen with DeepSeek and everything…”

“So that's why I would say every company having private evals may be the biggest IP, right? I think about it like what's that private eval that you can then use even a frontier model to hill climb on and not leak the traces. Maybe one of the biggest drivers of …”

“And if you look at our tech strategy itself is all in-house tech most of it, that's how we solve our technology problem. So the reason why we do that is also because of IP. We want to control our IP.”

“If you just compile, I guess you don't need their, like, IP necessarily to create something that's maybe not perfect, but good. A lot of people who spend a lot of time sharing their thought leadership who are doing interviews, I mean, there's nothing, you can …”

“Part two, we're, I think we're going to see a groundswell in how intellectual property is dealt with. A groundswell change in how IP is dealt with. Because there was, for a long time, it's been publish or perish. Get your stuff out there. Get it into journals.…”

“If you are just manufacturing for somebody else, they will have to go to the owner and say, boss, can I sell it or not? And again, what happens is, the product evolved, and now it is evolving very fast. Three years later, you'll again go and beg into the door,…”

“Invariably, the foreign guys select people who are very dumb, who will just take the tech and manufacture, not try to understand, absorb it like, you know, the China does. So they don't want to absorb it. They would just want to be the dumbest of the dumbest m…”

“The interesting thing about VO three is there's no IP restrictions, at least on cartoon characters. Yeah, on real people, there are. On cartoon characters, there are not.”

“Yeah, I was like, everything here is like hinged on the government protecting IP, and by the way, it's already too late.”

“So there was a competitor that sued us for patent infringement. That was the first lawsuit. I woke up to receiving that notification. And then the investor that I had piled on, he filed a state lawsuit and then my uncle. My uncle's attorneys filed a lawsuit on…”

“In the world of retail is essentially a trading business. You're buying from someone, selling to someone else. There is no IP you're creating. There's no IP that you own. And if you don't have your own IP that, as a business model, it's always going to be weak…”

“That is going to be more and more of an issue going forward because these models, one person who has a chance to share information about how something is done that is a piece of either business process or IP, one person, and that is now not just out to, you kn…”

“I absolutely am still hearing though, from companies that are my clients that work with that partner with Chinese manufacturing that, that is the intellectual property thing is still a major issue. It's still a big concern where, You know, you hire a Chinese c…”

“I think the new corporate system of financing films and owning IP is also is also being a game changer now because of OTT. Because of social media. So IP is a big game right now. As it is everywhere.”

“Intellectual property is the least valuable it's ever been, right? More people develop things now via trade secret than patents. The whole patent system has become a little bit of a game.”

“Typically, this is more of a concern that's in people's head than it is in reality.”

“You can make money, but you're never gonna get, make a huge amount of money. The real money comes in the creativity. You know, if you look at, you know, the stars of musicals like Andrew Lloyd Webber and so on, you know, they're billionaires. And rightly so, b…”

“This is something that isn't talked about enough in the world of creators is intellectual property frameworks, methodologies, because you do that well, you can build a whole business on the back of that because you put the thought into making something great a…”

“If you're working on intellectual property, Don't put it in a Google drive, an Amazon drive, anything else. You need to keep that local, right?”

“And I think in some ways it's getting even slipper, slipperier as far as what are the boundary lines around what I wrote versus what I, what ideas I borrowed from things I've seen elsewhere or got off the internet.”

“Because it's too much work to examine every possible site where something like that might be used, you then, you need to go, go up one level and you know, have kind of rating systems, let's say or, you know, so third party evaluators that look at sites, look a…”

“And the thing about, talking about this with the internet, like the internet is completely interoperable, At the lower levels of the stack with IP and HTTP and SSL and so on. But once you're in the browser, like if you're building Amazon, you don't need to wor…”

“And I think what we found is that when you do that, you're really empowering creators and the hive mind and the network effects and all of the benefits that you get from that are so much more powerful. Like you get to Disney levels of empathy and belovedness f…”

“And as buyer counsel, the truth is that, like, we only care about the intellectual property that really is, you know, really kind of necessary and compelling for the business, right? Like, we want to know your patents. We want to know your trademarks. We want …”

“They might have intellectual property that prevents someone from directly copying what they're doing, but they can't stop all of these other people who could generate nominally the same performance from pursuing what they're pursuing.”

“And I think that's kind of the same aha moment I'm having with a lot of, like, Hollywood productions where you're either, like, Very guarded or unguarded, and the ones that are going to win are going to be unguarded.”

“My view on the whole is that you shouldn't worry about it. You should, if necessary, sell the stuff to them, because if you can keep ahead, if you can Use your advantage to be smarter. There's no reason you can't just maintain your advantage indefinitely. You …”

“I think building something to solve a problem at your current company without having pretty explicit permission by that, I mean, something in writing is not a good recipe.”

“Outcomes are what matter, and the main thing that goes into those outcomes is the intellectual property. It's the faculty, it's the content, it's the curriculum, the pedagogy, and the experiences that the students have.”

“Well, China is not only using human assets, as you just described plants or moles, but they're also using cyber tools, as we know, to steal intellectual property and exfiltrate data.”

“Sometimes one needs to go through these rites of passage. To understand the importance of ownership of intellectual property, the importance of owning, having a majority share in your own company, or even all the shares in your own company, and not charging en…”

“There's creating what you do, and then there's continuing to own what you do, and those are tough things to Do at both times unless you know how to protect yourself and contracts and so forth.”

“What's your IP? You don't want to outsource that at some point. If you do, you're pretty much just a marketing company.”