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Startups must build IP portfolios once they reach billion-dollar valuations

Demetrius Giannoccaro · 696: The Debate: Are Patents "Entrepreneurial" Or Unfair? · Jun 20, 2017 · at 5:41

Demetrius Giannoccaro, founder of patent SaaS platform IAMIP, argues that patent defense becomes essential as startups scale into billion-dollar companies.

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“Regardless whether you're a Snapchat or let's say that you're Uber, you need to file patents because in the end of the day, as long as you're small, nobody will care if you do whatever they do. But once you start to become the huge billion valuated company, you have to create your IP.”

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Demetrius Giannoccaro Jun 20, 2017 ▶ 3:09 696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
Assertion Not checkable as stated
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Demetrius Giannoccaro Jun 20, 2017 ▶ 5:03 696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
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“Currently zero.”
Demetrius Giannoccaro Jun 20, 2017 ▶ 12:06 696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
Insight
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“You know, one of the most common problem within large corporations is that the employees don't even know which type of patent the company have. And that's actually the reality.”
Demetrius Giannoccaro Jun 20, 2017 ▶ 3:35 696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
Assertion Not checkable as stated
IAMIP reached $60,000 in monthly recurring revenue after three years
“It was three years ago, and today we have reached an MRR of approximately 60,000 US dollar a month.”
Demetrius Giannoccaro Jun 20, 2017 ▶ 6:19 696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
Assertion Not checkable as stated
Thirty percent of IAMIP's paying customers are Fortune 500 companies
“And I would say 30% of these customers are among the fortune 500.”
Demetrius Giannoccaro Jun 20, 2017 ▶ 7:01 696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
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