Demetrius Giannoccaro, founder of patent SaaS platform IAMIP, discusses why early-stage startups need patent protection strategies with host Nathan Latka.
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“Because in the end of the day, once they're about to get acquired by Google or whatever that might be, the only actually tool that they will have in the conversation will be how good IP they have, of course.”
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More from Demetrius Giannoccaro
Insight
Startups must build IP portfolios once they reach billion-dollar valuations
“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, yo…”
Demetrius GiannoccaroJun 20, 2017▶ 5:41696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
AssertionNot checkable as stated
Facebook files defensive patents solely to avoid being blocked by competitors
“They file a lot of patents, and the reason why they do it is because they want to make sure that no one else will infringe on them or Maybe stop them for offering a service.”
Demetrius GiannoccaroJun 20, 2017▶ 5:03696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
AssertionNot checkable as stated
IAMIP has had zero customer churn since its inception
“Currently zero.”
Demetrius GiannoccaroJun 20, 2017▶ 12:06696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
Insight
Corporate employees often do not know what patents their firm owns
“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 GiannoccaroJun 20, 2017▶ 3:35696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
AssertionNot 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 GiannoccaroJun 20, 2017▶ 6:19696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
AssertionNot 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 GiannoccaroJun 20, 2017▶ 7:01696: The Debate: Are Patents "Entrepreneurial" Or Unfair?
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