patents

“I did the trademark, the patent, the copywriting, everything to protect my idea. But in fact, all of that that I did, it went the opposite way. I think it ended up hurting me because this man is trying to get on my patent, which I don't even think is worth any…”

“So in the U S you're allowed to file for a patent within one year of publishing your idea.”

“You don't actually need to have ever built your idea before you get a granted patent. You can actually just have a really good design, and it has happened that there are innovators who have come up with great ideas, but who haven't managed to make a commercial…”

“Outside the U S You are only allowed to file for a patent if you do so before you publish.”

“I mean, NDAs, non-disclosure agreements are great, but they're very hard to defend in court. Whereas a patent is an absolute right, and it can be super helpful, especially when dealing with a bigger competitor.”

“Patents are the only legally permitted monopoly right outside of, say, highly regulated utilities.”

“There are even special banks set up that do nothing but give loans to high tech companies on the basis of their patents.”

“No, that doesn't matter. I mean, it really is in your business plan. It really is in how good the attorney at the law firm is that's doing this. And it's in how, you know, good you present the package essentially.”