A recent Tech Crunch article, The Terrible Costs of Patents, created some conflict for me. The jest of the article references the high cost of patenting technology products. Companies like Google and Apple, and start-ups alike, spend exorbitant amount of money to use as or to protect from the weapon “against the rising tide of patent litigation”. But when you realize that technology products, or anything you can think of, comes from the ideas of others. (Read Where Good Ideas Come From, by Stephen Johnson, to help you see the picture.)
From the TechCrunch article:
Patents were originally conceived to protect inventors—people and companies who contribute to the advancement of society by creating new products. But in the past decade, something went horribly wrong. Patents have increasingly became nothing more than financial and legal weapons, to be amassed in portfolios by “non-practicing entities” (i.e. patent trolls) and used to extort protection money from economically productive companies.
And of course, patent trolls have a 55.6 percent success rate in cases in the Eastern District of Texas. Is this the way Texas has become an entrepreneurial state?
What do you think?