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Tech Giants Bankrolling IP Hoarding Start-Up

Posted by timothy on from the you-scratcha-my-back dept.

theodp writes "Microsoft alum Nathan Myhrvold so strongly believes intellectual property is the next software that he's studying for the patent bar exam. His company, Intellectual Ventures, doesn't actually make anything - only patent attorneys roam the hallways. Myhrvold isn't the only true believer. Microsoft, Intel, Sony, Nokia, Apple, Google, and eBay have contributed to a $350M bankroll which the firm is using to buy up existing patents that can be rented to companies who want to produce real products."

3 of 528 comments (clear)

  1. That sucks by Alcoholist · · Score: 0, Redundant

    Wow that sucks. The last thing the world needs is more lawyers pushing more IP. Surely this will finally grind progress to an end.

    --
    Bibo Ergo Sum.
  2. Ignore software patents by presidenteloco · · Score: 0, Redundant

    90% of software patents are ridiculously
    obvious to any comp sci grad.

    So ignore them. This is junk law.
    This is the rich trying to abuse the law
    to get richer.

    It's bullshyte. Ignore it.

    One-click this, a**hole!

    --

    Where are we going and why are we in a handbasket?
  3. Another day... by payndz · · Score: 0, Redundant

    ...another thing gone wrong with the world, and nothing I can do to stop it.

    --
    You must think in Russian.