Update on software patents
A few weeks ago, I wrote a post about my concerns with software patents. In it, I lamented that though companies require patent protection of their innovations, the procedure for acquiring and defending patents has become so warped that it has become difficult to impossible for small, entrepreneurial companies to successfully monetize their innovations.
In yesterday’s New York Times, Charles Duhigg and Steve Lohr authored an excellent and comprehensive article on this topic entitled In Technology Wars, Using the Patent as a Sword. They describe a small company’s quixotic fight to stay in business after 3 decades of working to provide the underlying technology of Apple’s Siri, only to have the company assaulted by a bigger competitor (not Apple) forcing it to be acquired by that competitor after a long, expensive patent fight which the small company won! It’s an excellent treatise on the topic.
As always, I’d love to hear your feedback and thoughts on this topic.