At Mint, we developed five pending patents on our technology, ranging from categorization to the Ways to Save system that calculates how much a new financial product would save a user given their present financial situation.
Patents have a place in medical science - for new inventions that advance the state of knowledge.
Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And I wouldn't want to be on the receiving end of hacker fury.
There's no such thing as a legal right to break patents in the United States.
Patents are like fertilizer. Applied wisely and sparingly, they can increase growth. But if you apply too many chemicals, or make patents too strong, then you can leach the land, making growth more difficult.
We have more patents on pigmented inks than anybody else.
Imagine: I got patent rights to the only machine in the world to make low-cost sanitary napkins - a hot-cake product. Anyone with an MBA would immediately accumulate the maximum money. But I did not want to. Why? Because from childhood, I know no human being died because of poverty - everything happens because of ignorance.
In my opinion nobody owns the patent on the art form of professional wrestling and the way it does its business.
It almost goes without saying that when you are a startup, one of the first things you do is you start setting aside money to defend yourself from patent lawsuits, because any successful company, even moderately successful, is going to get hit by a patent lawsuit from someone who's just trying to look for a payout.
Patents are being used to wage war in the digital world, and as a result, patents have become a toll gate on the road of innovation.
