Backed By Google Ventures, LevelUp Battles Patent Trolls

Backed By Google Ventures, LevelUp Battles Patent Trolls

This article describes the nature of patent troll firms and current efforts to prevent trolls from stoping innovation.  A patent troll is a firm or lawyer that specializes in obtaining patents in order to collect license fees but does not produce or manufacture any tangible products.

This is business model brings about numerous ethical issues but the biggest issue that it brings up is how much it damages innovation within our country.  “Boston University law school study estimated that patent trolls cost US companies about $29 billion.”  If we continue to sue those who are trying to create startups and innovate we will hinder our country from development in engineering and software development industries.  On the other side of the coin, if we become too restrictive about patent laws we may loose the protection that startups need to survive.  

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