No, Giving More Patents To Startups Won't Increase Innovation
from the not-this-again dept
This really isn't much of a surprise, given earlier statements from both President Obama and Commerce Secretary Locke concerning patents, but it's still a bit disappointing to see that one part of the latest administration plan to jumpstart more entrepreneurship is to make it easier for them to get patents. This is based on a falsehood: that entrepreneurs need patents to build businesses. This is a claim made up by patent attorneys that has little support in the reality of the trenches in places like Silicon Valley. While it does depend on the business you're in, good VCs rarely care about patents, since it's rarely the patents that matter. Entrepreneurship is all about the execution, and that's determined by the team, not some piece of paper. Instead, by making it easier to get patents, we just end up with more bad patents that make it harder for entrepreneurs to actually execute. What a shame.