Tech Press Falling For Intellectual Venture's New Spin
from the just-reprint-the-press-release dept
The press doesn't need to out and out call IV a troll, which it is, but you'd think that anyone reasonably versed in the space would at least acknowledge the controversy over the company. The idea that it "works with technology businesses to drive innovation" is laughable. It does no such thing. Nothing IV has ever done has helped drive innovation forward. This American Life tried very, very hard to find a single example of Intellectual Ventures actually helping move innovation forward, as opposed to just shaking down companies to get them to pay up, and came up empty. Even the examples IV gave to the reporters from TAL turned out to not live up to their own claims, but rather were more cases of blatant patent trolling: taking highly questionable patents, and getting companies who almost certainly don't infringe, to pay up because it's cheaper than a lawsuit.
To position Salesforce.com's deal as some sort of cheery arrangement that somehow helps Salesforce.com is laughable. Salesforce.com just paid many millions of dollars to basically not be sued. That's many millions of dollars that won't be going into improving its products and services. There's news here, but it's not what's being reported.