How to answer the ‘patent protection’ question?


VentureLynx

by Kamal Hassan

I sometimes answer questions at OnStartups. One recent questioner asked “what intellectual property protection do you have (for your web application)?” This was the same question that I got asked over a year ago on BNN’s ‘The Pitch‘. It was especially funny to me because the investor who asked it turned me down in a previous hardware business which had five patents. As you can imagine, I have replayed that moment over and over in my mind trying to come up with a great answer. I haven’t been able to come up with one.

I think this question says something about the investor rather than about your business.  

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