Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

In this inspiring talk, entrepreneur Drew Curtis explains how he and his company, Fark, outsmarted a “patent troll.” His anecdote extracts lessons, offers tried-and-tested advice, and identifies problems with the legal system. getAbstract recommends this lecture to all CEOs – particularly small-business owners, who are most vulnerable to wily patent trolls’ sinister deeds – and to anyone interested in creating a fair legal system.

Summary

In January 2011, Gooseberry Natural Resources sued Yahoo, AOL, Reddit, Fark, and other news sites for sending “news releases via email,” an activity Gooseberry had patented. That might sound absurd, but that’s how “patent trolls” work. They patent something that already exists, but for an “emerging technology” – for example, radio transmissions for mobile devices. The opaque patent system allows for such situations to occur. These conflicts mostly end in out-of-court settlements. Usually, a nondisclosure agreement forbids parties from divulging the details of a case, so patent trolls can allege to have won.

About the Speaker

Drew Curtis is founder and administrator of Fark.com, a major news aggregator.


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