According to a new study by a professor at the MIT Sloan School of Business, patent trolls cost startups $21.772 billion in lost venture capital funding over the past five years.
The study specifically focuses on actual patent trolls — companies that file 20 or more patent lawsuits — not on companies that that just occasionally sue to defend their patents.
According to paper author Catherine Tucker, higher quality patents — such as those that would get approved in Japan or the European Union — are associated with a lower level of litigation.
So one solution to the problem is to stop awarding junk patents for dubious or obvious “inventions.” Another solution, she suggests, is to make it more expensive to file a patent infringement lawsuit.
Check out her author page on Amazon or follow her on Twitter, Facebook, or LinkedIn. Her first virtual world novella, Krim Times, made the Amazon best-seller list in its category. Her second novella, The Lost King of Krim, is out now.
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