Re: Intellectual Property Valuation
« Reply #1 on: Dec 13th, 2005, 11:13am »
|Yet not all patents are valuable, and very many are worthless. Unless companies can now move to differentiate the mission-critical from the moribund, the currently excessive valuation of intellectual property could turn out to be the bubble of this decade. |
Yikes! Yes, many patents are worth little, but some are really really valuable. As I lived through and watched the dot-com bubble grow and burst, I watched as investors couldn't discern the valuable from the not valuable.
At first, all e-biz was perceived as valuable (because the investors didn't know better). Life was good (for me, a software patent attorney). Then, e-biz was perceived as not valuable (because the investors didn't know better). Life was bad, or at least nowhere near as good as before.
I think investors are starting to be able to tell valuable e-biz propositions from the not so valuable ones. Advertising revenue on the 'net is on the rise. Life is better.
But, man, I'd hate to go through another market shake-out like that one!
But one thing I don't understand is why patent valuation hasn't been figured out yet. They're not exactly new. US patents have been around for over 200 years. Hey, here ya go: "System and method for meaningful valuation of US patents"! I'll get working on that right away!