Facebook: IP matters
Firstly, 360-2020′s patent claims cover over 30 unique and proprietary features. Secondly, I was recently involved with some friends’ scoping of a social network as well as at various IP conferences as part of my analysis about how to deal with one aspect of Project ART. There seem to be three schools of thought on IP:
(1.) There’s no point filing anything.
(2.) Let’s just build it with no project plan, no contractual responsibilities between the founder(s) and maybe look at filing something after the product launches.
(3.) File everything NOW.
It really boils down to the founder(s) preferences and how much they’re prepared to spend to file IP and enforce it. It also varies according to whether the founder(s) believe their product is unique, the market opportunity is sizable, whether they want to use the IP as leverage to attract investors, the likelihood of the patent being enforceable and how much they could earn from licensing their product. For example, there is little point IP filing a typewriter in this day and age when people are migrating towards touch mobile devices where they don’t have to change the ink ribbons or to buy paper or swap the carriage. Equally, there are valid reasons to IP file any pharmaceutical which can cure cancer, aging or diabetes. The different applicability and the sizes of the markets means that the IP considerations are different.
There is no black+white, hard+fast, do-this-and-you-will-become-billionaires rule about IP or about Internet entrepreneurialism. As with Life itself everything is in shades of gray or rainbows and some things simply happen out of coincidence rather than deliberate planning.
Still, I read with interest that Facebook has had patents granted for its newsfeed and user affinity towards applications:
* http://gigaom.com/2010/02/25/facebook-granted-news-feed-patent/
* http://www.readwriteweb.com/archives/facebook_granted_patent_on_the_news_feed_-_this_co.php
I know that some of my friends don’t believe in IP so the Facebook patent may give them some pause for thought, and maybe they’ll realize that when I say that it should be considered I do so in the interests of protecting them from themselves.
Serious investors are unlikely to be interested or to get involved if what to do about IP has not even been considered.
That’s what’s happening out there.
