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founding a company exciting time its a busy time and theres a lot on your plate one of the things you have to pay attention to is intellectual property I know its a little bit geeky but its important to your business its important to the success of your business and you have to pay attention to it really in two respects the first is if you care to think of it as offense you need to be developing your own arsenal of IP assets that you can use to defend your position in the marketplace the other side think of it as defense if you like you need to pay attention to avoiding infringement of other peoples intellectual property there are smart people too and theyre working hard and theyre developing their own arsenal of IP assets just to give you a problem recent study found that over half of patent lawsuit defendants have annual revenues of less than ten million dollars so if you think that youre below the radar screen and you wont get noticed youre wrong they will find you they