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Hello, Im parenthetically Andrew Heaton and youre watching Mostly Weekly. And today were going to talk about patent trolls. Theyre like regular trolls, only balder, paler, and prone to lawsuits. Patents are the legal equivalent of dibs. Or a temporary monopoly that the government awards to inventors, so that after theyve developed a new technology theyre rewarded for their efforts. But patent trolls are gaming the system, to the point that the patent system is holding back innovation instead of encouraging it. Patent trolls buy or register stupid or vague patents. Then when someone invents something awesome they claim the inventor is using their patent, and they sue. That creates a minefield where inventors are afraid to create things for fear theyll step on a patent and blow their legs off. Trolls cost US firms twenty-nine billion dollars in lawsuits every year. And the threat of lawsuits strangles startups and hampers innovation. Like this, or this, or this, its good for fat
