Hearing Union Square's Wilson and Burnham argue for an independent invention exception is very disappointing. By a VC's very nature, they are putting in institutional smart money. Therefore, they should expect to play by the rules of institutional investors. If your portfolio co's don't have patents, then tell them to spend the $10K and get started.
Patents are not like Copyrights. No reason exists for an independent invention exception. Patent trolls are not without major flaws, but gutting patent law with this type of exception lets the fox in the henhouse more than it protects anybody. I would buy this argument from an unfunded entrepreneur, but not from a VC or a VC backed company. Disappointing and disingenuous from them.
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patents - independent invention lunacy
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