Wednesday, February 17, 2010

NYTimes: Turning Patents Into ‘Invention Capital’

"Nathan Myhrvold wants to shake up the marketplace for ideas. His mission and the activities of the company he heads, Intellectual Ventures, a secretive $5 billion investment firm that has scooped up 30,000 patents, inspire admiration and angst.

Admirers of Mr. Myhrvold, the scientist who led Microsoft’s technology development in the 1990s, see an innovator seeking to elevate the economic role and financial rewards for inventors whose patented ideas are often used without compensation by big technology companies. His detractors see a cynical operator deploying his bulging patent trove as a powerful bargaining chip, along with the implied threat of costly litigation, to prod high-tech companies to pay him lucrative fees. They call his company “Intellectual Vultures.”"

1 comment:

Beatrice said...

After hundreds of mosquitoes (which were kept in the hotel bathroom until showtime) were released into a glass tank, a laser tracked their movements and slowly shot them down, leaving their carcasses scattered on the bottom of the tank. While the demonstration was slowed down for public viewing, Mr. Myhrvold said that normally the lasers could shoot down anywhere between 50 to 100 mosquitoes per second.