The patent system is a trade-off. We get the 'good' of an invention in exchange for the 'bad' of a temporary monopoly on that invention.
More Quotes from Josh Lerner:
The probability of VCs investing in a start-up is far less likely than it was in 1999. And that's bad news for entrepreneurs.Josh Lerner
Our standards-setting process risks being corrupted by having people filing for, and getting, any patents they want. That poses a real danger to the effectiveness of innovation.
Josh Lerner
These are not anarchistic things when you look at successful open-source projectsthere is real structure, real checks and balances, and real leadership taking place.
Josh Lerner
They still have to have vision, the ability to undertake an ambitious project, to leverage resources, to manage financing. We thought it would be very useful for the students to look at a situation that was very different from the normal one.
Josh Lerner
It's clearly more challenging for entrepreneurs seeking VC funding for the first time.
Josh Lerner
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Based on Topics: Discovery & Invention QuotesIf I ever complain about yachting around the Mediterranean with Madonna, who I just idolized as a child, I should be slapped across the face.
Elizabeth Banks
The military has been tremendously important in the past during catastrophes and in protecting the population. But it shouldn't become an auxiliary police force.
Otto Schily
Bravery is being the only one who knows you're afraid.
Franklin P. Jones