Patent

Definition of Patent

A Patent is a property right granted to an inventor to exclude others from making, using, offering for sale, or selling the invention for a limited time in exchange for public disclosure of the invention when the patent is granted.
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Many VCs (venture capitalists) like patents because they offer a barrier to entry to future competitors. However, having a patent does not guarantee anything; patents are routinely dismissed in patent litigation. Having said that, patents in and of themselves tend to have a value. There are many patent aggregators who buy patents, and a company can be acquired simply because its patents are viewed as being strategic by the acquiring company.

Patents are part of a larger body of work called intellectual property that looks at how ideas are protected.

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.