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As Patent Wars Escalate, Business Booms for Those Who Can Predict the Odds

from The Verge

Over the last decade the number of patent lawsuits filed in the United States each year has exploded. A new study found that "patent trolls" now cost American companies about $29 billion a year. The number of defendants named in these lawsuits has more than tripled in the past five years, and range from major corporations to fledgling startups. For many in the tech industry, this has become cause for serious concern. For LexMachina, the patent crisis is a massive business opportunity, and the company has just raised $2 million led by X/Seed Capital to expand its operations. "The common wisdom when companies are hit with a patent lawsuit is to settle, because you don't know things will go in court," explains CEO Josh Becker. more

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