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Archive for July 5th, 2014

If you still think that the patent system (be it in the US or in Europe) is benefitting society (or at least the economy), think again after reading this hard proof:

Turns out there is a very real, and very negative, correlation between patent troll lawsuits and the venture capital funding that startups rely on. A just-released study [PDF] by Catherine Tucker, a professor of marketing at MIT’s Sloan School of Business, finds that over the last five years, VC investment “would have likely been $21.772 billion higher… but for litigation brought by frequent litigators.”

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