Filing patents early can lead to challenges for startups as market demands shift and ideas evolve. Founders often grapple with whether to continue investing in patents that may no longer be relevant. An effective IP strategy requires founders to assess the value of a patent at various stages, including drafting, prosecution, and maintenance. It’s crucial to determine if the patent aligns with core business goals, the expense of legal processes is justified, and if it still offers competitive advantage. Many startups neglect these evaluations, leading to unnecessary financial strain.
Patents are often filed early, before a startup knows what the market really wants. Abandoning a patent midway can feel like giving up.
Many startups keep prosecuting every idea, paying rejections, annuities and attorney fees. A smart IP strategy means knowing what to keep and what to walk away from.
When drafting, consider whether the invention aligns with your core business or is just a side experiment that may never get to market.
Evaluate whether it's still worth the legal wrangling, as each round of argument is costly. Ask if the patent still supports your product.
Collection
[
|
...
]