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I want to become a patent troll and make free profits. Whats involved?

Hugo Drax

Hugo Drax

Diamond Member
So do all I need to do is create a bunch of very generic patents, not do anything with them and sue anyone figures out how to actually build something that might touch on my vague patents? Wait till they profit and strike like a vulture?

is there a Patent Troll for dummies?

ie: Patent the use of electrons to move data over metallic cable.
 
You've got to spend money to make money. In this case, on patent lawyers. D:

Also, I hear it's not as easy as it used to be:

Ars Technica said:
The VirnetX v. Apple showdown may be one of the last of its kind in which a "patent troll"-style company is able to wrest a nine-figure jury verdict from a tech company. Patent trolling still abounds and is increasingly concentrated in East Texas. But the ability to get huge verdicts has been dampened by changes in case-law, particularly the Supreme Court's 2014 Alice Corp. v. CLS Bank decision that made it easier for defendants to get software patents thrown out of court.
Click to expand...
 
Speak to Sho Nuff maybe.

I doubt you will get a good feedback about the plan though.

Probably wouldn't get much feedback at all 🙂
 
Trademarks are the new IP troll thing now.

Some random youtube channel decided to trademark the concept of being able to do "reaction videos". So they trademarked the word react. The youtube community went into outrage and they decided to redact - but it comes to show how broken the IP system is because it went through. Well, there was a last phase left before it was official. They also had other trademarks like more specific reacts like "elders react". So nobody else is allowed to make a video with that in the title. A lot of people were getting their videos taken down for having the word react in it.

So that said, just trademark the word parody or something.
 
Patent the idea and method of patent trolling. Wait a few years.
...
Profit.


:hmm:
Would that actually be possible?
 
-Get in with some asshole millionaires that will loan you money to be an asshole.
-Set up a company that only exists to buy broke or bankrupt companies that own IP that allows for something exclusive.
-Sue people with the IP of the bankrupt companies, and increase the price of the broke companies' products by a few thousand percent.
 
If you do trademark or patent something it helps if you open a company with that name too.

For example start a company called Parodee Videos and trademark it. You can then start sueing people who use the word Parody Video in their video titles, as it sounds like Parodee. Heck you don't even have to sue, if you stick to Youtube because it's a super easy target for IP trolling, all you have to do is claim ownership and monetize it. I think as a right holder you can choose if it gets taken down or if it stays, but you monetize it.

Actually this is sounding like a good idea, scratch that... let me go register my company...I THOUGHT OF IT FIRST!


You can also just patent trivial stuff that people did not think of patenting. Drones are all the rage right now, so patent the concept of counter spinning propellers, because most quad copters have props that turn in an opposite direction as the other. I think it helps stabilize it. I doubt any of the major drone makers have thought of patenting that, because it's just so trivial. you can also patent shapes, a lot of drones seem to have the same look as the Phantom. So patent that shape. It worked for Apple. (rounded corners)

You need lot of money to get started though. Patents arn't cheap. So you either take a loan and risk that it does not work, or you get some rich investors involved.

The more I think about it, the more I think we actually need more IP trolls. If there is enough of them maybe the government will actually do something about it and revamp the system when it starts to affect even big corporations.
 
From what I understand, you don't actually sue people for violating your patent in the sense that you could win a case in court. You send out "settlement" letters or threats to sue. Tons of them threatening people who are clueless about the law, can't afford to go to court, or afraid of being sued for real and losing. You send these to people/companies who have done things that vaguely resemble your patent.
 
Go ahead and patent and prototype a sexable toaster. Then wait.

Because you know that day is coming. Oh yes, it's coming.
 
there are at least a few "patent trolls" that are publicly traded and you can invest directly in them by buying stock.
 
Imp said:
From what I understand, you don't actually sue people for violating your patent in the sense that you could win a case in court. You send out "settlement" letters or threats to sue. Tons of them threatening people who are clueless about the law, can't afford to go to court, or afraid of being sued for real and losing. You send these to people/companies who have done things that vaguely resemble your patent.
Click to expand...

On top of that, the "companies" that do this aren't really companies. They are created with some meaningless name and 0 product, after purchasing a portfolio of various patents from scads of defunct companies; and for he express purpose of patent trolling.
 
Imp said:
From what I understand, you don't actually sue people for violating your patent in the sense that you could win a case in court. You send out "settlement" letters or threats to sue. Tons of them threatening people who are clueless about the law, can't afford to go to court, or afraid of being sued for real and losing. You send these to people/companies who have done things that vaguely resemble your patent.
Click to expand...
It sounds like the tactic used by the worthless parasites responsible for email spam: Keep the per-message cost low, so even if your "bite" rate is <1%, you'll still be making bank.
 
Lots of good idea, I suspect I might have missed the bus. But the Trademark stuff sounds viable. Even shapes can be patented? That's weird.

yeah if you send enough of these letters with a 1000 dollar settlement fee and you get 100 back that 100K for doing squat. LOL
 
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