You do realize that setting up a company is a waste of time/resources, as getting a verified and valid patent is quite expensive too?

You do realize that setting up a company is a waste of time/resources, as getting a verified and valid patent is quite expensive too? Take all the resources people are providing you and also try to find a nice lawyer friend who can draft up a type of document where the initial patent is filed under the friends name until a certain point where it is feasible to setup a company. Once the company is setup (51/49??), you then transfer the patent to the company, to prevent the patent owner from exploiting any future profits through legal means. Also remember that no VC (even in Silicon Valley) will give you seed money if the patent is not under a corporate name.

Posted by phantom_oracle on Jan 13, 2015, 9:08 PM

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