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23 Berkeley Tech. L.J. 1063 (2008)
Why Do Start-ups Patent?

handle is hein.journals/berktech23 and id is 1071 raw text is: WHY Do START-UPS PATENT? By StuartJ.H. Grahamt and Ted Sichelmantt TABLE OF CONTENTS 1. INTRODUCTION: THE PUZZLE OF PATENTS ............................. 1064 II. THE DECISION TO PATENT: MANY THEORIES BUT INCO N CLU SIVE DA TA ....................................................................... 1071 A . W HY PATEN T? .................................................................................. 1071 1. Maintaining Supra-Competitive Prices .................................... 1071 2. Generating Licensing Revenues ................................................ 1074 3. Developing an Arsenalfor Cross-Licensing ............................. 1076 4. Securing Investment and Financing .......................................... 1077 5. The Best Defense is a Good Offense : Patents as Shields ..... 1079 6. P atent B ullying .......................................................................... 1080 7. Blocking and Preemptive Patenting ................................. 1081 8. Patents as Substitutes for Nondisclosure Agreements .............. 1082 9. Image is Everything Patenting ............................................. 1082 B. REASONS FOR NOT PATENTING ........................................................ 1083 1. Technology is Seemingly Not Patentable .................................. 1084 2. The High Costs of Patenting and Patent Litigation .................. 1085 3. Perceptions that Patents Provide Weak Protection: D esign A rounds . ................................................................... 1086 4. Other Forms of Protection ........................................................ 1087 C. THE DECISION TO PATENT (OR NOT): THE INCONCLUSIVE D A T A ................................................................................................. 108 8 III. UNCOVERING THE DATA: THE KAUFFMAN FOUNDATION SURVEY OF PATENTS & EN TREPRENEUR SH IP ........................................................................ 1091 A. ADDRESSING THE LACUNA IN PRIOR RESEARCH .............................. 1091 B. WHY DO START-UPS PATENT (AND WHY NOT)?: OUR SURVEY Q U ESTION S ........................................................................................ 1092 © 2008 Smart J.H. Graham and Ted Sichelman. The views presented herein are solely those of the authors. t Ewing Marion Kauffman Foundation Fellow in Social Science and the Law, University of California, Berkeley, School of Law (Boalt Hall); Assistant Professor of Strategic Management, College of Management, Georgia Institute of Technology.

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