Rarely do I do things like this, but it's a neat social experiment. Thanks for posting this, Mike!
Grab the nearest book.
- Open the book to page 56.
- Find the fifth sentence.
- Post the text of the next seven sentences in your journal along with these instructions.
- Don't dig for your favorite book, the cool book, or the intellectual one: pick the CLOSEST.
Q: If we have been issued a patent, won't that stop a Microsoft from copying us?
A: You cannot enforce a patent unless and until it is issued, and the costs to enforce a patent can be staggering -- literally millions of dollars. Whether someone is infringing your patent usually isn't a one or zero case. The other party may claim it is not infringing your patent or that your patent is invalid -- for example, because it is based on a defective provisional application There may be good arguments on both sides that require a court to make a decision after a lengthy and expensive trial.
Q: Shouldn't prospective investors sign nondisclosure agreements (NDAs) so that they don't rip off our ideas?
A: Venture capitalists won't sign NDAs before hearing your pitch because they see so many companies that may be in the same business segment and overlap in what they are doing.
From Reality Check: The Irreverent Guide to Outsmarting, Outmanaging, and Outmarketing Your Competition by Guy Kawasaki. Which happens to be an awesome book for those of us who want to understand more about how the tech business works. I highly recommend it!
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