496: When Patents Attack... Part Two!

496: When Patents Attack... Part Two!

May 31, 2013
Two years ago, we did a program about a mysterious business in Texas that threatens companies with lawsuits for violating its patents. But the world of patent lawsuits is so secretive, there were basic questions we could not answer. Now we can. And we get a glimpse why people say our patent system may be discouraging, not encouraging, innovation.
  • NPR reporter Laura Sydell and This American Life producer/Planet Money co-host Alex Blumberg tell the story of Intellectual Ventures, which is accused of being the largest of the patent trolls. Executives at Intellectual Ventures insist they are not trolls, but rather, promoters of innovation. They buy patents from struggling inventors, which encourages those inventors to go out and invent more stuff. Intellectual Ventures offers an example of such an inventor, a man named Chris Crawford. But when Laura and Alex try and talk to Chris Crawford, it leads them on a long search, culminating in a small town in Texas, where they find a hallway full of seemingly empty offices with no employees. (25 minutes)BusinessEconomics

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