August 29, 2013

Helping Pioneering Start-Ups Develop IP Portfolios Worth Millions

Patterson + Sheridan is well-versed in helping start-up companies develop – and maximize the value of – their patent portfolios. During the infancy of online social networks, we helped one of the industry’s early pioneers build its patent portfolio from the ground up. Because our client had no in-house attorneys, we served as their “virtual patent counsel,” playing a key role in their invention mining and patent portfolio development processes. Persevering through the company’s business highs and lows, we drew on our extensive patent prosecution expertise to help them secure pioneering patents and identify new inventions that could be valuable additions to their patent portfolio. Within five years, the portfolio grew to include six issued patents – including one of the pioneering patents in the field of online social networks – and an even greater number of pending patent applications. The result: The entire portfolio was sold to a major player in the online social network space for several million dollars.