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I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. Yet the software patent process is a mess. I say this with conviction even after I survived the process, and have a software patent pending. Patents granted that don’t meet the criteria.
Patent Lawsuit 6. One guy was the creator of Microsoft Excel and the other created the first network for IBM. (No, “Patent Lawsuit&# We were on the IPO track and our #1 competitor (DoubleClick) filed a bogus patent-infringement lawsuit right before our IPO. Bootstrap 2. 7th Horse in a 7 Horse Race 3. Acquirer 9.
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