A Comment on 'Do Patents Facilitate Financing in the Software Industry?'
James E. Bessen
Boston University - School of Law; Research on Innovation
June 27, 2006
Boston Univ. School of Law Working Paper No. 06-13
'Do Patents Facilitate Financing in the Software Industry?' by Ronald J. Mann contributes empirical evidence to our understanding of how software startups use patents. However, a close examination of the actual empirical findings in this paper points to rather different conclusions than those that Mann draws, namely: few software startups benefit from software patents and patents are not widely used by software firms to obtain venture financing. Indeed, among other things, the paper reports that 80% of venture-financed software startups had no acquired any patents within four years of receiving financing.
Number of Pages in PDF File: 9
Keywords: Software, Patents, Startups, Innovation, Venture Capital
JEL Classification: 034, M13, L86working papers series
Date posted: June 28, 2006
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