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Patents!

Tuesday, September 27th, 2011 – running time 06:15

Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today he discusses the importance of patents and protecting intellectual property. Maybe there's some discussion on patent trolls as well!

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Today's Homework Assignment

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04:15
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Jay's chalkboard notes on if you need a patent to protect your idea:

- Focus on execution

- Be first to market

- Get advice of patent attorney

- You can't patent all concepts

- Patents are a defensive move

- Patent trolls exist, so establish a provisional patent, but wait until you have some execution

Today's Homework Assignment

How to protect your intellectual property

- Create the intellectual property

- Document in extreme detail

- Talk to a qualified patent attorney

- File a provisional patent

04:15

Play

Have a question about launching a business that you want answered? Â Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.

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