What’s the biggest difference between the letter about patent trolls that prominent VCs sent to Congress in 2013 and the letter (PDF) they sent out today? Four times as many names.
In total, 140 investors in startup companies have signed a letter to Congress asking them to implement changes to patent laws that have been debated for more than two years now. The move looks to keep one important fact front-and-center: “patent trolls,” companies in the business of suing over patents, aren’t just a plague for tech giants—they are a huge problem for medium- and small-sized companies as well.
“When a troll sues, or even threatens, a small startup, the results can be disastrous,” the letter states. “Many of us have seen young companies fail in the face of such threats.”
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