February 18, 2010

Myhrvold disputes 'troll' claims, makes case for 'invention capital'

Myhrvold disputes 'troll' claims, makes case for 'invention capital':
Nathan Myhrvold, our local mosquito-zapping, hurricane-stopping, high-tech gourmand and environmental geoengineering geek, offers a broad defense of his company, Bellevue-based Intellectual Ventures, in a Harvard Business Review article today -- disputing the assertion that it's a patent troll and laying out a vision for a concept that he calls 'invention capital.'

'What we’re really trying to do is create a capital market for inventions akin to the venture capital market that supports start-ups and the private equity market that revitalizes inefficient companies,' writes Myhrvold, the former Microsoft technology chief. 'Our goal is to make applied research a profitable activity that attracts vastly more private investment than it does today so that the number of inventions generated soars.'

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