25 April 2007

Two in a Single Stroke

This is cool: further proof not only that patents in general, and software patents in particular are stupid, but that at least some VCs are amoral parasites:

Earlier this year, we wrote about one such fund, Altitude Capital Partners who had quietly invested in Visto, but made it clear that it really only cared about companies who had patents that could be used in lawsuits. John points us to a Forbes article that talks about Altitude and other private equity funds that have raised hundreds of millions of dollars solely to support patent lawsuits. In other words, if you thought things were bad in the past, they're about to get much, much worse. Once again, almost all of these lawsuits aren't about protecting the interests of an inventor at all.

O rose, thou art sick.


Anonymous said...

Reminds me of all the weird "catch a predator" shows that now populate cable news networks at night. Why are people wanting to create crime?!

glyn moody said...

Truly weird.