A COMMENT ON "DO PATENTS FACILITATE FINANCING IN THE SOFTWARE
James E. Bessen
Boston University School of Law Working Paper 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.
Keywords: Software, Patents, Startups, Innovation, Venture Capital
JEL Classifications: 034, M13, L86
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James Bessen Contact Information:
Boston University School of Law
765 Commonwealth Ave
Boston, MA 02215
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