INTELLECTUAL PROPERTY AS A FINANCIAL ASSET

OMER HIZIROGLU © 2015

OMER HIZIROGLU, CLPGeneral Partner

TWITTER: @omerhizir

What is this?

Human-Machine Collaborative Robotic Systems.John Hopkins University

So is this?

Difference?

• Patent as a financial instrument vs. Financial services patents• Challenge in financial service patents:• Software• Business methods

Patent as an asset

• Right to exclude & right to practice• IP driven competitive advantage• Financial asset in balance sheet• As a startup capital• Value driver in a cross-licensing negotiation• But also a strategic value: Offensive & Defensive• Financial asset?• Free transfer• What other value?

Monetizing patents without practicing

• NPEs• Evil trolls?• Necessary evil?• Part of the ecosystem?

• What is the NPE business model?• Enforcement• But also adding on innovation and licensing

• Remember: Universities are NPEs

Response

• Defensive aggregators

PATENTS and TRADING

• IPXI

INVESTMENT CONSORTIUMS

• Rock Star

OTHER OPPORTUNITIES

• Osage Partners

GENERALLY SPEAKING

• When it comes to IP, one must look beyond the 4 corners of the patent document• It is not just a symbol of an entities’ innovative capacities• It’s the result of a systematic, long term strategy• It’s the strategy that creates the patent portfolio, not the other way

around• Final note on valuation challenge:• Difficult and dangerous game for early stage technologies• Bubble (we are in a sellers market)

REFERENCES

• FOLLOW:• IAM MAGAZINE

• People who turn IP into gold: IAM 300:http://www.iam-media.com/Blog/Detail.aspx?g=58bc8bc8-06fe-46f2-86ee-98af2867ec81

• LES NOUVELLES

• TO GET INVOLVED:• LES TURKEY. www.les-turkey.org

Thank you.Omer Hiziroglu, CLP

Partner, DCPomer@dcp.vc

Twitter: @omerhizir