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SO IN 2011, WHEN I GAVE MY TED TALK
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The Patent Scam

SO IN 2011,WHEN I GAVE MY TED TALK, THEY WERE ESTIMATINGTHAT THE COST OF DEFENDINGA PATENT...

SO IN 2011,
WHEN I GAVE MY TED TALK, THEY WERE ESTIMATING
THAT THE COST OF DEFENDING
A PATENT TROLL LAWSUIT WAS ABOUT
A MILLION AND A HALF

Full Transcript

00:00:01.000 --> 00:00:03.035
SO IN 2011, WHEN I GAVE MY TED TALK,
00:00:03.069 --> 00:00:06.339
THEY WERE ESTIMATING THAT THE COST OF DEFENDING A PATENT TROLL LAWSUIT
00:00:06.373 --> 00:00:07.974
WAS ABOUT A MILLION AND A HALF.
Duration
9 seconds
Views
18
Timestamp in Movie
00:35:58
Uploaded
Oct 31, 2025
Genres
documentary
Production
Genesis Studios

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Movie Summary

The corruption runs deeper than you'd ever think. A multi-billion dollar industry you've never heard of. This is the world Patent Trolls thrive in: created for them by the U.S. Patent system.
THE LEGAL EXPENSE OF DEFENDING YOURSELF - The Patent Scam 00:11
THE LEGAL EXPENSE OF DEFENDING YOURSELF
AND A LOT OF TIMES THE PATENT TROLLS ARE PICKING ON SMALL COMPANIES - The Patent Scam 00:10
AND A LOT OF TIMES THE PATENT TROLLS ARE PICKING ON SMALL CO...
YOU PROBABLY SPEND ABOUT $3 TO $4 MILLION. - The Patent Scam 00:06
YOU PROBABLY SPEND ABOUT $3 TO $4 MILLION.
SO FAR, I WOULD ESTIMATE THAT THE LEGAL FEES - The Patent Scam 00:05
SO FAR, I WOULD ESTIMATE THAT THE LEGAL FEES
AND I THINK WE'RE TALKING ABOUT SEVERAL MILLION MORE - The Patent Scam 00:06
AND I THINK WE'RE TALKING ABOUT SEVERAL MILLION MORE
MY SMALL COMPANY COULDN'T AFFORD THAT, - The Patent Scam 00:06
MY SMALL COMPANY COULDN'T AFFORD THAT,
IT WOULD BE HALF A MILLION DOLLARS OR UP, - The Patent Scam 00:10
IT WOULD BE HALF A MILLION DOLLARS OR UP,
[AUSTIN] AND HOW MUCH MONEY DID YOU MAKE - The Patent Scam 00:07
[AUSTIN] AND HOW MUCH MONEY DID YOU MAKE
WE MADE ABOUT $30,000 PROFIT IN 2013. - The Patent Scam 00:06
WE MADE ABOUT $30,000 PROFIT IN 2013.
EVERY CASE HAS BEEN BROUGHT AGAINST IT SO FAR - The Patent Scam 00:10
EVERY CASE HAS BEEN BROUGHT AGAINST IT SO FAR
WE SHOULD FIGHT AND WE DO, - The Patent Scam 00:08
WE SHOULD FIGHT AND WE DO,
FOR ME, HUNDREDS OF THOUSANDS OF DOLLARS - The Patent Scam 00:05
FOR ME, HUNDREDS OF THOUSANDS OF DOLLARS
UM, WE SCRAPED TOGETHER A LITTLE BIT OF MONEY - The Patent Scam 00:08
UM, WE SCRAPED TOGETHER A LITTLE BIT OF MONEY
WE EMPTIED OUR 401K, - The Patent Scam 00:08
WE EMPTIED OUR 401K,
THE LAWYERS, THE FIRST QUESTION THEY ASK YOU IS: - The Patent Scam 00:13
THE LAWYERS, THE FIRST QUESTION THEY ASK YOU IS:
WHEN WE GOT THE LAWSUIT, - The Patent Scam 00:07
WHEN WE GOT THE LAWSUIT,
SO WE ACTUALLY HELD A MEETING AND I TOLD ALL OF MY EMPLOYEES, - The Patent Scam 00:08
SO WE ACTUALLY HELD A MEETING AND I TOLD ALL OF MY EMPLOYEES...
I'M GONNA MOVE THE OFFICE BACK TO MY BASEMENT, - The Patent Scam 00:11
I'M GONNA MOVE THE OFFICE BACK TO MY BASEMENT,
I HAD PLANNED TO HIRE ANOTHER COUPLE OF EMPLOYEES THAT YEAR - The Patent Scam 00:06
I HAD PLANNED TO HIRE ANOTHER COUPLE OF EMPLOYEES THAT YEAR
YOU KNOW, I LAID OFF SEVEN PEOPLE, - The Patent Scam 00:06
YOU KNOW, I LAID OFF SEVEN PEOPLE,