Startups are a lifeblood of our economy. They have have a major impact on job creation and bring products to market that improve quality of life.
“Patent trolls” are killing startups. A patent troll is a term for a company or individual that owns the rights to patents, but rather than building a company with them, simply uses them to sue people who are.
It requires startups to either spend time and money fighting in court (which can take years and cost millions of dollars), or pay the troll. Both of which can completely destroy a company.
We need to change laws around patents to prevent trolls from destroying companies. We should be valuing company building, not “ideas.” Making these changes will promote job creation and innovation.