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by thorax
6469 days ago
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I'm sad to bring this up. We looked into creating an innovative auction site some time ago. Unfortunately there are a lot of software patents in this area, and Priceline (and its founders) have some that you need to look into before going too crazy with this site. Unless you've done some heavy analysis here, I recommend you do so and maybe talk to an attorney. The biggest danger here is that: any auction site has to get pretty big to make decent money and once you get big with a potential patent infringement, it can sink your entire ship if caught by surprise. We discussed some licensing possibilities on some of these patents, and those groups didn't want to talk to someone who wasn't able to pay some very high initial licensing fees. (I.e. licensing solely via royalties or equity wasn't interesting to them.) Maybe nothing you are doing is a direct infringement, but this is a heavily patented area. Do your research. |
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