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by thrownaway98723
230 days ago
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I really appreciate the advise. I've considered this too. Am I opening myself up to being sued in the future by the university? I'm worried I'll put in years of effort and eventually the university will just claim they actually own everything. |
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A VC told me this about disputes: if your business fails there is nothing to sue over, if it succeeds then you are rich and you can afford to pay…. Look at the movie The Social Network you might be rich and feel angry that you are paying money to people who seem like parasite but you are rich!
Seriously though the model of the TTO is to reject the vast majority of possible inventions, spend $20k on patents with a less than 10% chance of a payout on each one. It's a better business model for them to spend a fraction of that on a lawyer to write you a really scary letter and get a settlement for half of what they think you owe them. They might be happy to get a donation and you get something with your name on it.