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by srgseg
4698 days ago
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Tim O'Reilly created a site called BountyQuest in 2000, where he posted a $10,000 bounty to invalidate Amazon's 1-click patent. "The way the system works is that a company or individual, remaining anonymous to the public, must pay BountyQuest $2,500 to post a bounty on the site. BountyQuest, which is to receive a 40 percent commission on bounties paid, will monitor the process and will be liable to pay the bounty if the posting group cannot or will not pay it to a deserving party." http://www.nytimes.com/2000/10/23/technology/23PATE.html However Tim then shut the site down, saying "I had high hopes for BountyQuest, too; it seemed like a great idea. But while I still believe that the failure to search for prior art remains a major problem for the patent system, the company was not able to make a successful business bridging the gap. Of course, this could simply have been an execution issue, or market timing. But it could also have been the fact that the patent mess is a thorny thicket that doesn't lend itself well to penetration by amateurs." http://oreilly.com/pub/a/oreilly/ask_tim/2003/bountyquest_10... |
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