Is Getting a Software Patent Worth It?

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PatentsAlthough patents for things other than software are legitimate and have a clear purpose, software patents feel like a joke.

The process can be tedious.

1. Think of an idea.

2. Don’t write any code, test any model or do anything else with that idea.

3. Spend $5,000 to $10,000 to have a patent attorney write about your idea in a patent format.

4. Wait one to two years.

5. Continue to pay your attorney while they “update” you on the progress and do little things like keeping the paperwork filed.

6. Have your patent denied.

7. Spend another $5,000 to $20,000 to have the patent attorney re-word your patent and go back to Step 4; repeat.

People will tell you that any software can easily be copied.

These are people who have most likely never written or produced software, especially a Web or mobile app. Yes, anyone can look at an idea and say, “I want to build that.” But it’s never as easy as it seems. The team that executes and the leaders who direct make software successful. Anyone can have an idea, but it’s how you execute that idea that makes the difference. You will need to decide where you personally stand on this. If you think that anyone will be able to copy your idea and put you out of business, then either call a patent attorney or think of ways to make your own knowledge more critical.

You’ll hear talk of patent portfolios.

Ignore it. At this point, until you have in-house lawyers who can spend all day creating a slew of software patents for ideas that you may or may not have thought of yet, there’s no point in trying to build one. Instead, invest your time and money on building a business that works.

Technology moves too fast for software patents to keep up.

By the time you get your software patented, your business could have already pivoted. You could have already exited, gone out of business, or worse yet, your entire patent could be outdated.

Your experience is what’s valuable, not your software.

Our GoFanbase app could be copied, yes. But it’s our eight years of knowledge in our specific industry and domain that they can’t copy or get access to. If someone were to look at our app and just make a copy, they might get some things right. However, they wouldn’t know why we did what we did. They might think they have a better way to do things, but they would be wrong.

In addition, by the time they’ve finished copying what we’ve already done, we’re going to be five steps ahead. Our knowledge and the fact that we’re creating the solution to a problem we know backwards and forward is better protection than any patent out there. Plus, consumers can tell when something is a knock-off. Thrown-together software that doesn’t solve a problem is a sure sign.

Speed is your best protection.

Solve a problem correctly and build a fast team that can produce continual solutions as the problem advances with technology. The U.S. Patent Office won’t be able to keep up and neither will your competitors. Keep that edge, and know you’re spending money in the right places.

In the end, your business’s individual expertise and knowledge of your industry are what makes your product valuable — and that cannot be copied.

(Source: TCA)