IV Gets Slammed In Giga-Om

Writer Jeff John Roberts unloads on IV  and pulls no punches:

“For anyone unfamiliar with IV, the company has reeled in a fortune by gaming America’s broken patent system. It did so by acquiring thousands of patents and then inviting its victims to become “partners” in its investment fund. Those who refused to pay for a license are being sued by IV or by shell companies that it spawned such as Lodsys, the infamous patent troll that is suing app developers over in-app purchases. Intellectual Ventures’ decision to impose its own personal tax on America’s technology system is diverting money away from the most vibrant sectors of economy and into the courtroom.”

http://gigaom.com/2012/08/07/patent-troll-intellectual-ventures-seeks-vp-of-global-good/

Ouch. Maybe that VP Of Global Good can start with Roberts.

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