tag:blogger.com,1999:blog-5574479.post8075694510990489579..comments2024-03-28T16:45:51.051+00:00Comments on The IPKat: Katonomics 9: IP valuationVerónica RodrÃguez Arguijohttp://www.blogger.com/profile/05763207846940036921noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5574479.post-6229599448248552302012-01-26T10:55:24.163+00:002012-01-26T10:55:24.163+00:00A reader pointed out this paper using the Black-Sc...A reader pointed out this <a href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=385843" title="" rel="nofollow">paper</a> using the Black-Scholes equation to value patents by Heald and Denton. <br /><br />I enjoy the abstract's opening line, 'Current patent valuation methods have been described charitably as "inappropriate," "short-sighted," "inherently unreliable," and a "guestimate."'Nicolanoreply@blogger.comtag:blogger.com,1999:blog-5574479.post-34285491884166049942012-01-24T13:04:08.682+00:002012-01-24T13:04:08.682+00:00Since this is a bean count, why not crowdsource?
...Since this is a bean count, why not crowdsource?<br /><br />see http://www.youtube.com/watch?v=iOucwX7Z1HUAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5574479.post-88055125911614388612012-01-24T12:43:24.758+00:002012-01-24T12:43:24.758+00:00Is there any study on the time dependence of the v...Is there any study on the time dependence of the value of IP. My working model (no great insignt claimed) is that in the early stages the value is a bimodal probablity distribution, the modes being an awful lot and nothing at all. Later on the value crystalises, again to something or nothing at all, but more clearly one or the other. Some benchmarks by industry on when you should know that it is worth something or nto might be interesting to know - for example when reviewing patent portfolios that will be costing national phase filing, examination and renewal fees. They might also inform policy on how long examination should take. Fast examination, as is the stated aim of patent offices, will at the extreme kill patent protection being obtained through cost but may be unncessary if in short while the inventor will know whether the thing has legs and if not no examination is needed. <br /><br /><br />When it comes to the valuation method won't the valuation method to be used depend on where one is in that progression? If you have a product licensed to 20 companies then sure you can do an NPV calculation. At the other end, how many inventor's invention disclosure forms have you seen that confidently says the thing will be worth $10billion per annum?<br /><br />A final question: I read a while back about a project to develop valuations for lending on patents. Obviously if one can lend to enough people the uncertainty in the value of early stage ip is not so much of a problem since you only have to be right on average. Has anyone heard if there has been progress on that project?Anonymousnoreply@blogger.com