Intellectual Ventures Starts Political Action Committee; Clearly Worried That Serious Patent Reform Might Actually Happen This Time
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As we noted last year, Intellectual Ventures started out insisting that it was a licensing company, not a patent troll. But it soon spoiled that story by filing more and more lawsuits, probably because it was running out of cash. A couple of weeks ago it laid off workers, too. But however rough things have been for Intellectual Ventures recently, they are likely to get a lot worse. That's because Congress looks like it might finally try to reform the patent system in a meaningful way that makes life harder for patent trolls. That's doubtless why Intellectual Ventures opened up a Washington DC office last year; and it also probably explains the following move, as reported in The Hill:
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