Community > Event Details  Our Website  Login  

EVENT DETAILS Show Printer-Friendly Page

EventsEvents    

A New Age in Patent Liquidity:New Opportunities for Entrepreneurs

Wed Feb 15, 2012 5:30 PM

MIT Enterprise Forum of NYC Presents:
A New Age in Patent Liquidity:
New Opportunities for Entrepreneurs
 
 

Share

It`s been more than 10 years since the publication of Rembrandts in the Attic, (and its author`s participation in MITEF-NYC`s "Patents for Dot-coms"), and intellectual property sales have become headline news. Some recent examples of how patent liquidity has changed in recent years:

- The "Rockstar" consortium, led by Apple, bid $4.5 billion for Nortel`s 6,000-patent portfolio covering smartphone technology.
- A few weeks later, Google bought Motorola Mobility for $12 billion, primarily for its smartphone patents.
- Patent aggregators such as Intellectual Ventures and RPX (a recent IPO) have become large buyers of patents and IV has become an active enforcer, as well.
- Funds have formed just to invest in patents, and financiers are eyeing new ways to trade shares in patent royalty streams.

What are the benefits, challenges, and opportunities these ongoing developments present to entrepreneurs?
Our panel includes representatives from patent aggregators, sources of capital, patent crowd-sourcing firms, and inventors who have commercialized their patents. They will share their experience and offer their views on the future of IP liquidity models.

Among the issues we will discuss:
- What are the strategies for monetizing IP
- How are transaction costs being reduced to create greater liquidity
- Is the market becoming more "rational"
- Are "non-practicing entities" growing from "trolls" to "IP VCs"
- Is this enabling businesses to negotiate fair royalties, with less litigation
- Is this helping inventors and entrepreneurs to profit fairly
- Are patents something technology entrepreneurs should bother with
- Can the little guy play

Panel Moderator:
- James Klaiber, Intellectual Property, Pryor Cashman LLP

Panel Speakers:
- Kevin Barhydt, VP, Head of Acquisitions, RPX Corporation
- Charles Kwalwasser, General Counsel, Quirky
- Sean Peace, CEO, The Royalty Exchange
- Richard Reisman, President, Teleshuttle Corp.
- Jorge M. Torres, VP, Silas Capital


DATE:
Wednesday, February 15, 2012
AGENDA:
5:30pm - 6:00pm: Reception
6:00pm - 7:30pm: Panel Discussion
7:30pm - 8:30pm: Networking
PLACE:
Pryor Cashman LLP - Directions
(Entrance on Broadway between 41st and 42nd Streets)
7 Times Square
New York, NY 10036
REGISTRATION:
Free to members of MIT Enterprise Forum
$50 non-members, $10 extra at door
All members and guests are welcome.

Panel Moderator Biography
James Klaiber
Intellectual Property
Pryor Cashman LLP

Jim Klaiber practices in the Intellectual Property Group of Pryor Cashman in New York, specializing in the practice of patent law. His experience is concentrated in electrical and mechanical technologies with particular emphasis on telecommunications and media. He represents a wide range of clients, from startups to multinationals.

Jim has litigated patent cases in U.S. district courts, the International Trade Commission, and the U.S. Court of Appeal for the Federal Circuit. Examples of the technologies involved in these matters include wireless and optical fiber telecommunications, plasma screen and cathode ray tube displays, as well as medical electrodes and prosthetic devices. Jim was recently the sole IP lawyer advising the bondholders in the recent Nortel bankruptcy proceedings, which resulted in the largest patent sale in history.

Jim gained extensive research and development experience while a Member of Technical Staff at Bell Laboratories` Murray Hill and Whippany labs. He was the principal investigator for numerous high-technology telecommunications projects involving fiber optic undersea transmission media and other technologies. He holds mechanical engineering degrees fro MIT, the University of Michigan, and U.C. Berkeley, and earned his law degree from Fordham while at Bell Labs.

Jim is Chapter Chair of the MITEF-NYC, and is a member of the Scientific Advisory Board of the NSF`s sensor research program administered by the University of Maine. Jim is also the Chair of the Continuing Legal Education Subcommittee of the New York City Bar Association`s Patent Committee.

Panel Speaker Biographies
Kevin Barhydt
Vice President
Head of Acquisitions

Prior to joining RPX, Kevin Barhydt was the Vice President of Acquisitions at Intellectual Ventures (IV) where he oversaw the completion of hundreds of patent acquisitions and launched key strategic initiatives to advance the Acquisitions program. Earlier in his tenure at IV, Mr. Barhydt successfully designed and implemented the targeted patent acquisition program and developed processes and metrics to improve licensing operations.

Before joining IV, Mr. Barhydt was a consultant at McKinsey & Company where he worked with senior client leadership primarily in the high-tech industry to complete projects in sales and marketing, capital allocation and performance management. Prior to business school, Mr. Barhydt held various sales and marketing leadership positions for smaller high-tech companies. Mr. Barhydt holds a BA from the University of Puget Sound and an MBA from Harvard Business School.

 

Charles Kawlwasser
General Counsel
Quirky, Inc.

He was formerly VP and IP Counsel, Barclays Capital, VP and IP Counsel, Lehman Brothers, and an IP Associate, atClifford Chance

Charlie received his JD from Cornell Law School and his BS in Civil Engineering from the University of Virginia.

Charkie is a Member of the NY and NJ State Bars, is a USPTO Registered Patent Attorney, and is a CFA Charterholder.

 

Sean Peace
CEO, The Royalty Exchange

President and founder of The Royalty Exchange, Sean Peace has been a pioneer in creating online marketplaces to maximize opportunities for royalty owners to achieve liquidity, as well as, providing a completely new and unique investment option. Peace has started multiple tech companies, including SongVest and The Royalty Exchange, and worked in multiple roles at the largest privately held business intelligence and analytics company for 11 years.

Peace Founded The Royalty Exchange in June of 2011 after a successful stint with SongVest. SongVest, while similar to The Royalty Exchange, sells music royalties as memorabilia and allows for a unique artist to fan experience. The site has auctioned the royalty streams from a number of large entertainers including Aerosmith, Garth Brooks, Carrie Underwood, The Monkees and even Snoop Dogg. After realizing the SongVest model only worked for artists with fanatical fans, Peace decided to create The Royalty Exchange to provide royalty streams for the investment community. The company was founded to address this market, and it quickly became apparent there were multiple royalty areas to explore.

Peace has a long background in building or reorganizing companies and divisions. He started Falconer Group, Inc, and IT solution company, right out of college, and then landed at SAS to lead the development of a new education solution. While at SAS he lead the global expansion of IBM as a partner, started the Alliance and Channels organization in Latin America and turned around the State and Local Alliance and Channels program here in the US. He left SAS to start SongVest and return to his roots of being an entrepreneur.

Prior to the start of these companies, Peace was involved with Falconer, Inc., Group 19, TriNet and SAS. Peace received his BA in Economic from the University of North Carolina at Chapel Hill, and currently lives in Raleigh, NC.
Richard Reisman
President
Teleshuttle Corporation

President and founder of Teleshuttle Corporation, Richard Reisman is an innovator and thought leader, advancing new services for people across the broad field of connectivity since long before the Web. He has managed and consulted for corporations of all sizes, developed a variety of pioneering online services, and holds 20 patents now licensed by over 100 companies, with dozens more pending.

Reisman founded Teleshuttle in 1994 as an online software/service provider based on the first of his inventions. That first patent portfolio was developed in partnership with BTG International, which led to patent infringement suits against Microsoft and Apple in 2004. In 2006 these patents were sold for a down payment of $35 million, and are now controlled by Intellectual Ventures. His second portfolio of patents relates to search and was sold in 2009 to RPX Corporation, the first defensive patent aggregator.

In early 2010 Reisman began development of FairPay, a radically collaborative approach to monetizing digital offerings. In 2002 he introduced CoTV, ?coactive television,? a power assist for coordinated ?co-viewing? of TV and Web content on multiple screens. Other portfolios relate to data exchange from smart appliances, digital media storage management, and communities for collaborative innovation.

Reisman served during the dot-com boom as founding CTO for HealthSCOUT.com. In the early `90s, he developed the original TV Guide Online, as well as online information services to the film and TV industry, and consulted for Dow Jones. Prior to that, he directed electronic distribution operations for McGraw-Hill / Standard and Poor`s, and managed strategy, planning, and operations for major computer and telecom services at Mobil Corporation and AT&T, starting out as a software developer. Reisman holds an AB from Brown University and an MS from Lehigh University.

 

Jorge M. Torres
VP, Silas Capital

Jorge M. Torres is a Vice President and Kauffman Fellow at Silas Capital, a New York City-based venture capital firm that invests in early-stage consumer products and consumer Internet companies. In this role, Jorge is involved in all aspects of the firm?s operations, including fundraising, deal screening, due diligence, and investment execution.

Prior to VC, Jorge practiced intellectual property law, with a focus on patent litigation and counseling. His practice covered the consumer products, technology, and healthcare segments. He previously served as a law clerk on the U.S. Court of Appeals for the Federal Circuit, the court with exclusive jurisdiction over appeals in patent infringement cases.

Jorge holds a BS in molecular biophysics and biochemistry from Yale and a J.D. from the University of Pennsylvania Law School. He is also a member of the Kauffman Fellows Program, which is an educational program designed to identify, develop, and network future leaders of the venture capital industry.

Event Host:


This is a service of the MIT Enterprise Forum of New York City.
Copyright 2012 All rights reserved


Location: Pryor Cashman LLP

For more information:

Contact: Eddie Quiroz
Phone: 888-639-9321
Email:  info@mitef-nyc.org

addAdd this event to Outlook


 
ATTENTION!
Your login will expire in the next five minutes due to inactivity. Please click the link below to refresh your login.

Refresh my login