You will hear a lecture. After listening to the lecture, in 10 seconds, please speak into the microphone and retell what you have just heard from the lecture in your own words. You will have 40 seconds to give your response.
We’re thinking about this and we’re trying to say, alright well, let’s file a patent on this clicker. If I were to go to the patent office and say, alright, I want a patent on a clicker, period. The patent office would just laugh. The clickers have been around for a while. Presentation clickers have been around for a while, and so there would be a 0% chance that you would actually get that. If we were to, somehow, to convince the patent office that we should be able to get a patent on a clicker, period, it would however be incredibly valuable. Every single clicker that was made after this point would infringe and when it infringes maybe we take one or two dollars each. That would add up to be a decent amount of money. On the other end of the spectrum, let’s go to the million word version. I got to the patent office and I say, I want a patent on this exact thing. And those million words describe every single radius, material, every single thing about this. And the patent office says, yeah, we’ve never seen that before, go ahead and take it. Almost 100% chance of getting that patent, but the value of that patent would be close to zero.