“Patents are for the weak” retorted Elon Musk to veteran broadcaster Jay Leno while giving him a tour of SpaceX. Leno, during the latest episode of ‘Garage’, had asked Musk if he had patented his engines, which the world’s richest person described as “the most advanced ever made”.
Musk went further still on intellectual property, adding patents “don’t actually help advance things, they just stop others from following you”. There’s a touch of hypocrisy here given the patent portfolios Musk has amassed for Hyperloop and Tesla.
He’s also wrong.
It’s easy for Musk to dismiss the value of patents. The man and his money have established a dominant position in the space engineering sector, faced with little competition, where exclusion from the market is the absence of funding rather than patent thickets.
However, if you’re a founder of a tech startup looking for funding, it’s a fundamentally different story and it isn’t what you believe in – it’s what others believe in that counts.
The danger of drinking Musk Kool-Aid
Think about it this way. IP…
