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Ken Seddon, CEO of LOT Network, joins us to discuss the PAE (Patent Assertion Entity) patent risk; how it has grown and what the future holds.
In today's global, intertwined economy, patent trolls are a threat to innovation, both now and in the future. In the US, trolls are known to track patent activity and take advantage of the slightest opportunity, and this is likely to increase in other markets. In this Business Conversations podcast, Intellectual Property expert Ken Seddon discusses the strategies that many of the world's top innovators in AI, cloud, blockchain, autonomous vehicles, electronics, and 5G are using to protect themselves from costly and unwanted patent troll litigation. The three key areas discussed in this Business Conversations podcast include: •What is a patent assertion entity (PAE or "patent troll") •How does a patent troll affect business both in Australia and around the world •How can a company protect its innovation from costly patent litigation Ken Seddon is the CEO of LOT Network - an international community of the world's leading high-tech companies committed to protecting its members from costly patent troll litigation. LOT Network currently protects more than 600 members in 36 countries from litigation from over 2.3 million worldwide patents and counting. Network members include market leaders such as IBM, Toyota, Visa, Canon, Google, Tesla, Cisco, Amazon, Microsoft, Alibaba and Salesforce, as well as innovative companies across industries. Ken joined LOT in April of 2015, bringing over 20 years of experience managing all areas of intellectual property. Previously, Ken was with some of the largest patent holders in the world including Apple, Micron, Motorola, Intel and most recently as the Vice President of IP at ARM. Each week I'm joined by a new guest to dive into the many facets of business. Subscribe to my podcast here to join the Business Conversation: https://www.cliveenever.com.au/business-conversations/
In today’s global, intertwined economy, patent trolls are a threat to innovation, both now and in the future. In the US, trolls are known to track patent activity and take advantage of the slightest opportunity, and this is likely to increase in other markets.In this Business Conversations podcast, Intellectual Property expert Ken Seddon discusses the strategies that many of the world’s top innovators in AI, cloud, blockchain, autonomous vehicles, electronics, and 5G are using to protect themselves from costly and unwanted patent troll litigation.The three key areas discussed in this Business Conversations podcast include:What is a patent assertion entity (PAE or “patent troll”)How does a patent troll affect business both in Australia and around the worldHow can a company protect its innovation from costly patent litigationKen Seddon is the CEO of LOT Network - an international community of the world’s leading high-tech companies committed to protecting its members from costly patent troll litigation.LOT Network currently protects more than 600 members in 36 countries from litigation from over 2.3 million worldwide patents and counting. Network members include market leaders such as IBM, Toyota, Visa, Canon, Google, Tesla, Cisco, Amazon, Microsoft, Alibaba and Salesforce, as well as innovative companies across industries.Ken joined LOT in April of 2015, bringing over 20 years of experience managing all areas of intellectual property. Previously, Ken was with some of the largest patent holders in the world including Apple, Micron, Motorola, Intel and most recently as the Vice President of IP at ARM.Each week I’m joined by a new guest to dive into the many facets of business. Subscribe to my podcast here to join the Business Conversation: https://www.cliveenever.com.au/business-conversations/
TechGC WebsiteChris Sands TwitterTechGC LinkedInTechGC Twitter ABOUT THE GUESTKen Seddon joined LOT in April of 2015, bringing over 20 years of experience managing all areas of intellectual property. Previously, Ken was with some of the largest patent holders the world including Apple, Micron, Motorola, Intel and most recently as the Vice President of IP at ARM.Ken drafted over 300 patent applications while at Motorola and Intel, and managed all US patent prosecution at Intel. As Chief IP Counsel of Numonyx which was later acquired by Micron, Ken led strategic IP Licensing for two years before moving to Apple. At Apple, Ken developed the IP strategy for future products and acquired and defended patents from PAE assertions. Ken then went on to be the VP of IP at ARM before being selected by the Board of Directors to be the first CEO of LOT Network.Ken has a BS in Computer Engineering from the Georgia Institute of Technology, a master's degree in Solid State Device Physics and a Juris Doctorate from Arizona State University.
LOT Network (short for License on Transfer) is an international network of companies designed to proactively address the risks and costs posed by Patent Assertion Entities (PAEs) and patent privateering. Its members represent a broad range of industries, including consumer products, automotive, cloud computing and financial services. Members of the network have agreed to license their patents to the other members of LOT Network prior to transferring their patents to a third party outside the community. Having heard how patent trolls are starting to target the blockchain industry, I invited Ken Seddon back onto the show to talk about how they are protecting businesses against blood-sucking trolls that finding loopholes in patent laws and destroy an entire company. Guest Info Ken Seddon joined LOT in April of 2015, bringing over 20 years of experience managing all areas of intellectual property. Previously, Ken was with some of the largest patent holders the world including Apple, Micron, Motorola, Intel and most recently as the Vice President of IP at ARM. Ken drafted over 300 patent applications while at Motorola and Intel, and managed all US patent prosecution at Intel. As Chief IP Counsel of Numonyx which was later acquired by Micron, Ken led strategic IP Licensing for two years before moving to Apple. At Apple, Ken developed the IP strategy for future products and acquired and defended patents from PAE assertions. Ken then went on to be the VP of IP at ARM before being selected by the Board of Directors to be the first CEO of LOT Network.
LOT Network is an international network of companies designed to proactively address the risks and costs posed by Patent Assertion Entities (PAEs) and patent privateering. Its members represent a broad range of industries, including consumer products, automotive, cloud computing and financial services. Members of the network have agreed to license their patents to the other members of LOT Network prior to transferring their patents to a third party outside the community.
Segment 1: Dave Peck is the Chief Marketing Officer at KIND Financial, a FinTech company providing software solutions to ensure businesses within the cannabis industry transact safely, securely, and in compliance with all applicable laws and regulations. Segment 2: Brian Biro is America's Breakthrough Coach! He has delivered over 1,600 presentations around the world over the last 25 years. The author of 11 books including his brand new There Are No Overachievers, Brian was rated #1 from over 40 Speakers at 4 consecutive INC. Segment 3: Jason Liu is a proven strategic leader with over 15 years extensive experience in operation, technology and entrepreneurship. Segment 4: Ken Seddon is the CEO of LOT Network, a non-profit community of companies protecting one another against costly patent troll litigation whose members include industry leaders like Amazon, Google, Tesla and Canon as well as innovative venture-backed startups. Segment 5: Barry Moltz shares how to get your business unstuck.Sponsored by Nextiva
IP Frequently – where, while always fair, nothing is off limits. We invite you to join the conversation
IP Frequently – where, while always fair, nothing is off limits. We invite you to join the conversation.
The LOT Network (a non-profit first launched by Google) is a group of high-profile tech and auto companies Patent Trolls. 2015 was the biggest year ever for patent trolls with nearly 80% of suits in tech, and LOT Network is one prong of a multi-prong defense for companies as varied as Red Hat, GitHub, Box, Lenovo, etc. With numbers like this - 3M to handle a patent troll suit (on average), 500% growth in patent troll activity in past 10 years, 80,000,000,000 per year in total on patent troll litigation - the issue is pervasive. I invited Ken Seddon, CEO of LOT Network onto the show to learn more. Guest Info http://lotnet.com/ Last Week Tonight with John Oliver: Patents - https://www.youtube.com/watch?v=3bxcc3SM_KA