Lumen View Technology sued several small businesses in 2013 over a patent that described little more than online "matchmaking" before its demands for quick $50,000 payoffs ran into a Santa Barbara startup called Graphiq (formerly FindTheBest).
Graphiq CEO Kevin O'Connor, who had also co-founded online ad giant Doubleclick, pledged to spend his own money to defeat Lumen View—and defeat them he did. O'Connor's battle with the patent-holding company has finally come to an end, with the still-unknown owners of Lumen View agreeing to pay him $100,000.
"We took their patent, and we got sanctions against their lawyer," said O'Connor in an interview with Ars. "We probably spent $350,000 to get $100,000. It was worth every cent. It definitely wasn’t the best investment, but goddamn, I feel good. I don't have a whole lot of sympathy for those bastards."
No comments:
Post a Comment