Startups will have issues with patent trolls as they don’t have the treasure chest of money to battle litigation. Case in point here is a story of Life360 founder being hit with a patent license agreement from a company he has never heard of AGIS. AGIS apparently owns the patents for any app that shows a location marker on a map.
Life360 believes they are getting hosed by patent owners who are trying to leach off their success. Patents have been a big issue of late with recent litigation from giants Apple vs Samsung. But with so many patents it is impossible to startup a company and not infringe on some kind of patent which hurts innovation.
read entire story at VentureBeat HERE