Question
I'm told that an idea is worth little, execution is worth a lot. If the chance of getting funding for a startup depends on how good your execution is, but not really your idea, what role does IP play? Does comparatively expensive IP protection really add value to the company?
Answers: 2 public & 0 private
You cannot patent an idea, but you can in fact patent a product, system, method of manufacture, apparatus for manufacture, and the like. Having a patent, or at least a patent application, is usually a must for investors and funding - and when the patent issues, it provides you with exclusive rights to prevent others from making, using, or selling the patented device, method, or the like.
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