The Entrepreneurial Mindset of Patent Accumulator Leigh Rothschild
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 10 September 2020
⏱️ 53 minutes
🧾️ Download transcript
Summary
Leigh Rothschild has been inventing and filing for new patents since his teenage years and now has at least 130 patents to his name, mostly technology patents, with about 200 more pending approval. In this podcast he discusses his own entrepreneurship development and today's patent process.
He discusses
- How to monetize patents as well as application logistics such as the difference between non provisional and provisional patents,
- Legislation over the past decade or so that has devalued the patent market and resulting challenges, and
- Practical ways to protect your patents and keep in mind beyond the importance of entrepreneurship.
In addition to putting his entrepreneurship skills to use through inventions like the technology at the center of Qmage, Inc., Leigh Rothschild also founded a firm called Patent Asset Management. He discusses his years as an inventor and the vast accumulation of patent knowledge he has accumulated in the meantime. He offers listeners solid information about the process of patent applications and how to make the most of your patents.
For example, he explains the three ways he's been able to monetize patents: by selling patents to companies around the world, like Apple; by starting businesses that utilize his patents; and by looking for potential licensees for his current patents—in other words, finding people using and/or infringing on them—and getting them to license and pay for them.
This last effort extended into him setting up an organization with lawyers and staff to monitor his patents and their uses and licenses and to advise others on making their entrepreneurship ideas a patented reality. He explains the logistics of patent filing for listeners as well as various legislation that has made it easier for others to target and challenge patents.
He feels that the U.S. is in fact one of the most patent-unfriendly countries in the world due to legislation in the past few years as well as a Supreme Court case that allowed federal circuit courts to void patents if they think they were given unfairly. He describes ways to work with these challenges and how congress needs legislation to reframe these provisions in a more suitable way.
For more, see his company's website at patentmgmt.com and email him at leigh@patentmngmt.com.
Available on Apple Podcasts: apple.co/2Os0myK
Transcript
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| 0:00.0 | Forget frequently asked questions common sense common knowledge or Google how about advice from a real genius |
| 0:06.8 | 95% of people in any profession are good enough to be qualified and licensed 5% go and beyond. They become very good at what they do, but only 0.1% are real Jesus. |
| 0:18.3 | Richard Jacobs has made it his life's mission to find them for you. He hunts down and interviews geniuses in every field, sleep science, cancer, stem cells, |
| 0:27.2 | ketogenic diets, and more. |
| 0:28.8 | Here come the geniuses. |
| 0:30.4 | This is the Finding Genius Podcast. |
| 0:33.0 | That are Richard Jacobs. |
| 0:35.0 | Hello, this is Richard Jacobs with the Finding Genius Podcast. |
| 0:41.0 | I have Laying Rothschild. He's the CEO of a company called |
| 0:44.4 | Kumaj. What's interesting about him is that he has he's been issued 110 |
| 0:50.5 | patents and he has 250 more pending patents which is crazy. |
| 0:56.0 | So I want to talk to him actually about the patent business and |
| 0:58.8 | how he started down this path and how he accumulated so many patterns and all that. |
| 1:04.6 | So, Lee, thanks for coming. |
| 1:06.0 | How you doing? |
| 1:07.0 | Richard, it's always a pleasure, pleasure to be with you again. |
| 1:10.6 | And since we talk last actually, as claim goes on, even more patents actually, I now have approximately 130 issued patents. |
| 1:18.5 | But we're on the sole inventor, and you are correct, approximately 250 pending with the patent office. |
| 1:24.8 | More to come, we would hope. |
| 1:26.1 | What started you down this path? |
| 1:28.9 | Like, how did you give the idea that you know, you want to do something with your ideas such as filing a |
| 1:33.7 | patent. You know it's like saying to someone how why do you play the piano I |
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