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Posts Tagged ‘ patent Properties ’

Conversation with Jay Walker and Jon Ellenthal, Part 3

Posted: Thursday, Jul 17, 2014 @ 8:00 am | Written by Gene Quinn | 1 Comment »
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Posted in: Gene Quinn, Interviews & Conversations, IP News, IPWatchdog.com Articles, Licensing, Patent Business & Deals, Patents

Jay Walker

This is the final segment of my interview with Jay Walker and Jon Ellenthal. To start reading from the beginning please see A Conversation with Priceline.com Founder Jay Walker.

WALKER: Let me give you an example, Gene, that would be simple.  I would like to be the nonexclusive agent for your blog in South America.  All right?  I think I can get people in South America to pay to read your blog.  Because how it works in South America they pay to read blogs.  I don’t know how much I’m gonna generate for you, Gene, but you can revoke it at any time.  I won’t license to any of the major television networks, publishers, et cetera, I’ll only license to small people.  And 85% of any money I collect in South America for the blog licenses that I generate for you I’m going to give you.  Would you be willing to list your blog with me to try to generate revenue for you in South America?

QUINN: Yeah, I mean that’s a no brainer.

WALKER: There you go. It’s no different.   Exactly the same.  It’s a no brainer.  Listing with us is a no brainer.  The only reason you wouldn’t list with us if you didn’t want to have a nonexclusive agent.  If you only wanted to license on an exclusive basis.



Jay Walker’s No-Fault Patent Licensing System Takes Shape

Posted: Thursday, May 15, 2014 @ 8:00 am | Written by Gene Quinn | 4 comments
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Posted in: Gene Quinn, IP News, IPWatchdog.com Articles, Patent Business & Deals, Patents

Jay Walker, Priceline.com founder.

On Monday, May 12, 2014, Patent Properties, Inc. (OTCQB: PPRO), the brainchild of Priceline.com founder Jay Walker, announced the appointment of Robert Stoll, former Commissioner for Patents at the United States Patent and Trademark Office, to Chair the Patent Properties Advisory Board. Joining Stoll on the Board will be Mona Sutphen, former White House Deputy Chief of Staff for Policy for President Obama; Vinit Nijhawan, Managing Director, Office of Technology Development and Lecturer in the Entrepreneurship Programs Office at Boston University; Louis Foreman, CEO & Founder of Edison Nation; and Stephen Merrill, former Executive Director of the National Academies’ Program on Science, Technology, and Economic Policy.

The purpose of the Board is to advise Patent Properties’ senior leadership on business, policy, regulatory, and legal issues related to the development, launch, and growth. Board members will serve in an advisory capacity without operational or decision-making responsibilities.

But what is Patent Properties?



Walker Digital Merger Complete, More Patent Lawsuits Coming

Posted: Thursday, Sep 26, 2013 @ 12:07 pm | Written by Gene Quinn | 12 comments
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Posted in: Gene Quinn, IP News, IPWatchdog.com Articles, Patent Business & Deals, Patents

Jay Walker

Earlier this month GlobalOptions Group, Inc. (“GlobalOptions”) (OTCBB:GLOI) and Walker Digital Holdings, LLC, a wholly-owned subsidiary of Walker Digital, LLC (“Walker Digital”), announced that they completed the previously announced merger of the two companies. The newly formed entity consists of the patent portfolio created by Walker Digital, the research and development lab led by renowned inventor, entrepreneur and Priceline (NASDAQ:PCLN) founder Jay Walker. Walker, who is named on more than 450 issued and pending U.S. and international patents, is one of the most prolific individual living inventors.

The merged company will seek a corporate name change to Patent Properties, Inc. as expeditiously as possible. All of the patents owned by Patent Properties, Inc. were developed internally by Walker Digital, with Jay Walker as a named inventor on all issued patents and the lead inventor on most of the patents in the portfolio. Currently the Company’s patent portfolio includes 377 granted patents and 94 pending patent applications.

Prior to the merger, GlobalOptions Group provided risk mitigation and management services, including forensic DNA analysis, proprietary DNA collection products, and related research services to law enforcement agencies, federal and state governments, crime laboratories and disaster management organizations. Thus, this merger seems in some ways to be a backdoor way for Walker Digital to obtain a ticker symbol for trading purposes.