Jaime Siegel is CEO of Cerebral Assets, a multi-purpose IP advisory. Cerebral Assets provides global IP strategy consulting, deal facilitations and brokerage services, as well as expert witness services relating to patent and technology licensing and damages. His clients cover the full spectrum – from Fortune Top 10 companies to early stage start-ups.
Mr. Siegel is also a World Intellectual Property Organisation designated neutral (mediator/arbitrator), and a National Trustee of the Rock & Roll Hall of Fame & Museum.
Mr. Siegel has extensive experience in international IP monetization, enforcement, valuations and strategic acquisitions. Most recently, he was executive vice president of licensing for Acacia Research Group, responsible for the public company’s revenue. Before Acacia, Mr. Siegel spent more than 15 years at Sony and served as chair of the board of MPEG LA. He was previously an associate attorney at IP firms Fish & Neave and Kenyon & Kenyon, and an engineer in the aerospace industry.
One thing is certain in these tumultuous times, the business of patents has changed. The days of bulk buying at $10,000 per patent have ended; public IP companies are under legislative and shareholder pressure; and, IPR’s have significantly impacted the value of weak patents. These are just some of the examples of significant business changes. So what is a patent owner to do when they want to monetize their patents? There are only three options for patent owners: they can license their patents, they can sell their patents or they can do nothing.