INTELLECTUAL PROPERTY AS A FINANCIAL ASSET OMER HIZIROGLU

INTELLECTUAL PROPERTY AS A FINANCIAL ASSET OMER HIZIROGLU, CLP General Partner TWITTER: @omerhizir OMER HIZIROGLU © 2015

What is this? Human-Machine Collaborative Robotic Systems. John Hopkins University

So is this?

Difference? • Patent as a financial instrument vs. Financial services patents • Challenge in financial service patents: • Software • Business methods

Patent as an asset • Right to exclude & right to practice • IP driven competitive advantage • Financial asset in balance sheet • As a startup capital • Value driver in a cross-licensing negotiation • But also a strategic value: Offensive & Defensive • Financial asset? • Free transfer • What other value?

Monetizing patents without practicing • NPEs • Evil trolls? • Necessary evil? • Part of the ecosystem? • What is the NPE business model? • Enforcement • But also adding on innovation and licensing • Remember: Universities are NPEs

Response • Defensive aggregators

PATENTS and TRADING • IPXI

INVESTMENT CONSORTIUMS • Rock Star

OTHER OPPORTUNITIES • Osage Partners

GENERALLY SPEAKING • When it comes to IP, one must look beyond the 4 corners of the patent document • It is not just a symbol of an entities’ innovative capacities • It’s the result of a systematic, long term strategy • It’s the strategy that creates the patent portfolio, not the other way around • Final note on valuation challenge: • Difficult and dangerous game for early stage technologies • Bubble (we are in a sellers market)

REFERENCES • FOLLOW: • IAM MAGAZINE • People who turn IP into gold: IAM 300: http: //www. iam-media. com/Blog/Detail. aspx? g=58 bc 8 -06 fe-46 f 2 -86 ee-98 af 2867 ec 81 • LES NOUVELLES • TO GET INVOLVED: • LES TURKEY. www. les-turkey. org

Thank you. Omer Hiziroglu, CLP Partner, DCP omer@dcp. vc Twitter: @omerhizir