I call him a patent troll because he has a patent for something that should never have been given one for something so obvious. You shouldn't get patents for things that are so stupidly obvious like putting a wire in a clothing. Non-obviousness is something that someone of average skill wouldn't be able to figure out how to do it. Putting a wire in clothing is about as obvious as possible.

mark cubansthoughts on yahoo patent trolling facebook

http://blogmaverick.com/2012/03/13/i...s-patent-suit/

You should understand the definition of something before making accusations which are not correct.

The definition of a patent troll is someone who buys a patent with 'no intention to further develop, manufacture or market the patented invention and then sues a corporation who has infringed upon their patent.'

The definition of a patent troll has nothing to do with whether TomCollins from 2+2 Forums, Mark Cuban, or anyone else think that the individual 'should not have received a patent for a particular product/invention etc.'

That's actually not true, Guvnor.

at first, I was like "what?" then I was like "yeah, that's what."

why do kevin and robert pretend they're american?

just watched ep 2 of season 3 and roberts all crying about his dad getting made fun of at his factory job in america for being a foreigner? WTF? that wasn't even in the US...

Because most Americans only can relate to the USA and have no clue understanding anything but GO USA

yeah i get that, but they could edit it for the same effect without straight up lying. seems a little silly to me.

Last time I checked Canada was part of America.

last time i checked, nobody in the usa or canada uses "america" to mean anything more than USA.

If anybody saw the last EP of Shark Tank the dude who was pushing the basketball practice device would of hit a homerun if he sold his product for like $100 not $500 (lol) Nobody is going to pay $500 a whack for a basketball accessory in an average household. Maybe people would pay $500 for a basketball hoop but not equipment that isn't neccessary for playing , only improving.

nobody is gonna pay for $100 for that in an average household either. the only market is basketball coaches/teams/gyms/etc, plus maybe a few insane parents who think their kid is the next michael jordan. it could never be a huge business.

Yeah true , idk $50-$75 seems fair. Also seems like he could get that manufactured for way less oversees. Pretty good idea though imo considered there's a big market out there for it.

it's not the price... it's that nobody wants that thing.

Point acknowledged, agree to disagree.

I definitely think a market exists, it's just not that big of a market.

I would definitely think high school/college basketball teams would be interested. But 500$ is ridiculous, and you could never sell enough at 50$ to make it worth it.

as i said, the market is teams/coaches/gyms/etc. not every driveway with a basketball net.

it requires someone to operate it - ie. the coach or a crazy parent. kids are never gonna use that thing when they could be playing 1 on 1 instead.

i agree 100% with stinkypete

seems to be a problem with a lot of entrepreneurs that they just want to target everyone, rather than just being successful in the niche their product is obv made for.

i feel like $150-$200 would have been optimal.

Why was the music guy even on the show to begin with just to sell 8% if he just finished a round with Google? I wonder if his plan A was to go on the show willing to forgo the 2% just for the promotion, knowing he had backing to get the money if the sharks said no?

Which leads to my next question: if the entrepreneur ends up making a deal, does he/she give the 2% royalty on top of the deal or is it basically waived if a deal goes through? So for the music guy who made the 8% deal, does he now give up 10% or is the 2% included in the 8?

IMO he was on the show both for the free promotion/advertising of his app as well as to score another big name investor like Cuban. Being able to say Google, Mark Cuban, JT, and others have invested in his company makes for a pretty amazing story. He's collecting names to drop so that when he goes for a C round it'll be easier for him to sell that 100MM or 1B evaluation.

i thought the music app was a real cool idea but it was obv the guy was there just to plug his product , i would much rather see people who actually need the money or help than people who are just going on to promote their business .

Yeah probably free promotion. What a great business product it's going to be wicked successful imo.

the canadian version with those guys is rife with misrepresentation.

KO sold his company for $4B...... which he owned 1%. but the show and kevin just let the $4B hang there.

and robert is described as best selling author as part of his credentials for being on show. but the book sales are because he's on show.

a financier in canada named mark mcqueen has a blog that has just ripped KO in the past. he may have stopped though

The only revenue this app appears to have generated is $40,000 in music sheet sales since the app is free. Even though the app is free it's only had 80,000 downloads? That is a pittance really online nowadays. I just don't see how it's worth the $3 to $5Mil their rounds of financing indicate but he did say there is more software as part of the deal. Just seems very rich.

I am beginning to wonder how good of a partner these Sharks can actually be. On episode after episode I see where business owners are eager to give the sharks way more equity than they deserve for a chance to use their knowledge and connections. And while I know the knowledge and connections these guys have are very valuable I wonder how much access these sharks are willing and/or able to give.

Take Mark Cuban's deal with Stephan who owns Tower Paddle Boards. Stephan took Cubans offer of 30% for 150k instead of Kevin's 25% for 150k. It was clear that Cuban would be the better partner for him. But how much of Cuban will Stephen get in exchange for that equity? Cuban has an NBA team, a TV network, a film distribution business, a chain of movie theaters, and dozens of other businesses and ventures that take up his time. I can't imagine Stephan is going to get a whole lot of help from Mark. There won't be any direct line to Cuban's phone. He'll have to wait in line behind other ventures that are more important to Cuban. And when he finally gets some time with Cuban he'll still be talking to a guy that knows nothing about paddle boards or the paddle board market.

Of course in other cases it can be quite valuable. If you have a QVC-type product giving up equity for Lori could be a no-brainer. But by and large it seems to me that most people on the show are way too eager to give up their equity for a chance to work with people who may not be worth it.