1. Jorge M. Torres
Silas Capital
February 15, 2012

2. ABOUT ME
• Undergraduate work in Biophysics and
Biochemistry
• IP Attorney since 2002
– Clerkship at Federal Circuit
• Currently, principal investing at Silas
Capital
• Member, Kauffman Fellows Program

3. IP MEGATRENDS
Fragmented IP Convergence
Big Data
Rights of IP & Finance
• Patent • Analytics and • Risk transfer
Aggregation business (insurance)
• Litigation intelligence • Exchange
management • Predictive traded
& avoidance modeling securities

4. COMPLEXITY & COMPONENTIZATION
250,000
Patented
Inventions
Inside

5. Highly Fragmented IP Ownership
Source: www.ambercite.com

6. LITIGATION
Litigation
Fragmented
Patent Rights
Complexity &
Componentized
Design

7. WHAT SHOULD WE DO?

8. WHAT SHOULD WE DO?

9. ENTREPRENEURSHIP
• We should innovate.
• We should support innovators.

10. NPES ARE INNOVATING
Source: Coller Capital

11. WHERE IS MORE ENTREPRENEURSHIP
NEEDED?
ENTREPRENEURSHIP WHITE SPACE

12. WHERE IS MORE ENTREPRENEURSHIP
NEEDED?
ENTREPRENEURSHIP WHITE SPACE

13. FURTHER READING:
• Torres, J.M., “Intellectual property and
venture capital,” Intellectual Asset
Management, 50: 16-20.
• Torres, J.M., “IP and VC: A framework for
funding disruption of the intellectual
property markets,” Kauffman Fellows Report
(forthcoming).
• Nonbillables Blog: www.nonbillabl.es

14. THANK YOU