8. IP
• 1) early stage investment
– Startup valuation = IP + manpower (esp. Tech based startup)
– compatible
• 2) copycat
– take down the copycats to defense the market share
• 3) overseas patent guarantee
– US is the most important
• 4) growth stage operation
– Patent priority is based on filing date
– Xiomi case (patent strategy should be steadily done)