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Posted by on Feb 20, 2008 in Uncategorized | 2 comments

Liveblogging from Markets for Technology Conference

One great thing about being next to Duke University is that we get to sit in on a lot of national and international conferences about topics relevant to Shoeboxed. Today, I am sitting in on a conference about intellectual property and ecommerce, two things we are obviously interested in over here.

Ecommerce Conference at Duke’s Fuqua School of Business

Conference website.

The people involved in the conference are:

Iain M. Cockburn, Professor of Finance and Economics and Everett W. Lord Distinguished Faculty Scholar in the School of Management at Boston University.

Wesley Cohen, Faculty Director, Center for Entrepreneurship and Innovation at Duke’s Fuqua School of Business.

Dr. Irving Wladawsky-Berger, the former Vice President of Technical Strategy and Innovation at IBM.

Lew Zaretzki, Vice President of Consulting Services at ThinkFire

Tony Tramontin, an Associate Principal in McKinsey & Company’s New York office.

James E. Malackowski, the President and Chief Executive Officer of Ocean Tomo, LLC, an integrated Intellectual Capital Merchant Banc firm.

They are talking pretty theoretically right now about what defines and determines markets. Will there be a more efficient and and pure market for intellectual property somewhere in the future? Right now, we are seeing a lot of “patent trolls” for example, that buy up a lot of IP, but do not use them right away, causing the market to be less efficient. Is this bad? Should it change? Will it?

More to come in the comments section…

  • http://www.shoeboxed.com Dan

    According to the panelists, these are the key impediments to the growth of IP markets:

    1. Fear of transacting because you don’t know the future value of IP.
    2. Few derivative markets that are known when transacting.
    2. Not all information is available. Hard to trust what other people say about their IP. Lack of mechanisms to establish a fair price.
    3. Ideas have a potential for value, but not necessarily value. Prospective market.
    4. Since so many innovations fail to become commercially viable, the risk is really the most prohibitive factor in making this a pure market.
    5. Innovations are not all the same. You don’t have the same efficiency that you have in financial markets where the whole value is consolidated in the price

    Wow, this is a lot more theoretical than I was expecting.

  • http://www.shoeboxed.com Dan

    They’ve talked a lot about how few innovations actually end up getting funded or even partially funded. Shoeboxed has certainly made it a long way since 2006, and we’re obsessed with our investors. It sure is a validation, though, that the innovations that Shoeboxed has created are worth something, and that we expect them to keep improving and adding value to people’s lives.