Apr 24, 2009
The discussion continues on the IP valuation front. Joff Wild added a reader response to his original "myth buster" post regarding IP valuation myths. The response is written by Nir Kossovsky, executive secretary of the Intangible Asset Finance Society and CEO of Steel City Re. The relevant part reads:
Our current markets are volatile because value is uncertain. International accounting standards suggest that all assets be valued at market. There is considerable push back in the US because the market is damaged and ... Read More
Apr 21, 2009
The newest Intellectual Asset Management Magazine (IAM) revisits what is probably the most important, and most troubling, issue pervading the IP market today: Intellectual property valuation. I have visited the topic in a number of posts, and this trend probably won't stop anytime soon. The IAM article is another step in the right direction, authored by Pat Sullivan, who has taken the reigns on the conversation of standard setting in IP valuation.
While I encourage everyone to find this issue of IAM, if not every issue, I understand it ... Read More
Apr 9, 2009
As individuals and small businesses look to secure funding during a credit freeze, finance innovation has led to a jump in IP-based funding. In 1997, David Bowie opened eyes when he issued asset-backed bonds on the basis of future royalties, raising over $55 million. This year, Annie Leibovitz, the famed photographer for Rolling Stone and Vanity Fair, secured $16 million in loans by pledging her life's work of copyrights. The practice is not exclusively available for stars, however, as companies are turning ... Read More
Mar 31, 2009
I returned from the Ocean Tomo Spring 2009 Conference and Auction in San Francisco with a head full of questions about the status of the market. The market continues to grow, and that is a fact evidenced by the number of professionals and market participants that attended the conference. Nevermind the dismal auction results, which will be the subject of another post, the conference itself and the overall optimistic and enthusiastic mood of discussion that buzzed through the rooms and halls of ... Read More
Mar 24, 2009
As a corporate law practitioner, an interesting IP question that pops up with more regularity is whether and under what circumstances a director of a corporation may be held personally liable for mismanagement of intellectual property. This question is usually not posed with reference to conflict of interest possibilities, but instead with regard to the duty of care and its implications on maintaining complete information and making sound decisions with regard to that IP. Of course, many board members don't completely understand the ins ... Read More
Mar 24, 2009
I will be in San Francisco this week for the kick-off of the IP Markets 2009 series (lets hope its a series) and the live IP auction hosted by Ocean Tomo. Let me know if you will be in SF this Thursday or Friday and would like to meet.
Rumors have been flying about the economy's negative effect on sale prices for the IP in this auction's catalog, and on IP value in general. This event will be a great indicator of the economic ... Read More
Mar 18, 2009
A few months ago a post on Joff Wild's IAM blog sparked a great debate about the valuation of IP, the difference in valuation contexts, and the viability of a practical approach. Jumping into the discussion late, Michael Martin of Broken Symmetry posted a "final word" comment on Wild's post and on Broken Symmetry. A few of his words moved me to revisit the IP valuation discussion on IP Prospective with a few of the standard-setting initiatives that have commenced, old and new.
One of ... Read More
Mar 11, 2009
March 26-27 - Ocean Tomo commences its IP Markets 2009 campaign with their Spring IP Auction at the Ritz in San Francisco. This auction is important for Ocean Tomo, as they have recently undergone a restructuring, and rumor has it that their Summer and Fall auctions could be postponed due to the economic climate and its possible impact on pricing. The conference begeins on Thursday, with three panel tracks covering IP in M&A, Buying & Selling IP, and Greentech IP and Investing. ... Read More
Mar 6, 2009
In a letter sent to President Obama this week from the Licensing Executives Society (LES), the new administration was asked to consider three initiatives to improve the marketplace for intellectual property. According to the LES press release "[t]he United States must do more to help innovative ideas and products reach the marketplace," and there needs to be new measures taken so that technology transfer and the commercialization of intellectual property is made easier and more efficient. Three specific initiatives were set forth ... Read More
Mar 3, 2009
In what has been touted as a sequel to TARP, the Fed and Treasury launched the Term Asset-Backed Securities Loan Facility (TALF) today to try and shore up small business loans. In short, the Federal Reserve Bank of New York will lend up to $200 Billion to eligible owners of eligible collateral that seek funding. I emphasize "eligible" because the money only applies to entities that own certain asset-backed securities that are of the highest grade of investment. In other words, loans will ... Read More