Grazed from CBS. Author: Editorial Staff.
The same week that Alex Haro and Chris Hulls raised $50 million for their mobile app, Life360, the business partners got a letter. It said they had three days to pay licensing fees
to a company they had never heard of because their app violated its patented technology.
Haro and Hulls traced the company, Advanced Ground Information Systems, to a coastal home in Jupiter, Florida, with a phone
number that initially went to an anonymous voicemail. They couldn’t find any employees on LinkedIn. To Haro, it was “a punch in the gut,” he said…
On the other side of that letter was Malcolm “Cap” Beyer, Jr., a 76-year-old who had filed patents a decade ago on cellphone mapping. He said his attorney told him that he had a strong case against the startup, even though the general technology had been widely used for years. Beyer insists the mobile app’s $50 million in fundraising had nothing to do with it…
Read more from the source @ http://sacramento.cbslocal.com/2015/04/18/patent-trolls-a-costly-problem-for-tech-industry/sacramento.cbslocal.com/2015/04/18/patent-trolls-a-costly-problem-for-tech-industry/
