אודות פרק זה
Stephen Key has spent approximately $500,000 on patents over the course of his career as a product developer. Some became extremely valuable. Others taught him when a patent may not be worth the investment.
With more than 29 patents to his name, Stephen has filed internationally, defended his intellectual property against LEGO in federal court, and sold a patent portfolio for millions of dollars. In this video, he shares what those experiences taught him about using patents from a business perspective — whether you're licensing a product, building a company, or trying to determine how much intellectual property you actually need.
You'll learn:
When a patent can add real business value — and when it may not
Why Stephen often starts with a provisional patent application
Why validating your idea and understanding its point of difference should come before spending heavily on patents
How prior art nearly derailed Stephen's opportunity with Procter & Gamble
What a federal patent dispute with LEGO taught him about the realities of enforcement
Why detail, drawings, variations, and workarounds can make your patent strategy stronger
Stephen also explains why he views patents as valuable selling tools — helping create opportunities with licensees, investors, and business partners — rather than simply documents that sit on a wall.
Want help licensing your product?
Developing a licensable product is one challenge. Getting it in front of the right companies and decision-makers is another.
With inventRight Gateway, our team creates your marketing materials, identifies appropriate companies, reaches out to decision-makers, manages the follow-up, and helps you navigate licensing discussions.
→ Learn About inventRight Gateway: https://inventright.com/gateway
→ Schedule a Free Consultation With a Licensing Expert: https://inventright.com/contact
Chapters
00:00 Do Patents Really Protect Your Invention?
00:16 Why Stephen Key's Patent Experience Matters
01:57 What Stephen Learned From Spending $500,000 on Patents
03:03 How Much Does It Cost to Defend a Patent?
05:00 When Is a Patent Actually Worth It?
08:28 Should You Validate an Idea Before Filing a Patent?
09:03 What Is a Provisional Patent Application?
10:01 Why Stephen Doesn't Recommend Starting With a Full Patent
11:10 How to Make a Provisional Patent Application More Valuable
12:06 How Patents Can Help You License an Invention
13:00 Can You Use AI to Write a Provisional Patent Application?
14:04 Why You Should Do a Prior Art Search
16:02 What Procter & Gamble Taught Stephen About Prior Art
22:00 How to Write a Strong Provisional Patent Application
23:02 Why Detail Matters in a Patent Application
24:12 Utility Patents vs. Design Patents
26:03 Can a Patent Really Stop Someone From Copying You?
27:55 How to Choose the Right Patent Practitioner
🎥 Subscribe to inventRightTV for weekly videos on licensing, product development, entrepreneurship, patents, and bringing ideas to market.
For over 27 years, inventRight has helped inventors license inventions.
⭐ Testimonials from inventRight clients: https://inventright.com/testimonials/
🏆 Products licensed with inventRight help: https://inventright.com/products/
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC. or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that inventRight, LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
With more than 29 patents to his name, Stephen has filed internationally, defended his intellectual property against LEGO in federal court, and sold a patent portfolio for millions of dollars. In this video, he shares what those experiences taught him about using patents from a business perspective — whether you're licensing a product, building a company, or trying to determine how much intellectual property you actually need.
You'll learn:
When a patent can add real business value — and when it may not
Why Stephen often starts with a provisional patent application
Why validating your idea and understanding its point of difference should come before spending heavily on patents
How prior art nearly derailed Stephen's opportunity with Procter & Gamble
What a federal patent dispute with LEGO taught him about the realities of enforcement
Why detail, drawings, variations, and workarounds can make your patent strategy stronger
Stephen also explains why he views patents as valuable selling tools — helping create opportunities with licensees, investors, and business partners — rather than simply documents that sit on a wall.
Want help licensing your product?
Developing a licensable product is one challenge. Getting it in front of the right companies and decision-makers is another.
With inventRight Gateway, our team creates your marketing materials, identifies appropriate companies, reaches out to decision-makers, manages the follow-up, and helps you navigate licensing discussions.
→ Learn About inventRight Gateway: https://inventright.com/gateway
→ Schedule a Free Consultation With a Licensing Expert: https://inventright.com/contact
Chapters
00:00 Do Patents Really Protect Your Invention?
00:16 Why Stephen Key's Patent Experience Matters
01:57 What Stephen Learned From Spending $500,000 on Patents
03:03 How Much Does It Cost to Defend a Patent?
05:00 When Is a Patent Actually Worth It?
08:28 Should You Validate an Idea Before Filing a Patent?
09:03 What Is a Provisional Patent Application?
10:01 Why Stephen Doesn't Recommend Starting With a Full Patent
11:10 How to Make a Provisional Patent Application More Valuable
12:06 How Patents Can Help You License an Invention
13:00 Can You Use AI to Write a Provisional Patent Application?
14:04 Why You Should Do a Prior Art Search
16:02 What Procter & Gamble Taught Stephen About Prior Art
22:00 How to Write a Strong Provisional Patent Application
23:02 Why Detail Matters in a Patent Application
24:12 Utility Patents vs. Design Patents
26:03 Can a Patent Really Stop Someone From Copying You?
27:55 How to Choose the Right Patent Practitioner
🎥 Subscribe to inventRightTV for weekly videos on licensing, product development, entrepreneurship, patents, and bringing ideas to market.
For over 27 years, inventRight has helped inventors license inventions.
⭐ Testimonials from inventRight clients: https://inventright.com/testimonials/
🏆 Products licensed with inventRight help: https://inventright.com/products/
inventRight, LLC. is not a law firm and does not provide legal, patent, trademark, or copyright advice. Please exercise caution when evaluating any information, including but not limited to business opportunities; links to news stories; links to services, products, or other websites. No endorsements are issued by inventRight, LLC., expressed or implied. Depiction of any trademarks/logos does not represent endorsement of inventRight, LLC, its services, or products by the trademark owner. All trademarks are registered trademarks of their respective companies.
Reference on this video to any specific commercial products, process, service, manufacturer, company, or trademark does not constitute its endorsement or recommendation by inventRight, LLC. or its hosts. This video may contain links to external websites that are not provided or maintained by or in any way affiliated with inventRight, LLC. Please note that inventRight, LLC. does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
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חיפוש פרקים ישנים
חפש פרקים קודמים של Launch Your Product with Stephen Key.
פרקים אחרים בפודקאסט הזה
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Industrial designers are trained to look beyond the first version of an idea. They study the problem, ask questions, research different solutions, create prototypes, gather feedback, and continue iterating as they lea…
Can product licensing do more than earn you royalties?
For inventor and entrepreneur Mohamed Ali, it became a way to validate his idea, gain valuable experience, and generate the capital he needed to eventually build a manufacturing company of his own.
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You don't need to build a company to get your product on shelves.
In this video, Stephen Key breaks down the real truth about bringing a product to market—the steps, costs, and decisions that actually matter. Whether you're considering licensing or venturing your product, this is the unfiltered r…
Is product licensing really a good way to turn your ideas into products? Or are you better off manufacturing and selling your products yourself?
Stephen Key has done both. He's licensed ideas to companies and collected royalties, but he's also ventured products himself, built a business, managed…
הצהרה: הפודקאסט והגרפיקה המוטבעים בדף זה הם מ-Stephen Key, שהוא רכושו של בעליו ואינו קשור או מאושר על ידי Listen Notes, Inc.
