The intangible investor: Priceline founder says he can fix “totally broken” licensing system
Prolific inventor Jay Walker says new ideas are needed to make innovation less contentious. He is convinced that ‘no fault’ patent licensing will make it happen
Jay Walker is no stranger to big ideas. Walker – a successful entrepreneur who founded Priceline.com (NASDAQ: PCLN), an early online auction business that was slow to start, but now has a market value of $40 billion – wants patents to be part of a marketplace.
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