Patent protection would take years to be approved. Even if it is approved, how they can prevent their ideas being stolen during the application.
Also, ideas are often not worthy. Big tech can come up better solution better execution so how can one protect their ideas ?
For example, in the early stage of youtube, big tech have all the resources to recreate a similar platform but why didnt they do that ? If youtube was not just popular at that time, will their ideas silently stolen by big giant ?
In: 6
Secrecy and patents and money and execution.
It doesn’t matter how long it takes to get a patent. The protection begins as soon as you properly document the invention. It might take years to get the patent and get an injunction and sue the thief, so you need enough money to survive until then.
If someone big decides to steal your invention, you need to out execute them. You have a head start, and you then need to innovate faster than they do. That’s not easy, and it takes money. In the end, your best move is sometimes to be acquired by the big guy.
It’s also helpful to stay somewhat under the radar until you have a working, marketable invention. If you can associate the invention with your brand it gives you an advantage against even a big competitor. Of course, it’s tricky to stay unknown and raise money at the same time.
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