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Not nearly good enough as an answer. I've watched dozens of investors pressure founders about patents. Usually it's in the guise of the valuation of a company - what intellectual property am I investing in? - and the idea of defending himself later is used as a rationalization.

It doesn't matter at all whether Fred's firm does this. Union Square Ventures isn't suing Facebook either, that's another behavior they're not engaging in. They're also not actually coding software.

What matters is that Fred wrote a seething post about the patent system without mentioning how many if not most bogus patents get created in the first place - at the urging of the other guys on his side of the table.


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