Watch DataNovo launch on stage here.
This interview with DataNovo founder Alex Chan (left) was conducted by the team at Job Portraits during preparations for the LAUNCH Festival.
Let’s start with your elevator pitch. What are you guys up to?
We are a legal analytics startup. Our job is to assess the strength of patents to provide predictive analytics to forecast, with reasonable accuracy, how likely a patent is to be valid or invalid.
Why this problem and why are you the right people to solve it?
Patent litigation has been on the rise since at least 1980. If you are an active technology company, you will inevitably face intellectual property (IP) disputes or lawsuits from competitors or patent assertion entities, otherwise known as “patent trolls,” whose goal is to use aggressive litigation tactics to coerce companies into quick settlements. Coupled with patent privateering, a business practice that transfers IPs to patent trolls to target downstream competitors, there is no end in sight to patent litigation.
DataNovo helps litigants better prepare their due diligence and avoid meritless litigation early on and throughout trial. We do that by assessing the strength of patents and offering actionable recommendations to maximize your chance of winning. We also highlight issues that are not worth pursuing, allowing you to focus on issues that are. In this way, DataNovo allows litigants to level the playing field.
We're the right people to solve this problem because our team is made up of a math wiz, a backend prodigy, and a legal expert. We have the backbone and the foundation to create an analytics platform that is not only fit for lawyers and law firms, but also startups and companies on both sides of litigation.
In the month after you launch onstage, what are you hoping to achieve?
With LAUNCH, we want to create awareness about what patent litigation is and how it impacts startups in Silicon Valley. We want to improve the startup ecosystem and improve the competitive landscape that we all cherish. Often, when a startup gets a cease-and-desist letter, it has no idea what to do. Clearly, it doesn't want to say, “I had to shut down my startup because I was sued and I ran out of money.” Yet that happens every day, and it's happening in other industries outside of the tech community here in Silicon Valley. At LAUNCH we want people to believe in what we’re doing.
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