Tech Giants Bankrolling IP Hoarding Start-Up

Microsoft alum Nathan Myhrvold so strongly believes intellectual property is the next software that he’s studying for the patent bar exam. His company, Intellectual Ventures, doesn’t actually make anything — only patent attorneys roam the hallways. Myhrvold isn’t the only true believer. Microsoft, Intel, Sony, Nokia, Apple, Google, and eBay have contributed to a $350M bankroll which the firm is using to buy up existing patents that can be rented to companies who want to produce real products — via Slashdot