Intellectual Ventures Made About $700 Million In 2010 Revenues

Posted Mar 13, 2011

Intellectual Ventures is a company known for applying for tons of patents. They make a lot of money from forcing companies into paying them for royalties. It turns out that Intellectual Ventures made $700 million in 2010 licensing revenue or $2 billion total to date. Intellectual Ventures was started by former Microsoft CTO Nathan Myhrvold. Some people believe that Intellectual Ventures is a patent troll, but if you have read Superfreakonomics, you will learn that the company is involved in creating some useful inventions. [TechFlash]