Intellectual Ventures News
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According to a story in Businessweek, the company has started turning a number of its ideas into products , ranging from hydration sensors to waterless washing machines and self-healing concrete. The story reveals some new tidbits about IV, including that it pays inventors $17,000 per idea, has a new start-up fund and that one of its cofounders got tossed out of school for hacking.
Intellectual Ventures, which has been the scourge of the tech industry for years, may be in trouble after reportedly laying off 20 percent of its staff.
Intellectual Ventures, the Bellevue-based patent firm ran by former Microsoft CTO Nathan Myhrvold, announced it would cut about 140 employees.
Updated: Tue Sep 16, 2014 01:03 pm
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