From Forbes Perot backs $200m bet on patents
Ross Perot is investing in what I call"New American Business Model"
Maybe he wants to be Like Bill
Billionaire Ross Perot is the principal investor in a $200 million private equity fund set up to buy companies with undervalued patent portfolios--the first time that a private equity fund has been established solely to invest in intellectual property.
Patents have recently become hot property. Just in the last two years, a number of small companies armed with patents but little or no product scored big patent-infringement victories against large businesses
The practice of acquiring intellectual property for profit, also called patent trolling, has been around for some time. However, this is the first time that a prominent investor would throw so much money in the game