It’s bad for my little companies. It’s horrific for bigger companies. It’s so bad that major tech companies are buying big collections of patents not because theyher want to own the intellectual property but rather because they want the ability to respond to patent lawsuits with a lawsuit of their own. It’s like playing a game of thermo nuclear war. If all sides have “nuclear patents” they can respond to patent litigation with equal force
Google just bid $900mm to buy a patent collection. Those patents ended up being sold for $4.5BILLION dollars . That is money that for could have gone to job creation.
A good example where institutions can go wild on something not productive due to competition pressure