Trade Secrets Are More Than This
Great post by Tim Schnurr this morning. If you want to read a slightly contrarian view, read his article and then my comment below!
As a 30+ year insurance geek, I believe that if you can value an asset or potential loss (determine the VaR), you can insure it. This was the basis from which we created InnovationGuard, first party trade secret insurance. Brokers and carriers tried to do this for years and never cracked the code because prior solutions didn't solve this issue. We have.
Being able to get insurance checks 10 boxes: SEC compliance, Board protection, solvency and liquidity, smooths earnings, etc....Eventually (as capital markets realize the value) it becomes the backbone for lending to companies that don't otherwise qualify for traditional loans because their only assets are intangible IP.
As a bonus, becoming Crown Jewel Validated (which by the way includes the help of partners like Dylan Dryden, Tim Schnur and others) protects not only the downside loss of the assets' value, but by putting a robust TSARM process in place, creates an amazing defensive position against incoming allegations of either trade secret misappropriation or patent infringement (the defense costs alone can be in the millions). Want a shield against the Goliath who sues you for patent infringement? Document your innovation as its being created.
Read Tim Schnurr’s blog post on LinkedIn:
https://lnkd.in/ea68VrjA
