Most companies that scored a high-profile recruit like IP lawyer Sanjay Prasad would trumpet it by blasting press releases at the tech and law media. But when you’re Intellectual Ventures, the remarkably secretive-and fast-growing-Seattle patent holder, you don’t even put his profile on your Web site.
Formed in 2001 by Nathan Myhrvold and Edward Jung, respectively the former chief technology officer and chief software architect at Microsoft Corp., the company has been buying, creating and licensing intellectual property at a fast clip. With so many patents and a rising number of lawyers, big tech companies have voiced concerns about the power of IV’s patent portfolio.
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