Sift Science says it can sniff out cyber fraud — before it gets expensive
9 weeks ago by jm
Great idea for a startup. This stuff is complex, right in the heart of every company's ordering pipeline, and I can see a lot of customers for this
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anti-fraud
fraud
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b2c
ecommerce
startups
aws
9 weeks ago by jm
How Newegg crushed the “shopping cart” patent and saved online retail
january 2013 by jm
Very cool account of Newegg's battle against a ludicrous patent-troll shakedown. Great quote from their Chief Legal Officer, Lee Cheng:
patent-trolls
east-texas
newegg
shopping-cart
swpat
software-patents
patents
ecommerce
soverain
Patent trolling is based upon deficiencies in a critical, but underdeveloped, area of the law. The faster we drive these cases to verdict, and through appeal, and also get legislative reform on track, the faster our economy will be competitive in this critical area. We're competing with other economies that are not burdened with this type of litigation. China doesn't have this, South Korea doesn't have this, Europe doesn't have this. [...]
It's actually surprising how quickly people forget what Lemelson did. [referring to Jerome Lemelson, an infamous patent troll who used so-called "submarine patents" to make billions in licensing fees.] This activity is very similar. Trolls right now "submarine" as well. They use timing, like he used timing. Then they pop up and say "Hello, surprise! Give us your money or we will shut you down!" Screw them. Seriously, screw them. You can quote me on that.
january 2013 by jm
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