My partners and I have been working with novel software startups for many years and inevitably the question of patents arises. Investors often equate defensibility -- the creation of barriers to entry -- to patentable intellectual property.  Unfortunately, for most software or software-related startups (i.e. software-as-a-services, Web applications, Internet-enabled businesses, mobile services ventures, etc.) there are very few instances where the innovation that has been developed is natural...
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