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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It seems there are number of noteworthy entrepreneurs and venture capitalists that share our belief in how entrepreneurship will thrive in these economic times.

Technology Review's Jason Pontin moderated a round table discussion at a Churchill Club event earlier this year in Mountain View, CA.  The following article is an excerpt of that discussion that is worth reading.

My personal favorite quote is from Steve Jurvetson, a Managing Partner of famed venture capital firm Draper Fisher Jurvetson...
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