The idea is simple: take the traditional model of a patent troll, but alter the settlement terms to create a cascade that ultimately ends or significantly reduces the exclusive ownership of facts (aka IP).
Patent Trolling for Good acts like a traditional Patent Troll in that it takes any IP it has and aggressively uses it to make claims against other firms/entities.
However, instead of just seeking cash, PTG offers two options:
- Pay us a lot of cash
- Join PTG. By joining: 1) all of your IP can be used by PTG to sue others and 2) everyone in PTG has automatic rights to any IP held by others in PTG
And of course, anyone is welcome to join PTG at any time. You don't have to wait to be sued to join :)
I've brought this idea up with VCs and lawyers a few times across the years but I've never gotten any bites. If anyone was ever seriously and credibly interested in pursuing it, I would give such an entity any and all IP owned/claimable by LBRY (https://lbry.io) and potentially a small amount of initial funding as well.