2015 was one of the worst years on record for patent troll lawsuits. Most of the lawsuits that snagged headlines involved tech titans – Apple, Google, Microsoft, Facebook, Amazon – but small and medium sized businesses (SMBs) were far more frequent targets. While these cases may make for less sensational news stories, they show that no business, no matter how small, is immune. Over 50 percent of the businesses targeted by patent trolls make less than $10 million per year. The average cost of defending a patent troll lawsuit is more than $3.2 million, which, for many entrepreneurs, could be enough to…
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