(a) How many patents (issued and/or pending, US and/or foreign) do we have in our IP portfolio at this time?
At this time, we have 8 patents in our portfolio. They can be found here.
(b) Identify three of our main competitors in the market. How is their IP position compared to ours? What are the risks of our competitors having a better IP position that ours?
Our main competitors in the market are-
1) Homeaway - None
2) FlipKey- 2 Patents
3) 9flats - None
Since the business models of most of the peer-to-peer rental services are very similar, if we have a better IP position than our competitors, we are more secure from being sued for infringing on their patents. This is because if we have a better portfolio, we have covered our bases better than them. If our competitors have a better IP position then that may be able to sue us and in the situation that they win, we may lose market share.
(c) What can we do to bolster our IP portfolio - what are some sources of patents that we can go to, and what are the types of transactions that we can engage in to bring those patents in?
To bolster our IP portfolio, we could start identifying our unique features and begin patenting them. We could even buy patents of certain technologies developed by other companies that are not doing as well and integrate it into our technology to strengthen our IP portfolio.






