The biggest surprise for me in the reading was that you don’t actually have to have a working product in order to get a patent. Just the concept alone, with the right detail, can be enough to secure a patent. One part of the reading that was confusing to me were some of the fine distinctions between certain forms of businesses, particularly LLCs and LLPs. I would first ask the author what type of failure is the most common because if I ever start up a company, it would be the first thing that I would try to avoid doing. The second question I would ask is if hiring an outside advisor would help a start up. For the first time, in this week's material, I don't think that the author was wrong about anything.
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