Tech Investors Lobby Congress: Down With Patent Trolls

A large group of tech inventors and entrepreneurs, including Twitter cofounder Evan Williams, Facebook cofounder Dustin Moskovitz and Qualcomm Former Principle Engineer Ranganathan Krishnan, are asking Congress to stop patent trolls and reform the patent system, which they call "broken."

The group of about 50 technologists, who together hold more than 150 patents, believe "software patents are doing more harm than good" and think it's time to do something about it

"Broad, vague patents covering software-type inventions — some of which we ourselves are listed as inventors on — are a malfunctioning component of America's inventive machinery," the letter reads. "Perhaps it is time to reexamine the idea, dating from the 1980s, that government-issued monopolies on algorithms, protocols and data structures are the best way to promote the advancement of computer science." Read more...