http://k9ventures.com/blog/2011/04/27/modista/ - great post and account. And read this one too http://j.mp/patentattack on reality on fighting a patent... its all about money and listen too NPR "When Patents Attack" http://www.npr.org/blogs/money/2011/07/26/138576167/when-patents-attack
It's not often that angelgate rears its ugly head... but here is a story of in fighting and 2 founders losing everything... 3 years of coding and work... this could easily have been Google founders had Yahoo patented a search engine patent... Or who knows these 2 guys could have made Modista into the next Google... anyway, heed their experience... and DON'T listen to VC and Angels who say "Ah, don't worry about IP".... IP is what IS important as I am sure these 2 guys will attest to!
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