
In 1997, Jay Walker founded Priceline.com — the Web site many people use to get cheaper airfare by "naming your own price." Patenting the solution, and allowing others to use the patents for a fee, helped drive Walker's success. But, Walker argues in an interview, many patents remain underused. Now, the man who smoothed transactions for buyers and sellers of airplane tickets wants to do something similar for a key part of the nation's information economy. Walker is developing something called the United States Patent Utility. Here’s what that means.
How did you get into this space, and why are you interested in patents after having worked on Priceline?
I think the old phrase that "necessity is the mother of invention" applies here. As you probably know, I have quite a few inventions to my name and quite a few patents to my name.
How many patents?
Image: Priceline.com founder Jay Walker. (Patent Properties)