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EquityNet Granted Two More Crowdfunding Patents by U.S. Patent Office
Thursday, August 14, 2014
Pioneering Company Leads Crowdfunding Industry with Five Granted Patents
EquityNet (www.equitynet.com) is announcing that the U.S. Patent and Trade Office granted the Company’s fourth and fifth crowdfunding patents on July 29, 2014 as patent numbers 8,793,170 and 8,793,171. Patent number 8,793,170 is titled “Electronic Enterprise Capital Marketplace Apparatus and Method” and patent number 8,793,171 is titled “Electronic System for Analyzing the Risk of an Enterprise.”
EquityNet’s founder/CEO and inventor of the patents, Judd Hollas, stated, “These additional patent grants give EquityNet what is undoubtedly the broadest patent portfolio in the crowdfunding industry. We are proud to have pioneered and patented many of the most advanced crowdfunding technologies that will enable the industry to achieve its full potential for entrepreneurs, investors, and the economy.”
According to Bob Carbone, CEO of crowdfunding innovator CrowdBouncer, “EquityNet has patented an amazing range of crowdfunding technologies and holds the largest intellectual property portfolio in the crowdfunding industry. I am also impressed that the EquityNet team has already commercialized four of their five patentedcrowdfunding technologies.”
“As with many patent inventions for things like lasers and the paper clip, EquityNet’s family of patents do not contain the word ‘crowdfunding’ since they were filed in 2005 before the word was popularized” says Charles Dougherty, Partner at Wright, Lindsey & Jennings LLP. “EquityNet’s patents are clearly intended for crowdfunding and in the world of patent law, their lack of the word ‘crowdfunding’ does not at all limit their applicability to crowdfunding.”
Patent number 8,793,170 titled “Electronic Enterprise Capital Marketplace Apparatus and Method” describes an automated and interactive system that facilitates efficient capitalization/liquidation of private enterprises through a network-driven marketplace. The system may be comprised of a dynamic process for enterprise characterization, a customizable computational engine that utilizes statistical reference information to quantify a multi-factor scoring value for each unique enterprise, a customizable system for investor-users to filter, rank, and screen enterprise prospects, an integrated internal system for electronic communication between market participants, and an empirical feedback system that provides a dynamic knowledge base of statistical reference information for various computational components of the invention.
Patent number 8,793,171 titled “Electronic System for Analyzing the Risk of an Enterprise” describes an automated and interactive system that facilitates the risk quantification of private enterprises through a network-driven application. The system may be comprised of a dynamic process for enterprise characterization, a customizable computational engine that utilizes statistical reference information to quantify a multi-factor risk scoring value for each unique enterprise, and an empirical feedback system that provides a dynamic knowledge base of statistical reference information for various computational components of the invention.
In addition to the newly-granted patents, EquityNet has a significant portfolio of granted and pending patents in the United States, covering multiple distinct inventions.EquityNet’s patent number 7,698,188 titled “Electronic Enterprise Capital Marketplace” describes an automated crowdfunding platform for enabling efficient capitalization of privately-held businesses. EquityNet’s patent number 7,908,194 titled “Electronic Enterprise
Analysis Apparatus” describes an automated system for analyzing and scoring privately-held businesses. And, EquityNet’s patent number 7,908,194 titled “Electronic Enterprise Monitoring Apparatus” describes the first system capable of monitoring the performance of private businesses.
EquityNet has operated the largest investment crowdfunding platform since 2005. The multi-patented EquityNet platform has been used by over 40,000 individual entrepreneurs and investors, incubators, government entities, and other members of the entrepreneurial community to plan, analyze, and capitalize privately-held businesses. EquityNet provides access to thousands of investors and has helped entrepreneurs across North America raise over $240 million in equity, debt, and royalty-based capital. For more information, visit www.equitynet.com.
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