<transcript><audio_51>mean it's probably somewhere in the range of 60 percent or so of applications that are filed or granted but even more than than the ones that are granted or was the statistics of how many of them make it the question also</transcript><transcript><audio_52>is how many of them are good matter yeah the one that I say from the US Patent and Trademark Office is a few years old but it is I think it's like 2011 or something but it was less than 2% are</transcript><transcript><audio_53>what they to term called commercialized that means that they were used in commerce and that they made money and and when I when I thought of that statistic it really blew my mind because you think of like companies like Apple and Proctor and Gamble and Johnson and</transcript><transcript><audio_54>John with these you know dupont with giant numbers of patents yeah I was like aren't they tipping the scale like shouldn't it be bigger number well yes or no I'm not I'll tell you why not necessarily and because bigger</transcript><transcript><audio_55>companies like that are filing for every idea that they come up with so they're not they're not necessarily of filing on everything that they turn into a product they're speculating they're they're creating as much IP as they can around</transcript><transcript><audio_56>not just the products that they pursue but also the products they think their competitors might pursue or inadvertently step on and you know they're just they're hedging their bets</transcript><transcript><audio_57>to a very large extent and whoops that's strange I know it's like it's like my phone is never on until I do a call and then all of a sudden like I'm a tech guy</transcript> mean it's probably somewhere in the range of 60 percent or so of applications that are filed or granted but even more than than the ones that are granted or was the statistics of how many of them make it the question also is how many of them are good matter yeah the one that I say from the US Patent and Trademark Office is a few years old but it is I think it's like 2011 or something but it was less than 2% are what they to term called commercialized that means that they were used in commerce and that they made money and and when I when I thought of that statistic it really blew my mind because you think of like companies like Apple and Proctor and Gamble and Johnson and John with these you know dupont with giant numbers of patents yeah I was like aren't they tipping the scale like shouldn't it be bigger number well yes or no I'm not I'll tell you why not necessarily and because bigger companies like that are filing for every idea that they come up with so they're not they're not necessarily of filing on everything that they turn into a product they're speculating they're they're creating as much IP as they can around not just the products that they pursue but also the products they think their competitors might pursue or inadvertently step on and you know they're just they're hedging their bets to a very large extent and whoops that's strange I know it's like it's like my phone is never on until I do a call and then all of a sudden like I'm a tech guy
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