Season 3, Episode 7: Are private property rights right? The sharks and TEC owner Scott Jordan get into a heated debate over Scott’s patent of a very simple clothing design. This is a fantastic discussion starter for your students! Ask them who they side with and why. What incentives do intellectual property rights provide for entrepreneurs? How might things change in the absence of IP rights? Are there limits to what can be patented?
Posts Tagged ‘Intellectual Property’
Season 2, Episode 1: Copa Di Vino, owned by James Martin, is the first premium wine sold by the glass. James, currently controls the vertical chain of production: he has a winery, packages his own wine by the glass, and distributes the wine. However the sharks believe that company’s value will be higher if it vertically disintegrates. The sharks are only interested in the intellectual property (patent) that James holds, since he is the sole producer that can package wine in this form. They believe his monopoly power over the packaging will reap the highest profit by licensing it to others. James does not want to split the company and believes it is more profitable as one firm because of the high subjective value he places on his brand. He leaves the tank without a deal.