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	<title>Betabeat &#187; No Sooner Does Etsy Raise $40M Than It&#8217;s Hit With a Dumb Patent Suit </title>
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		<title>Betabeat &#187; No Sooner Does Etsy Raise $40M Than It&#8217;s Hit With a Dumb Patent Suit </title>
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		<title>No Sooner Does Etsy Raise $40M Than It&#8217;s Hit With a Dumb Patent Suit</title>

		<comments>http://betabeat.com/2012/05/no-sooner-does-etsy-raise-40m-than-its-hit-with-a-dumb-patent-suit/#comments</comments>
		<pubDate>Tue, 15 May 2012 12:03:22 -0400</pubDate>
					<link>http://betabeat.com/2012/05/no-sooner-does-etsy-raise-40m-than-its-hit-with-a-dumb-patent-suit/</link>
			<dc:creator>Kelly Faircloth</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=45620</guid>
		<description><![CDATA[<p><div id="attachment_21497" class="wp-caption alignleft" style="width: 257px"><a href="http://nyobetabeat.files.wordpress.com/2011/11/patenttrolls_final_david_saracino.jpg"><img class=" wp-image-21497 " title="PatentTrolls_final_David_Saracino" src="http://nyobetabeat.files.wordpress.com/2011/11/patenttrolls_final_david_saracino.jpg?w=274" alt="" width="247" height="270" /></a><p class="wp-caption-text">image from David_Saracino</p></div></p>
<p>Man, is there anything worse than getting mugged on payday? Just last week, Etsy announced a $40 million Series F with investors including Union Square Ventures and Accel Partners, a round that'll help the company go global. But Unified Messaging Solutions--a subsidiary of the<a href="http://www.ipwatchdog.com/2010/08/10/patent-trolls-acacia-research-funding/id=12017/" target="_blank"> patent pitbulls</a> over at Acacia Research Corporation--has other plans. <a href="http://gigaom.com/2012/05/15/patent-troll-tries-to-mangle-hand-craft-site-etsy/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+OmMalik+%28GigaOM%3A+Tech%29" target="_blank">GigaOm reports</a> that firm has just filed a lawsuit accusing Etsy of infringing its patents on “methods for storing, delivering and managing messages.”</p>
<p>Sure it has, Unified Messaging Solutions. Sure it has.<!--more--></p>
<p>But lest any artisanal bonnet-makers get the wrong idea about their beloved indie marketplace, there probably isn't much substance to this suit. Tenuous charges of patent infringement are turning into a tech company rite of passage, and the organization behind the suit has already sued Facebook, Google, and a whole mess of other companies.</p>
<p>The suit says that Unified Messaging Solutions is seeking "injunctive relief as well as damages." We'd bet an Eduardo Saverin-sized fortune they'd be willing to take a nice, fat settlement, though. <a href="http://gigaom.com/2012/05/15/patent-troll-tries-to-mangle-hand-craft-site-etsy/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+OmMalik+%28GigaOM%3A+Tech%29">Speculates GigaOm</a>:</p>
<blockquote><p>Unified Messaging Solutions likely decided to sue Etsy this month because the hand craft site now has investor money it can extract. Trolls typically try to force a settlement and then use the money to file new lawsuits against other targets. A recent academic study estimates patent trolls have cost the economy <a href="http://arstechnica.com/tech-policy/2011/09/study-patent-trolls-have-cost-innovators-half-a-trillion-bucks/">half a trillion</a> dollars since 1990.</p></blockquote>
<p>GigaOm also draws attention to perhaps the most entertaining example of questionable litigating since <em>My Cousin Vinny</em>: The plaintiff's lawyers forgot at least once to fill Etsy's name in the provided blank.</p>
<p>Adding insult to injury, Etsy also just got certified<a href="http://betabeat.com/2012/05/09/with-new-b-corp-certification-etsy-raises-40m-for-international-growth/" target="_blank"> as a B Corporation</a>, making official a commitment to good works. Where's the love, karma?</p>
<p>We've reached out to Etsy for comment and will update if we hear anything more.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_21497" class="wp-caption alignleft" style="width: 257px"><a href="http://nyobetabeat.files.wordpress.com/2011/11/patenttrolls_final_david_saracino.jpg"><img class=" wp-image-21497 " title="PatentTrolls_final_David_Saracino" src="http://nyobetabeat.files.wordpress.com/2011/11/patenttrolls_final_david_saracino.jpg?w=274" alt="" width="247" height="270" /></a><p class="wp-caption-text">image from David_Saracino</p></div></p>
<p>Man, is there anything worse than getting mugged on payday? Just last week, Etsy announced a $40 million Series F with investors including Union Square Ventures and Accel Partners, a round that'll help the company go global. But Unified Messaging Solutions--a subsidiary of the<a href="http://www.ipwatchdog.com/2010/08/10/patent-trolls-acacia-research-funding/id=12017/" target="_blank"> patent pitbulls</a> over at Acacia Research Corporation--has other plans. <a href="http://gigaom.com/2012/05/15/patent-troll-tries-to-mangle-hand-craft-site-etsy/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+OmMalik+%28GigaOM%3A+Tech%29" target="_blank">GigaOm reports</a> that firm has just filed a lawsuit accusing Etsy of infringing its patents on “methods for storing, delivering and managing messages.”</p>
<p>Sure it has, Unified Messaging Solutions. Sure it has.<!--more--></p>
<p>But lest any artisanal bonnet-makers get the wrong idea about their beloved indie marketplace, there probably isn't much substance to this suit. Tenuous charges of patent infringement are turning into a tech company rite of passage, and the organization behind the suit has already sued Facebook, Google, and a whole mess of other companies.</p>
<p>The suit says that Unified Messaging Solutions is seeking "injunctive relief as well as damages." We'd bet an Eduardo Saverin-sized fortune they'd be willing to take a nice, fat settlement, though. <a href="http://gigaom.com/2012/05/15/patent-troll-tries-to-mangle-hand-craft-site-etsy/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+OmMalik+%28GigaOM%3A+Tech%29">Speculates GigaOm</a>:</p>
<blockquote><p>Unified Messaging Solutions likely decided to sue Etsy this month because the hand craft site now has investor money it can extract. Trolls typically try to force a settlement and then use the money to file new lawsuits against other targets. A recent academic study estimates patent trolls have cost the economy <a href="http://arstechnica.com/tech-policy/2011/09/study-patent-trolls-have-cost-innovators-half-a-trillion-bucks/">half a trillion</a> dollars since 1990.</p></blockquote>
<p>GigaOm also draws attention to perhaps the most entertaining example of questionable litigating since <em>My Cousin Vinny</em>: The plaintiff's lawyers forgot at least once to fill Etsy's name in the provided blank.</p>
<p>Adding insult to injury, Etsy also just got certified<a href="http://betabeat.com/2012/05/09/with-new-b-corp-certification-etsy-raises-40m-for-international-growth/" target="_blank"> as a B Corporation</a>, making official a commitment to good works. Where's the love, karma?</p>
<p>We've reached out to Etsy for comment and will update if we hear anything more.</p>
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