Mark Cuban Doesn’t Shop For Patents On Shark Tank

The return of Shark Tank to ABC has captured the interest of patent attorneys (among others) from around the country, fascinated about the ingenuity of the average Joe and the courage to translate their ideas into products and, occasionally, money.  This also offers another rare spot of sunshine into the normally opaque world of intangible asset valuation (since the sharks are bidding on potential, not an established revenue stream).  The irony is, however, that patents play a very small role in the sharks’ decision-making process, which a would-be patent attorney inadvertently discovered recently.