Patent Expiry Profits
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Building businesses around patent expirations, particularly in pharmaceuticals and consumer products. The strategy involves monitoring patent expiry dates and launching products once patents become public domain.
Key Points:
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Patent Monitoring:
- Track patent filings and expiry dates
- Use resources like patents-expiring-today.com
- Focus on patents with large market potential
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Case Study - BluChew:
- Built around Viagra patent expiry in 2017
- Two founders: doctor and commodities trader
- Bootstrapped to $100-200M in annual sales
- Business model combines:
- Telehealth service (med.com)
- D2C generic erectile dysfunction medication
- Target market: 150-200M people globally
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Strategy Elements:
- Wait for valuable patents to expire
- Create direct-to-consumer version of previously patented product
- Build distribution and marketing channels
- Focus on high-demand, proven markets
- Consider combining with modern business models (e.g., telehealth)
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Market Opportunity:
- ED market projected to grow to 400-500M people by 2030
- Similar opportunities exist in other patent expiries
- Can be bootstrapped without external funding
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.