Ask a Billionaire: GoPro's Nick Woodman on the Book 'Patent It Yourself'

The camera company CEO on 'Patent It Yourself,' the one book a billionaire-in-training should read

Nick Woodman
Chief executive officer, GoPro
Net worth: $1.73 billion

What’s the one book a BIT (Billionaire-In-Training) should read?
—@Rich_Williams3

Patenting an idea can be really expensive and intimidating. When I was starting out, I read this terrific book called Patent It Yourself, by a lawyer named David Pressman. It was really straightforward. Using that book, I wrote GoPro’s first patent myself. It was this 60-page tome that I went maniacal on. When I took it to the attorneys to get their opinion and to see how much it would cost for them to finalize it, they told me I’d just saved myself a lot of money—I’d basically done the whole thing myself. More important, the book gave me a good understanding of what’s patentable and what’s not. For any entrepreneur who’s inventing something, it’s the one book you should read.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE