PATENT CLAIM ANALYSIS

Application Number: 16122242
Application Type: Utility
Filing Date: 2018-09
Publication Date: 2019-01
Patent Classification: ["705", "037000"]

Abstract:
The present invention creates a secondary market in private equities by auctioning venture-backed private equities over the Internet to qualified investors. Typical sources for the private equities will be interests in limited partnerships and pre-IPO or pulled-IPO securities. The operator of the system may sometimes take a position in certain private equities so as to have “inventory” to later sell on the system. In a typical buyer-driven transaction using the present invention, a qualified buyer puts out a bid for private assets in a particular area. Sellers who subscribe to the system receive notice of the bid and can then respond. In a typical seller-driven transaction using the present invention, a seller puts out a notice on the system of equities for sale. Buyers who subscribe to the system receive notice and can respond. Either the buyer or the seller may be charged by the system, depending on the transaction.

Claim (Index 17):
The system for creating a secondary market for private equity of  claim 16 , wherein said electronic network is the Internet,\n wherein said private equity is selected from the group consisting of limited partnership interests and private equity in individual companies, wherein the system further comprises means for storing audio-visual information and a business plan for said private equity, and means for allowing accredited investors access, over the Internet, to said audio-visual information and business plan for said private equity upon which said auctioned securities are based, and wherein the operations further comprise allowing said seller to initiate an auction and instructions for allowing said accredited investor to initiate an auction.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 97.0
- Lexical Diversity: 2.08974
- Patent Class: 705.0
- Transitional Phrase Type: closed
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['09783499', '13083792', '12036160', '13280181', '13366977']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.180826743175225
- 35 USC 102 Novelty (BERT): 0.6086427701432754
- Combined Prediction Score: 0.2236083458720301
- Mean Citation Score: 388.628098
- Max Citation Score: 568.9161
- Similarity Product: 493.8890129385172

Labels:
- Claim Label 101: 1
- Claim Label 102: 0
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 1

Dataset: test