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This seems to be a pretty common startup model. Patent some design ideas, get a boatload of venture capital, hire some guys who actually make your idea work but as a work-for-hire so you still own the rights to the IP, make a working model so you can protect the patent but don't sell many so the business tanks and shuts down, walk away with bonuses and the patent, hanging your investors and customers out to dry. Kinda brilliant if you don't mind being a horrible human being.
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