Dooyong Lee is one of the world’s most successful patent licensing experts who pioneered the patent licensing industry for inventors and small patent owners. He has built four “contingency” licensing companies, where fees and expenses are paid only upon success, and has generated more than $1.2 billion for over 250 clients.

Previously, he served as the CEO of Acacia Research Group, whose annual revenue increased from $4 million to $251 million, net income from -$6 million to $60 million, and market cap from $110 million to $2.1 billion over eight years.

Before building licensing companies, he worked as a corporate licensing executive. He spearheaded transformative process reengineering efforts at AT&T/Lucent Technologies, whose annual patent licensing revenue subsequently increased 5x to over $500 million in six years.

He received the Bell Labs Exceptional Contribution Award twice and is the inventor of the popular call center feature known as “estimated wait time announcement”.