Several have already pointed out that this pledge doesn't address the top biggest issues with the patent system: Non-Practicing Entities (trolls) and 'weaponized' IP litigation.
It would be more interesting if someone with the necessary legal muscle could design an effective and legal "IP shelter" from the U.S. patent system . The structure would be some series of foreign companies/organizations that could claim immunity for internet products as they would be 'foreign' and therefore not infringing. There are obviously many legal and tax issues that make this difficult (PCT, not viable for physical products, etc). However, if it could be designed and then templatized, much like Series funding documents have become, then it would allow any startup, but especially ones that attempt to tackle traditionally hostile industries (MAFIAA), to exist in a 'safe haven' away from the utter nonsense that US intellectual property has become.
Even if it creates some $X burden on startups, I am sure that most startups would be willing to pay this expense if it takes the risk of an Armageddon-like legal suit out of their startup picture. It would also be a forcing function on the US legislature due to loss of prestige and possibly revenue (imagine if the next Google incorporates in Canada and only a subsidiary works in California due to patent concerns).
It would be more interesting if someone with the necessary legal muscle could design an effective and legal "IP shelter" from the U.S. patent system . The structure would be some series of foreign companies/organizations that could claim immunity for internet products as they would be 'foreign' and therefore not infringing. There are obviously many legal and tax issues that make this difficult (PCT, not viable for physical products, etc). However, if it could be designed and then templatized, much like Series funding documents have become, then it would allow any startup, but especially ones that attempt to tackle traditionally hostile industries (MAFIAA), to exist in a 'safe haven' away from the utter nonsense that US intellectual property has become.
Even if it creates some $X burden on startups, I am sure that most startups would be willing to pay this expense if it takes the risk of an Armageddon-like legal suit out of their startup picture. It would also be a forcing function on the US legislature due to loss of prestige and possibly revenue (imagine if the next Google incorporates in Canada and only a subsidiary works in California due to patent concerns).