A recent study by Boston University revealed that filing patent applications, particularly by startup software companies, may increase the likelihood of receiving funding and may make it more likely to subsequently "exit" from the entrepreneurial phase through an IPO or acquisition. In this edition of Inside The Deal, Frank Bruno, associate at Milbank, Tweed, Hadley & McCloy LLP, speaks to The Deal's Mary Kathleen Flynn about what startups should know about protecting their intellectual property.