Richard R. Reisman - Biography
President and founder of Teleshuttle
Richard Reisman is an innovator and thought leader, advancing powerful
interactive tools/media for human communication, collaboration, culture, and
commerce since long before the Web.
Reisman has been involved with
and electronic communities since their infancy. He has always been oriented to connectivity
-- powerful interactive tools and media for human communication,
collaboration, knowledge work, entertainment, and commerce.
Reisman has worked in a variety of technology and
business roles, including as developer, consultant, and manager, and more
recently as entrepreneur and inventor. He has been developing a number of
patent portfolios relating to media and
e-business technologies, both directly and through strategic partners, and holds
27 patents now licensed by well over 100 companies (with dozens more pending).
In early 2010 Reisman began
FairPay, an entirely new architecture for pricing digital content/services. FairPay creates buyer-seller dialogs about value, and develops a buyer reputation based on Internet
feedback, to go beyond "freemium," to an adaptive hybrid of free and
paid content. Another
current focus of direct activity is on the
CoTV™, coactive television, a power
assist for the growing trend toward simultaneous, or “coactive,” use
of TV and the Web (first patents issued 2011). CoTV™
creates a powerful new compound medium that combines the full power
of both (on multiple screens or "companion" devices, such as TV plus
tablets or phones).
Other current areas of independent development and patent filings
include "Big Data" applications for usage data and ratings related
to products and smart devices (first
patent issued 2008), digital media asset and storage management (first patent
issued 2010), and
The Idea Adoption Agency (communities/marketplaces for
collaborative innovation and idea development).
Reisman's first patent portfolio
was developed in partnership with BTG International, a leading
technology commercialization and licensing firm, and twelve
additional patents that expand that
portfolio were awarded in 2000-2013. That led to patent
infringement suits against Microsoft and
in 2004, and in 2006
these patents were sold for a down payment of $35 million. These
patents are now controlled by Intellectual Ventures.
His second important portfolio of patents relates to
search, with six patents issued in 2005-12. This
portfolio was sold in 2009 to RPX Corporation, the first defensive
new media and business technologies and has
provided strategic consulting services for media and
electronic business. Clients have included Dow Jones, News Corporation/TVGuide,
IDD Information Services, and AppliedTheory Communications, as well as key
players in intellectual property development. Reisman founded Teleshuttle
in 1994 as an online software/service provider based on one of his inventions.
Teleshuttle's most widely known product was the online update service that was
integrated with the Blockbuster Video Guide To Movies & Videos
CD-ROM to provide updates on newly released films. This invention has taken new
life in Blu-ray BD-Live services.
Reisman also served during the dot-com boom as founding
CTO and Managing Director, Operations and Technology for HealthSCOUT.com,
an innovative Web-based B2B2C health information service.
There, he delivered Web services through syndicated co-brand affiliations with
hundreds of Web sites, including CompuServe, Prodigy, Yahoo!, Earthlink, Dr.
Koop, iVillage, Snap, iWon, USA Today, Knight-Ridder, Scripps, Phys (Conde-Nast),
BeWell (HealthGate), Physicians Online, and through insurance sites, including Harvard
Pilgrim and the US Government, managing a staff of 25+ and budget of $5+
In the early '90s, Reisman made technology and
entrepreneurial contributions to a variety of online and new media developments.
As co-founder of UNET, he developed the original versions of TV Guide
(through consumer beta test) in a joint venture with News Corp.
(since acquired by The New York
Times), he developed pioneering consumer online
services, as well as online information services to the film and TV industry.
His earlier work was in large enterprise IT
environments, focused on leading-edge development in such areas as interactive
systems, online networks, database search, and early forms of cloud computing. Varied
roles in IT and information services included management, consulting, planning,
development, and operations. He directed electronic distribution
operations for financial data for
McGraw-Hill / Standard and Poor's, and managed strategy, planning, and
operations for a very broad variety of major computer and telecom services at
and AT&T, starting out as a software developer.
A finalist for the Multi-Media Entrepreneur of 1995
award from the Silicon Alley Initiative, Reisman has spoken widely, and written
for a variety of trade publications. He serves as an Executive Board member of
the MIT Enterprise Forum of NYC, for whom he has organized numerous
symposia (serving as moderator or panelist on many), was an ACM National Lecturer, and holds an AB from
Brown University and an MS from Lehigh University.
on User-Centered Media
The FairPay Zone Blog