From Coinbase at 14 to AI-Powered Patents: How Daniel Ruskin is Disrupting IP Law

The Prodigy Behind Inventex

Daniel Ruskin’s career trajectory reads like a Silicon Valley fairy tale. At just 14 years old, the coding prodigy landed an engineering role at Coinbase after cold-emailing the crypto exchange’s operations head. “I was a teenager who knew how to code and wanted to build cool things,” Ruskin recalls.

Early Career Highlights:

• Developed foundational Coinbase platform software
• Worked freelance for bitcoin payments before traditional banking age
• Contributed significantly to scaling Coinbase’s early infrastructure

The Birth of Inventex

After stints at Coinbase, law school, and founding multiple startups (including an election security company where he successfully patented technology), Ruskin identified a critical pain point: the patent application process was needlessly complex and opaque.

In December 2024, the now 26-year-old launched Inventex, a Salt Lake City-based startup leveraging AI to revolutionize patent filings. The company combines specialized AI agents with licensed attorneys to streamline the process.

Inventex’s Value Proposition:

• 10x faster patent-pending status (days vs. months)
• AI-powered prior art searches and technical analysis
• End-to-end patent drafting and filing services

Funding and Industry Validation

Inventex’s innovative approach quickly attracted investor attention, securing $2.4 million in pre-seed funding at a $10 million valuation within just one month of launch.

Notable Backers:

• Conviction Capital
• Coinbase co-founder Fred Ehrsam
• Cambrian Ventures
• Boost VC

How Inventex Works

The platform ingests technical documentation (code, designs, specs) and uses specialized AI to:

1. Identify patentable inventions
2. Conduct comprehensive prior art searches
3. Draft high-quality patent applications
4. File in multiple jurisdictions

“Our AI agents are true experts in each technical field,” explains Ruskin. “They’re overseen by licensed attorneys to ensure legal rigor.”

Industry Impact and Traction

Inventex is already making waves with:

• $250K in annual recurring revenue pipeline
• Clients including two public companies and startups like Dirac
• 2x monthly growth since launch

“We have more inbound than we can handle,” Ruskin admits.

The Visionary Behind the Innovation

Ruskin’s track record speaks volumes:

• Helped build two unicorns (Coinbase and Checkr) before college graduation
• Top 10% of NYU Law class (2024)
• Passed the patent bar

“Daniel is one of the most quietly impressive people I’ve worked with,” says Maksim Stepanenko, former Coinbase colleague and current angel investor.

The Future of Patent Law

Ruskin envisions a fundamental shift in IP services:

• ⁹⁰⁄₁₀ rule reversal: Currently 90% time spent drafting, 10% on strategy
• White-label potential: Licensing tools to traditional law firms
• Democratized access: Making patents affordable for innovators of all sizes

“In five years, strategy will be the differentiated service,” predicts Ruskin. “This transformation will make the system more accessible to everyone.”

With Inventex’s rapid growth and Ruskin’s proven execution ability, the patent landscape may never be the same.

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