Category: Entrepreneurship

How Elizabeth Holmes Became America’s New Entrepreneurial Icon

Posted on 2015/04/07 in Business, Entrepreneurship, Google+, Health, Innovation, Research, Science & Technology

"She is the founder and CEO of Theranos, a Silicon Valley company with a $9 billion valuation that has developed an inexpensive, comprehensive blood test using a simple pinprick. At age 31, she owns more than half of the company, making her America's youngest female self-made billionaire."

"The Theranos board boasts not one but two former U.S. Secretaries of State: George Shultz and Henry Kissinger. And Shultz made headlines last week when he revealed Theranos is seeking FDA approval for an early-detection Ebola test."

"But what stands out about Holmes and her company–above and beyond their recent spate of publicity–is the significant scope of their mission, and the lengths to which Holmes has gone to achieve it."

From +Inc.: http://ow.ly/KBCZZ

How Elizabeth Holmes Became America’s New Entrepreneurial Icon
She represents the part of entrepreneurship that is long-term dedication, when nobody’s watching.

Why VCs should stop investing in ‘Internet’ startups and start investing in ‘tech’

Posted on 2015/02/12 in Business, Entrepreneurship, Google+, Innovation

"Venture capitalists have become so risk-averse, it seems they’ve forgotten that risk-taking is the whole point of their jobs."

"I have actually heard investors claim that if someone is able to sell them on a company, then they should be able to sell it to anyone. The problem with this line of logic is that it focuses more on the pitch — that is, the sales and marketing hype — than it does on the actual substance of a startup, or more importantly, its product."

"In fact, rather than rushing in headlong, VCs should approach hot areas with extra caution. And instead of seeking out copycat startups to add to their own portfolios, VCs should actively research the landscape and seek to build a unique, thoughtful, and nuanced perspective on the industry current and future. The best way to accomplish this is to spend time with academics, scientists, and research centers — the places where the real, down-and-dirty innovation is happening."

"Investors should also have, or hire people who have, a strong background in technology and science. This way they will be able to intelligently recognize and track major breakthroughs as they move from abstract concepts to real-world applications."

"So if you are looking to invest in the 'next big thing,' do yourself a favor. Step out of the bubble. Make connections not just within the tech community, but also within the wider scientific and academic communities. You’ll gain deeper insight into where technology and society are headed and the kind of innovation that is needed to move us forward, not incrementally, but in leaps and bounds."

From +VentureBeathttp://ow.ly/IWLnA

Who needs Silicon Valley? Canadian startups scoring bigger deals

Posted on 2015/02/12 in Business, Canada, Entrepreneurship, Google+, Places

"In the last 18 months a series of large venture capital investments have signalled an important shift in the Canadian technology startup scene. To hear industry insiders explain it, this is not a story about out-of-control valuations, but rather a case of a new class of maturing businesses reaching the stage where their market opportunity is now being matched by large investments."

"According to the Canadian Venture Capital and Private Equity Association annual funding report, the total venture dollars invested declined in 2014 to around $1.9-billion on 379 deals, compared with 2013’s $2-billion on 452 deals. The average dollar amount per deal, however, rose from $4.4-million in 2013 to $5-million."

"The Globe compiled 21 examples of the largest venture funding announcements in Canadian technology over the last 18 months. The list reveals a growing number of big-dollar deals among medium-sized startups – a change for a sector that has historically focused on mostly seed, or early-stage financing."

"Those 21 companies collected more than $784-million (the massive $100-million funding of Ottawa’s fast growing e-commerce provider Shopify in December, 2013, and the $60-million raised by Vancouver social media dashboard maker Hootsuite in September, 2013, make up a significant chunk of that total)."

From +The Globe and Mailhttp://ow.ly/ITb8M

Who needs Silicon Valley? Canadian startups scoring bigger deals
A growing number of medium-sized startups are attracting large financings – a change for a sector that has historically focused on mostly seed, or early-stage financing

Student entrepreneurship stirs review, revision of IP ownership policies

Posted on 2015/01/19 in Business, Entrepreneurship, Google+, Innovation, Technology Transfer & Commercialization

"With more students becoming entrepreneurs and developing IP before they graduate, universities across the country are taking another look at their policies on ownership of that IP. Some are establishing policies that give all ownership rights to the students in hopes of spurring more of the business development that TTOs usually expect from faculty. Others should be reassessing their ownership policies but aren’t, simply because they haven’t yet realized the damage that can be done by an outdated policy, according to some observers."

“'We knew that we had a lot of students who were not sharing their innovations on the campus and not starting their companies in the light of day on campus because they were afraid they were going to lose their intellectual property to the university,' (Dan) Hasler (president and chief entrepreneurial officer of Purdue Research Foundation) says. 'They would graduate, move to another state, and start their business. We gained nothing and the student wasn’t able to take advantage of all the help we can offer.'"

"As at many universities, Purdue University’s policy on student IP is broadly stated and enveloped students even if was never intended to, Hasler says. The policy says any invention created with the use of Purdue resources is subject to university ownership. Until recently that was interpreted to include student IP as well, but not because anyone had addressed the matter seriously. As student entrepreneurship has skyrocketed, however, it became a more critical issue to address."

"The school’s new interpretation offers students clear ownership rights as long as the resources used were part of a course and were available to all students in the course; that the student was not paid by the university or a third party; and the class or project was not supported by a corporation or government grant or contract."

"Commercialization efforts can be hampered by any ambiguity in the policy, notes Juan M. Sanchez, PhD, vice president for research at UT (University of Texas). A serious investor in a student’s IP will want to know with certainty that there will be no dispute about ownership, he says. Telling the investor that the university 'usually' doesn’t try to keep the IP simply isn’t good enough."

From +Tech Transfer Central: http://ow.ly/HkNtU

Student entrepreneurship stirs review, revision of IP ownership policies – Tech Transfer e-News – Tech Transfer Central
With more students becoming entrepreneurs and developing IP before they graduate, universities across the country are taking another look at their policies on ownership of that IP