A few voices on the web have recently called for a less glamourous presentation of start-up life. Mention the failures, be candid about the problems – they say. Personally, I found my entrepreneurial ride stressful enough without dwelling on the problems but I guess the goal is to give budding...
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This post started in the sane confines of my office but was completed on a holiday cruise with my family (I am sitting on the sun deck near Barbados right now). Emotional references abound! Happy Holidays! My wife and I recently celebrated our 12th anniversary. Certainly not a massive...
This post started as a discussion on Mark Suster’s blog that became far too long. So I thought I make it an even longer blog post… The nature of my job brings me into frequent contact with entrepreneurs, and the nature of entrepreneurship means that a lot of their...
Paul Graham recently published an essay on founder control of start-ups. How much control over the business should the founders have once the company reaches a certain size? Paul’s answer bucks the “golden rule” of investor control past Series A. But what does control actually mean? As valuations for...
Dealing with universities and their Technology Transfer Offices (TTO) can be a very frustrating experience if you don’t understand the unique cultural barriers at universities. I am often in the role of intermediary between the university and business world, so the following dialog is common: Helge: The university wants...
Investing in university innovation is very difficult. In fact, I would argue that it is nearly impossible for traditional venture funds. Part of this is the inherent expectation gap between university inventors and venture capitalists. The latter wants focused, multi-disciplinary founders (tech & biz), and universities generally don’t have...
At this point you are probably wondering why on earth I recommended that you find the Technology Transfer Office (TTO) in the first place. If they can’t develop your business, what are they good for other than taking some of “your” money? In fact, every single email I received following...
Hopefully you either followed my last guide or already knew your Technology Transfer Office (TTO). Now it’s time to get to know them a bit better. First you need to figure out what is your relationship with your TTO. Broadly speaking, your university will follow one of two invention ownership...
As a professor or student interested in entrepreneurship you might have heard about something called a Technology Transfer Office (TTO). It’s the place that is supposed to help you turn your idea into money. The next few posts will be a quick guide to finding, understanding and leveraging these...
For the last few days I have been staring at the title for the last topic in my “Spin-Off vs Start-Up” mini-series. Unlike the topics of focus, budget and customer development, it seemed really hard to write about intellectual property without a long explanation of the patent system. Thankfully,...