"Analysis of outcomes for spinouts in countries that removed Professor’s Privilege – including Denmark, Germany, Austria, Norway, and Finland – shows a significant decline across the board in patenting and commercialisation of academic ideas." Bring back Professor's Privilege and let's see what happens. It's time to experiment more with what TTOs can and should be. The National Venture Capital Association reports that investments soared in 2021 to a record total of nearly 330 billion, nearly twice the prior record set just a year earlier. The situation was perfect for entrepreneurs like Elizabeth Holmes to raise funding for implausible ideas. The current rigidity in tech transfer traces its roots back to the flawed Bayh–Dole Act in the US, which put too much control in the hands of middlemen: the universities. For years, prosecutors have eschewed criminal cases against financial manipulators, and loose financial conditions have driven a desperate search for positive real returns. “Sweden – a country which retained Professor’s Privilege – has in fact seen a higher rate of academic entrepreneurship than even the US in the period since other countries switched to a US-style model of university ownership of intellectual property.”įor the good of innovation, universities should try more approaches to learn what really works best. Hopin Sold for $15 Million After Raising $1 Billion #vc #venturecapital #startups #entrepreneurs #entrepreneurship #tech #technology #innovation #money #investing #investors #investment future venture capital investment in frothy financing periods such as. The company raised 945 million from famous venture capitalists including Tim Draper. He cashed out nine figures worth of secondaries. The Elizabeth Holmes trial is sending shockwaves through the venture community. Elizabeth Holmes, left, the founder of failed blood-testing start-up Theranos. That all being said, the person who did come out of this one looking like a true shrewd player is Johnny Boufarhat, Hopin's founder. ![]() Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US700 million from venture capitalists and private investors, resulting in a 10 billion valuation at its peak in 20. Opinion: Why venture capitalist believes Elizabeth Holmes should be freed The media has turned her into a villainous caricature. ![]() Plenty of VCs used valuations as a substitute for real track record to raise funds and make Partner in the frothy years of 2020-2022. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. Venture capitalists seek out big ideas that will. Yet many investors used that ridiculous valuation as their claim to fame and raised a fund, or made Partner based on it. But the Theranos affair is in some ways a feature, not a bug, of Silicon Valley capitalism and that system has reaped huge rewards for the US. “Hopin was valued at $7.75B at its Series D round of funding in August 2021…Hopin sold its core assets to RingCentral last week for just $15M…the price could climb to $50M based on the achievement of specified undisclosed performance targets.” □
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