![]() "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 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. “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. Chris Lucas, a venture capitalist whose firm had invested in Theranos, testified that reading the Fortune article had made him very proud of the situation, proud we were involved, very proud of. Even now, Elizabeth Holmes is riding the kind of privilege that comes with her mix of white collar crime, deep levels of family power connections, and white shoe law firms. a long-time neighbor of Holmes and billionaire venture capitalist with an. Hopin Sold for $15 Million After Raising $1 Billion Founder of failed blood-testing startup Theranos Elizabeth Holmes was found. #vc #venturecapital #startups #entrepreneurs #entrepreneurship #tech #technology #innovation #money #investing #investors #investment He cashed out nine figures worth of secondaries. 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. 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. What We Learned This Week in the Trial of Elizabeth Holmes. Safeway Ex-CEO Says Company Did ‘At Least 100 Hours’ of Due Diligence on Theranos Before Signing Deal. Yet many investors used that ridiculous valuation as their claim to fame and raised a fund, or made Partner based on it. Elizabeth Holmes Trial: Retailers Vetted Theranos without Testing Devices. The then 30-year-old Stanford dropout turned revolutionary biotechnology pioneer was the. “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.” □ In 2014, Elizabeth Holmes was arguably one of the most popular figures in the venture capital ecosystem.
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