The probability of VCs investing in a start-up is far less likely than it was in 1999. And that's bad news for entrepreneurs.
More Quotes from Josh Lerner:
It's clearly more challenging for entrepreneurs seeking VC funding for the first time.Josh Lerner
Our standards-setting process risks being corrupted by having people filing for, and getting, any patents they want. That poses a real danger to the effectiveness of innovation.
Josh Lerner
These are not anarchistic things when you look at successful open-source projectsthere is real structure, real checks and balances, and real leadership taking place.
Josh Lerner
They still have to have vision, the ability to undertake an ambitious project, to leverage resources, to manage financing. We thought it would be very useful for the students to look at a situation that was very different from the normal one.
Josh Lerner
The patent system is a trade-off. We get the 'good' of an invention in exchange for the 'bad' of a temporary monopoly on that invention.
Josh Lerner
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Based on Keywords: vcsVeiling truth in mystery.
Virgil
One of the prerogatives by which man is eminently distinguished from all other living beings inhabiting this globe of earth, consists in the gift of reason.
William Godwin
I've got personal views on the '60s. You can't have freedom without paying the price for it.
James Lovelock