Josh Lerner Quotes (7 Quotes)

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.

It's clearly more challenging for entrepreneurs seeking VC funding for the first time.

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.

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.

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.

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.

They're really applying the principles of entrepreneurial management even if they're not making a profit.