Entrepreneur professor partnership issues challenges and suggestions
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Entrepreneur-Professor Partnership: Issues, Challenges and Suggestions. Washington University in Saint Louis Saint Louis, MO 63130 [email protected] These slides are available at: http://www.cse.wustl.edu/~jain/talks/tie1103.htm. Professor. Entrepreneur. Raj Jain. Overview.

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Entrepreneur-Professor Partnership: Issues, Challenges and Suggestions

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Entrepreneur professor partnership issues challenges and suggestions

Entrepreneur-Professor Partnership: Issues, Challenges and Suggestions

Washington University in Saint LouisSaint Louis, MO [email protected]

These slides are available at:

http://www.cse.wustl.edu/~jain/talks/tie1103.htm

Professor

Entrepreneur

Raj Jain


Overview

Overview

  • Paradigm Shifts: With and Without Universities

  • Issues: Entrepreneur vs. Professor

  • Professors: Challenges and Advice

  • Advice to Entrepreneurs


Paradigm shifts from universities

Paradigm Shifts from Universities

  • Internet (from ARPAnet)

  • Minicomputing (from Lincoln Labs/MIT)

  • Google (Page Rank from Stanford)

  • 3COM Ethernet (Dr. Robert Metcalf/MIT/Parc)

  • Qualcomm CDMA (Dr. Irwin Mark Jacobs/UCSD)

    Note: Just random examples, not the top 5 list.


Paradigm shifts not from universities

Paradigm Shifts Not from Universities

  • Microsoft (personal computing)

  • Apple (personal computing, smart mobiles)

  • Facebook (Social Networking)

  • YouTube (Video Sharing)

  • Twitter (Micro blogging)


Paradigm shifts with entrepreneur professor partnerships

Paradigm Shifts with Entrepreneur + Professor Partnerships

  • Netscape (James Clark+UIUC)

  • Genentech (Robert Swanson VC+ Dr. Herbert Boyer)


Entrepreneur vs professor issues

Entrepreneur vs. Professor: Issues

Different Belief Systems

Laxmi: Goddess of Wealth

Saraswati: Goddess of Knowledge


Entrepreneur vs professor issues cont

Entrepreneur vs. Professor: Issues (Cont)

  • Different Motivators: Money vs. publications

  • Different requirements: customers vs. citations

  • Different Languages: English vs. Greek l, m,

  • Different Playgrounds: Business vs. Technical Conf.

  • Different time scales: Short-term vs. Long Term


Professors challenges

Professors: Challenges

  • Success measured by publications

  • NSF mostly funds long-term research

  • Most professors have no "real-world" experience

  • Get too deep in one area Þ Can't move with fast changing world

  • No topics remains hot for 5 years (Time for a PhD)


Advice to professors

Advice to Professors

  • Balance your research investment:

    • Long term

    • Medium Term

    • Short Term

  • Measure your success not by publication but by industry adoption

  • Go an extra mile: Take your research to industry forums (Standards bodies)

  • Attend industry forums (TIE meetings, Business shows)


Advice to entrepreneurs

Advice to Entrepreneurs

  • Find technology cheap (Netscape) Þ Visit universities: Midwest is bestToday’s Gems: DTN, CCN, SDN

  • Attend technical conferences to find unchartered territories

  • Easier to deal with professors that participate in industry forums: Standards bodies, TIE meetings

  • Try SBIR/STTR with university collaboration

  • Get credibility by having an advisory board of leading professors

    (VCs need to help connect Entrepreneurs with professors)


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