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Entrepreneur-Professor Partnership: Issues, Challenges and Suggestions

Entrepreneur-Professor Partnership: Issues, Challenges and Suggestions. Washington University in Saint Louis Saint Louis, MO 63130 Jain@cse.wustl.edu 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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  1. Entrepreneur-Professor Partnership: Issues, Challenges and Suggestions Washington University in Saint LouisSaint Louis, MO 63130Jain@cse.wustl.edu These slides are available at: http://www.cse.wustl.edu/~jain/talks/tie1103.htm Professor Entrepreneur Raj Jain

  2. Overview • Paradigm Shifts: With and Without Universities • Issues: Entrepreneur vs. Professor • Professors: Challenges and Advice • Advice to Entrepreneurs

  3. 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.

  4. Paradigm Shifts Not from Universities • Microsoft (personal computing) • Apple (personal computing, smart mobiles) • Facebook (Social Networking) • YouTube (Video Sharing) • Twitter (Micro blogging)

  5. Paradigm Shifts with Entrepreneur + Professor Partnerships • Netscape (James Clark+UIUC) • Genentech (Robert Swanson VC+ Dr. Herbert Boyer)

  6. Entrepreneur vs. Professor: Issues Different Belief Systems Laxmi: Goddess of Wealth Saraswati: Goddess of Knowledge

  7. 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

  8. 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)

  9. 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)

  10. 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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