1 / 10

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.

adena-william
Download Presentation

Entrepreneur-Professor Partnership: Issues, Challenges and Suggestions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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)

More Related