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> Not mentioned in the video is that Philips Ventures is effectively buying up MedTech companies with proven tech, and hovering up the IP into their portfolio a
by tetrep 4y ago
> Not mentioned in the video is that Philips Ventures is effectively buying up MedTech companies with proven tech, and hovering up the IP into their portfolio as an 'innovation' strategy.
Why is that bad? Unless there's something underhanded about the sale, it sounds like it's exactly what a lot of startup founders want: make an MVP, get noticed, get bought, take your pile of money and make another business or go sit on a beach or whatever you want to do.
- DoingIsLearning 4y agoI think the issue is that companies like Philips aren't just buying a rising star, they are also buying out fractions of early startups or creating 'accelerators' for early startups. They are reaching out and grabbing earlier and earlier in the pipeline. To me this is bad from two angles. For startups, they start to get influenced and stiffled by big corp 'this is the right way' too soon, which stiffles innovation. For big companies it gives suits an easy cost down to defund internal R&D and externalize that cost, this means that all the deep pocket research you had in the golden days of Bell Labs cannot be replicated, which again stiffles innovation.