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One would expect that all of that wording means they licensed technology from SRI (likely heavily patented). So a curious badger might wonder if SRI is owned pa
by just2n 14y ago
One would expect that all of that wording means they licensed technology from SRI (likely heavily patented). So a curious badger might wonder if SRI is owned partly by his family or their friends. It seems highly unlikely that some kid with an idea for a news app would be able to license at any affordable rate patented technology that is "creating billions of dollars of marketplace value", or afford a work contract for original R&D.
That then makes me wonder what Yahoo gets out of the deal if indeed the algorithm behind the application is mostly patented, especially at such an overpriced valuation. Or if SRI did the R&D and what's being left out here is that his family/friends paid tens of millions for the research to build the algorithm, then this barely covers the cost? And if they did the R&D, then one wonders what this kid has really done (did he build the rest himself, or hire engineers?)
Personally, this feels like Yahoo buying a story about how it's acquiring "big, successful, talent." It's hard to understand at all what's going on here.