wpennington

5 ms·

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by wpennington 8y ago
Totally--and this is a really good point to clarify, especially if one would like to understand more broadly how VC works. I intentionally abstracted the "where does the money come from" in my original reply to focus on the classi
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by wpennington 8y ago
From 30k ft--in the financial industry, the VC title afforded a carve out from SEC oversight if its business was focused around certain qualifications (e.g., invested primarily in new-early stage private companies). This classification, in
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by wpennington 8y ago
Totally, you are 100% correct w.r.t. public disclosures and patent filings -- that you want to get the latter done before the former so as to preserve foreign rights outside of the US. Also, more broadly, so as to preserve any rights at all
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by wpennington 8y ago
It's interesting to see Google's AI principles [0,1] published on the same day as these patent applications. Of course, this could be unrelated and complete coincidence. However, this _could_ have been strategic depending on the p
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by wpennington 8y ago
It's also important to note that much of the value of any company created in the future as it grows, matures, etc. It sometimes happens that people default to ascribing value based on history or past contributions -- which certainly do
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by wpennington 9y ago
As phonon mentioned, Clerky is a service that can help with incorporation. Another service that is more comprehensive would be Stripe Atlas, which helps with everything from incorporation to setting up a SVB bank account to helping with tax
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by wpennington 9y ago
Given the work is being completed at SRI, I would assume the tech would be positioned in a patent or portfolio of some sort. However, this is purely speculation. Nevertheless, this suspicion is further supported by the fact the inventor has
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by wpennington 9y ago
Perhaps, although Harmonic Drive has previously licensed SRI's Abacus tech from the same inventor (Alexander Kernbaum)[0]. Given the two groups are already partners in commercialization, it wouldn't be a surprise if they extend th