Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.
How much Equity Universities
take in Start-ups from IP
Licensing?
Historical data
Hervé Lebret
November 2013
NB: this was not an easy exercise and I would not claim it is mistake-free.
You should read it as indicative only, hopeful...
Lessons learnt
Assuming the data are accurate:









Universities own about
 10% at creation or
 5% post –serie...
Appendix
Concept & Examples
http://www.startup-book.com/2010/06/15/university-licensing-to-start-ups-part-2/
General concept
“The license issue fee typically ranges from $10,000 to $50,000, but can be as high as
$250,000 for an esp...
More considerations

http://www.techmonitor.net/tm/images/d/de/04may_jun_sf7.pdf
Stanford University

http://otl.stanford.edu/about/brainstorm/1203_equity.html
Carnegie Mellon
Massachusetts Institute of Technology

MIT Typical Terms
•
•
•
•
•
•
•

Exclusive
Field of Use: Limited
License Issue Fee:...
Caltech
University Equity in Start ups for IP Licensing - Lebret - nov 2013
Prochain SlideShare
Chargement dans…5
×
Prochain SlideShare
Stanford high tech entrepreneurs-lebret
Suivant
Télécharger pour lire hors ligne et voir en mode plein écran

6

Partager

Télécharger pour lire hors ligne

University Equity in Start ups for IP Licensing - Lebret - nov 2013

Télécharger pour lire hors ligne

How much equity universities take in start-ups for a license of intellectual property? It is sometimes not to say often a hot topic and information is not easy to obtain. Howeever there are some standards or common practice.

Livres associés

Gratuit avec un essai de 30 jours de Scribd

Tout voir

Livres audio associés

Gratuit avec un essai de 30 jours de Scribd

Tout voir

University Equity in Start ups for IP Licensing - Lebret - nov 2013

  1. 1. How much Equity Universities take in Start-ups from IP Licensing? Historical data Hervé Lebret November 2013
  2. 2. NB: this was not an easy exercise and I would not claim it is mistake-free. You should read it as indicative only, hopefully it is accurate! Indirectly related with Equity sharing through 200+ start-ups - October 2013 www.slideshare.net/lebret/startup-equity
  3. 3. Lessons learnt Assuming the data are accurate:       Universities own about  10% at creation or  5% post –series A (average: $5M)  Universities keep a 1-2% equity stake at exit,  Worth a few $M (Median is $1M) With an average of $70M VC investment, And market value in the $1B range (Median is $300M) Royalties are in the 1-4% range. Median values are as important as Averages. All this is consistent with information in Appendix
  4. 4. Appendix Concept & Examples http://www.startup-book.com/2010/06/15/university-licensing-to-start-ups-part-2/
  5. 5. General concept “The license issue fee typically ranges from $10,000 to $50,000, but can be as high as $250,000 for an especially promising technology that is close to market. Royalty rates are typically 2% to 5% but can go as high as 15%.” […] “Recently, licensing managers have begun to take equity in start-up companies in combination with, or in place of, license issue fees or royalties. In a typical arrangement the university takes a 5% equity position in the company in place of the license issue fee.”
  6. 6. More considerations http://www.techmonitor.net/tm/images/d/de/04may_jun_sf7.pdf
  7. 7. Stanford University http://otl.stanford.edu/about/brainstorm/1203_equity.html
  8. 8. Carnegie Mellon
  9. 9. Massachusetts Institute of Technology MIT Typical Terms • • • • • • • Exclusive Field of Use: Limited License Issue Fee: $25 - $100K Royalty: 3-5% Minimum annual royalty: escalates over time Equity: 5% after significant funding Patent expense reimbursement http://acscinf.org/docs/meetings/234nm/presentations/234nm62.ppt
  10. 10. Caltech
  • kahenlemma

    Nov. 27, 2015
  • WallStBrainTrust

    Oct. 19, 2015
  • spiroskapetanakis

    Oct. 29, 2014
  • gvrooyen

    Mar. 5, 2014
  • PhilippeLin

    Nov. 20, 2013
  • shawnstsai

    Nov. 20, 2013

How much equity universities take in start-ups for a license of intellectual property? It is sometimes not to say often a hot topic and information is not easy to obtain. Howeever there are some standards or common practice.

Vues

Nombre de vues

17 083

Sur Slideshare

0

À partir des intégrations

0

Nombre d'intégrations

9 542

Actions

Téléchargements

285

Partages

0

Commentaires

0

Mentions J'aime

6

×