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***SNS*** The Real Value of Intellectual Property
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Dr. Rick LeFaivre is a venture partner at OVP Venture Partners, working out of the firm's Kirkland, Washington, office. He also serves as Director of New Ventures - Technology at the University of Washington's Center for Commercialization, helping to create companies that leverage technology developed at UW. He has served as VP of the Advanced Technology Group at Apple Computer, as SVP of R&D and CTO at Borland International, and has held R&D management positions at Silicon Graphics, Sun Microsystems, and Tektronix.
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The Real Value of Intellectual Property
We live in the Information Age, we're told. But I would like to recast how you see global economics so, with your permission, I am going to ask that you add this verbiage to the pile of traditional global economic thoughts about financial fund flows, balance sheets, and price/earnings ratios. Really, so Yesterday.
Today, I would suggest, we live in the Innovation Age. And the result of innovation, done properly, is Intellectual Property: the design of a Boeing wing or a Lockheed fighter cockpit, a missile-capable nuclear weapon, a Ford drive train, a chip, an operating system, a movie, a song, a running shoe.
These are the creations that power the global economy today: it's the iPhone, and not the plastics or metals inside it, which represents the fastest-growing, and most critical and valuable, aspects of the global economy.
But how valuable? And to whom?
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Recent Issuesscott2022-09-20T16:01:24-07:00
SNS: The Real Value of Intellectual Property