Brook Byers: Biotechnology Venture Capitalist, 1970-2006
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Silicon Valley Then and Now: to Invent the Future, You Must Understand the Past
Silicon Valley Then and Now: To Invent The Future, You Must Understand The Past https://medium.com/backchannel/why-silicon-valley-will-continue-to-rule-c0cbb441e22f “You can’t really understand what is going on now without understanding what came before.” Steve Jobs is explaining why, as a young man, he spent so much time with the Silicon Valley entrepreneurs a generation older, men like Robert Noyce, Andy Grove, and Regis McKenna. It’s a beautiful Saturday morning in May, 2003, and I’m sitting next to Jobs on his living room sofa, interviewing him for a book I’m writing. I ask him to tell me more about why he wanted, as he put it, “to smell that second wonderful era of the valley, the semiconductor companies leading into the computer.” Why, I want to know, is it not enough to stand on the shoulders of giants? Why does he want to pick their brains? “It’s like that Schopenhauer quote about the conjurer,” he says. When I look blank, he tells me to wait and then dashes upstairs. He comes down a minute later holding a book and reading aloud: Page | 1 Steve Jobs and Robert Noyce. Courtesy Leslie Berlin. He who lives to see two or three generations is like a man who sits some time in the conjurer’s booth at a fair, and witnesses the performance twice or thrice in succession. The tricks were meant to be seen only once, and when they are no longer a novelty and cease to deceive, their effect is gone. -
How Venture Capital Works by Bob Zider
Accounting How Venture Capital Works by Bob Zider From the Magazine (November-December 1998) Invention and innovation drive the U.S. economy. What’s more, they have a powerful grip on the nation’s collective imagination. The popular press is filled with against-all-odds success stories of Silicon Valley entrepreneurs. In these sagas, the entrepreneur is the modern- day cowboy, roaming new industrial frontiers much the same way that earlier Americans explored the West. At his side stands the venture capitalist, a trail-wise sidekick ready to help the hero through all the tight spots—in exchange, of course, for a piece of the action. As with most myths, there’s some truth to this story. Arthur Rock, Tommy Davis, Tom Perkins, Eugene Kleiner, and other early venture capitalists are legendary for the parts they played in creating the modern computer industry. Their investing knowledge and operating experience were as valuable as their capital. But as the venture capital business has evolved over the past 30 years, the image of a cowboy with his sidekick has become increasingly outdated. Today’s venture capitalists look more like bankers, and the entrepreneurs they fund look more like M.B.A.’s. The U.S. venture-capital industry is envied throughout the world as an engine of economic growth. Although the collective imagination romanticizes the industry, separating the popular myths from the / current realities is crucial to understanding how this important piece of the U.S. economy operates. For entrepreneurs (and would-be entrepreneurs), such an analysis may prove especially beneficial. Profile of the Ideal Entrepreneur Venture Capital Fills a Void Contrary to popular perception, venture capital plays only a minor role in funding basic innovation. -
Did You Know?
DID YOU KNOW? Î Î NYU Tandon moved up 39 spots over the last Women make up 43% of the Tandon Class decade in U.S. News and World Report. of 2022, 20% higher than the national average for an engineering Î Alum James Truslow Adams (1898) coined the school. 40% of our term The American Dream in his 1931 book students are 1st in The Epic of America, painting a portrait of a their families to attend place where “each man and each woman shall college and over 1/3 % be able to attain to the fullest stature of which are Pell eligible. NYU 43 they are innately capable, and be recognized Tandon is changing the by others for what they are, regardless of the definition of who fortuitous circumstances of birth or position.” is under-represented in STEM. Î NYU Tandon is a premier center for Cybersecurity. It launched one of the first Î NYU Tandon Online is ranked by U.S. News and cybersecurity master’s degree programs World Report among Best Online Graduate (1998); runs the world’s largest student-run Engineering programs for the 6th year in a row, cybersecurity games, CSAW, with 20,000 and #2 among Online Information Technology participants annually; is home to the “Bridge” Master’s Degree Programs. program, uniquely designed to give those lacking a background in science or engineering Î FINTECH: Second oldest financial engineering a gateway into earning a master’s in program (1995), ranked #9 by Quantnet. cybersecurity or other select master’s degree; Î The Center for K-12 STEM Education has a leader in hardware security research; and as educated 500 home to the NYU Center for Cybersecurity teachers and is home to a cross discipline program with law positively impacted and business. -
Kramlich Dick Donated.Pdf
National Venture Capital Association Venture Capital Oral History Project Funded by Charles W. Newhall III C. Richard Kramlich Interview Conducted and Edited by Mauree Jane Perry 2006 All uses of this manuscript are covered by a legal agreement between The National Venture Capital Association and C. Richard Kramlich, dated January 9, 2009. The manuscript is thereby made available for research purposes. All literary rights in the manuscript, including the right to publish, are reserved to the National Venture Capital Association. No part of the manuscript may be quoted for publication without the written permission of the National Venture Capital Association. Requests for permission to quote for publication should be addressed to the National Venture Capital Association, 1655 North Fort Myer Drive, Suite 850, Arlington, Virginia 22209, or faxed to: 703-524-3940. All requests should include identification of the specific passages to be quoted, anticipated use of the passages, and identification of the user. Recommended citation: C. Richard Kramlich, “Venture Capital Greats: A Conversation with C. Richard Kramlich,” interviewed by Mauree Jane Perry on August 31, 2006, in San Francisco, California, National Venture Capital Association, Arlington, Virginia. Copyright © 2009 by the National Venture Capital Association www.nvca.org This collection of interviews, Venture Capital Greats, recognizes the contributions of individuals who have followed in the footsteps of early venture capital pioneers such as Andrew Mellon and Laurance Rockefeller, J. H. Whitney and Georges Doriot, and the mid-century associations of Draper, Gaither & Anderson and Davis & Rock — families and firms who financed advanced technologies and built iconic US companies. Each interviewee was asked to reflect on his formative years, his career path, and the subsequent challenges faced as a venture capitalist. -
Copyrighted Material
pter O ha n C e An Historic Overview of Venture Capitalism • Those who cannot remember the past are condemned to repeat it. —George Santayana Why is an historical overview of VC important? Because history does in fact repeat itself, and a study of history allows us to frame an understanding of the present and the future. The playersCOPYRIGHTED and the investment climate MATERIAL change, but the entrepreneur’s innate instinct to risk capital for a return is no different today from what it was when John D. Rockefeller became America’s first billionaire in 1900. When Andrew c01.indd 1 10-12-2013 8:50:11 [2] The Little Book of Venture Capital Investing Carnegie joined forces with his childhood friend, Henry Phipps, to form Carnegie Steel in 1892, they were driven by the same conviction to improve the status quo as are the idealistic dream chasers of the twenty-first century. It was these early trailblazers who paved the way and developed the techniques that have laid the foundation for VC as we know it today. Arguably, historians will debate the nature of history and its usefulness. This includes using the discipline as a way of providing perspective on the problems and opportu- nities of the present. I believe it to be an important tool in providing a systematic account and window to the future. It is patently dishonest and irresponsible to perpetuate the popular mythology that those who created great wealth in America are to be despised and that there are no useful les- sons to be learned from an objective, historical review of their contributions to the subject at hand. -
HOW DID SILICON VALLEY BECOME SILICON VALLEY? Three Surprising Lessons for Other Cities and Regions
HOW DID SILICON VALLEY BECOME SILICON VALLEY? Three Surprising Lessons for Other Cities and Regions a report from: supported by: 2 / How Silicon Valley Became "Silicon Valley" This report was created by Rhett Morris and Mariana Penido. They wish to thank Jona Afezolli, Fernando Fabre, Mike Goodwin, Matt Lerner, and Han Sun who provided critical assistance and input. For additional information on this research, please contact Rhett Morris at [email protected]. How Silicon Valley Became "Silicon Valley" / 3 INTRODUCTION THE JOURNALIST Don Hoefler coined the York in the chip industry.4 No one expected the term “Silicon Valley” in a 1971 article about region to become a hub for these technology computer chip companies in the San Francisco companies. Bay Area.1 At that time, the region was home to Silicon Valley’s rapid development offers many prominent chip businesses, such as Intel good news to other cities and regions. This and AMD. All of these companies used silicon report will share the story of its creation and to manufacture their chips and were located in analyze the steps that enabled it to grow. While a farming valley south of the city. Hoefler com- it is impossible to replicate the exact events that bined these two facts to create a new name for established this region 50 years ago, the devel- the area that highlighted the success of these opment of Silicon Valley can provide insights chip businesses. to leaders in communities across the world. Its Silicon Valley is now the most famous story illustrates three important lessons for cul- technology hub in the world, but it was a very tivating high-growth companies and industries: different place before these businesses devel- oped. -
ESPACE Economies in Space - Working Papers in Economic Geography
ESPACE Economies in Space - Working Papers in Economic Geography No. 2008-5 The spatial innovation biography of a commercially successful monoclonal antibody Christian Zeller 20 January 2008 Universität Bern, Institute of Geography, Economic Geography and Regional Studies http://www.geography.unibe.ch/econgeo The spatial innovation biography of a successful monoclonal antibody Christian Zeller Geographisches Institut der Universität Bern Hallerstr. 12 CH-3012 Bern Phone +-31-631 8556 Fax. +41-31-631 85 11 [email protected] Abstract. The paper presents an in-depth analysis of the innovation biography and geography of a commercially successful monoclonal antibody and related technologies. At present, out of about 100 recombinant therapeutics on the market, 21 are monoclonal antibodies. The analysis is based on a conceptual framework that combines elements from sectoral innovation systems and technological systems approaches as well as debates on different knowledge bases. This detailed analysis of one therapeutic agent reveals the participants in the entire innovation process and their locations. Pharmacetical drugs follow a very complex innovation path, from basic research on disease mechanisms, to discovery of the drug candidate, to preclinical and clinical development, manufacturing and approval for market. The paper shows the structure of resource, knowledge and value flows over the course of the entire innovation process, from basic discovery up to the commercialization of the drug. The more the innovation process progresses, the more it is shaped by financial and commercial considerations. Keywords: monoclonal antibodies, biotechnology, innovation systems, knowledge, intellectual property Espace 2008-5 Spatial innovation biography of a successful monoclonal antibody 1. Introduction Much geographical research undertaken on innovation processes in biotechnology suffers from three shortcomings. -
Tech Returns to Its NYC Roots the Talent That Fled to Suburban Nerdistans Is Returning to the Cities
Tech returns to its NYC roots The talent that fled to suburban nerdistans is returning to the cities BY Richard Florida NEW YORK DAILY NEWS Wednesday, May 14, 2014, 4:12 AM Jersey genius In the years after World War II, when Silicon Valley was still mostly orchards surrounding a up-and-coming university, New York was the most innovative city in the world. Its suburbs were home to Bell Labs and IBM, two of the companies that trained the talent and created the technology and the ecosystem for the revolution that would reach critical mass on the other side of the continent. New York owed its energy and vitality to the factors that Jane Jacobs would identify in her groundbreaking 1961 book “The Death and Life of Great American Cities”: its density and diversity. Unruly and unpredictable and filled with unlikely combinations of people, its economy was quintessentially entrepreneurial. Writing in the American Economic Review that same year, economist Benjamin Chinitz contrasted New York’s hundreds of start-ups to Pittsburgh’s staid corporatism and predicted Pittsburgh’s steep decline. But a no less destructive process than the one that was undoing Pittsburgh was already under way in New York, one that the urban economists Edgar Hoover and Raymond Vernon dubbed “the flight from density” — the great exodus of jobs and people to the suburbs. High-tech industry and talent followed suit, shifting from the urban core to the suburban nerdistan. Many date the rise of Silicon Valley to 1925, when Frederick Terman returned to Stanford from MIT to mentor a generation of engineer entrepreneurs, including William Hewlett and David Packard. -
NATIONAL CANCER ADVISORY BOARD Convened on February 3-4, 1998, at The: National Institutes of Health Natcher Building, Room E1 and E2 Bethesda, Maryland 20892
NATIONAL CANCER ADVISORY BOARD convened on February 3-4, 1998, at the: National Institutes of Health Natcher Building, Room E1 and E2 Bethesda, Maryland 20892 ATTENDEES TABLE OF CONTENTS Call to Order, Opening Remarks, and Consideration of Minutes of Dr. J. Michael Previous Meeting Bishop Dr. J. Michael Future Board Meeting Dates Bishop Report of the Deputy Director, National Cancer Institute Dr. Alan Rabson Questions and Answers Legislative Update Ms. Dorothy Questions and Answers Foellmer Remarks by the President, American Association for Cancer Dr. Donald Coffey Research (AACR) Questions and Answers Dr. Harold Report of the President's Cancer Panel Freeman Dr. J. Michael New Business I Bishop Status Report: Implementation of the Bishop-Calabresi Report Dr. J. Michael Recommendations Bishop NCAB Members Intramural Epidemiologic and Genetic Translational Initiatives Dr. Joseph Fraumeni NCI Office of Special Populations Research Dr. Otis Brawley Questions and Answers Status Report: Director, Center for Scientific Review Dr. Ellie Ehrenfeld Questions and Answers Mini-Symposium: Evidence-Based Medicine and the Cochrane Dr. Kay Dickerson Collaboration Dr. Cynthia · Systematic Reviews and Evidence-Based Medicine Mulrow Dr. Liam O'Toole · U.K. Medical Research Council View on Systematic Evidence and the Cochrane Collaboration Dr. Christopher · Evidence-Based Cancer Care: The Role of the Cochrane Cancer Network Williams Questions and Answers Implementation of Program Review Group Recommendations Dr.Robert Wittes Dr. Michaele · Clinical Trials Review Implementation Committee Christian · Early Detection Review Implementation Committee Dr. Bsrnett Kramer Dr. Peter · Chemoprevention Implementation Review Committee Greenwald Status Report: Director's Consumer Liaison Group Ms. Eleanor Questions and Answers Nealon New Business II Dr. -
Financing the Next Silicon Valley
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Washington University St. Louis: Open Scholarship Washington University Law Review Volume 87 Issue 4 2010 Financing the Next Silicon Valley Darian M. Ibrahim University of Wiconsin Law School Follow this and additional works at: https://openscholarship.wustl.edu/law_lawreview Part of the Banking and Finance Law Commons Recommended Citation Darian M. Ibrahim, Financing the Next Silicon Valley, 87 WASH. U. L. REV. 717 (2010). Available at: https://openscholarship.wustl.edu/law_lawreview/vol87/iss4/1 This Article is brought to you for free and open access by the Law School at Washington University Open Scholarship. It has been accepted for inclusion in Washington University Law Review by an authorized administrator of Washington University Open Scholarship. For more information, please contact [email protected]. Washington University Law Review VOLUME 87 NUMBER 4 2010 FINANCING THE NEXT SILICON VALLEY DARIAN M. IBRAHIM ABSTRACT Silicon Valley’s success has led other regions to attempt their own high-tech transformations, yet most imitators have failed. Entrepreneurs may be in short supply in these “non-tech” regions, but some non-tech regions are home to high-quality entrepreneurs who relocate to Silicon Valley due to a lack of local financing for their start-ups. Non-tech regions must provide local finance to prevent entrepreneurial relocation and reap spillover benefits for their communities. This Article compares three possible sources of entrepreneurial finance—private venture capital, state-sponsored venture capital, and angel investor groups—and finds that angel groups have distinct advantages when it comes to funding innovation in non-tech regions. -
Rituximab (Rituxan®, Mabthera®) Antibodies ELISA Assay
“trace & catch” innovation for health & wellness Instructions for Use Antibodyinnovation for health & wellnessto Rituximab (Rituxan®, Mabthera®) ELISA SHIKARI® S-ATR Enzyme immunoassay for the qualitative determination of antibodies to rituximab in serum and plasma 0 REF TR-ARTXv1 ∑ 12i x ∑8 i 2-8 C generated at BeQRious.com Matriks Biotek Laboratories www.matriksbiotek.com SHIKARI® S-ATR • 1 Contents Page Intended Use ................................................................................................................ 3 Summary and Explanation............................................................................................ 3 Test Principle ................................................................................................................ 6 Warnings and Precautions ............................................................................................ 6 Storage and Stability ..................................................................................................... 7 Specimen Collection and Storage ................................................................................. 8 Materials Supplied ........................................................................................................ 8 Materials Required but not Supplied ........................................................................... 9 Procedure Notes ........................................................................................................... 9 Preparation of Component ........................................................................................ -
DEPARTMENT of HEALTH and HUMAN SERVICES PUBLIC HEALTH SERVICE NATIONAL CANCER INSTITUTE 121St NATIONAL CANCER ADVISORY BOARD
DEPARTMENT OF HEALTH AND HUMAN SERVICES PUBLIC HEALTH SERVICE NATIONAL CANCER INSTITUTE 121st NATIONAL CANCER ADVISORY BOARD Summary of Meeting February 20-21, 2002 Building 31C, Conference Room 10 National Institutes of Health Bethesda, Maryland 121st National Cancer Advisory Board NATIONAL CANCER ADVISORY BOARD BETHESDA, MARYLAND Summary of Meeting February 20-21, 2002 The National Cancer Advisory Board (NCAB) convened for its 121st regular meeting on Wednesday, February 20, 2002, in Conference Room 10 of Building 31, National Institutes of Health (NIH), Bethesda, MD. The meeting was open to the public on Wednesday, February 20, 2002, from 8:45 a.m. to 4:00 p.m. The meeting was closed to the public from 4:15 p.m. until adjournment at 5:00 p.m. The meeting was reopened to the public on Thursday, February 21, 2002, at 8:30 a.m. until adjournment at 12:00 noon. Dr. Phillip A. Sharp, Institute Professor, Center for Cancer Research, Massachusetts Institute of Technology, and Chair of the NCAB, presided during both the open and closed sessions on February 20. Dr. Ivor Royston, Managing Member, Forward Ventures, presided during the open session on February 21. NCAB Members President’s Cancer Panel Dr. Phillip A. Sharp (Chairperson) Dr. Harold Freeman (Chairperson) Dr. Richard J. Boxer Ms. Frances Visco Mr. Stephen C. Duffy Dr. Ralph S. Freedman Alternate Ex Officio NCAB Members Dr. James H. French Dr. Steven K. Akiyama, NIEHS Dr. Elmer E. Huerta Dr. T. G. Patel, VHA Dr. Howard K. Koh Dr. Peter Kirchner, DOE Dr. Frederick P. Li Ms. Yvonne Thompson Maddox, NICHD Dr.