Josh Lerner
Josh Lerner
apparent current despite lake money risks shown silver successful tech wave
Silver Lake has been unquestionably the most successful of the current wave of tech buyout groups. They have shown that despite the apparent risks of these deals, considerable money can me made.
corrupted danger filing patents people poses process risks
Our standards-setting process risks being corrupted by having people filing for, and getting, any patents they want. That poses a real danger to the effectiveness of innovation.
ability ambitious leverage manage normal situation students undertake useful
They still have to have vision, the ability to undertake an ambitious project, to leverage resources, to manage financing. We thought it would be very useful for the students to look at a situation that was very different from the normal one.
applying management principles
They're really applying the principles of entrepreneurial management even if they're not making a profit.
exchange invention monopoly patent system temporary trade
The patent system is a trade-off. We get the 'good' of an invention in exchange for the 'bad' of a temporary monopoly on that invention.