Category Archives: Innovation

Technology Transfer according to EPFL and Rules for Startups

Technology transfer has best practices but it is not so easy to read about them. The Technology Transfer Office (TTO) at Ecole Polytechnique de Lausanne (EPFL) had the great idea to publish how it manages the specific situation of startup creation. In March 2022, it published its New Guidelines for start-ups at EPFL. It is a very interesting document and I advise people curious about the topic to read it. “I wish I had it when I launched my start-up!” claims one of the EPFL entrepreneur. At the same time, the head of EPFL’S TTO was interviewed by Nature Communication and the document is worth reading too. Here is the link : A conversation on technology transfer. I will quote it at the end of the post.

Here are some data:

– For exclusive licenses, EPFL obtains either a number of shares equivalent to 10% of the start-up capital stock at incorporation, or a lower share of the capital stock that is undiluted until the start-up has received a certain amount of equity investment, e.g. 5% of capital share undiluted until the total accumulated investment reaches the amount of 5 MCHF, regardless of the value of the company.

Royalties are applicable on sales and depend on the industry
Pharma 2–5%
Medtech 2–4%
Sensors, optics and robotics 1.5–3%
Environmental sciences & energy 1–3%
Computer and communication 1.5–3%
Semiconductors 1–3%
Software 1-25%
(this last % may be surprising and I assume it applies to licenses of fully usable software as a product)

– Exit : At the time of exit, EPFL will diligently consider any request of a start-up to transfer the licensed patents to an acquiring company that is committed and that has the capacity to further develop and commercialize the technology. The companies shall furnish the necessary business information to allow EPFL to understand the needs of such a transfer, and in the case of a royalty buyout to make a valuation of the licensed patents in terms of potential sales.

As promised some interesting elements from the interview. The words in bold are my choice.

“Contrary to what might be expected, the main factor is not necessarily the idea or technology itself, but people’s involvement. The actual and future commitment of the individuals involved in the commercialization of the technology is paramount, both on the academic and industrial sides. The commercialization of technologies is a long journey, from development, through de-risking, including prototyping and preliminary clinical validations, market analysis and industrialization, to the first sale. As no technology will find the path to commercialization by itself, long-term commitment is key.”

Entrepreneurship is an effective way to increase the odds, by having a single actor transitioning and playing both roles. While this strategy requires a double commitment in terms of time and risk taking, it may lead to a higher potential reward for the researcher.”

“It’s certainly a positive development that PhD students and postdocs now have a third option to consider besides staying in academia or taking a job in industry — that of becoming an entrepreneur — and an increasing number of great examples of entrepreneurs and start-up role models exist.”

“If personal motivation and commitment to entrepreneurship are present, the start-up route is the way to go. It’s important to understand that many TTOs do not create start-ups. Researchers, as “founders”, do it.”

A big thank you to my dear former colleagues in Switzerland for mentioning this very much needed information.

Bill Campbell, the Trillion Dollar Coach (Part III)

I very seldom read books twice, and had never done it with business books. This is the exception. I had blogged about this book here back in 2019. I remembered strong elements of good coaching but had not mentioned them. Here they finally come! Campbell does not talk much, does not give advice but asks questions… And he gives courage.

PRACTICE FREE-FORM LISTENING

In a coaching session with Bill, you could expect that he would listen intently. No checking his phone for texts or email, no glancing at his watch or out the window while his mind wandered. He was always right there. Today it is popu­lar to talk about “being present” or “in the moment.” We’re pretty sure those words never passed the coach’s lips, yet he was one of their great practitioners. Al Gore says he learned from Bill how “important it is to pay careful attention to the person you are dealing with… give them your full, undi­vided attention, really listening carefully. Only then do you go into the issue. There’s an order to it.”

Alan Eustace called Bill’s approach “free-form listening”­ – academics might call it “active listening,” a term first coined in 1957 – and in practicing it Bill was following the advice of the great UCLA basketball coach John Wooden, who felt that poor listening was a trait shared by many leaders: “We’d all be a lot wiser if we listened more,” Wooden said, “not just hearing the words, but listening and not thinking about what we’re going to say.”

Bill’s listening was usually accompanied by a lot of ques­tions, a Socratic approach. A 2016 Harvard Business Review article notes that this approach of asking questions is essen­tial to being a great listener: “People perceive the best listen­ers to be those who periodically ask questions that promote discovery and insight.”

“Bill would never tell me what to do,” says Ben Horowitz. “lnstead he’d ask more and more questions, to get to what the real issue was.” Ben found an important lesson in Bill’s technique that he applies today when working with his fund’s CEOs. Often, when people ask for advice, all they are really asking for is approval. “CEOs always feel like they need to know the answer,” Ben says. “So when they ask me for ad­vice, l’m always getting a prepared question. I never answer those.” Instead, like Bill, he asks more questions, trying to understand the multiple facets of a situation. This helps him get past the prepared question (and answer) and discover the heart of an issue.

[…]

When you listen to people, they feel valued. A 2003 study from Lund University in Sweden finds that “mundane, almost trivial” things like listening and chatting with employees are important aspects of successful leadership, because “people feel more respected, visible and less anonymous, and included in teamwork.” And a 2016 paper finds that this form of “re­spectful inquiry,” where the leader asks open questions and lis­tens attentively to the response, is effective because it heightens the “follower’s” feelings of competence (feeling challenged and experiencing mastery), relatedness (feeling of belonging), and autonomy (feeling in control and having options). Those three factors are sort of the holy trinity of the self-determination the­ory of human motivation, originally developed by Edward L. Deci and Richard M. Ryan.

As Salar Kamangar, an early Google executive, puts it, “Bill was uplifting. No matter what we discussed, I felt heard, understood, and supported.” [Pages 89-91]

DON’T STICK IT IN THEIR EAR

And when he was finished asking questions and listening, and busting your butt, he usually would not tell you what to do. He believed that managers should not walk in with an idea and “stick it in their ear.” Don’t tell people what to do, tell them stories about why they are doing it. “I used to describe success and prescribe to everyone how we were going to do it,” says Dan Rosensweig. “Bill coached me to tell stories. When people understand the story they can connect to it and figure out what to do. You need to get people to buy in. It’s like a running back in football. You don’t tell him exactly what route to run. You tell him where the hole is and what’s the blocking scheme and let him figure it out.”

Jonathan often experienced this as a sort of test: Bill would tell a story and let Jonathan go off and think about it until their next session to see if Jonathan could process and under­stand the lesson it contained and its implications. Chad Hur­ley, YouTube cofounder, had the same experience. “It was like sitting with a friend at the Old Pro [the Palo Alto sports bar],” Chad says. “He would talk about things that had hap­pened to him. He wasn’t trying to preach, just be present.”
Fortunately, Bill expected similar candor in return. Alan Gleicher, who worked with Bill as the head of sales and oper­ations at Intuit, had a simple way of summing up how to be successful with him. “Don’t dance. If Bill asks a question and you don’t know the answer, don’t dance around it. Tell him you don’t know!” For Bill, honesty and integrity weren’t just about keeping your word and telling the truth; they were also about being forthright. This is critical for effective coach­ing; a good coach doesn’t hide the stuff that’s hard to talk about – in fact, a good coach will draw this out. He or she gets at the hard stuff.

Scholars would describe Bill’s approach – listening, pro­viding honest feedback, demanding candor – as “relational transparency,” which is a core characteristic of “authentic leadership.” Wharton professor Adam Grant has another term for it: “disagreeable givers.” He notes in an email to us that “we often feel torn between supporting and challenging others. Social scientists reach the same conclusion for leader­ship as they do for parenting: it’s a false dichotomy. You want to be supportive and demanding, holding high standards and expectations but giving the encouragement necessary to reach them. Basically, it’s tough love. Disagreeable givers are gruff and tough on the surface, but underneath they have others’ best interests at heart. They give the critical feedback no one wants to hear but everyone needs to hear.”

Research on organizations shows what Bill seemed to know instinctively: that these leadership traits lead to bet­ter team performance. One study of a chain of retail stores found that when employees saw their managers as authentic (for example, agreeing that the manager “says exactly what he or she means”), the employees trusted the leaders more, and the stores had higher sales. [Pages 97-99]

BE THE EVANGELIST FOR COURAGE

Bill’s perspective was that it’s a manager’s job to push the team to be more courageous. Courage is hard. People are nat­urally afraid of taking risks for fear of failure. lt’s the man­ager’s job to push them past their reticence. Shona Brown, a longtime Google executive, calls it being an “evangelist for courage.” As a coach, Bill was a never-ending evangelist for courage. As Bill Gurley notes, he “blew confidence into people.” He believed you could do things, even when you yourself weren’t so sure, always pushing you to go beyond your self-imposed limits. Danny Shader, founder and CEO of PayNearMe, who worked with Bill at GO: “The thing I got the most out of meetings with Bill is courage. I always came away thinking, I can do this. He believed you could do stuff that you didn’t believe you could do.”

[…]

Conveying boldness was not blind cheerleading on Bill’s part. He had the mind-set that most people have value, and he had the experience and a good enough eye for talent that he generally knew what he was talking about. He had such credibility that if he said that you could do something, you believed him, not because he was a cheerleader but because he was a coach and experienced executive. He built his mes­sage on your capabilities and progress. This is a key aspect of delivering encouragement as a coach: it needs to be cred­ible.

And if you believed him, you started to believe in your­ self, which of course helped you achieve whatever daunting task lay before you. “He gave me permission to go forth,” Alphabet CFO Ruth Porat says. “To have confidence in my judgment.” [Pages 100-102]

These are the elements that formed the foundation of Bill’s success as an executive coach – and that those who benefited from his coaching took with them when they became coaches to their own colleagues and direct reports, too. He started by building trust, which only deepened over time. He was highly selective in choosing his coachees; he would only coach the coachable, the humble, hungry lifelong learners. He listened intently, without distraction. He usually didn’t tell you what to do; rather, he shared stories and let you draw conclusions. He gave, and demanded, complete candor. And he was an evangelist for courage, by showing inordinate confidence and setting aspirations high. [Page 105]

Exclusive license vs. ownership of Intellectual Property

Intellectual Property (IP) is a sensitive and often cleaving topic. I have already addressed the topic here, check the hashstag #intellectual-preperty (or also #licensing). But even once the general value of IP is addressed, there are tons of secondary issues.

One is the specific question of how ownership of IP by a startup vs. an exclusive license granted by an academic institution is considered, in particular by investors. On January 27, 2022, I send an short email to 300+ investors and I got about a 10% response rate. In parallel, I mentioned the topic on my LinkedIn account and I got additional comments. Although, there is a rich argumentation about pros and cons of both situations, so that the reader may want to have a careful look at the full answers, here is my synthetic understanding:

There is no fundamental difference between license and transfer from the point of view of the startup’s strategy, except what happens in the event of bankruptcy or liquidation. The license is not an asset and therefore the intellectual property is no longer usable. With this nuance, admittedly significant, there are two additional points:
– Some investors think that the owner pays for the maintenance of the IP and suits the possible “infringers” to defend this property. I don’t think that’s the case because in my experience it’s the licensee who does that.
– In case of a trade sale, it is important that the license can be transmitted and this is a major item, that is to be guaranteed. There maybe political or strategic issues though.
Finally, a price for the transfer may be added when or if possible.
There is no doubt that the reputation of the institution and the stability of these acts are essential. (There would be more to add like equity vs. (capped or not) royalties in the license terms, milestones and many details… I tried to be as short as possible).

You can download here pdf file Survey on license vs ownership of IP.

Survey on license vs ownership of IP – Lebret – 1Feb2022

A MIT entrepreneurial history – Part 2 : Ecosystems & Culture

I continued reading the excellent From the Basement to the Dome by Jean-Jacques Degroof and found more inspiring elements about ecosystems, culture and also technology transfer from academic institutions after my first post. Here they are:

6 ingredients of the MIT ecosystem

Degroof gives us the cultural elements of the ecosystem: But what is it about this culture that has been supportive of entrepreneurship? The argument of this book is that entrepreneurship is particularly congruent with at least six elements of MIT’s culture: a well-ingrained, bottom-up organizational dynamic; excellence in all things that one studies or attempts to do, as well as a belief in hard work and fortitude; an interest in problem-solving and having a positive impact on the world; a belief in experimenting and a tolerance of failure; the pride of being viewed as rebels, sometimes eccentric and even a bit geeky, pursuing unconventional solutions; and the tradition of a multidisciplinary approach to problem-solving. [Page 90]

Why startups?

Here is an interesting comment about academic technology transfer: “Established firms are seldom interested in licensing emerging technologies from academia for several reasons. They don’t understand the potential of the technology; the time frame to develop the tech into a viable product exceeds the time horizon that most firms are comfortable with, or else they fear that they could cannibalize their existing business. As a result, in 1987, the TLO’s new director, John Preston, took the initiative to license technology to new ventures in exchange for equity, first as an experiment because there was a great concern at MIT about potential conflicts of interest. During the first year of this policy, six companies were formed based on such licenses, including ImmuLogic and American Superconductor. Sixteen more companies were formed during the second year. [Page 34]

Degroof then describes the multitude of ecosystem tools, all in a bottom-up logic, with serendipity (chapter 6) as a fairly common mechanism. The beginning of chapter 8 on technology transfer with the example of Amberwave is another must-read:

Often the initial performance of the new technology is either lower than that of existing solutions or not high enough to justify the switching cost for potential clients. As a result, established companies often don’t see the potential of new academic technologies. Moreover, in the few cases when the technology’s advantage is obvious or clearly promising, established companies are often concerned lest they cannibalize market share from their existing technology—a technology in which they have invested time and money, and around which they have built whole supply chains and other infrastructure.
It is estimated that an investment equal to 10 to 100 times the cost of the academic research is needed to bring an academic technology to market. This process also requires patience and perseverance. It can take at least two to three years for a patent to get issued once it is filed. When a company finally licenses a technology, it might take an additional five to ten years before it generates revenue. All in all, the uncertain performance of developing academic inventions, the associated costs, and the time lag between invention and revenue generation make investing in embryonic academic inventions extremely unattractive.
This does not mean that large firms never license patents from universities, but more often, inventors are the only ones to understand and to believe in the commercial potential of their technology. They are, therefore, frequently the only candidates interested in founding (and sometimes funding) a company to commercialize their technology. This process involves obtaining a license for the patent or patents based on their invention from their university, since, following the Bayh-Dole Act of 1980, the university owns the intellectual property of government-funded research. The edge that inventors have is the extensive and unique knowledge that they have accumulated through their research efforts and exposure to industry over the years.
[Page 156]

Managing technology transfer

And more interesting information here about avoiding conflicts of interests at MIT: Policies do not allow faculty members to use students for research and development (R&D) related to a start-up in which that professor has equity, nor may students be employed by such a start-up. A start-up in which a professor has an interest is not allowed to fund research in that professor’s lab. Similarly, a professor is not allowed to conduct federally funded research in collaboration with such a start-up, with the exception of SBIR and Small Business Technology Transfer (STTR) funding. A start-up venture may not be located in a lab. Employees of a professor’s start-up may not be involved in the research activities of the professor’s lab. Research in the lab may not be influenced by a professor’s other professional activities. A faculty member’s full-time employment at MIT prohibits significant managerial responsibilities in a start-up. [Pages 161-62]

Or about making money with Technology Transfer: Many universities expect their technology transfer activities to be profitable and bring in revenue. Although MIT is one of the most successful and experienced universities in terms of technology transfer, its experience shows that this kind of financial gain is a misleading expectation. “Any university that counts on its tech transfer to make a significant change in its finances is statistically going to be in trouble,” said Nelsen. To that end, her motto during her tenure as head of the TLO was, “Impact, not income.” [Page 162]

Many startup stories

Degroof adds anecdotic descriptions of individual companies, rich with lessons: these are BBN (1948), Teradyne (1960), Analog Devices (1965), Prime Computer (1972), Apollo Computer (1980), Thinking Machines (1983), Harmonix Music Systems (1995), Amberwave (1998) ThingMagic (2000), Momenta Pharmaceuticals (2001), SmartCells (2003), Ambri (2010), Firefly Bioworks (2010), Sanergy (2011), Wecyclers (2012), Nima Sensor (2013), Bounce Imaging (2013), ReviveMed (2016), Biobot Analytics (2017), not forgetting Robert Langer’s 40+ spinoffs from 1987 to today!

Internal venture capital – The Engine

My experience with academic venture capital funds is mitigated to say the least. So this is an interesting experiment: Faced with this perceived market failure, MIT’s leadership pointed to the need for patient capital to bring ventures that are trying to commercialize tough science and need more time than do digital businesses to reach a stage where they are ready for venture capital. […] In October 2016, President Reif announced the creation of The Engine, https://www.engine.xyz , a for-profit but public benefit corporation, separate from MIT, that would act as an accelerator for start-ups trying to commercialize “tough techs” by providing advice and physical facilities, as well as an investment fund of patient capital. […] In addition to going against MIT’s policy of not funding entrepreneurial projects, The Engine also broke with Institute tradition by incubating the entrepreneurial projects of its members, which certainly raised substantial objections within the MIT community. [Page 64]

The Engine has a double bottom line: it seeks financial returns and it seeks impact. The Engine raised $200 million for its first fund, with MIT contributing $25 million. […] The fund invests from $250,000 to $2 million per venture, and its investments are not exclusive to MIT-related firms. The investment is made with a time horizon of eighteen years, rather than the typical five to eight years given in the case of venture capital funds. […] Second, The Engine gives start-ups access to infrastructure, such as expensive, specialized equipment, including some from MIT, that otherwise might represent a barrier to entry to firm foundations. The Engine’s facility was initially located in 26,000 square feet of space in Cambridge, with the ambition of expanding to 200,000 square feet through a network of offices, labs, and prototyping and makerspaces a few blocks from Kendall Square. […] Third, the new initiative comes with a network of professionals and mentors in the so-called hard-tech space. [Page 173]

In 2020, The Engine raised a second $250M with $35M from MIT and Harvard University joined as a new LP. Is this different than VC? Will it succeed? Time will tell…

Why you should never look for a cofounder

This recurring question of looking for a cofounder has been bothering me for years. Similarly I do not like the idea of giving titles in the early days of a startup (project) as you may read here : Titles in Start-ups.

My argument is that you don’t look for cofounders. You have them already, you found them by talking about your project to friends or colleagues. It’s a bit like falling in love, you do not look to marry, you meet people. Point.

Of course, this does not help much, because there remains the loneliness of the entrepreneur. But do we get married just to fill the loneliness? As it turned out, thinking about it, I came across an excellent article in which I totally recognized myself: Everything You Need to Know About Startup Founders and Co-Founders.

Here are some key points:
– A founder is a person who comes up with an idea and then transforms it into a business or startup. If a founder sets up a company with other people, they are both a founder and a co-founder.
– “Founder” and “CEO” are two […] startup titles that people can carry simultaneously. One is a permanent title, while the other is not. “You will always be a Founder or Co-Founder.” Be sure to be careful however how you dole out the Founder/Co-Founder titles. That should be a lifetime title so be sure it goes to the right people who played a major role in the starting of the company and who will continue to play a role in the years to come.
– A founding member can often feel similar to a founder or co-founder because they come on so early in the process that they’re also putting in crazy hours and maybe even taking a pay cut in order to be a part of something important. But a founding team member is an early employee, not a founder. One important difference? The types of stock the two groups receive. Founder’s equity is different from Employee Stock Grants.
– “I’m totally unconvinced that two people can find a person they haven’t known previously, and become effective co-founder,” […] “I think you’re better off finding the money to hire someone than actually find a co-founder.
– If someone has come along a little later in the game, but still early — as in, pre-first employee — then you treat the same any other co-founder! If you’re choosing to add a “co-founder” after you already have employees, though, things can get a little tricky.

One thing is forgotten in the article, it is the investor (friends & family, BA, VC) or institution entering at the creation and from my point of view they are not founders because they do not (generally) contribute to the business…

Finally, the term founder does not seem to me to have a legal existence. It is only awarded by the group of people who recognize themselves as such. There is, however, an interesting example, namely how one of the founders of Tesla filed a complaint against Elon Musk, in particular because he considered that he was not a founder. The complaint is readable here (see page 28).

If you wish to dig a little more, here are two older posts:
The Founder’s Dilemmas – The Answer is “It depends!”
Founder without experience, lonely founder.

Doris Lessing again – about great men

I wrote in Testament or Testimony ? Lessing, Reich, Grothendieck, Jobs, Arles how much I loved reading The golden notebook.

I just read another strange page which stroke me. And even more strangely, I discovered that the French translation (that I first discovered) was quite different from the original version. Have a look here at the French post if you read French or at my translation below. Here is the original text (but please read until the end of this post for some surprise):

You and I, Ella, we are the failures. We spend our lives fighting to get people very slightly more stupid than ourselves to accept truths that the great men have always known. They have known for thousands of years that to lock a sick person into solitary confinement makes him worse. They have known for thousands of years that a poor man who is frightened of his landlord and of the police is a slave. They have known it. We know it. But do the great enlightened mass of the British people know it? No. It is our task, Ella, yours and mine, to tell them. Because the great men are too great to be bothered. They are already discovering how to colonise Venus and to irrigate the moon. That is what is important for our time. You and I are the boulder-pushers. All our lives, you and I, we’ll put all our energies, all our talents, into pushing a great boulder up a mountain. The boulder is the truth that the great men know by instinct, and the mountain is the stupidity of mankind. We push the boulder. I sometimes wish I had died before I got this job I wanted so much – I thought of it as something creative.

Now here is my translation of the French translation, and it is quite different from the original version!

But, my dear Anna, we are not the failures we think we are. We spend our lives struggling to get people hardly less stupid than ourselves to accept the truths that great men have always known. They have always known, for ten thousand years, that by locking a human being in total isolation we can make him or her an animal or a beast. They have always known that a man who is poor or terrorized by the police or by his owner is a slave. They have always known that a terrorized man is cruel. They have always known that violence leads to violence. And we know it. But do the great masses in the world know this? No. Our job is to tell them. Because great men cannot waste their time on it. Their imaginations are already busy inventing ways to colonize Venus; they are already creating in their minds a vision of a society made up of free and noble human beings. Meanwhile, human beings are ten thousand years behind them, and are locked in fear. Great men cannot waste their time on it. And they are right. Because they know we are here, the rock pushers. They know that we will continue to push rocks on the first foothills of a huge mountain, while they are already free at the top. They are counting on us, and they are right. And that’s why we are ultimately not useless.

I am not sure which version I prefer, but I was quite amazed by what Doris Lessing had written more than 50 years ago, all the more it reminds me again the quote by Wilhelm Reich in the post I mentioned above.

Now shame on me! I had second thoughts and could not believe the translator was so creative so I looked again, and I found this new piece:

‘But my dear Anna, we are not the failures we think we are. We spend our lives fighting to get people very slightly less stupid than we are to accept truths that the great men have always known. They have always known, they have known for ten thousand years, that to lock a human being into solitary confinement can make a madman of him or an animal. They have always known that a poor man frightened of the police and his landlord is a slave. They have always known that frightened people are cruel. They have always known that violence breeds violence. And we know it. But do the great masses of the world know it? No. It is our job to tell them. Because the great men can’t be bothered. Their imaginations are already occupied with how to colonise Venus; they are already creating in their minds visions of a society full of free and noble human beings. Meanwhile, human beings are ten thousand years behind them, imprisoned in fear. The great men can’t be bothered. And they are right. Because they know we are here, the boulder-pushers. They know we will go on pushing the boulder up the lower slopes of an immensely high mountain, while they stand on the top of the mountain, already free. All our lives, you and I, we will use all our energies, all our talents, into pushing that boulder another inch up the mountain. And they rely on us and they are right; and that is why we are not useless after all.’

Why was there Anna and Ella, I should have thought about it immediately. The Ella piece is on page 107 and the Anna one on page 311 of my version. My mistake at least is an indication of the strange richness of Lessing’s novel.

Testament or Testimony ? Lessing, Reich, Grothendieck, Jobs, Arles

August is a good time to look back at things. It’s when I was thinking of this, that I wondered if there was a common etymology to Testament & Testimony. Apparently, there is not. Whatever… 1370 posts since July 2007 (in fact close to 700 as the blog is bilingual French-English, that’s about one per week), about 600 comments (ah ah!) and a lot of lessons.

August was also special on different sides, particularly cultural… I’ve been reading The Golden Notebook by Doris Lessing, a remarkable novel. Here is an extract: The Communist Party, like any other institution, continues to exist by a process of absorbing its critics into itself. It either absorbs them or destroys them. I think: I’ve always seen society, societies, organized like this: a ruling section or government with other sections in opposition; the stronger section either ultimately being changed by the opposing section or being supplanted by it. But it’s not like that at all: suddenly I see it differently. No, there’s a group of hardened, fossilized men opposed by fresh young revolutionaries as John Butte once was, forming between them a whole, a balance. And then a group of fossilized hardened men like John Butte, opposed by a group of fresh and lively-minded and critical people. But the core of deadness, of dry thought, could not exist without lively shoots of fresh life, to be turned so fast, in their turn, into dead sapless wood. In other words, I, ‘Comrade Anna’ — and the ironical tone of Comrade Butte’s voice now frightens me when I remember it — keep Comrade Butte in existence, feed him, and in due course will become him. And as I think this, that there is no right, no wrong, simply a process, a wheel turning, I become frightened, because everything in me cries out against such a view of life

This reminded me another post dated May 2009 about innovation and revolution which I found a little similar. “Entrepreneurs are the revolutionaries of our time.” And he had added: “Democracy works best when there is this kind of turbulence in the society, when those not well-off have a chance to climb the economic ladder by using brains, energy and skills to create new markets or serve existing markets better then their old competitors” You’ll find it here, Entrepreneurs and Revolution. And also a quote from the autobiography of Malcolm Little , which I had copied in my book. “When he was still at school, he wrote, his teacher asked him what he would like to become as an adult. A lawyer, he answered. Uncomfortable with his answer, she told him he’d rather think about becoming a carpenter thanks to his manual skills, but also because of his status. From that day on, he decided not to listen to such advice”.

August was also the opportunity to see some of the Rencontre photographiques in Arles.

A few exhibitions, from left to right and top to bottom: Masculinities, Pieter Hugo, Jazz Power!, Sabine Weiss, The New Black Vanguard, Thawra! ثورة Revolution!, Desideration (Anamanda Sîn)

Street artists have also been active in August. Just have a look at Banksy or Invader. Artists show the world as it is, the crises, more and more of its diversity, its uncertainties too. Transmission, accepting to disappear have been recurrent topics here, a rather darwinian view of the world. And that’s why I would just like to mention again a few other important quotes to me:

Reich_Listen_little_man

“I want to tell you something, Little Man; you lost the meaning of what is best inside yourself. You strangled it. You kill it wherever you find it inside others, inside your children, inside your wife, inside your husband, inside your father and inside your mother. You are little and you want to remain little.” The Little Man, it’s you, it’s me. The Little Man is afraid, he only dreams of normality; it is inside all of us. We hide under the umbrella of authority and do not see our freedom anymore. Nothing comes without effort, without risk, without failure sometimes. “You look for happiness, but you prefer security, even at the cost of your spinal cord, even at the cost of your life”. Wilhelm Reich already posted in March 2010.

sjobs

No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true. Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma — which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary. Steve Jobs already posted in July 2007.

Finally, not a quote but an extract from a text about how Alexandre Grothendieck also discovered this painful passage from youth to future disappearance: In May 1968, the machine goes wrong. Shourik, as his relatives call him, goes to Orsay to dialogue with the “protesters”. The anar is scolded by the “enraged”. The outcast discovers he is a Mandarin. “After that, he was not the same” […] “It was a terrible slap, it was incredibly violent”. I spoke about this math genius in March 2016 and August 2020.

I finish this post which may look a little gloomy with a link to a very good article about trusting science: How to make the future more rational. It is optimitic, enthusiastic and shows that we can be realistic about the world, and our limits and still be positive and happy. Just a testimony or small, fragile testament.

Knowledge, skills and personality of entrepreneurs

A friend (thanks Kevin!) just retweeted the following: What kind of Knowledge, skills and personality traits are common to successful entrepreneurs?

I tend to agree 100% but I may have an idealized view of my own experience! It also reminded me another quote from the same period (2011 vs. 2010) by Steve Blank: Over the last decade we assumed that once we found repeatable methodologies (Agile and Customer Development, [Lean Startup], Business Model Design) to build early stage ventures, entrepreneurship would become a “science”, and anyone could do it. I’m beginning to suspect this assumption may be wrong. It’s not that the tools are wrong. Where I think we have gone wrong is the belief that anyone can use these tools equally well. In the same way that word processing has never replaced a writer, a thoughtful innovation process will not guarantee success.” Blank added that “until we truly understand how to teach creativity, their numbers are limited. Not everyone is an artist, after all. The full interview can be found on archive.org.

and also Komisar: “I think there’s stuff you can’t possibly learn in school and I’m not even sure you can learn that on the job. There’s an entrepreneurial character. Some people have it and some people don’t. Some people may not think they have it, and they may have it. A lot of people they think they have it, and many don’t.”

A comparison of the Swiss and French innovation ecosystems

Here is ma latest contribution to Entreprise Romande, it dates back to february 2020, that is before the Covid19 lockdown…

A comparison of the Swiss and French innovation ecosystems.
Hervé Lebret, former head of the start-up unit, EPFL.

Having left Switzerland last August after more than twenty years at the service of high-tech innovation to come back to my beautiful native country, France, where I will continue to work with the founders of startup, I will try to make here a brief comparison of the two innovation systems, with the aim of giving some advice to my friends who stayed in Switzerland, assuming that it may not be necessary!

At the risk of disappointing the reader, it is at the margin that I see differences and this is undoubtedly good news. In the past twenty years, all European states have understood the importance of innovation for the future of the economy and jobs; one speaks about FrenchTech, SwissTech, but in reality one speaks all the more of the same thing as the mobility of ideas, people and companies attenuates the national characters.

However, there are still some differences. What strikes the most, at the risk of caricature, is that France remains the centralized state that Louis XIV then Napoleon sculpted while Switzerland is viscerally federal. For example BPIFrance, the National Public Investment Bank, is critical to innovation both in Paris and in the regions and I don’t think there is an equivalent in Switzerland. The CTI, which would be closest to a national innovation agency, manages a few hundred million Swiss Francs where BPI manages tens of billions of Euros. The ratio is out of proportion to the relative size of the economies of the two countries.

The two agencies have great similarities in the sense that they finance a number of programs from awareness-raising and training in entrepreneurship to funding innovation projects in research centers and personalized advice to entrepreneurs. There is, however, a significant nuance: the public authorities do not directly finance companies or investment funds in Switzerland and these activities are left to the private sector, while in France, BPI finances startups and venture capital funds. . This is a major difference which partly explains the weakness of venture capital in Switzerland. The impact remains difficult to measure, however, because Swiss startups find capital abroad.

The French system also remains more bureaucratic despite major changes in recent years. Switzerland remains more pragmatic: philosophically it seems to me that the law expresses what is allowed in France, what is prohibited in Switzerland, it is a nuance which makes Switzerland more flexible and let us not forget that smaller size has many advantages over complexity. However I have wondered in recent years if the Swiss system has not had a certain tendency to become more complex and even to become more rigid like the French system, but this is just a feeling; I do not have enough data. I am refering, for example, of all the national or international programs, the objective of which is to make the ecosystem more visible: Digital Switzerland on the one hand, Startup Nation on the other; Human brain on one side, quantum computer on the other. Woe to those who are not members of them…

So if I can allow some advice, innovation is not a big machine that we can plan. A multitude of initiatives is better than big programs. Faced with the France of the CAC40, Switzerland has always preferred its fabric of SMEs, at the risk for each country to forget the importance of startups. Both countries have positively evolved, but I have a little fear of convergence towards this complex and slightly bureaucratic planning that I briefly mentioned. In reality, innovation is a fragile object, it is necessary to deal with a good deal of benevolence and tact [1].

[1] https://www.startup-book.com/2015/10/19/what-makes-an-entrepreneurial-ecosystem-by-nicolas-colin/​​