Tech elites leaving San Francisco threaten Silicon Valley's supremacy

Re:Tech elites leaving San Francisco threaten Silicon Valley... by cjhveal on Monday December 07, 2020 @01:09PM (#25334989)

I don't think that's the case. I've anecdotally heard that Stanford does take some (possibly small) amount of equity. From the first paragraph of Stanford's patent policy[0]:

> All potentially patentable inventions conceived or first reduced to practice in whole or in part by members of the faculty or staff (including student employees) of the University in the course of their University responsibilities or with more than incidental use of University resources, shall be disclosed on a timely basis to the University. Title to such inventions shall be assigned to the University, regardless of the source of funding, if any.

For an example of an institution with the kind of IP policy you're describing, the University of Waterloo in Canada has a policy[1] that by default assigns IP to creators rather than the institution:

> Except as stipulated below, it is University policy that ownership of rights in IP created in the course of teaching and research activities belong to the creator(s).

[0]: https://doresearch.stanford.edu/policies/research-policy-han... [1]: https://uwaterloo.ca/secretariat/policies-procedures-guideli...

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by LolWolf on Monday December 07, 2020 @01:55PM (#25335668)

Yeah, the important part about this is "with more than incidental use of University resources," which, for software, is almost nonexistent. (Even internet usage doesn't count as more than "incidental," which I know is a point that many places use to "suggest" they had a part in the creation.)

Otoh, they are extremely supportive of professors and PhDs (and undergrads, though those are often more software) starting companies based on research, and have very good policies regarding this. Most people end up generally happy on all sides.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by ibarea23 on Monday December 07, 2020 @01:19PM (#25335155)

Yeah this is definitely false. In most cases you own 1/3 at Stanford. But Stanford supports entrepreneurship like nowhere else, in my experience.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by Cd00d on Monday December 07, 2020 @01:34PM (#25335379)

That's interesting. Maybe it's the amount of equity that matters so much - it's been years since I heard this and it was an off-hand comment in a talk.

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