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Over the past year, tech transfer directors from Columbia, Duke, JHU, Penn, MIT, Stanford, and Yale worked with life science VCs from 5AM, Atlas, Polaris, OUP, RA Capital, and Venrock to create a common set of principles for university startup deal negotiations. These principles were captured in two documents: “Recommendations for Term Sheet Structuring”, covering equity, royalties, milestones, sublicensing, know-how royalties, diligence, and other recommendations for creating win-win outcomes; and “Recommendations for Process Improvements”, with recommendations for structuring the negotiation process itself to avoid unnecessary friction, gain buy-in early, and avoid overly long and painful negotiations.
In this webinar, both Directors of Technology Transfer Offices and VCs who helped compose these documents will discuss their goals in mind when structuring these documents, the process they took, highlights of the documents, and what’s next. Our panelists are:
- Robin Rasor, Executive Director, Duke Licensing & Ventures - Orin Herskowitz, Executive Director of Columbia Technology Ventures - Sarah Reed, General Counsel, RA Capital - Bill Harrington, Managing Partner, OUP Register here.
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