Desh Deshpande, serial entrepreneur and Chairman of the Board at A123 Systems, just left the EmTech stage. Desh had great entrepreneurial insights, but the one that sticks out refers to the current economy. Desh believes over the past ten years the top students from best US universities were graduating and going to financial firms; with the current condition and unknown future of the US financial systems, Desh believes the top graduates will stop taking high paying Wall St. positions and will become the next generation of entrepreneurs powered by technological innovation.
Desh was also asked, “What comes first, the company or the rights to the Intellectual Property?” The ‘ol “Chicken or the egg” question. It depends. If the intellectual property (IP) is for the long-term and projected to have a long lifecycle, then licensing the IP comes first (without the IP there is no company). If the IP is in a rapidly innovative arena, then the company comes first, because the IP may be antiquated by the time it gets licensed. In an innovative arena the company must hire innovation savvy employees and not rely on intellectual property; if the company relies on the IP then it may survive for the short term, but will struggle with growth.