There are a bunch of people around Morgantown who invested in Mylan Pharmaceuticul 30 plus years ago. They are mostly pretty wealthy now, based on the increased value of that stock.
OK. So I and some colleagues are restarting up our for profit WVu spinoff to produce and market safety audits to run on handheld computers.
We've been at it for more than 15 years and once before set up a for profit "Backpocket." We weren't about making money, but wanted to "disseminate" something we thought could save lives. At the height of venture capital times we thought we could attract some money to do the two things we hadn't done developing this software out of the university base: 1. Invest in marketing. 2. Make it pretty. Well the VC market went away and we've been plugging along developing this as a research product. Low and behold the current version seems cool enough to sell to the public and we have a partner to handle distribution.
So now we are setting up our private company again. WVU will own 19%. I will own somewhere around 30%. In talking to other future shareholders (based on past and present contributions) the idea of getting rich as in Mylan came up. So I'm thinking, "that is a wild fantasy." But every once in a while the little birdie inside me says, "and what if you actually made some money out of this..."
I'll guess we'll have to just wait and see.
Hopefully we'll save some damn lives! (inside joke)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment