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Christopher R. Noble
Technology Licensing Office
Massachusetts Institute of Technology
Getting that exclusive license for
your unproven startup company:
and
you dont get funding from investors without
the license.
Solution:
A License Option
Typically 6 months
Often extendable
Gives both parties an opportunity to evaluate
the deal
Especially important for an exclusive license
What else?
Optimistic?
Useful
Proposed funding:
1st round
2nd round
Same problem.
2nd Important milestone.
$750K Seed;
OK.
Important milestone.
Hard to raise
money before
completing a What about
milestone. the B-round?
$5M
Series-A
June 3, 2015 CRNoble 11
How much to raise? When?
Christopher R. Noble
Technology Licensing Office
Massachusetts Institute of Technology
crn@mit.edu
tlo.mit.edu