First 6 lectures

Question 1

Where does Return on Investment (ROI) come from?

Answer 1

The monopoly that lasts until patent expiry

Question 2

What does a humanitarian license allow?

Answer 2

Free commerce of a product within specific areas, without losing patent rights.

Question 3

How did Moore et al pay for patent lawyers on their endograft design for AAA?

Answer 3

They founded another company (Failure Analysis of Cardiovascular Technologies - FACT) that consulted for companies to investigate what had gone wrong with their patents
This money was used to pay for patent lawyers

Question 4

Who did Moore et al sell endograft for AAA patent to and why

Answer 4

To Bose (2006) 
They wanted the high frequency oscillatory testing

Question 5

What is current Faciliflow status?

Answer 5

IP filed in US, China, EU
Version 1.0 tested on rats
Gov grant submitted
Seeking large investments funds for clincal trials

Question 6

High yield bond

Answer 6

Bond with high interest rate due to high risk (“junk bond”)

Question 7

What are alternative investments, and where do they fall on the risk scale?

Answer 7

Alternative investments: have an additional liquidity risk, as they are not traded on the stock market and therefore cannot be sold as easily.
They are more risky because of this

Question 8

Where did funding for Bioceramic Therapeutics come from?

Answer 8

Innovations

Network

Question 9

Where did funding for Phagenesis come from?

Answer 9

Angloscientific angel network (John Bolton)

Nestle Venture Fund

Question 10

Where did funding for Yaqrit come from?

Answer 10

UCLB

Superangels

Question 11

Timeline of phagenesis investment

Answer 11

Series A financing - 2 million
Series B financing - 5 million from Nestle Venture fund
Sale to Nestle - 2016

Question 12

Why was Nestle interested in investing in Phagenesis?

Answer 12

Nestle wanted a technological component to tx dysphagia and did not want Phagenesis as a competitor

Question 13

What was the first money investment that Yaqrit got?

Answer 13

Convertible loan agreement - loan that is converted into shares when next money comes in with investor agreement

Question 14

What is the normal time length to obtain a patent?

Answer 14

2-5 years

Question 15

How do you decide how many shares to create?

Answer 15

Create a number of shares so that each share will be worth between $1-100 based on your company’s valuation

Question 16

Can you buy fractions of shares?

Answer 16

Yes, but only on some markets e.g. NASDAC

You can buy X worth of a company, and they will give u fractionated share.

Question 17

What is sweat equity?

Answer 17

Shares you get in exchange for working for no money (typically at the start of a company)

Question 18

What is a derivative?

Answer 18

Promise related to what you are trading

If you promise someone you will sell them a share for X amount, they must pay a fee so you maintain that promise

Question 19

Where are derivatives traded?

Answer 19

On the liquid market, like stock

Question 20

What time of cap stocks are riskier?

Answer 20

Small cap are riskier than large caps

Question 21

What governs relationships between you and investors?

Answer 21

Investor agreement + Articles of Association/Bylaws

Question 22

What are fundamental components in running your company?

Answer 22

Investment agreement
Law
Contracts
Humans