1995 Government Intellectual Property Technology 
Steve Blank
AUGUST 5, 2010
The technologies were different, the time horizons were different, (2 to 5x longer to take a drug through FDA trials ~14 years,) and the regulatory environment was different (barely any in traditional VC investments compared to FDA trials for drugs and 510K approvals needed for medical devices.)
www.paulgraham.com
OCTOBER 23, 2010
Its not what people learn in classes at MIT and Stanford that has made technology companiesspring up around them. In a technology startup, which most startups are, the foundersshould include technical people. The rulers of the technologybusiness tend to come from technology, not business. Its the same with technology.
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