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Startups Lose Innovative Edge Under Corporate Funding
AUSTIN, Texas – When an established corporation invests in a startup, it hopes to share in the startup’s innovative technological advances. But such investments can have the opposite effect, according to a new study by a researcher in the McCombs School of Business at The University of Texas at Austin.
Post-investment, startups steer away from radical new technologies. Instead, they focus on incremental advances in domains where the established company is already strong, according to the paper forthcoming and online in advance in Organization Science.
“They’re warping their technology trajectory,” said Francisco Polidoro Jr., associate management professor in the McCombs School and the lead author of the paper. “They’re diminishing the distinctiveness that made them attractive to investors in the first place.”
Posted on 370
Day One Biopharmaceuticals, a clinical-stage biopharmaceutical company focused on accelerating new, promising targeted therapies for children and adults with cancer, today announced the appointment of Charles N. York II as chief operating and financial officer and the addition of Natalie Holles to the Company’s board of directors.
“Charles and Natalie are accomplished biopharmaceutical executives and bring significant financial, operational and corporate development expertise to Day One,” said Jeremy Bender, Ph.D., chief executive officer of Day One. “This expansion of our management team and board comes at an exciting time for the Company and follows the recent completion of our Series B financing, as well as the initiation of the pivotal FIREFLY-1 study with DAY101 in pediatric low-grade glioma. Charles and Natalie’s collective skill set will be an asset to Day One as we continue to diligently
Published on February 5, 2021 at 12:16 pm
Last update on February 23, 2021 at 9:23 pm
At UT, there is no “one-stop shop” for students in need of academic advising. In order for students to find their academic way on the Forty Acres, they have to first figure out where exactly to seek help.
Students pursuing interdisciplinary learning at UT –– anyone seeking dual degrees, double majoring, pursuing a minor, on a pre-professional track and anyone whose general education requirements necessitate enrollment in courses outside of their major –– will eventually find themselves navigating the complexities of overlapping course requirements.
UT has a decentralized academic advising model –– advisors are accessed through individual academic departments. This approach, while designed to foster advisors’ deep knowledge of their specific departments and colleges, is not optimal for students pursuing interdisciplinary learning.