Ben Gilbert: evaluation

Transcript context

…It's interesting. This dynamic has always been true. But now that Silicon Valley mindset is really a diaspora at this point, across the country and the world, obviously, one of the things I always thought when you and I, Anthony, were there lived first hand was that, Stanford really got this from a policy perspective in a way that no other university ever has, which is to my mind, I always boiled it down as the simple idea that if you push the innovation out of the university, let people make money on it, you will do better as a university than if you try and hold it within. That, to me, is a big part of the story of Silicon Valley. Famously, Stanford only took 1% of Google when it was a Stanford graduate research project, when most universities want 25%–50%-plus of anything that they call tech transfer. It's not even like, oh, it was your idea in the first place and we'd like the piece of it because it was developed here. It's like, oh, we're transferring it out into a company. It's right there in the language. Jensen Huang was a grad student at Stanford, as we talked about, while he's starting NVIDIA. There's a Jensen Huang building at Stanford, and it's not because Stanford took equity at NVIDIA in the early days.…

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