Inventors Launchpad Network

S2e28 – Andrew Krauss is a Licensing Expert with his Partner Stephen Key Their Company Inventright has helped hundreds of Inventors

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Sinopsis

Andrew was born and raised in California’s Silicon Valley, where he grew up being surrounded by passionate innovators—and what he identified early on as an unhealthy obsession with venture capital. When he discovered licensing, it was like a light bulb went off. “Everyone gets excited about raising money,” he said. “But licensing is much more sexy!” For one, there’s so much less financial risk—and yet still so much opportunity. He got excited about teaching inventors how to harness the power of open innovation and continues to be as excited, if not more, today. As the day-to-day manager of inventRight’s operations for over thirteen years and its head coach, Andrew has seen it all—and coached inventors through it. “At this point, our students have experienced every scenario you can possibly imagine,” he said. “Whether it’s communicating with a company that has never licensed an idea from an outside inventor before or signing a multi-million dollar deal, we’ve done it.” He continues to be inspired by the opport