David Wanetick –  Solution Nation

Solution Nation (at least the trademarked version of it) was born when David Wanetick published his riveting and meticulously researched book, Solution Nation: One Nation is Disproportionately Responding to the World’s Most Intractable Problems.

The Solution Nation site is a unique platform for public and private Israeli companies to convey their stories to the worldwide investment community.

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TODAY’S GUEST:

David Wanetick

Which countries’ citizens are the most prolific producers of unicorns? At home? Abroad? Why might some unicorns’ valuations be exaggerated? What traps lurk in the data? Listen to our methodology for calculating Solution Nation’s Grand Unicorn Score.

Where else can you glean fascinating insights about unicorns? Listen and learn about:

  • Which countries have the most entrepreneurial innovators in their diasporas?
  • How can a company’s unicorn status be manipulated?
  • What are the risks of a unicorn facing a downround?
  • When conducting worldwide unicorn analysis, should analysts take stated country populations and accounting practices at face value?
  • What inducements are provided to late-stage investors to help companies achieve unicorn status?
  • How should “flow of unicorns” and “vintage” factor into unicorn analysis?
  • How do definitions such as “founders” and “nationals” complicate unicorn research?
  • What can we learn from the 1972 Nobel Laureate in Economics in terms of conducting worldwide unicorn research?

David Wanetick is the CEO of Solution Nation and IncreMental Advantage (a patent valuation firm) and a Managing Director at JD Merit (a boutique investment bank). David has valued thousands of patents. His clients include Fortune 50 companies, emerging growth companies, mid-sized companies, tech transfer offices, national laboratories, venture capital funds and private equity funds. He runs the Certified Patent Valuation Analyst designation and is the author of seven books.

HISTORY:

1) CEO – IncreMental Advantage
2) Managing Director – JD Merit
3) Founder & CEO – Certified Patent Valuation Analyst

SHOW NOTES:

00:00:59 – To arrive at our Unicorn to population score, we adjusted the number of unicorns that exist in the United States that were founded by non-us citizen…

These statistics in these two columns come from a very fine study that was conducted by the National Foundation of American Policy. So you can Google the National Foundation of American Policy, you can find the report.

We produced and it’s a very fine report on they came up with these statistics. We adjusted these statistics because some countries have very large populations, other countries have much smaller populations.

So to arrive at our Unicorn to population score, we adjusted the number of unicorns that exist in the United States that were founded by non-us citizens, by the populations of the entrepreneurs home countries.

00:09:48 – I’ve done business in Israel for more than 20 years…

So here we see that it’s been reported by Crunchbase that Israel has 25 unicorns and Singapore has 19 unicorns.

I’ve done business in Israel for more than 20 years, I’ve done business in Singapore for more than 15 years, and I think I know a little bit about the innovation.

Ecosystems in these countries. And my belief is that Israel’s far more unicorns than singapore is a great country.

00:28:23 – Ok, now let’s take a few minutes and talk about some of the methodologies that can go into maybe refining this Unicorn driven research.

Let’s take a look at Japan. And Japan has no situations where Japanese citizens came to the United States and founded unicorns.

But in their home country, they have 10 unicorns. Ok, now let’s take a few minutes and talk about some of the methodology that can go into maybe refining this Unicorn driven research.

So we already learned that we can question the reported levels of population in different countries.

00:34:47 – There could also be nepotism at some companies, so an individual could be deemed to be a founder.

If a professor develops the underlying technology that Unicorn is using, and the professor develops that technology and patents it and provides a lot of consultative services to that newly found company, is that professor considered a founder or just an outside inventor?

There’s room for debate on issues such as that.

There could also be nepotism at some companies, so an individual could be deemed to be a founder.

00:40:16 – I think we also want to take a look at the recency of a company being deemed to be a Unicorn.

So in some of these countries there’s a very rapid cycle of companies that go through that process.

In other countries that they may be a bit more ossified, so you may have the existence of a good number of unicorns, but that’s a function of companies remaining unicorns for many years rather than being able to exit.

I think we also want to take a look at the recency of a company being deemed to be a Unicorn.

 

OTHER RESOURCES:

1) Enhanced Negotiating Strategies: This two-day seminar discusses the most intense negotiating strategies and tactics allowed without violating your ethics or morals

2) Valuation of Emerging Technologies: This seminar provides an in-depth review of more than 20 Valuation Methodologies

3) Solution Nation – The Book: Learn how the world’s most disadvantaged and destitute people stand to benefit from Israeli ingenuity.