“Some companies are born in the classroom. Terry Winograd looks like an academic, with bushy white hair and a mustache to rival Einstein’s. When the former computer science professor first went to work at Stanford in 1973, his intentions were academic, too. Getting crazy rich wasn’t part of the plan, but as fate would have it, he was an adviser on Larry Page’s graduate research project involving web search.
Winograd never invested in his student’s startup, but he was invited to work at Google during a 2002 sabbatical and was largely paid in pre-IPO stock. The company, now called Alphabet Inc., went public in 2004 and is valued at $797 billion.
‘I’m not a billionaire,’ he said. ‘But I’m comfortable.'”
Now that’s a quintessential story of Stanford’s entrepreneurial culture.
The school continues to earn millions from research done on campus through its Office of Technology Licensing.
Post by Marcelino Pantoja