SAN MATEO, Calif., Feb. 14, 2020 /PRNewswire/ -- The Draper
Venture Network (DVN), an alliance of independent VC firms with
over 900 collective portfolio companies, is announcing the launch
of a program called Gold Star to help tech startups
effectively navigate partnership and investment opportunities with
established companies. One of the first corporate partners in its
Gold Star program will be TiVo, a company with an unrivaled legacy
of innovation in entertainment and digital technology.
Working with TiVo will give participating tech startups unique
strategic insights for commercializing their intellectual property.
While many startups and their investors often see IP as a defense
strategy, TiVo is prepared to help emerging tech companies
understand how to proactively capitalize on the untapped value of
their IP.
"The typical startup's approach to IP is to have an IP lawyer
file patents and that's about it," says renowned VC Tim Draper.
"But now we want our companies to begin profiting from their IP.
TiVo has world-class expertise in this field, plus an A-list
customer base in media and tech, all of which can be so valuable to
our early stage startups."
DVN and TiVo will work on a range of initiatives to highlight
and cultivate an ecosystem of radical innovation in the rapidly
evolving media and entertainment industry. TiVo will advise,
support, and partner with groundbreaking startups from Draper
Network's portfolios and beyond, representing sectors such as
virtual & augmented reality, blockchain, artificial
intelligence, 5G, and quantum computing.
"TiVo is committed to supporting the next generation of early
stage startups in unleashing the full potential of the
entertainment experience for consumers," said Arvin Patel, EVP and Chief Intellectual Property
Officer (CIPO) for TiVo. "We are honored to be included in the
DVN's Gold Star program. We see this as an opportunity to partner
with groundbreaking tech startups, in a collaborative 'think
tank'-style environment, to create a more vibrant ecosystem for
entertainment technology."
"The opportunity to share TiVo's world class IP expertise with
DVN's impressive roster of technology startups was too good to
miss," said Dave Shull, president
and CEO, TiVo. "We're all about bringing entertainment together for
consumers, wherever they want it, and the best way to do that is by
partnering with other great minds in the industry to share
expertise and accelerate innovation."
About Draper Venture Network (DVN):
Formed in 1990 by Tim Draper, DVN
is a self-governed organization of independent venture funds that
brings together entrepreneurs and investors to collaborate, share
strategies, and source new opportunities. Visit
https://drapernetwork.com/
About TiVo:
TiVo (NASDAQ: TIVO) makes it easy for people to find, watch and
enjoy the best movies, shows and videos from across live TV,
on-demand, streaming services and countless apps. For studios,
networks and advertisers, TiVo delivers a passionate group of
watchers to increase viewership and engagement across all screens.
Go to tivo.com and enjoy watching.
Media Contact: info@drapernetwork.com
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SOURCE Draper Venture Network