OVP Venture Partners Annual Summit (copy of John Cook’s Tweets)

13May09

I was hoping to see a larger blog post at TechFlash on the OVP summit John Cook attended yesterday, but it didn’t happen, so here’s an unedited copy of John Cook’s twitter feed (@johnhcook).

There was some really interesting notes that may be of interest to entreprenuers that deserves to be preserved before it scrolls off the twitter timeline.  If you’re not already following John Cook’s tweets, you really should…

# OVP summit: First talk is “the elephant in the room.” And the elephant? Bad times in the VC business.9:41 AM May 12th from TwitterFon

# OVP summit: Langeler says that only 15 percent of venture funds have made a profit since 2001. It’s grim but Langeler says it’s cyclical.9:43 AM May 12th from TwitterFon

# OVP Summit: Langeler says it’s ironic that Washington state is considering taxing VC profits now that no one has any.9:46 AM May 12th from TwitterFon

# OVP summit: Langeler says old that this is a good time to start a company and that those who survive will do well when market improves.9:48 AM May 12th from TwitterFon

# OVP summit: Langeler “clean tech is a very large and complex space.” OVP looking at deals where IT meets clean tech in the tools arena.9:52 AM May 12th from TwitterFon

# OVP summit: Langeler says that WA can be a leader of intersection of clean tech and IT.9:56 AM May 12th from TwitterFon

# OVP summit: Langeler is bullish on clean tech: “this economy has helped bring out some entrepreneurs that we haven’t seen before.”9:57 AM May 12th from TwitterFon

# OVP: Dense policy talk on carbon trading from Karla Bell. “(Americans) come late to the party and u usually like to take the party over.”10:40 AM May 12th from TwitterFon

# OVP: Langeler says carbon trading market has gone from €0 to €100 billion in 4 years and there was no software layer underneath it.10:48 AM May 12th from TwitterFon

# OVP summit: PNNL’s Mike Davis says national labs should take on problems that are of “national impact.”11:53 AM May 12th from TwitterFon

# OVP summit: Davis says national labs do A work but D promotion of that work.11:55 AM May 12th from TwitterFon

# OVP summit: Ed Lazowska says Seattle tech industry is in the minors compared to Boston and SF. Says we are smug and self satisfied.12:45 PM May 12th from TwitterFon

# OVP summit: Lazowska says the power of universities is the students they educate and entrepreneurial energy they pass on.12:48 PM May 12th from TwitterFon

# OVP summit: Lazowska says Seattle can be a leader in global health, citing PATH and Gates foundation.12:50 PM May 12th from TwitterFon

# OVP summit: Lazowska says you need to get rid of mediocrity at UW, replacing bad faculty and administrators.12:52 PM May 12th from TwitterFon

# OVP summit: Lazowska says problem with the state is that we are all one big happy family where every college and VC fund is above average.1:02 PM May 12th from TwitterFon

# OVP summit: Lazowska continues to slam the state saying officials bend over backwards for a sheet metal co. in Renton but nothing for IT.1:04 PM May 12th from TwitterFon

# OVP Summit: Lazowska says students with an entrepreneurial bent go to Stanford and says Washington has few research labs.1:16 PM May 12th from TwitterFon

# OVP summit: Lazowska says UW medicine is top notch but the rest of the campus has a long way to go, including computer science and eng.1:20 PM May 12th from TwitterFon



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