Henry Samueli, All Charges Dismissed
He has a little more spring in his step today after charges were dismissed in his options backdating trial. The Los Angeles Times called it "a dramatic twist" when US District Judge Cormac J. Carney decided his transgressions were not a crime.
Henry Samueli is the billionaire co-founder of Broadcom and he's used his wealth, in part, to contribute to many local charities in Orange County. The Schools of Engineering at both UC Irvine and UCLA bear his name. Listen to how he created his empire.
Show #264 (43:36) Listen
Comments
We, me, are big fans of Mr Samueli. We are "back east" at the moment, brrrr, and did not pick up this news.
Posted by: Tod | December 11, 2009 10:12 AM
Kudos for the timely content, Frank -- delighted to read over the past couple of days about Henry's unprecedented good (legal) fortune.
Posted by: John | December 11, 2009 10:37 AM
Going from University Professor to Billionaire; it would have been nice if you asked him why it did, or how he got, his IP to pay off so well, as IP is a big stumbling block for many Angels and VCs.
Typically an entrepreneur approaches Angels and VCs with his IP and they say "so what, competition always comes along". Yet they also say IP is a requirement. It's funny how the exact same investor that advertises, if you have IP contact me, also says IP doesn't matter.
We all know IP is a necessity to emulate the monetary success of Samueli but it is talked about so callously. It would have been nice to hear Samueli's perspective on the ins and outs of IP.
Without defensible IP, both the entrepreneurs and investors are looking to sell their interests while the hype is strong and leave someone else holding the bag. The dotcom bubble, followed by many poor VC returns, followed by the IPO drought, followed by the global economic crisis; we are not likely to see the market respond to hype or the venture gurus anytime soon. Therefore an understanding of what makes IP viable has become even more critical in today's economic climate.
Posted by: Matthew Artero | December 13, 2009 5:50 PM
What a great podcast. I truly enjoyed it. Broadcom is one of the technology companies I most admire in Orange County. It is so great to hear the story. Great content, Frank!
Posted by: Andrew Bermudez | December 27, 2009 10:07 PM