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The Wayne Brown Institute was founded by the late Dr. Wayne Brown in 1983. Dr. Brown held positions in mechanical engineering and served as Dean of the College of Engineering at the University of Utah. In addition to his academic postings, he was a founder of Kenway Engineering (HK Systems), TerraTek, NPI (Agridyne Technologies), the Utah Innovation Center (the world’s first venture accelerator/incubator) and Utah Ventures (now Pelion Partners, Utah’s first and largest venture fund). By virtue of his academic, government, and business background, Dr. Brown was a leading authority in technological innovation and entrepreneurship. Many of the world’s science/research parks, innovation centers, and incubators have their roots with Dr. Brown. In addition to his many accomplishments, he has affected the role of government in innovation and entrepreneurship as the architect with Roland Tibbitts of the national Small Business Innovation Research (SBIR) program. Later, as head of the State’s Science Council he spearheaded legislation to create the Utah Technology Finance Corporation (UTFC, now Innoventures), and Utah’s Centers of Excellence program. He successfully negotiated with the U. S. government to obtain military land for the establishment of the University of Utah’s Research Park, and key in the establishment of the USU Research Park and Timpanogos technology Park in Orem (Novell campus). His knowledge, experience and passion live on in the Wayne Brown Institute, its staff, its investor-led Board, and its countless supporters.
3 08, 2015

Why VCs Don’t Sign NDAs and You Shouldn’t Worry About It

2017-05-23T11:36:47+00:00 August 3rd, 2015|

Many entrepreneurs are incredibly sensitive to sharing their billion dollar idea with anyone. The thought of sending a pitch deck to a venture firm, or even pitching their idea on stage is scary...what if someone steals the idea?! Venture capitalists obviously have the money to steal any idea, so why would you just hand them [...]

3 08, 2015

Startups: How to Do a Pre-Mortem (and Prevent a Post-Mortem)

2015-08-03T16:11:20+00:00 August 3rd, 2015|

Doctors conduct postmortems to figure why people died. They do this to solve a crime, prevent the death of others, and satisfy curiosity. However, once somebody dies, it’s too late to help him. Entrepreneurs and their investors also often analyze why a product, service, or company died—especially if it’s someone else’s company. And, as in [...]

30 07, 2015

RAISING CAPITAL FOR YOUR VENTURE?

2017-05-23T11:36:47+00:00 July 30th, 2015|

Not Sure Where To Start Looking For Funding?  Let the Venture Funding Program Help You Decide! Applying to the Wayne Brown Institute's Venture Funding Program is the 1st step in building key relationships that have the potential to connect you to the capital your venture needs. This is done through the Institute's proprietary program called [...]

6 07, 2015

Exiting the Company

2016-07-21T12:58:10+00:00 July 6th, 2015|

Venture capitalists care a lot about the exit because they have investors as well, but they might not always care which way it occurs. Typically, exits can occur in two ways: mergers and acquisitions or IPOs (Initial Public Offerings). As an entrepreneur, make sure you have an idea of how you’d like to see an [...]

29 06, 2015

4 Utah Unicorns Make The List

2017-05-23T11:36:47+00:00 June 29th, 2015|

According to CB Insights, Utah has 4 Unicorns (private venture backed companies worth over $1billion). They are in order from largest to smallest: 1. Domo 2. Insidesales.com 3. Qualtrics 4. Plurasight Congratulations to these companies’ great teams and the investors who backed them.     ...READ THE ARTICLE

17 06, 2015

Venture Investing In Consumer And Retail: Why It’s Rare, And Why It’s About To Change

2017-05-23T11:36:47+00:00 June 17th, 2015|

Most investing markets are relatively efficient.  Early stage consumer and retail private equity markets are not. Consider this: The United States is the largest consumer goods market in the world – worth more than $400 billion. Consumer and retail accounts for roughly 20% of the US economy. The sector is going through a major disruption creating incredible [...]

17 06, 2015

Financial Budgeting: Your Operating Budget

2015-06-17T11:31:41+00:00 June 17th, 2015|

Developing a useful operating budget is extremely valuable, and extremely challenging. Learn the keys to building an operating budget and using it to track what is going well, and head off the things that aren’t. ...Go To The Video Originally posted on Entrepreneurship.org

8 06, 2015

Venture Investing In Consumer And Retail: Why It’s Rare, And Why It’s About To Change

2017-05-23T11:36:48+00:00 June 8th, 2015|

Most investing markets are relatively efficient.  Early stage consumer and retail private equity markets are not. Consider this: The United States is the largest consumer goods market in the world – worth more than $400 billion. Consumer and retail accounts for roughly 20% of the US economy. The sector is going through a major disruption creating incredible [...]