yet2.com

yet2.com
Industry Open Innovation, Technology sales & Venture Capital
Founder(s) Ben duPont , Chris De Bleser & Phil Stern
Number of locations Boston, Liverpool, Tokyo and Wilmington, Delaware
Key people Ben duPont, Phil Stern, Tim Bernstein
Owner(s) Private
Website http://www.yet2.com

yet2.com is a global technology marketplace founded in 1999.[1][2] The company is based around the idea of open innovation, and allows all types of technologies to be bought and sold. yet2.com focuses in four areas: Open Innovation Technology acquisition, Technology out-licensing and business development, Patent buying and selling, and Venture Capital (yet2 Ventures).[3][4]

History

yet2.com was founded in 1999 by Ben duPont and Chris De Bleser. DuPont was trying to sell a new technology that he had developed and found “no easy way to do it.” Chris De Bleser was in a similar situation at Polaroid. Together the two started the company out of “pure frustration with the existing processes” duPont said.[2] The company was founded with original investments from Venrock Capital, Procter & Gamble, DuPont, Honeywell, Caterpillar, NTT Leasing, Bayer and Siemens raising over $24 million.[2][5] Since its founding the company has been provided services to Fortune 500 and Global 2000 companies include Boeing, Ford, Monsanto and NTT among others.[6][7][8]

Product divisions

Open Innovation Technology Acquisition

yet2.com offers clients a strategic technology acquisition program. The company actively searches the world on behalf of clients for new technology and assists in deal facilitation.

Technology out-licensing and business development

yet2.com helps to facilitate the transaction of technology assets, developing new revenue for firms.

Patent buying and selling

yet2.com offer services to buy and sell firm’s patents.

yet2 Ventures

References

  1. ^ "offers scientists and researchers the opportunity to unearth critical technologies. Here, we unearth yet2.com Inc". yet2.com. http://www.yet2.com/app/about/about/aboutus. Retrieved 2010-11-08. 
  2. ^ a b c Om Malik, 02.07.00, 2:25 PM ET (2000-02-07). "Technology's clearinghouse: Yet2.com". Forbes.com. http://www.forbes.com/2000/02/07/mu3.html. Retrieved 2010-11-08. 
  3. ^ "Products". yet2.com. http://www.yet2.com/app/about/about/products. Retrieved 2010-11-07. 
  4. ^ Post a Job (2010-09-27). "DuPont’s Yet2 Raises $100 Million After Japan Tie-Up". BusinessWeek. http://www.businessweek.com/news/2010-09-27/dupont-s-yet2-raises-100-million-after-japan-tie-up.html. Retrieved 2010-11-07. 
  5. ^ Aldrick, Philip (2001-02-12). "Yet2.com bucks trend with $20m funds". February 12, 2001 (London: Telegraph Media Group Limited). http://www.telegraph.co.uk/finance/4481660/Yet2.com-bucks-trend-with-20m-funds.html. Retrieved 8 November 2010. 
  6. ^ "Yet2.com to provide technology trading site". Seattlepi.com. 1999-10-12. http://www.seattlepi.com/business/yet12.shtml. Retrieved 2010-11-08. 
  7. ^ "yet2.com and ideaken.com Partnership Aims to place Asia onto the Innovation World Map". Sfgate.com. 2010-10-21. http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/10/21/prwebprweb4673064.DTL. Retrieved 2010-11-08. 
  8. ^ Reidy, Chris (2008-02-07). "Yet2.com's tech licenses on the upswing". February 7, 2008 (The Boston Globe). http://www.boston.com/business/ticker/2008/02/yet2coms_tech_l.html. Retrieved 8 November 2010.