Absolutely.
I think you have to go to the first principle. What is the general unit to successfully commercialize IP?
We've spent a lot of the discussion today on universities. I think they are extremely good generators of ideas that become intellectual property, but to see commercial success, as in a lot of the examples that have been given here, the basic unit is a company. I worry that our system doesn't incentivize researchers to actually create companies.
We gave the example of Stanford previously. There are streams for researchers to take without having to leave the academic institution, with opportunities to create companies. That's how you get virtuous feedback loops over a span of 40 years.
You can see along the way these structural points I am making. They are hyper-technical, but they are obvious at the same time. There are disincentives today at universities to commercializing IP. If you step away from your research bench, you can lose your research grant or your opportunity to get tenure. There are structural barriers in the academic systems.
I mentioned taxes on the growth of a company, but I think we can go even further upstream to see why folks choose not to even try to commercialize their IP when we have so much IP just sitting out there being gobbled up by foreign entities or just sitting on shelves because people don't know about it, as with like companies like mine.