yet2.com
| File:Yet2-logo.png | |
| Industry | Open innovation, Technology sales & Venture capital |
|---|---|
| Founder | 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 | Private |
| Website | www |
yet2.com is a global Open Innovation consulting company and technology marketplace founded in 1999.[1][2] The company is based around the idea of matching large companies with smaller companies, inventors, startups, and academic institutions, as well as allowing all types of technologies to be bought and sold via an online Marketplace. yet2.com has six product areas: Tactical Targeted Search, Strategic DealFlow Service, Out-licensing Technology Marketing & Business Development, Innovation Tours, Patent Transactions, and Submissions Portals.[3][4]
History
yet2.com was founded in 1999 by Ben duPont and Chris De Bleser. DuPont was attempting to sell a new technology that he had developed. Chris De Bleser was in a similar situation at Polaroid. Together the two started the company.[2] Originally intended to be an online marketplace only, yet2 changed strategies to provide more consulting services and offline project work. Since its founding the company has been provided services to Fortune 500 and Global 2000 companies include Boeing, Ford, Monsanto and NTT among others.[5][6][7] Notable recent clients include the U.S. Government, with yet2 acting as the sole provider for a 5-year Open Innovation for Technology Scouting contract with NASA's Center of Excellence for Collaborative Innovation[8]
Until 2016, yet2 also included yet2Ventures, a secondary investment firm run by DuPont and Phil Stern. In 2016, yet2Ventures became Chartline Capital Partners and effectively separated operations from yet2.com[9].
Funding
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][10]
See Also
References
- ^ "offers scientists and researchers the opportunity to unearth critical technologies. Here, we unearth yet2.com Inc". yet2.com. Retrieved 2010-11-08.
- ^ a b c Om Malik, 02.07.00, 2:25 PM ET (2000-02-07). "Technology's clearinghouse: Yet2.com". Forbes.com. Retrieved 2010-11-08.
{{cite news}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) - ^ "Products". yet2.com. Retrieved 2010-11-07.
- ^ "DuPont's Yet2 Raises $100 Million After Japan Tie-Up". BusinessWeek. 2010-09-27. Retrieved 2010-11-07.
- ^ "Yet2.com to provide technology trading site". Seattlepi.com. 1999-10-12. Retrieved 2010-11-08.
- ^ "yet2.com and ideaken.com Partnership Aims to place Asia onto the Innovation World Map". Sfgate.com. 2010-10-21. Retrieved 2010-11-08.
- ^ Reidy, Chris (2008-02-07). "Yet2.com's tech licenses on the upswing". February 7, 2008. The Boston Globe. Retrieved 8 November 2010.
- ^ "Open Innovation for Technology Scouting - Federal Business Opportunities: Opportunities". www.fbo.gov. Retrieved 2017-07-24.
- ^ "yet2Ventures". yet2Ventures. Retrieved 2017-07-24.
- ^ Aldrick, Philip (2001-02-12). "Yet2.com bucks trend with $20m funds". February 12, 2001. London: Telegraph Media Group Limited. Retrieved 8 November 2010.