Yet2.com

yet2.com

Industry	Open innovation, Technology sales & Venture capital
Founded	1999; 26 years ago (1999)
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

yet2.com is a global open innovation consulting company and technology marketplace founded in February 1999.[1][2][3] 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 on an online marketplace.[4][5] Shortly after the company's founding in 1999, it became the largest global market for patents.[6]

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.[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 provided services to Fortune 500 and Global 2000 companies including Boeing, Ford, Monsanto and NTT among others.[7][8][9]

Until 2016, yet2 also included yet2Ventures, a secondary investment firm run by DuPont and Phil Stern. Later that year, yet2Ventures became Chartline Capital Partners and effectively separated operations from yet2.com.[10]

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][11]

See also

• Technology Scouting
• Open Innovation

References

1. "offers scientists and researchers the opportunity to unearth critical technologies. Here, we unearth yet2.com Inc". yet2.com. Retrieved 2010-11-08.
2. Om Malik (2000-02-07). "Technology's clearinghouse: Yet2.com". Forbes.com. Retrieved 2010-11-08.
3. Shaw, M.J. (2006). E-Business Management: Integration of Web Technologies with Business Models. Integrated Series in Information Systems. Springer US. p. 119. ISBN 978-0-306-47548-1. Retrieved July 28, 2017.
4. Dodgson, M.; Gann, D.; Salter, A.J. (2005). Think, Play, Do: Technology, Innovation, and Organization. Oxford University Press. p. 50. ISBN 978-0-19-926808-5. Retrieved 2017-07-28.
5. Weber, L. (2011). Everywhere: Comprehensive Digital Business Strategy for the Social Media Era. Wiley. p. 172. ISBN 978-1-118-01629-9. Retrieved July 28, 2017.
6. Renzl, B.; Matzler, K.; Hinterhuber, H. (2005). The Future of Knowledge Management. Palgrave Macmillan UK. p. 150. ISBN 978-0-230-37189-7. Retrieved July 28, 2017.
7. "Yet2.com to provide technology trading site". Seattlepi.com. 1999-10-12. Retrieved 2010-11-08.
8. "yet2.com and ideaken.com Partnership Aims to place Asia onto the Innovation World Map". Sfgate.com. 2010-10-21. Retrieved 2010-11-08.
9. Reidy, Chris (2008-02-07). "Yet2.com's tech licenses on the upswing". February 7, 2008. The Boston Globe. Retrieved 8 November 2010.
10. "yet2Ventures". yet2Ventures. Retrieved 2017-07-24.
11. Aldrick, Philip (2001-02-12). "Yet2.com bucks trend with $20m funds". February 12, 2001. London: Telegraph Media Group Limited. Retrieved 8 November 2010.

Further reading

• Quan, Margaret (February 22, 1999). "Yet2.com chases online technology exchange". EE Times. Retrieved July 28, 2017.
• "DuPont's Yet2 Raises $100 Million After Japan Tie-Up". BusinessWeek. 2010-09-27. Archived from the original on 2011-01-16. Retrieved 2010-11-07. (Source preview link).

External links

• Official website
• Yet2.com at NASA