Michael Friedman : Courses and Seminars
Intellectual Property-based Finance and Investment
Developed economies once resembled a stable three-legged stool -- manufacturing, services and invention. Today, only Intellectual Property (“IP”) and the value it generates remains to support the standard of wealth developed nations have come to enjoy. IP now dwarfs all assets in value-at-risk with intangible assets accounting for over 75 percent of a company’s market capitalization. The seminar will focus on two general topic areas related to IP. First, the class will examine the multiple markets for IP which exist. Second, the class will focus on IP-based asset management and investment banking practices in an attempt to illustrate how economic value can be extracted from IP as an asset class. The grade is based on a final written paper and will be adjusted to reflect class participation.