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The Verizon-MCI combination forms a company with $90 billion in annual revenue and about 250,000 employees in 150 countries.
It's a great story: A scientist makes a discovery and then forms a company to create a lifesaving product from it.
"If somebody goes out and forms a company and doesn't take patented intellectual property — only brings knowledge, know-how, that sort of thing — we wouldn't make any claims to it," said Lita Nelsen, director of the technology licensing office at the Massachusetts Institute of Technology.
"If a scientist quits [a research lab] and forms a company," Yeo says, that person "also hires a president, a general manager, a head of logistics".
When there are enough investors for a startup's IPO, Sprowtt forms a company with these investors, and then invests the chunk of money as an entity instead of as individual investments.
Then, instead of having each employee fill out a handful of forms, a company's employees can simply enroll online.
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He formed a company called Intellectual Ventures.
Fredkin formed a company to manufacture the machines as toys".
The next year he formed a company of his own.
Months later, he formed a company called Mizaplas.
They got a patent and formed a company, New Mountain Innovation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com