The New York Times’s Dealbook blog
reported this week that an early-stage company that is developing nuclear power technology, TerraPower, just received a $35 million infusion of venture capital. TerraPower is a spinoff of Intellectual Ventures, the giant patent-holding company founded by Nathan Myhrvold.
While Myhrvold has consistently maintained since launching IV that his ultimate goal is to use IP rights to create spinoff companies, TerraPower is the only spinoff IV has ever been able to point to whose business involves more than the looming threat of patent enforcement ( breathless coverage by Malcolm Gladwell notwithstanding).
