http://glassdoor.com/slink.htm?key=vITbc—30+ days ago
We believe that ideas are valuable. We’re here to ensure a market for invention continues to thrive.
IV isn’t shy about taking risks; we’re innovators. We’ve built the invention capital market from scratch and we continue to lead by example. We tackle business, problem solving, and invention head on, and we have the acumen and expertise to pull it off. Our cross-disciplinary approach affords us the opportunity to work with leading inventors and pioneering companies to find creative solutions. And above all else, we have a passion for invention that drives us forward.
Founded in 2000, Intellectual Ventures is a privately-held invention capital company. We are building a market for invention by making invention a profitable activity. With more than $6 billion committed capital and more than 40,000 IP assets in active monetization programs, we own one of the world’s largest and fastest-growing intellectual property portfolios, which we license to the world’s most innovative companies. Investors include a mix of Fortune 500 companies, individuals and institutions.
We invent and collaborate with world-renowned experts, including Nobel Prize contenders. Scientists and engineers at our IV Lab facility invent technology-based solutions to some of the world’s most pressing problems.
We acquire inventions from individual inventors, companies of all sizes, brokers and sellers, and then compile the patents into industry-focused portfolios.
We source inventions from a global network of inventors and assist with developing, patenting and monetizing those inventions. We partner with universities, government institutions and research labs to incentivize the process of invention.
We engage with companies of all sizes to minimize their Invention Gap™ exposure—the difference between the invention rights they have and the invention rights they need—and we act as a strategic partner for present and future intellectual property needs.
As a company of innovators, it’s no surprise our culture is as unique as our employees. We’re guided by our values, and encouraged to innovate change at all levels. We’re proud of our courageous and daring environment where being right can mean proving your assumptions were wrong. Above all, our culture fosters collaboration that benefits our investors, partners, and customers.
We believe it’s important to give back to the communities in which we live and work, whether through sponsorships that support science and technology or through volunteering with causes of personal importance to our employees.
Leadership & Learning
Leadership takes vision, courage, and agility. Our leaders transform challenges into opportunities and are not afraid to forge a new path or create a new market. In fact, our leaders embrace their roles in a pioneering company. We are a company that’s building a bridge between the Age of Information and the Age of Innovation.
At IV, our employees are empowered to be creative, suggest new ideas, and grow as leaders within and outside the IP community.
Our success isn’t a fluke or happenstance. Our success stems from our passion for ensuring ideas are valued, integrity with investors and clients, patience in finding the desired outcome, knowledge of the IP industry, inventiveness with how we approach the world’s problems, and a pioneering spirit as we continue to influence an invention economy.
These are our core values and it is through these values that we will continue to be the leader in the business of invention.
We are passionate about our company being the leader in the business of invention. We believe that ideas have value and should be valued in the marketplace. It is this passion that drives us forward.
We deal straight and live up to our end of a bargain; treating each other and our partners with mutual respect. We will maintain our position as the leaders in the business of invention through our integrity.
We recognize that it will take time to fulfill our mission. The inventions we work on are bold and long reach. And the business of invention continues to evolve. We create an environment where our people can balance the need for speed with the long term approach to reach our goals.
The best and brightest minds work on our inventions and our business by staying focused on our core mission and thinking critically about the best path to get there. We invest in the knowledge and development of our people to ensure we remain up to date and relevant to our work.
To be the leader in the business of invention, we have to be inventive because this is a new market. Our employees are extremely inventive, and we use our inventiveness to work on selected world problems and to achieving our business objectives.
Our people possess the spirit of pioneers, covering new ground on many levels. Our business model is novel. Our inventions are novel. We are determined to succeed, yet recognize we’ll make mistakes along the way. We learn from those mistakes and push forward on our mission of being the leader in the business of invention.
Intellectual Ventures offers a diverse array of benefits to our employees so you can choose the options that best meet the needs of you and your family. While some of our benefit offerings vary depending on the country in which you work, here is an overview of the core benefits we have available today. And if you join IV, you won’t have to wait long to participate. You are eligible for most benefits on day one.
Innovation takes courage and the desire to think differently. With a dynamic business model and operations in 10 countries, the opportunity to make an impact at IV is limitless. Find your fit and learn more about the unique work we do in each of our funds and functional groups.
The Corporate Communications team develops the tools we need to tell our story effectively. They support internal and external communications for the entire company.
The Finance organization manages all of IV’s financial activities. They are an important strategic partner to all parts of the business. They have the challenging task of managing a detail-oriented discipline inside an innovative, rapidly changing company.
The Global Licensing (GL) team monetizes IV’s patent portfolio to generate revenue and create a return for IV’s investors. They work as a team to engage technology companies worldwide in a value-driven licensing conversation.
Human Resources is responsible for recruiting the most talented people, helping them develop new skills and supporting them throughout their careers.
The Invention Development Fund (IDF) partners with inventors around the world to identify areas of innovation that are commercially and socially important. They encourage inventors to generate new ideas and help evaluate and turn those ideas into commercially valuable patents. Then they market and license those patents to businesses and other organizations worldwide.
The Invention Investment Fund (IIF) team includes business development executives, licensing professionals, analysts, patent attorneys, as well as an array of engineers and scientists. They are developing the know-how to predict and understand future technology trends, and the expertise to evaluate an invention's full market potential and value. IV is interested in building compelling portfolios of valuable inventions across a broad range of technology areas including software, consumer electronics, wireless, networking, medical devices, energy and semiconductors.
The Invention Science Fund (ISF) is funded to prepare, prosecute, and license patents from our in-house inventing. They accomplish this by strategically researching the needs in many areas to develop and expand our patent portfolio. ISF is comprised of patent prosecutors, paralegals, program managers, inventors, and a growing business development group.
Intellectual Ventures Laboratory
Intellectual Ventures Laboratory conducts advanced research on some of IV’s most promising ideas to demonstrate an invention’s feasibility and potential for commercial or humanitarian use.
The Legal team provides legal support to diverse business groups across all of IV.
The Office of the Chief Technology Officer (OCTO) is developing a number of long-range programs that will expand IV’s ability to leverage its talent, assets and capabilities. Each program is a new business model that creates ways to sell intellectual property licenses at volume for all of IV’s funds. The programs are designed to build on the successes of our current model with a five- to ten-year timeframe for implementation.
Systems and Technology Group
The Systems and Technology Group (STG) operates as IV's internal technology partner, enabling the business to quickly and sustainably anticipate, analyze, and respond to market opportunities and challenges.
We believe that collaboration is key to our continual development as individuals and as an industry-leading business. We seek out employees with diverse professional backgrounds and experiences—from lab scientists and lawyers to finance professionals and technology gurus—to work alongside each other and feed our inventive nature.
Our company values—passion, integrity, patience, knowledge, inventiveness and pioneering spirit—are never more apparent than when you meet our employees.
I have been working at Intellectual Ventures full-time (More than 5 years)
I feel that the finance department has clear goals. We are given the necessary resources and freedom to work toward those goals. We are a very collaborative group who willingly solve problems together. Our executive leadership is transparent to the extent they are able regarding expectations, performance, achievements, failures and future aspirations. We are always looking at long term solutions that all groups can integrate with. We are a dynamic business with complex business practices. This keeps things interesting and exciting, especially when a finance job typically becomes stale and boring. IV compensates fairly, work / life balance is appropriate and benefits are competitive.
People outside of IV seem to form opinions of our business model quickly. I remind those that we are in the business of world changing innovation. If we do not protect our inventors ideas, then we are at risk of losing some of the most brilliant, innovative people in the world.
Advice to Management
You have a lot of talented, intelligent and seasoned employees who operate effectively in a complex organization. I believe the finance department operates very lean and extremely efficient. Maybe consider an award system to better align with the long term view of the business model. This could eliminate the risk of losing high performers during the periods where the pendulum is swinging the wrong way.
I applied through an employee referral. I interviewed at Intellectual Ventures (Bellevue, WA).
The interview process was very difficult. I was interviewed for about 5 hours straight between 12 different people. It was back to back interviews with the whole team I would be working with.
I was a new graduate and did not negotiate.