this is why i listed right to practice and patents seperatly.
most technology companies goal is to be bought out, not bring there own technology to market themselves. example: OLED display start up companies no longer exist. they did exist in the 1990s and 2000s. the successful ones were bought by SDC, sony, Mitsubishi, and the like, and there Processes and IP commercialized into the first generation of OLED phones, now moving into TVs.
none of these start ups existed to attempt to bring OLED phones or TVs to market. they existed only to generate processes and IP that were later bought by larger companies with the resources and commercialization pipelines to make products from. the start ups primary goal is to prove the technology out, generate the IP and then sell the whole lot on down the line.
the same ecosystem exists in medical start ups. here in the twin cities, we have st jude, boston, and medtronic. and literally thousands of startups. the startups use IP generated by the universities, and mayo clinic, and such, and take an idea and prove feasibility of that idea. and they might go as far as FDA approval and there own line of first gen devices, but mostly, the goal is to get bought by jude, boston, or medtronic for full commercialization. a medical device start up has neither the time, resources, or capability to commercialize there own products. they arnt really interested in doing it either as the founders are not really interested in that long term of an investment. venture capital isn't interested in 20+ year commercialization and product management timetables.
almost every type of technology commercialized for the last 30 years runs its course like this. if thats failure .... well, then first world living is failure.