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He is also trying to change the perception of spin-outs, which are more commonly associated with university boffins trying to commercialise blue-sky research.
It's no coincidence that all the companies in this story hone their innovation skills by making time for blue-sky inventing.
The startups being acquired now have real technology to offer - and buyers have real needs, not just blue-sky visions.
The company spent millions on blue-sky projects which had very little chance of being commercialised, leaving it with a shortage of cash when its lead product was hit by a two-year delay.
We've seen through their blue-sky jargon, bullet-point presentations and efforts to squander public money on flights of fancy.
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