Byte and Switch: What about Pulsar Ventures? You're a partner there, too, right?
Malavalli: Yes, that's right, but only in a small way. It takes up about 15 percent of my time, but it's something I am interested in. Pulsar is an incubator for nanotech and biotech companies. We take the technology developed in research labs and universities and turn this into a business plan. It takes a lot of due diligence, so we only invest in one or two a year with a small fund.
Byte and Switch: Have you had any success?
Malavalli: Our latest company is a project that came out of Penn State University
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