We stress BOTH faculty and alums. UIUC has literally dozens of former students and faculty give many times the value of any royalties. The university cannot do anywhere near the job in developing IP as a small private concern. Our expenses should be greatly reduced, and our negative influence would disappear. Both university and faculty greedily seeking the maximum fraction of nothing is rather pointless.
Inventors know that they have to trade ownership for increased likelihood of success.
We should leave venture capital and tech transfer to professionals, and get back to our fundamental business. While we have the greatest respect for our colleagues who deal with IP for the university, the truly skillful in this area are not making university salaries, and subject to second guessing by numerous administrators. We do best at teaching and research. The school's idea seems to be that it wants to get the goose to lay more golden eggs by feeding it less. We feel that to the extent there is a problem with patents at USC it is on the distribution side and not on the production side.