Michael Waltrip is Senior Director, Intellectual Property Management and Commercialization, and leads PARC’s Intellectual Capital Management (ICM) group, which is responsible for the management of PARC’s Intellectual Property (IP) assets. In this role, Michael drives pure IP monetization for PARC and is a key player in the development of policies and strategy for IP development and commercialization. Michael applies his breadth of experience in venture fund formations, investments, due diligence and portfolio management, as well as complex commercial transactions, to a diverse set of activities ranging from early-stage portfolio assessment and development to the negotiation and structuring of transactions. On the transaction side, he has worked on a wide variety of engagements from large scale sponsored research with corporate sponsors to the spin-out of PARC technology into venture-backed start-ups such as SolFocus, Powerset, and Powercloud. Prior to joining PARC in 2005, Michael was counsel to the Acer Group's venture funds in the U.S., where he was responsible for all legal matters for U.S. investments, which included activities on both the investment and partnership sides of the business. Prior to his work in the venture capital industry, Michael worked within the Acer Group's legal department supporting Acer's U.S. and Latin America subsidiaries. He has a background in the software industry, and is a graduate of U.C. Berkeley and Hastings College of the Law.