This document summarizes a presentation about IP licensing for technology entrepreneurs. It discusses how licensing can help both companies that want to commercialize their technologies and startups. The presentation covers key elements of licensing agreements such as scope, consideration, ownership of derivative works, and valuation methods. It also provides a case study of a licensing deal between a wireless startup and a large company, highlighting issues addressed around market exclusivity, ownership of new IP, and royalty rates. The overall message is that licensing can be a good strategy but also has many complex considerations to evaluate.