Hello All,
I would appreciate very frank advice on what I should do with my start up, Anaphoric Systems
(http://www.anaphoric.com).
The whole effort started as a research project several years ago, but when I was informed that I actually owned the system, I entered a business plan competition and then started to execute on the plan.
The problem is that I have been wearing two hats: 'researcher/educator' and 'entrepreneur'. This has led to conflicts of interest as well as diluted effectiveness. So basically I need to decide if I am going to 1.) quit my tenured position, move to a start-up hub, find a partner, get-funding, etc. or 2.) open source the whole project and treat it as a research project. (It's 18k lines of LISP). I suppose in case 2 I could always do something commercial if the system was of high impact.
I am leaning toward option 2, but I thought I should run my plan by the YC community first.
Regards,
Michael Minock
(http://www.cs.umu.se/~mjm)
To answer your question: If I were in your position, I'd try to work an option 1.5 -- see if you can take an unpaid leave of absence for 4 months and spend that time working on your startup. Most universities are happy to let their faculty do this sort of thing, since they usually come back far more excited about their research than when they left.
Spend those 4 months working on your startup full-time, and plan on deciding at the start of the 4th month whether you're going to take your option 1 or your option 2. I don't think you can really make a rational decision without working on this full-time for at least a few months.
Re your startup: Have you considered putting it together with freebase? I don't know how structured your input databases need to be; but since freebase is basically wikipedia (EDIT: and apparently other data sources now, too) parsed and converted into a database, being able to run natural language queries against it could be very interesting...