Thanks for all that info. You made a good point about having something that is marketable before wanting to start a company. I have actually done just that. I have been demoing my research through marketable applications from the start. On application is actually directly helpful to a product that the school is developing. So they license it to me, and I sell it back to them (kinda funny)?

To tell you the truth, my only problem is with the university wanting a huge stake, and leaving me and my fellow partners with very little for our hard work.

Thanks for the help I appreciate.