Ultimately Dearing has found that there are many different ways to succeed as a start-up investor.
Dearing frequently sees companies that have technically insightful products that are not commercially viable.
Dearing has found that these two kinds of financing produce very different investor behavior.
Whereas Dearing has found that if investors own equity, they will help out the company in a jam.
It raised a seed round from angel investors include Michael Dearing, about whom I wrote in May.
Former education secretary Lord Baker is chairman of the Baker Dearing Educational Trust which promotes the introduction of UTCs.
The moody riverscape by Van Dearing Perrine and the crystalline abstraction by Manierre Dawson are among the surprises here.
What makes Dearing happy is working with small start-up teams on projects that matter to the world, with people who are underdogs.
It was Lord Dearing's report on the future of higher education, published just after the last election, which opened the way to tuition fees.
Another interesting observation Dearing made was that the skills he developed by working with consumer Internet companies could help portfolio companies in other industries to thrive.
The revised AS-level, replacing the Advanced Supplementary exam, was one of the main recommendations arising from Lord Dearing's review of qualifications for 16 to 19 year olds.
The main effect would be to spread students' repayment of debt over an even longer period typically 20 years, rather than the ten years likely under the Dearing proposals.
Despite powerful opposition from its own backbenchers, the government swiftly adopted the recommendations of the Dearing committee, to make university students contribute towards the cost of their tuition fees.
But he said that after the next General Election there would be a political "debate" on the issue - alongside a new "Dearing" review, re-visiting the whole question of university funding.
EBay senior vice president Michael Dearing told CNN there was a strong symbiosis at play, with eBay giving companies like Auctiondrop a vast market place, while Auctiondrop brings more buyers to the eBay fold.
For example, Dearing mentioned that Heroku, a platform service for developers building and deploying apps in the cloud, benefited by applying strategies and tactics to the developer market that they had observed in the consumer software market.
So the Dearing committee has some justification in arguing that, even after the introduction of tuition fees, state spending on higher education should continue to grow in line with national income, and that this would be a wise investment.
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