Examples of academic/industrial collaborations will be provided, and two successful projects will be described. One involves the continued development of software for the analysis of transient nuclear magnetic resonance (NMR) data. This project, a collaboration with Procter and Gamble, led to the development of a matrix pencil transient data analysis procedure, that in most cases is superior to an inverse Laplace transform. The second uses relaxometry during extremely fast flow to characterize the extraction performance of a cavitation-based bioreactor. This work, a collaboration with Norse Biotech, uses portable NMR to determine when protein extraction from biomass in cavitating flow is complete. Effort will be made in both cases to clearly describe the history of each collaboration including how the work started and where the work is going. To be fair, a few examples of lawyer mediated failed collaborations will also be mentioned.