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TRANSCRIPT
First Some Good News…
Entrepreneurship promoted by several groups
InNUvationPEEK
Levy Institute
Audience Northwestern-wide:Kellogg, Law, Med, Engineering, etc.
Kellogg Kellogg
Areas of focus: • Bootstrapped companies• VC-backed ventures• Tech. commercialization &
University spinouts• Other
• Bootstrapped companies• VC-backed ventures• Search funds & management
buyouts• Corporate
“entrepreneurship”
• All
Activities • NU Venture Challenge business idea competition
• Applied Research Day• Speakers• Workshops• Networking Events
• Entrepreneurship Speaker Series
• MBA Business Plan Competitions
• Entrepreneurship Trek
• Entrepreneurship & Innovation Major
• Kellogg Cup
Why have two student clubs for entrepreneurship?
Entrepreneurship Venture Capital Private Equity
Kellogg
Law
McCormick
Feinberg
Medill
Weinberg
Undergrad
• Both clubs serve broader audiences – only overlap is with entrepreneurship at Kellogg’
• Students are encouraged to join both clubs
Kellogg Kick-off Meeting
InNUvation Overview
• Mission: To kindle the entrepreneurial spirit by providing opportunities for education and idea exchange, thus fostering commercialization, innovation, and new venture formulation.
• 8 chapters university-wide– Feinberg – Kellogg – Law– McCormick (Graduate and Undergraduate chapters)– Medill – Weinberg (Graduate and Undergraduate chapters)– Undergrad
6Kick-Off Meeting
2006-07 Year in Review
Kick-Off Meeting 7
Membership • Leadership team has grown from 8 to 26 officers• Reached 1,100 members• Established 3 new chapters (Law, Feinberg, Medill)
• Currently have 8 chapters
Curriculum • Launched NUvention
Events • 6 Speakers• Applied Research Day• NU Venture Challenge
Partnerships • NanoAlliance, Undergraduate NUCorp, Kellogg PEEK, CEI, Small Business Opportunity Center, U. Chicago, TiE, CEC
InNUvation has established itself as a nexus for interdisciplinary innovation at Northwestern
2007-2008 InNUvation Events
8Kick-Off Meeting
• Speakers Paul Sagan – CEO of Akamai
Mary Lou Song – 1st Employee at eBay
• Workshops (1 in Chicago) Abstract writing and elevator pitch
Marketing
Finance
Intellectual Property
Investors
• Applied Research Day
• Feinberg Event (Chicago)
• Law Event (Chicago)
• Socials and Mixers
• Mentoring and Office Hours
2008 NU Venture Challenge
• University-wide idea competition
• Three round competition•Abstract submission
•Elevator pitch
•Final presentation
• Judged by entrepreneurs, venture capitalists and angel investors
• Last year, 60 teams and 200+ students representing all schools at Northwestern competed for $27,000 in prizes
2007 NU Venture Challenge
9Kick-Off Meeting
2007 Applied Research Day
10Kick-Off Meeting
Why get involved?
Kick-Off Meeting 11
Learn Meet
Enjoy
InNUvation
Diverse ideas Broad network
Building companies
Opportunities for Involvement
• Join the listserv to receive communications about upcoming events
• Participate in Applied Research Day
• Participate in the NU Venture Challenge
• Apply for an Evanston leadership position– Applications due by Friday October 12th
– Visit our website for the application and a list of open positions (www.innuvation.org)
• Contact Matt Krutky if interested in becoming a Chicago Campus Leader– [email protected]
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Leadership Opportunities
• To apply, go to www.innuvation.org and complete the leadership position application form• E-mail the completed application to [email protected]• Application deadline - Friday October 12th
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• NUVC Logistics
• NUVC Judges
• NUVC Mentorship
• NUVC Communication
• External/PR Marketing
• Medill Chapter President
• Speakers Director
• Social Director
• Corporate Relations
• Alumni Relations
• Co-Internal Marketing Chair
• Graphics Designer
Key Dates
• October 8th – NUVC Kick-Off, Paul Sagan (CEO of Akamai) and Mary Lou Song (1st employee at eBay)
• October 12th – Applications for leadership positions due
• Mid-November – Applied Research Day
• February 22nd 2008 – NUVC abstract submission
• Early-April 2008 – NUVC semi-finals
• Early-May 2008 – NUVC finals
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Contact
• www.innuvation.org
• Tejash Unadkat, Kellogg Chapter President ([email protected])
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Entrepreneurship Kickoff
October 2007
Overview of PEEK Organization Goal:
Educating members about private equity and entrepreneurship, strengthening relationships with alumni, and facilitating career
and networking opportunities
Who should participate in PEEK events?
All students interested in pursuing a role in private equity or entrepreneurship, whether directly after graduating from Kellogg or later in their careers
Students pursuing careers in industries in which they would be working with entrepreneurs or private equity professionals, such as investment banking, consulting or general management
What is Private Equity? General Definition:
Equity capital invested in private companies
Who is investing?
Private equity firms invest capital on behalf of their limited partners
For simplicity purposes, we divide private equity firms into two general categories:
Venture Capital: Firms making investments in companies in their early stage of operation
Buyout: Firms making investments in companies in their later stages of operation. These firms usually recapitalize acquired company with some level of debt after transaction.
Club Organization PEEK events will be targeted/marketed to one of three interests:
Buyouts
Venture Capital
Entrepreneurship
Why does PEEK cover all three?
Line is blurry between Buyout and Venture Capital investing. Students can learn investing principals in one area that might apply to other; having a club that oversees both encourages such insight
Individuals working in Buyouts and Venture Capital will often work closely with entrepreneurs, and vice versa. Having a club that oversees all three areas provides greater opportunity for interaction during business school
Students can, and are encouraged to, attend any PEEK event
Leadership
Andy PhippsCo-Chair
John ThorpeCo-Chair
Mike TeplitskyDirector, Buyouts
Anand BabuDirector,
Entrepreneurship
Jeanette CajideDirector, Careers
Savinay BerryDirector,
Venture Capital
Laura LesterDirector, 1Ys
Faculty Advisors
Professor Rogers Professor Stowell Professor Petersen Professor Sutter
Scott Whitaker Professor Merkin Professor Collins Professor Hochberg
•Get Inspired: Listen to speakers/panels that have been through it AND that you can relate to
•Get Networked: Meet classmates, alumni, others that share your interests
•Get Ready: Participate in business plan competitions, explore “platform” jobs
CareerLeader says you should be an entrepreneur… what now?
Entrepreneurship Events
Entrepreneurship Speaker Series: Range of entrepreneurs and investors come to Kellogg to speak
Search Fund Panel: Kellogg alums with search fund backing speak at Kellogg
Other possible panels: Bootstrap stories Working at a VC-backed
company Working at a company
post LBO/MBO
Get Inspired Get Networked Get Ready PEEK Social Events
Participate in Kellogg Alumni Entrepreneur Conference
Silicon Valley Entrepreneurship Trek: Opportunity to meet start-up firms, and their investors, in Silicon Valley
Corporate Entrepreneurship Panel
Other PEEK Events
KPEC: Quarter-long projects for venture capital and
buyout firms and start-up companies. Applications due each quarter Students matched with interested parties Great opportunity for students to get
additional, real-world experience while in school
Resume Review and Mock Interviews: First-years receive counseling from second-years
NFTE: Kellogg students provide mentorship to young entrepreneurs. Information session Thursday 11th Oct, 12.15pm, G36
Socials: Opportunity for students interested in PEEK-
related careers to meet in informal social situations
At least one per quarter
Venture Capital Bootcamp: General introduction to VC industry
Chicago Trek Day: Opportunity for students to meet firms in Chicago
Venture Capital Case Competition: Educational event. Preparation for national, intra-business school case competitions.
Silicon Valley Venture Capital Trek: Opportunity for students to meet firms in Silicon Valley
General VC-specific
Get Involved PEEK encourages you to do the following:
Sign up for listserv: Best means for keeping up-to-date on all PEEK events
Attend events: As mentioned throughout presentation, all Kellogg students are encouraged to attend all PEEK events.
Volunteer at events: PEEK events are organized and staffed entirely by students. There is plenty of capacity for interested students!
Apply to be member of PEEK leadership team: Applications have been distributed through listserv. Deadline for submitting applications is Friday, October 5th
Office hours this week in the atrium
Leadership Opportunities
PEEKLevy Institute
Potential Applicants
Northwestern-wide:Kellogg, Law, Med, Engineering, etc.
Kellogg only Kellogg only and focused on 2nd year students
Positions • NUVC Logistics• NUVC Judges• NUVC Mentorship• NUVC Communication• External/PR Marketing• Speakers Director• Social Director• Corporate Relations• Alumni Relations• Co-Internal Marketing Chair • Graphics Designer
• Entrepreneurship (4)• Speakers• Entrepreneurship Trek• Business Plan Coordinator• Kellogg Cup
• Venture Capital (4)• Buyouts Team (4)• Careers (1)• Webmaster (1)• Oversight Team (2)
• Levy Associates (2)
Application Instructions
•Download application from www.inNUvation.org
•E-mail completed application to [email protected]
•Deadline – Friday October 12th
• Complete application form (emailed to PEEK listserv)
• E-mail completed application to [email protected]
• Deadline – Friday October 5th
• Send a letter of interest and resume to [email protected] between 8-12 October.Interviews held 16-19 October.
Upcoming PEEK Events PEEK Fall Social
Wednesday, October 3rd
8:00 pm Prairie Moon Limited food and drinks provided- come early!
Private Equity Bootcamp Series
General Introduction: Saturday, October 6th, 8:30 am
Buyouts Sessions: Saturday, October 6th, 11:00 am Saturday, October 13th, 8:30 am
Venture Capital Sessions: Wednesday, October 10th, 12:15 pm Wednesday October 17th, 8:30 am