Last year, when we found out that WillowFlare was lucky enough to be one of the 10 teams moving on to the finals of the NVC, we were both super excited and nervous. Only after going through the presentations with other teams, did we realize how competitive the NVC is and how great the ideas are. Don’t forget, we could only see one section – half of the 30 teams in the competition – and the only thing we know about the other half is they are as good if not better. We were excited because it was such a journey for us to go from an idea to nearly a real business within three months. The momentum that NVC can provide to the team and the resources from the Polsky Center are just unparalleled. In the meantime, we were also nervous because we wanted to put on the best show, representing ourselves and our classmates. At the end of the day, after being grilled by the same sets of investors again and again, we made many good friends from the same trench. We felt that we were carrying more weight and we wanted to make sure we were not wasting a precious spot. Now, 11 teams may share the same feeling as the finalists for this year.
Make sure to stay tuned on the big day, which will take place on Thursday, June 1 at the Harper Center beginning at 8:30 a.m. CT. We will provide a live link and a Twitter takeover!
I hope after reading the list below, you are as excited as I am…
Continue reading NVC Series: The Finalists are Here
What do you do when you have a chance to present to people who can be connections for you and help you with your goals?
That is what the New Venture Challenge class experience teaches participants in the ten weeks they spend as part of the course As the New Venture Challenge (NVC) enters its final round this week, the businesses that have gone through it have evolved and so have the entrepreneurs and their teams. Those selected for NVC have to take the class, which includes two rounds of pitching to potential investors. I sat in one of the pitching sessions and it was a wonderful learning experience even though I wasn’t trying to get any idea sold.
Continue reading Perfecting the Ask – An NVC classroom experience
Here at Booth, an interesting and special story is never a scarcity, especially after summer internships. But when I talked to Jesse Taylor, the founder of Verdant Financial Services and a good friend from the trenches of Commercializing Innovation, I was still very shocked by how special his summer internship was in an industry I had only heard about from news and movies—cannabis. This story is also a little bit special as it is about an entrepreneur who hustled into NVC when his proposal was originally denied—the only one of its kind. I have no doubt that his persistence and perseverance will be helpful moving the business forward in this new industry. Here’s Jesse’s story…
Continue reading NVC Series – Company Profile: Verdant Financial Services
Even in today’s world, start-ups that are for women, by women are surprisingly rare. So when I heard about 4Women, which is competing in this year’s NVC, I had to learn more. Co-founded by my friend Arshiya Fazal, this start-up is going to take on the big world of healthcare and its taboos.
What’s more they’re a true Booth love-story! The co-founders found each other on-campus in their first year, drawn together by their passion for healthcare. They’ve also worked together as co-chairs for Booth’s HealthCare Group.
Here’s their story, and as you can tell, they’re excited and full of passion for their work. Read on to find out more about these inspiring women and their work.
When fellow classmate Jamie Rubinstein mentioned their nail salon business to me for the first time, I immediately related back to the painful three-hour wait when my wife would do her nails. I am always amazed by how great pain points like these are being discovered by the ladies in NVC. Last year, we had a similar team in our section who wanted to develop a quick and easy shaving product for women. Without these teams, there is ABSOLUTELY no way I could possibly get to know such problems as a man. So I am always grateful for the different perspectives brought by these talented, female entrepreneurs. Most importantly, it is not just about nails. Let’s hear about it…
Continue reading NVC Series – Company Profile: ezza