Category Archives: Entrepreneurship @ Booth

NVC Series: The Grand Opening

Why is everyone surveying his or her friends with exciting ideas?

Why does everyone with an entrepreneurial spark have dark eye circles lately?

What are they awaiting anxiously after those dark eye circles have faded?

What are they so excited about in the next few days?

How will investors grill them if they get in?

How will the ideas evolve into real businesses over time?

What is it like standing on the stage of the Finals?

It’s that exciting time again!

This year we decided to create a series of articles to share with you, in real time, what it is like to compete in the #1 university accelerator program across the nation – the Edward L. Kaplan, ’71, New Venture Challenge (NVC). The program has graduated more than 160 start-up companies still in operation today and created thousands of jobs for the economy. NVC companies have achieved more than $4 billion in mergers and exits, including Braintree, which acquired Venmo and was then later acquired by PayPal in 2013 for $800 million; Bump Technologies, which was acquired by Google in 2013; and GrubHub, which completed an IPO in April 2014.

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Booth VC Civil War – Energy Foundry VC Investment Competition

“Do you desire the fire of a business battle royale? A spectacular clash of Booth smarts, charismas, and egos? Come and see the struggle, the stakes, the glories of victory, and the agonies of defeat, the names of the winners, and the shame of the losers, and see our school’s champions of venture capital chosen to go and dominate every other school in the world!”

You  do not get an email like this everyday,  but when you do, the game is on! This is what happened a couple weeks ago when I participated at the  Energy Foundry Venture Capital Investment Competition (VCIC).

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Let Me Be Me

You don’t conform to Booth. It conforms to you.

At a recent Booth LIVE LPF, a prospective student asked me a question, “How did you know Booth was the right place for you?”

Three years ago I attended a student-hosted event in Boston, where I met some amazing second-year students. We had a great conversation, and when I mentioned that my background was in advertising, one of them offered to connect me to another second-year with a similar background. This Boothie chatted with me at length about my background, what I was trying to get out of the MBA, and how the Chicago Booth MBA fit in.

I thought, “If this is how nice they are before I’ve even been admitted, I wonder what it would be like when (okay fine, if) I am?”
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LoL – Not Only Short for Laugh out Loud

What is in your mind when someone mentions a business with more than 100 million monthly (27 million daily) active users? For me, social network and instant messaging seemed to be the only safe bets – it is the same size as Pinterest or LinkedIn according to Statista 2016 data. But let’s try harder and I will give you some hints – the average session length is around 40 minutes… in a row! Still no clue?

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Startup Spotlight: i4Spy

Last year, I took my startup, Eislee, through the Social New Venture Challenge (SNVC )– a track of the New Venture Challenge with a focus on launching social enterprises. With the 2016 SNVC under way, I wanted to spotlight one of the amazing teams in this year’s competition.

The following is a guest blog post by Lavinia Popinceanu, a second year Booth student and founder/CEO of i4Spy

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