As a student pursuing private equity at Booth, I could not imagine a better education and introduction to this hard-to-enter industry than the PE/VC lab class at Booth. The depth and detail in which we have explored every aspect of PE has been invaluable to my future career and how I think about investment opportunities. I sat down to discuss the growth of private equity at Chicago Booth with adjunct professor Chris McGowan, who is a 23-year PE industry veteran and also a faculty advisor and an Entrepreneur-in-Residence for the Polsky Center for Entrepreneurship and Innovation.
For one of my classes (my favorite class, actually), New Venture Strategy with Professor Jim Schrager, my final assignment is to write a “Make Me a Million” paper, where I interview an entrepreneur who has made his or her idea into a business with an estimated net worth of at least one million dollars. The objective is to gain a deep understanding of how this individual transformed the seed of a business idea into a successful enterprise. What was the inspiration? What were the challenges and setbacks? What were the risks and how did they determine whether those risks were worth taking?
I took advantage of our Executive-in-Residence (EIR) program here at Booth and reached out to Michael Alter, former CEO of The Tie Bar. Michael is also cofounder and former CEO of SurePayroll; as well as an adjunct professor of entrepreneurship here at Booth.
Joe Osnoss addresses a packed room of students gathered for Entrepreneurial Finance & Private Equity (EFPE) taught by Professor Steven Kaplan, one of Booth’s most coveted and ‘expensive’ (in terms of bid points, of course!) classes. Joe Osnoss is Managing Director at Silver Lake Partners, and is a leading voice in the Private Equity world – he discusses nuances in taxation with the same ease that he talks about negotiating with stakeholders across the deal table. What I like about the lecture is his ability to ‘zoom in’ – with incredible mastery over financial intricacies, and at the same time ‘zoom out’ – weaving several years of investing experience into his judgment.
This is one of the core aspects of the Chicago Booth Curriculum – it integrates deep academic research with speakers from industry who offer relevant and actionable insight on how to apply a theoretical framework in business.
Even if you have a remote interest in marketing at Booth, Jean-Pierre Dubé is your guy. In his roles as the Sigmund E. Edelstone Professor of Marketing, director of the Kilts Marketing Center, and the course scheduler for the Marketing department, Prof. Dubé is the primary gatekeeper of the breadth of marketing knowledge that reaches Booth students. He is also an appointed Faculty Research Fellow at the National Bureau of Economic Research, such that his research areas span both quantitative marketing and economics.
The energy from my team is exultant. They’ve just announced the winners for the 3rd Annual MBA Pitch Competition at SXSW Interactive – and we, Riviter, took first place! One of the judges, an Entrepreneur in Residence at the University of Texas, approaches and asks which business school we’re from. “Chicago Booth,” one of us replies. “Oh,” he says, grinning. “I should’ve guessed. That’s where all of the entrepreneurs I meet are from these days.”
That makes me proud – because, slight allowance for hyperbole aside, he’s right.
Way back in 2012, I came to Chicago for my admissions interview. My former coworker, Dave, was at Booth and launching a start-up. He knew I was interested in entrepreneurship, so the night before my interview he took me to SeedCon 2012, an annual conference hosted by the Entrepreneurship and Venture Capital Club. I arrived just in time to hear the opening keynote from the founder of Alinea, Continue reading A Reflection on the SXSW MBA Pitch Competition