Tag Archives: NVC

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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Startup Spotlight: TransparentMBA

In case you hadn’t noticed, Booth is abuzz with Entrepreneurship. Each Spring, the New Venture Challenge (NVC) kicks off, and the excitement is present all over Harper Center. NVC strategy sessions fill the Winter Garden, customer research interviews consume the conference rooms, and venture capitalists and famous entrepreneurs roam the halls to help with judging and coaching sessions.

The latest and greatest news is this awesome article on Poets & Quants on NVC semi-finalist TransparentMBA and its exponential growth in the last 4 months. We asked CEO Mitch Kirby to share more about what it’s been like starting up this awesome new company…

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A Reflection on the SXSW MBA Pitch Competition

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

Team ‘Maestro’ wins NVC 2015

Pushya is an incoming second year at Booth, majoring in Strategic Management and Entrepreneurship, curious about the startup scene in Chicago and originally from India. She is the People Editor and a writer for Chicago Business (ChiBus), Booth’s student-run newspaper, and a TBE guest blogger. Her following story appeared in a recent issue of ChiBus.

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For a pitch that went right before lunch, in a packed C25, which does not otherwise turn warm, Team Maestro was fervent in it’s purpose, confident of the focus on the young achiever market and extremely excited about the engineering marvel they brought to demo, all the while talking about good food.  Putting their product where the mouth is, Team Maestro defied Murphy’s Law and put on a live demonstration of their product- all the judges got a taste of what the Maestro machine can cook and Dean Kumar got a full portion, in no way detracting from the eventual outcome.

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