Congratulations to our 2013 Business Plan competition winner: Bump Water.
Entrepreneur: Spencer Wilcox
BC MBA Students: Jared Hamilton, Robert Hayden, Alyssa Hill, Mary Lentowski, Alison Shaw, Brendan Syron
3rd year Law Student: Maria Korjenevitch
Mentor: Alice Cornish White
Picture reprinted below with permission by Mary Lentowski.
Here's an Op-Ed piece from the Boston Business Journal
on global commerce. "Think global, act local" is the objective, but sometimes things don't work out as planned...
Congratulations to entrepreneurs Ryan Traeger, Dr. Bob Radin, Spencer Wilcox, Greg McHale and Dr. Michael Naughton. Their concepts / MBA teams are advancing to the Finals on Friday at Boston College. The event begins at 2:00 pm in Fulton Hall, Room 511.
Overall, our 18 teams did an amazing job today and some Angels are already inquiring about investment opportunties.
Photos are below, reprinted courtesy of Kristen Baumann.
The IME Asia course is now enrolled and all lights are green re: our May/2014 trip. There are still 1-2 slots available if you'd like to join us. Many thanks to everyone who helped us market the Info Session and the experience. www.ime-asia.weebly.com
Here's a 10-minute segment
discussing the merits of the Flipped Classroom on Radio Entrepreneurs. Enjoy the Thanksgiving holiday.
Congratulations to our 18 teams of MBA students who turned in some stellar work on Friday for our Business Planning and Entrepreneurship course
. We've spent all weekend reading their Plans and writing comments, and their two competitions begin the first week of December (Elevator Pitch and Finals). Listen to this Radio Entrepreneurs link
to learn more.
Applications for Asia are due tomorrow.
1) 2014 Destinations are Vietnam, Hong Kong, South Korea, China
2) Course web site is here
and "like" us on Facebook by clicking here
3) Happy to send you an application via email, too.
Thank you to so many of you who emailed me asking for clarification. Here are the 2 course descriptions:
International Entrepreneurship (MD844.01), (3 credits)
Monday evenings, 7:00 - 9:30 pm
The process of launching a venture, or working for an early-stage company is exciting and also overwhelming. Operating that same business on an international level brings with it an added level of complexity, exhilaration and, at times, frustration. Over the course of the semester, we'll examine more than fifteen countries on five continents, and analyze operations at each stage of the entrepreneurial process. Some will end up becoming (or already are) public corporations, larger rivals will acquire others, and some will cease operations entirely. We'll discuss market entry, forming alliances, negotiations, managing growth and cross-border financing. Support from local governments, and the cultural, ethical, legal, and human resource issues facing the entrepreneur will also be touched upon. This is primarily a case study based course and each year I develop new content (i.e. cases and readings) exclusively for use in the class. Based on a successful pilot program several years ago, this class now features dual enrollment each year by students from BC's Law School. Their contributions to the discussion bring an interesting perspective and dynamic to the course. Class meets on Mondays, 7:00-9:30 p.m. on main campus (building and room TBA). The first class will be held on Monday, January 13, 2014.
Entrepreneurial Finance (MM804.01), (3 credits)
Tuesday evenings, 7:00 - 9:30 pm
Regardless of which career path you choose, a comprehensive understanding of finance is an essential ingredient in the "recipe" for business success. No longer can the assumptions underlying financial projections be treated as "black boxes." In many cases, the answer is less important than the analytical process used to calculate it. This course is designed for students who may at some point be interested in pursuing managerial careers in the entrepreneurial sector, and covers the development of financial and business skills to identify, evaluate, start and manage new ventures. This is primarily a case study based course and each year I develop new content (i.e. cases and readings) exclusively for use in the class. Based on a successful pilot program several years ago, this class now features dual enrollment each year by students from BC's Law School. Their contributions to the discussion bring an interesting perspective and dynamic to the course. Class meets on Tuesdays, 7:00-9:30 p.m. on main campus (building and room TBA). The first class will be held on Tuesday, January 14, 2014.
Cliché or not, he—or she—who has the money...usually gets to make the rules. Except...when things don’t go as planned. Venture Capital, Private Equity, Bank Loans, Credit Card Bootstrapping...as you acquire funding for your business, your obligations go up faster than your cash flow. If you don't keep up your end of the bargain, you won't be getting any sympathy, no matter what the excuse is.
Episode #8 (Investing and Cash Flow) is now on-the-air. The full 30-minute episode is here, featuring Don Nelson, Aaron Cai, Ben Littauer and Dan Weller. Click on their names below for the individual interview segments.
Continuous business improvement for start-ups, and established ventures: The Language of Business
Donald Nelson is a co-founder and Managing Director of Harken Capital. Previously, Don founded NelCap Advisers in 2007, and spent nearly a decade with SV Life Sciences. He initially served as an investment professional and CFO, and was then promoted to Head of Fundraising and Fund Strategy. Don was responsible for raising SV Life Sciences Funds III and IV, which constitute nearly $1.0 billion of the $1.6 billion of private capital under management by SV Life Sciences. His company's web site is here
. Aaron Cai
Aaron Cai is a seasoned professional with experience in technology and investment research, global value chain development, and process improvement and control. He has worked in Utilities, Electrical/Electronics products, and Investment Management industries and his goal is to combine operations and investment management experiences and his specialties are in Capital Goods, Fundamental Analysis, Global Sourcing, Process Improvement, Program Management; Research, analyze, identify and manage Global, Technological Investment Opportunities, Financial Statement Analysis and Modeling. His LinkedIn profile is here
Ben Littauer is an angel investor with expertise in Internet and communications technologies, as well as healthcare IT. Currently an active member of Boston Harbor Angels and Walnut Venture Associates with investments in a wide variety of startups, he sits on the boards of two portfolio companies. He is a mentor for Mass Challenge and The Capital Network, and is on the advisory board at TCN. Mr. Littauer is a judge for Mass Challenge, MITX Innovation Awards, and various academic competitions. Mr. Littauer was Technology Strategist for Beth Israel Deaconess Medical Center in Boston, where he defined the architecture for PatientSite, allowing patients to communicate securely with their healthcare team and view their own medical records. He was a consultant to the Massachusetts Health Data Consortium on healthcare data security projects. His profile is on this link
. Dan Weller
The Weller family has been in carpeting for three generations. Mike Weller spent many years in Boston, working for Warren Allen, a carpet distributor in New England. Mike's son, Bob Weller decided to carry on the carpeting tradition and in 1954; he started Robert Weller Corporation, a carpet conversion factory located on A Street in South Boston. Bob would purchase carpet remnants from the various carpet mills and convert these remnants into first quality area rugs. To this day, we are one of the last of our breed in the northeast, supplying much of New England with the highest quality area rugs.
In 1999 Bob's son Dan joined the company and is now the acting president. The company has enjoyed steady growth in our wholesale division and astonishing growth from our retail division. In 2000, Weller Carpets was faced with a decision - with the continued restructuring of the South Boston Waterfront, Weller Carpets would be forced to relocate. After a long search, we first resettled in Avon, MA, and then finally here in Norwood, MA.. Here's his company's web site