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  • He cites data from the Current Population Survey, made up primarily of non-MBAs, that studied the industries where entrepreneurs founded companies. In 2002, the top five industries were non-technical: construction, with 13.48 percent of companies founded by entrepreneurs; retail trade, 12.98 percent; other professional services, 11.02 percent; business services, 8.10 percent; and insurance and real estate, 6.72 percent.

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  •  
  • First Some Good News…
  • Entrepreneurship promoted by several groups InNUvation PEEK Levy Institute Audience Northwestern-wide: Kellogg, Law, Med, Engineering, etc. Kellogg Kellogg Areas of focus:
    • Bootstrapped companies
    • VC-backed ventures
    • Tech. commercialization & University spinouts
    • Other
    • Bootstrapped companies
    • VC-backed ventures
    • Search funds & management buyouts
    • Corporate “entrepreneurship”
    • All
    Activities
    • NU Venture Challenge business idea competition
    • Applied Research Day
    • Speakers
    • Workshops
    • Networking Events
    • Entrepreneurship Speaker Series
    • MBA Business Plan Competitions
    • Entrepreneurship Trek
    • Entrepreneurship & Innovation Major
    • Kellogg Cup
    • Both clubs serve broader audiences – only overlap is with entrepreneurship at Kellogg’
    • Students are encouraged to join both clubs
    Why have two student clubs for entrepreneurship? Entrepreneurship Venture Capital Private Equity Kellogg Law McCormick Feinberg Medill Weinberg Undergrad
  • Kellogg Kick-off Meeting
  • InNUvation Overview
    • Mission: To kindle the entrepreneurial spirit by providing opportunities for education and idea exchange, thus fostering commercialization, innovation, and new venture formulation.
    • 8 chapters university-wide
      • Feinberg
      • Kellogg
      • Law
      • McCormick (Graduate and Undergraduate chapters)
      • Medill
      • Weinberg (Graduate and Undergraduate chapters)
      • Undergrad
    Kick-Off Meeting
  • 2006-07 Year in Review Kick-Off Meeting InNUvation has established itself as a nexus for interdisciplinary innovation at Northwestern Membership
    • Leadership team has grown from 8 to 26 officers
    • Reached 1,100 members
    • Established 3 new chapters (Law, Feinberg, Medill)
      • Currently have 8 chapters
    Curriculum
    • Launched NUvention
    Events
    • 6 Speakers
    • Applied Research Day
    • NU Venture Challenge
    Partnerships
    • NanoAlliance, Undergraduate NUCorp, Kellogg PEEK, CEI, Small Business Opportunity Center, U. Chicago, TiE, CEC
  • 2007-2008 InNUvation Events Kick-Off Meeting
    • Speakers
      • Paul Sagan – CEO of Akamai
      • Mary Lou Song – 1 st Employee at eBay
    • Workshops (1 in Chicago)
      • Abstract writing and elevator pitch
      • Marketing
      • Finance
      • Intellectual Property
      • Investors
    • Applied Research Day
    • Feinberg Event (Chicago)
    • Law Event (Chicago)
    • Socials and Mixers
    • Mentoring and Office Hours
    • 2008 NU Venture Challenge
    • University-wide idea competition
    • Three round competition
      • Abstract submission
      • Elevator pitch
      • Final presentation
    • Judged by entrepreneurs, venture capitalists and angel investors
    • Last year, 60 teams and 200+ students representing all schools at Northwestern competed for $27,000 in prizes
  • 2007 NU Venture Challenge Kick-Off Meeting
  • 2007 Applied Research Day Kick-Off Meeting
  • Why get involved? Kick-Off Meeting Learn Meet Enjoy InNUvation Diverse ideas Broad network Building companies
  • Opportunities for Involvement
    • Join the listserv to receive communications about upcoming events
    • Participate in Applied Research Day
    • Participate in the NU Venture Challenge
    • Apply for an Evanston leadership position
      • Applications due by Friday October 12 th
      • Visit our website for the application and a list of open positions ( www.innuvation.org )
    • Contact Matt Krutky if interested in becoming a Chicago Campus Leader
      • [email_address]
    Kick-Off Meeting
  • Leadership Opportunities
    • To apply, go to www.innuvation.org and complete the leadership position application form
    • E-mail the completed application to [email_address]
    • Application deadline - Friday October 12 th
    Kick-Off Meeting
    • NUVC Logistics
    • NUVC Judges
    • NUVC Mentorship
    • NUVC Communication
    • External/PR Marketing
    • Medill Chapter President
    • Speakers Director
    • Social Director
    • Corporate Relations
    • Alumni Relations
    • Co-Internal Marketing Chair
    • Graphics Designer
  • Key Dates
    • October 8th – NUVC Kick-Off, Paul Sagan (CEO of Akamai) and Mary Lou Song (1 st employee at eBay)
    • October 12 th – Applications for leadership positions due
    • Mid-November – Applied Research Day
    • February 22 nd 2008 – NUVC abstract submission
    • Early-April 2008 – NUVC semi-finals
    • Early-May 2008 – NUVC finals
    Kick-Off Meeting
  • Contact
    • www.innuvation.org
    • Tejash Unadkat, Kellogg Chapter President ( [email_address] )
    Kick-Off Meeting
  • Entrepreneurship Kickoff October 2007
  • Overview of PEEK
    • Organization Goal:
    Educating members about private equity and entrepreneurship, strengthening relationships with alumni, and facilitating career and networking opportunities
    • Who should participate in PEEK events?
      • All students interested in pursuing a role in private equity or entrepreneurship , whether directly after graduating from Kellogg or later in their careers
      • Students pursuing careers in industries in which they would be working with entrepreneurs or private equity professionals, such as investment banking, consulting or general management
  • What is Private Equity?
    • General Definition:
    Equity capital invested in private companies
    • Who is investing?
      • Private equity firms invest capital on behalf of their limited partners
      • For simplicity purposes, we divide private equity firms into two general categories:
        • Venture Capital : Firms making investments in companies in their early stage of operation
        • Buyout : Firms making investments in companies in their later stages of operation. These firms usually recapitalize acquired company with some level of debt after transaction.
  • Club Organization
    • PEEK events will be targeted/marketed to one of three interests:
      • Buyouts
      • Venture Capital
      • Entrepreneurship
    • Why does PEEK cover all three?
      • Line is blurry between Buyout and Venture Capital investing. Students can learn investing principals in one area that might apply to other; having a club that oversees both encourages such insight
      • Individuals working in Buyouts and Venture Capital will often work closely with entrepreneurs, and vice versa. Having a club that oversees all three areas provides greater opportunity for interaction during business school
    • Students can, and are encouraged to, attend any PEEK event
  • Leadership Andy Phipps Co-Chair John Thorpe Co-Chair Mike Teplitsky Director, Buyouts Anand Babu Director, Entrepreneurship Jeanette Cajide Director, Careers Savinay Berry Director, Venture Capital Laura Lester Director, 1Ys
  • Faculty Advisors Professor Rogers Professor Stowell Professor Petersen Professor Sutter Scott Whitaker Professor Merkin Professor Collins Professor Hochberg
    • Get Inspired: Listen to speakers/panels that have been through it AND that you can relate to
    • Get Networked: Meet classmates, alumni, others that share your interests
    • Get Ready: Participate in business plan competitions, explore “platform” jobs
    CareerLeader says you should be an entrepreneur… what now?
  • Entrepreneurship Events
    • Entrepreneurship Speaker Series: Range of entrepreneurs and investors come to Kellogg to speak
    • Search Fund Panel: Kellogg alums with search fund backing speak at Kellogg
    • Other possible panels:
      • Bootstrap stories
      • Working at a VC-backed company
      • Working at a company post LBO/MBO
    Get Inspired Get Networked Get Ready
    • PEEK Social Events
    • Participate in Kellogg Alumni Entrepreneur Conference
    • Silicon Valley Entrepreneurship Trek: Opportunity to meet start-up firms, and their investors, in Silicon Valley
    • Corporate Entrepreneurship Panel
  • Other PEEK Events
    • KPEC:
      • Quarter-long projects for venture capital and buyout firms and start-up companies.
      • Applications due each quarter
      • Students matched with interested parties
      • Great opportunity for students to get additional, real-world experience while in school
    • Resume Review and Mock Interviews: First-years receive counseling from second-years
    • NFTE: Kellogg students provide mentorship to young entrepreneurs. Information session Thursday 11th Oct, 12.15pm, G36
    • Socials:
      • Opportunity for students interested in PEEK-related careers to meet in informal social situations
      • At least one per quarter
    • Venture Capital Bootcamp: General introduction to VC industry
    • Chicago Trek Day: Opportunity for students to meet firms in Chicago
    • Venture Capital Case Competition: Educational event. Preparation for national, intra-business school case competitions.
    • Silicon Valley Venture Capital Trek: Opportunity for students to meet firms in Silicon Valley
    General VC-specific
  • Get Involved
    • PEEK encourages you to do the following:
      • Sign up for listserv: Best means for keeping up-to-date on all PEEK events
      • Attend events: As mentioned throughout presentation, all Kellogg students are encouraged to attend all PEEK events.
      • Volunteer at events: PEEK events are organized and staffed entirely by students. There is plenty of capacity for interested students!
      • Apply to be member of PEEK leadership team:
        • Applications have been distributed through listserv.
        • Deadline for submitting applications is Friday, October 5 th
        • Office hours this week in the atrium
  • Leadership Opportunities PEEK Levy Institute Potential Applicants Northwestern-wide: Kellogg, Law, Med, Engineering, etc. Kellogg only Kellogg only and focused on 2 nd year students Positions
    • NUVC Logistics
    • NUVC Judges
    • NUVC Mentorship
    • NUVC Communication
    • External/PR Marketing
    • Speakers Director
    • Social Director
    • Corporate Relations
    • Alumni Relations
    • Co-Internal Marketing Chair
    • Graphics Designer
    • Entrepreneurship (4)
      • Speakers
      • Entrepreneurship Trek
      • Business Plan Coordinator
      • Kellogg Cup
    • Venture Capital (4)
    • Buyouts Team (4)
    • Careers (1)
    • Webmaster (1)
    • Oversight Team (2)
    • Levy Associates (2)
    Application Instructions
    • Download application from www.inNUvation.org
    • E-mail completed application to [email_address]
    • Deadline – Friday October 12th
    • Complete application form (emailed to PEEK listserv)
    • E-mail completed application to jthorpe2008@kellogg.northwestern.edu
    • Deadline – Friday October 5th
    • Send a letter of interest and resume to [email_address] between 8-12 October. Interviews held 16-19 October.
  • Upcoming PEEK Events
    • PEEK Fall Social
      • Wednesday, October 3 rd
      • 8:00 pm
      • Prairie Moon
      • Limited food and drinks provided- come early!
    • Private Equity Bootcamp Series
      • General Introduction:
        • Saturday, October 6 th , 8:30 am
      • Buyouts Sessions:
        • Saturday, October 6 th , 11:00 am
        • Saturday, October 13 th , 8:30 am
      • Venture Capital Sessions:
        • Wednesday, October 10 th , 12:15 pm
        • Wednesday October 17 th , 8:30 am