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First Some Good News…
Entrepreneurship promoted by several groups InNUvation PEEK Levy Institute Audience Northwestern-wide: Kellogg, Law, Med, ...
<ul><li>Both clubs serve broader audiences – only overlap is with entrepreneurship at Kellogg’ </li></ul><ul><li>Students ...
Kellogg Kick-off Meeting
InNUvation Overview <ul><li>Mission:  To kindle the entrepreneurial spirit by providing opportunities for education and id...
2006-07 Year in Review Kick-Off Meeting InNUvation has established itself as a nexus for interdisciplinary innovation at N...
2007-2008 InNUvation Events Kick-Off Meeting <ul><li>Speakers  </li></ul><ul><ul><li>Paul Sagan – CEO of Akamai </li></ul>...
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 <ul><li>Join the  listserv  to receive communications about upcoming events </li></ul><ul><l...
Leadership Opportunities <ul><li>To apply, go to  www.innuvation.org  and complete the leadership position application for...
Key Dates <ul><li>October 8th  – NUVC Kick-Off, Paul Sagan (CEO of Akamai) and Mary Lou Song (1 st  employee at eBay) </li...
Contact <ul><li>www.innuvation.org </li></ul><ul><li>Tejash Unadkat, Kellogg Chapter President ( [email_address] ) </li></...
Entrepreneurship Kickoff October 2007
Overview of PEEK <ul><li>Organization Goal:  </li></ul>Educating members about private equity and entrepreneurship, streng...
What is Private Equity? <ul><li>General Definition:  </li></ul>Equity capital invested in private companies <ul><li>Who is...
Club Organization <ul><li>PEEK events will be targeted/marketed to one of three interests: </li></ul><ul><ul><li>Buyouts <...
Leadership Andy Phipps Co-Chair John Thorpe Co-Chair Mike Teplitsky Director, Buyouts Anand Babu Director,  Entrepreneursh...
Faculty Advisors Professor Rogers Professor Stowell Professor Petersen Professor Sutter Scott Whitaker Professor Merkin Pr...
<ul><li>Get Inspired:   Listen to speakers/panels that have been through it  AND  that you can relate to </li></ul><ul><li...
Entrepreneurship Events <ul><li>Entrepreneurship Speaker Series:  Range of entrepreneurs and investors come to Kellogg to ...
Other PEEK Events <ul><li>KPEC:  </li></ul><ul><ul><li>Quarter-long projects for venture capital and buyout firms and star...
Get Involved <ul><li>PEEK encourages you to do the following: </li></ul><ul><ul><li>Sign up for listserv:  Best means for ...
Leadership Opportunities PEEK Levy Institute Potential Applicants Northwestern-wide: Kellogg, Law, Med, Engineering, etc. ...
Upcoming PEEK Events <ul><li>PEEK Fall Social </li></ul><ul><ul><li>Wednesday, October 3 rd </li></ul></ul><ul><ul><li>8:0...
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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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    1. 2. First Some Good News…
    2. 3. Entrepreneurship promoted by several groups InNUvation PEEK Levy Institute Audience Northwestern-wide: Kellogg, Law, Med, Engineering, etc. Kellogg Kellogg Areas of focus: <ul><li>Bootstrapped companies </li></ul><ul><li>VC-backed ventures </li></ul><ul><li>Tech. commercialization & University spinouts </li></ul><ul><li>Other </li></ul><ul><li>Bootstrapped companies </li></ul><ul><li>VC-backed ventures </li></ul><ul><li>Search funds & management buyouts </li></ul><ul><li>Corporate “entrepreneurship” </li></ul><ul><li>All </li></ul>Activities <ul><li>NU Venture Challenge business idea competition </li></ul><ul><li>Applied Research Day </li></ul><ul><li>Speakers </li></ul><ul><li>Workshops </li></ul><ul><li>Networking Events </li></ul><ul><li>Entrepreneurship Speaker Series </li></ul><ul><li>MBA Business Plan Competitions </li></ul><ul><li>Entrepreneurship Trek </li></ul><ul><li>Entrepreneurship & Innovation Major </li></ul><ul><li>Kellogg Cup </li></ul>
    3. 4. <ul><li>Both clubs serve broader audiences – only overlap is with entrepreneurship at Kellogg’ </li></ul><ul><li>Students are encouraged to join both clubs </li></ul>Why have two student clubs for entrepreneurship? Entrepreneurship Venture Capital Private Equity Kellogg Law McCormick Feinberg Medill Weinberg Undergrad
    4. 5. Kellogg Kick-off Meeting
    5. 6. InNUvation Overview <ul><li>Mission: To kindle the entrepreneurial spirit by providing opportunities for education and idea exchange, thus fostering commercialization, innovation, and new venture formulation. </li></ul><ul><li>8 chapters university-wide </li></ul><ul><ul><li>Feinberg </li></ul></ul><ul><ul><li>Kellogg </li></ul></ul><ul><ul><li>Law </li></ul></ul><ul><ul><li>McCormick (Graduate and Undergraduate chapters) </li></ul></ul><ul><ul><li>Medill </li></ul></ul><ul><ul><li>Weinberg (Graduate and Undergraduate chapters) </li></ul></ul><ul><ul><li>Undergrad </li></ul></ul>Kick-Off Meeting
    6. 7. 2006-07 Year in Review Kick-Off Meeting InNUvation has established itself as a nexus for interdisciplinary innovation at Northwestern Membership <ul><li>Leadership team has grown from 8 to 26 officers </li></ul><ul><li>Reached 1,100 members </li></ul><ul><li>Established 3 new chapters (Law, Feinberg, Medill) </li></ul><ul><ul><li>Currently have 8 chapters </li></ul></ul>Curriculum <ul><li>Launched NUvention </li></ul>Events <ul><li>6 Speakers </li></ul><ul><li>Applied Research Day </li></ul><ul><li>NU Venture Challenge </li></ul>Partnerships <ul><li>NanoAlliance, Undergraduate NUCorp, Kellogg PEEK, CEI, Small Business Opportunity Center, U. Chicago, TiE, CEC </li></ul>
    7. 8. 2007-2008 InNUvation Events Kick-Off Meeting <ul><li>Speakers </li></ul><ul><ul><li>Paul Sagan – CEO of Akamai </li></ul></ul><ul><ul><li>Mary Lou Song – 1 st Employee at eBay </li></ul></ul><ul><li>Workshops (1 in Chicago) </li></ul><ul><ul><li>Abstract writing and elevator pitch </li></ul></ul><ul><ul><li>Marketing </li></ul></ul><ul><ul><li>Finance </li></ul></ul><ul><ul><li>Intellectual Property </li></ul></ul><ul><ul><li>Investors </li></ul></ul><ul><li>Applied Research Day </li></ul><ul><li>Feinberg Event (Chicago) </li></ul><ul><li>Law Event (Chicago) </li></ul><ul><li>Socials and Mixers </li></ul><ul><li>Mentoring and Office Hours </li></ul><ul><li>2008 NU Venture Challenge </li></ul><ul><li>University-wide idea competition </li></ul><ul><li>Three round competition </li></ul><ul><ul><li>Abstract submission </li></ul></ul><ul><ul><li>Elevator pitch </li></ul></ul><ul><ul><li>Final presentation </li></ul></ul><ul><li>Judged by entrepreneurs, venture capitalists and angel investors </li></ul><ul><li>Last year, 60 teams and 200+ students representing all schools at Northwestern competed for $27,000 in prizes </li></ul>
    8. 9. 2007 NU Venture Challenge Kick-Off Meeting
    9. 10. 2007 Applied Research Day Kick-Off Meeting
    10. 11. Why get involved? Kick-Off Meeting Learn Meet Enjoy InNUvation Diverse ideas Broad network Building companies
    11. 12. Opportunities for Involvement <ul><li>Join the listserv to receive communications about upcoming events </li></ul><ul><li>Participate in Applied Research Day </li></ul><ul><li>Participate in the NU Venture Challenge </li></ul><ul><li>Apply for an Evanston leadership position </li></ul><ul><ul><li>Applications due by Friday October 12 th </li></ul></ul><ul><ul><li>Visit our website for the application and a list of open positions ( www.innuvation.org ) </li></ul></ul><ul><li>Contact Matt Krutky if interested in becoming a Chicago Campus Leader </li></ul><ul><ul><li>[email_address] </li></ul></ul>Kick-Off Meeting
    12. 13. Leadership Opportunities <ul><li>To apply, go to www.innuvation.org and complete the leadership position application form </li></ul><ul><li>E-mail the completed application to [email_address] </li></ul><ul><li>Application deadline - Friday October 12 th </li></ul>Kick-Off Meeting <ul><li>NUVC Logistics </li></ul><ul><li>NUVC Judges </li></ul><ul><li>NUVC Mentorship </li></ul><ul><li>NUVC Communication </li></ul><ul><li>External/PR Marketing </li></ul><ul><li>Medill Chapter President </li></ul><ul><li>Speakers Director </li></ul><ul><li>Social Director </li></ul><ul><li>Corporate Relations </li></ul><ul><li>Alumni Relations </li></ul><ul><li>Co-Internal Marketing Chair </li></ul><ul><li>Graphics Designer </li></ul>
    13. 14. Key Dates <ul><li>October 8th – NUVC Kick-Off, Paul Sagan (CEO of Akamai) and Mary Lou Song (1 st employee at eBay) </li></ul><ul><li>October 12 th – Applications for leadership positions due </li></ul><ul><li>Mid-November – Applied Research Day </li></ul><ul><li>February 22 nd 2008 – NUVC abstract submission </li></ul><ul><li>Early-April 2008 – NUVC semi-finals </li></ul><ul><li>Early-May 2008 – NUVC finals </li></ul>Kick-Off Meeting
    14. 15. Contact <ul><li>www.innuvation.org </li></ul><ul><li>Tejash Unadkat, Kellogg Chapter President ( [email_address] ) </li></ul>Kick-Off Meeting
    15. 16. Entrepreneurship Kickoff October 2007
    16. 17. Overview of PEEK <ul><li>Organization Goal: </li></ul>Educating members about private equity and entrepreneurship, strengthening relationships with alumni, and facilitating career and networking opportunities <ul><li>Who should participate in PEEK events? </li></ul><ul><ul><li>All students interested in pursuing a role in private equity or entrepreneurship , whether directly after graduating from Kellogg or later in their careers </li></ul></ul><ul><ul><li>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 </li></ul></ul>
    17. 18. What is Private Equity? <ul><li>General Definition: </li></ul>Equity capital invested in private companies <ul><li>Who is investing? </li></ul><ul><ul><li>Private equity firms invest capital on behalf of their limited partners </li></ul></ul><ul><ul><li>For simplicity purposes, we divide private equity firms into two general categories: </li></ul></ul><ul><ul><ul><li>Venture Capital : Firms making investments in companies in their early stage of operation </li></ul></ul></ul><ul><ul><ul><li>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. </li></ul></ul></ul>
    18. 19. Club Organization <ul><li>PEEK events will be targeted/marketed to one of three interests: </li></ul><ul><ul><li>Buyouts </li></ul></ul><ul><ul><li>Venture Capital </li></ul></ul><ul><ul><li>Entrepreneurship </li></ul></ul><ul><li>Why does PEEK cover all three? </li></ul><ul><ul><li>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 </li></ul></ul><ul><ul><li>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 </li></ul></ul><ul><li>Students can, and are encouraged to, attend any PEEK event </li></ul>
    19. 20. 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
    20. 21. Faculty Advisors Professor Rogers Professor Stowell Professor Petersen Professor Sutter Scott Whitaker Professor Merkin Professor Collins Professor Hochberg
    21. 22. <ul><li>Get Inspired: Listen to speakers/panels that have been through it AND that you can relate to </li></ul><ul><li>Get Networked: Meet classmates, alumni, others that share your interests </li></ul><ul><li>Get Ready: Participate in business plan competitions, explore “platform” jobs </li></ul>CareerLeader says you should be an entrepreneur… what now?
    22. 23. Entrepreneurship Events <ul><li>Entrepreneurship Speaker Series: Range of entrepreneurs and investors come to Kellogg to speak </li></ul><ul><li>Search Fund Panel: Kellogg alums with search fund backing speak at Kellogg </li></ul><ul><li>Other possible panels: </li></ul><ul><ul><li>Bootstrap stories </li></ul></ul><ul><ul><li>Working at a VC-backed company </li></ul></ul><ul><ul><li>Working at a company post LBO/MBO </li></ul></ul>Get Inspired Get Networked Get Ready <ul><li>PEEK Social Events </li></ul><ul><li>Participate in Kellogg Alumni Entrepreneur Conference </li></ul><ul><li>Silicon Valley Entrepreneurship Trek: Opportunity to meet start-up firms, and their investors, in Silicon Valley </li></ul><ul><li>Corporate Entrepreneurship Panel </li></ul>
    23. 24. Other PEEK Events <ul><li>KPEC: </li></ul><ul><ul><li>Quarter-long projects for venture capital and buyout firms and start-up companies. </li></ul></ul><ul><ul><li>Applications due each quarter </li></ul></ul><ul><ul><li>Students matched with interested parties </li></ul></ul><ul><ul><li>Great opportunity for students to get additional, real-world experience while in school </li></ul></ul><ul><li>Resume Review and Mock Interviews: First-years receive counseling from second-years </li></ul><ul><li>NFTE: Kellogg students provide mentorship to young entrepreneurs. Information session Thursday 11th Oct, 12.15pm, G36 </li></ul><ul><li>Socials: </li></ul><ul><ul><li>Opportunity for students interested in PEEK-related careers to meet in informal social situations </li></ul></ul><ul><ul><li>At least one per quarter </li></ul></ul><ul><li>Venture Capital Bootcamp: General introduction to VC industry </li></ul><ul><li>Chicago Trek Day: Opportunity for students to meet firms in Chicago </li></ul><ul><li>Venture Capital Case Competition: Educational event. Preparation for national, intra-business school case competitions. </li></ul><ul><li>Silicon Valley Venture Capital Trek: Opportunity for students to meet firms in Silicon Valley </li></ul>General VC-specific
    24. 25. Get Involved <ul><li>PEEK encourages you to do the following: </li></ul><ul><ul><li>Sign up for listserv: Best means for keeping up-to-date on all PEEK events </li></ul></ul><ul><ul><li>Attend events: As mentioned throughout presentation, all Kellogg students are encouraged to attend all PEEK events. </li></ul></ul><ul><ul><li>Volunteer at events: PEEK events are organized and staffed entirely by students. There is plenty of capacity for interested students! </li></ul></ul><ul><ul><li>Apply to be member of PEEK leadership team: </li></ul></ul><ul><ul><ul><li>Applications have been distributed through listserv. </li></ul></ul></ul><ul><ul><ul><li>Deadline for submitting applications is Friday, October 5 th </li></ul></ul></ul><ul><ul><ul><li>Office hours this week in the atrium </li></ul></ul></ul>
    25. 26. 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 <ul><li>NUVC Logistics </li></ul><ul><li>NUVC Judges </li></ul><ul><li>NUVC Mentorship </li></ul><ul><li>NUVC Communication </li></ul><ul><li>External/PR Marketing </li></ul><ul><li>Speakers Director </li></ul><ul><li>Social Director </li></ul><ul><li>Corporate Relations </li></ul><ul><li>Alumni Relations </li></ul><ul><li>Co-Internal Marketing Chair </li></ul><ul><li>Graphics Designer </li></ul><ul><li>Entrepreneurship (4) </li></ul><ul><ul><li>Speakers </li></ul></ul><ul><ul><li>Entrepreneurship Trek </li></ul></ul><ul><ul><li>Business Plan Coordinator </li></ul></ul><ul><ul><li>Kellogg Cup </li></ul></ul><ul><li>Venture Capital (4) </li></ul><ul><li>Buyouts Team (4) </li></ul><ul><li>Careers (1) </li></ul><ul><li>Webmaster (1) </li></ul><ul><li>Oversight Team (2) </li></ul><ul><li>Levy Associates (2) </li></ul>Application Instructions <ul><li>Download application from www.inNUvation.org </li></ul><ul><li>E-mail completed application to [email_address] </li></ul><ul><li>Deadline – Friday October 12th </li></ul><ul><li>Complete application form (emailed to PEEK listserv) </li></ul><ul><li>E-mail completed application to jthorpe2008@kellogg.northwestern.edu </li></ul><ul><li>Deadline – Friday October 5th </li></ul><ul><li>Send a letter of interest and resume to [email_address] between 8-12 October. Interviews held 16-19 October. </li></ul>
    26. 27. Upcoming PEEK Events <ul><li>PEEK Fall Social </li></ul><ul><ul><li>Wednesday, October 3 rd </li></ul></ul><ul><ul><li>8:00 pm </li></ul></ul><ul><ul><li>Prairie Moon </li></ul></ul><ul><ul><li>Limited food and drinks provided- come early! </li></ul></ul><ul><li>Private Equity Bootcamp Series </li></ul><ul><ul><li>General Introduction: </li></ul></ul><ul><ul><ul><li>Saturday, October 6 th , 8:30 am </li></ul></ul></ul><ul><ul><li>Buyouts Sessions: </li></ul></ul><ul><ul><ul><li>Saturday, October 6 th , 11:00 am </li></ul></ul></ul><ul><ul><ul><li>Saturday, October 13 th , 8:30 am </li></ul></ul></ul><ul><ul><li>Venture Capital Sessions: </li></ul></ul><ul><ul><ul><li>Wednesday, October 10 th , 12:15 pm </li></ul></ul></ul><ul><ul><ul><li>Wednesday October 17 th , 8:30 am </li></ul></ul></ul>
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