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  1. 1. Venture Capital and Buyouts Kick-Off October 2008
  2. 2. 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>
  3. 3. 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>
  4. 4. 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>
  5. 5. 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
  6. 6. Faculty Advisors Professor Rogers Professor Stowell Professor Petersen Professor Sutter Scott Whitaker Professor Merkin Professor Collins Professor Hochberg Dean Chopra
  7. 7. Courses and Concentrations <ul><li>Buyouts, Venture Capital and Entrepreneurship are by nature very broad areas; a general business education is essential for success in all. </li></ul><ul><li>To supplement the Entrepreneurship major, PEEK devised a list of recommended courses for Buyouts and Venture Capital </li></ul><ul><ul><li>Not a formal major </li></ul></ul><ul><ul><li>Based on input from recent graduates who are currently working for Buyouts and Venture Capital firms </li></ul></ul><ul><ul><li>Students maintain flexibility to take courses that best suit their interests </li></ul></ul><ul><ul><li>List available on PEEK website </li></ul></ul><ul><li>PEEK recommends students determine where their educational needs are and choose courses that best meet these needs </li></ul>
  8. 8. Roles in Buyouts vs. Venture Capital <ul><li>Roles for individuals directly following MBA differs slightly between Buyouts and Venture Capital: </li></ul><ul><ul><li>Buyouts: </li></ul></ul><ul><ul><ul><li>Heavily-weighted toward financial analysis; necessary to have deep knowledge of financial modeling and accounting </li></ul></ul></ul><ul><ul><ul><li>Have to be able to understand and evaluate broad, established industries. Ability to help firm identify and work with potential targets </li></ul></ul></ul><ul><ul><li>Venture Capital: </li></ul></ul><ul><ul><ul><li>Heavily-weighted toward being able to understand technology trends </li></ul></ul></ul><ul><ul><ul><li>Key skill-sets: Deep domain expertise, deep network or operating experience. Assist Partners in deals </li></ul></ul></ul><ul><ul><ul><li>Typical roles after B-school: Senior Associates/Principals </li></ul></ul></ul><ul><li>Before going through job search process, students should determine whether their experience prior to school would be better-suited for Buyouts or Venture Capital </li></ul>
  9. 9. Overview of Events <ul><li>Events will be focused on either Buyouts, Venture Capital or Entrepreneurship </li></ul><ul><li>Schedule is ordered to maximize impact to students: </li></ul><ul><ul><li>Fall Quarter: General educational events </li></ul></ul><ul><ul><li>Winter Quarter: Job search and networking events </li></ul></ul><ul><ul><li>Spring Quarter: More specific educational events in preparation for summer / full-time work </li></ul></ul><ul><li>Events include: </li></ul><ul><ul><li>Panel presentations </li></ul></ul><ul><ul><li>Speakers </li></ul></ul><ul><ul><li>Competitions </li></ul></ul><ul><ul><li>Conference </li></ul></ul><ul><ul><li>Treks </li></ul></ul><ul><ul><li>Socials </li></ul></ul>
  10. 10. General 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 are 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 practice and counseling from second-years </li></ul><ul><li>NFTE: National Foundation for Teaching Entrepreneurship </li></ul><ul><ul><li>Kellogg students provide mentorship to young entrepreneurs </li></ul></ul><ul><ul><li>NFTE Info Session: Thursday, October 11, 5:15pm G36 </li></ul></ul><ul><li>Socials: </li></ul><ul><ul><li>Bi-quarterly events that provide opportunity for students interested in PEEK-related careers to meet in an informal situation (aka a bar) </li></ul></ul>
  11. 11. Buyouts Events <ul><li>Buyouts Bootcamp: General introduction to buyouts industry </li></ul><ul><li>East Coast Trek: Opportunity for second-years to meet with buyout firms in New York. Current first-years need to plan at end of this year for next. </li></ul><ul><li>Chicago Trek Day: Opportunity for students to meet firms in Chicago </li></ul><ul><li>Buyouts Case Competition: Educational event. Preparation for national, intra-business school case competitions. </li></ul><ul><li>Legal Documentation Speaker Series: Local lawyers will teach basics of legal documentation </li></ul><ul><li>Industry Focused Speaker Series: Professionals from firms investing in specific industries (e.g. healthcare, energy) come to Kellogg to speak </li></ul><ul><li>Service Provider Presentations: Professionals from consulting, investment banking and accounting firms speak about how their roles impact buyouts </li></ul>
  12. 12. Venture Capital Events <ul><li>Venture Capital Bootcamp: General introduction to VC industry </li></ul><ul><ul><li>October 6, 10, 17 </li></ul></ul><ul><li>Kauffman Fellowship Intro Session </li></ul><ul><li>Chicago Trek Day: Opportunity for students to meet firms in Chicago </li></ul><ul><li>Venture Capital Competition: Educational event. Preparation for national, intra-business school VC competitions (e.g. VCIC and SVCIC). </li></ul><ul><ul><li>Early November, 2007 </li></ul></ul><ul><li>Venture Capital “Hot Topics” Speaker Series </li></ul><ul><li>Silicon Valley Venture Capital Trek: Opportunity for students to meet firms in Silicon Valley </li></ul><ul><ul><li>Winter Quarter, 2008 </li></ul></ul>
  13. 13. Entrepreneurship Events <ul><li>Entrepreneurship Speaker Series: Range of entrepreneurs and their investors come to Kellogg to speak </li></ul><ul><li>Search Fund Presentation: Kellogg alums with search fund backing come to Kellogg to speak </li></ul><ul><li>Silicon Valley Entrepreneurship Trek: Opportunity for students to meet start-up firms, and their investors, in Silicon Valley </li></ul>
  14. 14. Recruiting <ul><li>Recruiting for PEEK-related internships and full-time jobs is largely an off-campus search </li></ul><ul><li>Students who do well in off-campus search are: </li></ul><ul><ul><li>Able to determine how their experience makes them unique and valuable to the firms and companies they are contacting </li></ul></ul><ul><ul><li>Disciplined </li></ul></ul><ul><ul><li>Persistent </li></ul></ul><ul><ul><li>Self-starters </li></ul></ul><ul><ul><li>Adept at networking </li></ul></ul><ul><li>Going though search process is good barometer for fit in PEEK-related careers </li></ul>
  15. 15. Getting 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>Roles </li></ul></ul></ul><ul><ul><ul><li>Office hours this week, lunchtimes in the Atrium </li></ul></ul></ul>
  16. 16. Private Equity Conference <ul><li>11 th annual Kellogg Private Equity Conference will be held on April 2 nd , 2008 </li></ul><ul><li>Conference has variety of speakers and panels, covering a wide span of topics related to Buyouts and Venture Capital </li></ul><ul><li>Organized by group of students separate of PEEK </li></ul><ul><ul><li>In past, there has been high degree of overlap between PEEK and Private Equity Conference volunteers </li></ul></ul>
  17. 17. 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 (no need to register beforehand) </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>