Your SlideShare is downloading. ×
Worcester Polytech - Alumni entrepreneurial activity - Open 2011
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Introducing the official SlideShare app

Stunning, full-screen experience for iPhone and Android

Text the download link to your phone

Standard text messaging rates apply

Worcester Polytech - Alumni entrepreneurial activity - Open 2011

401
views

Published on


0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
401
On Slideshare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • 22%23%31%24%75% of founders still active!
  • 21.3201812.711.3
  • 36%28%21.6%9%5.4%
  • Services46.30%Manufacturing25.90%Transportation/Communication/Utilities9.30%Construction8.80%Retail6.30%FIRE3.40%
  • 21.829.648.6
  • Personal 83.3Family 20.1Friends 11.8Bank 15.2Angels 12.3VCs 9.3
  • Interesting fact: 21% of businesses were founded to be global, and another 17% evolved to be global.
  • 44.1%33.6%9.7% (incubator, mentoring)9.7%5%
  • 33.1%28.1%28.1%5.0%
  • Transcript

    • 1. Toward an Understanding of Alumni Entrepreneurial Activity at a Technological University
      McRae C. Banks
      with Drew Gilday and
      KaterinaMangaroska
      School of Business
      Worcester Polytechnic Institute
    • 2. Motivation and Method
      Learning about our entrepreneurial alumni
      Similar to MIT alumni studies by Ed Roberts
      Online survey
      Email with link sent to over 15,000 living alumni of WPI
      Given four weeks to participate, but closed after six weeks
      Two reminder messages sent
      622 responses (~ 4%)
    • 3. Majors
      348 Engineering
      68 Math/Computer Science
      65 Science
      Balance Other (MBA, MSIT, MIS, MGE, MG, SS, System Dynamics, etc.)
      Civil Engineering and Mechanical Engineering comprise 50 percent of participants
      Vast majority graduated prior to 1995
    • 4. Founded or Considered It
    • 5. What Influenced You to Start?
    • 6. Barriers for Non-Starters
    • 7. Some Basic Information
      Companies founded in 26 states and 2 other nations
      63% New England
      37% Massachusetts
      16% West
      12% Northeast
      5% Midwest
      Only 7% are (or were) public
    • 8. Sector
    • 9. Criticality of IP
    • 10. Number of Founders
    • 11. Source of Cofounders
    • 12. Sources of Funding
    • 13. Company Size
    • 14. Variables Affecting Location Decision
    • 15. Variables NOT Affecting Location Decision
    • 16. Variables Important toExpansion Decisions
    • 17. What would help you inachieving your vision?
    • 18. What Can WPI Provide?
    • 19. Take Aways for WPI
      Humbling, but reinforces importance of mindset
      A handful of really successful alumni we should engage
      Surprised at the percentage of serial founders
      Surprised at the low importance of IP