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First Some Good News…

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  1. First Some Good News…

  2. Entrepreneurship promoted by several groups

  3. Why have two student clubs for entrepreneurship? Kellogg Law McCormick Feinberg Medill • Both clubs serve broader audiences – only overlap is with entrepreneurship at Kellogg’ • Students are encouraged to join both clubs Weinberg Undergrad Entrepreneurship Venture Capital Private Equity

  4. Kellogg Kick-off Meeting

  5. 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 6

  6. 2006-07 Year in Review InNUvation has established itself as a nexus for interdisciplinary innovation at Northwestern Kick-Off Meeting 7

  7. 2007-2008 InNUvation Events • Speakers • Paul Sagan – CEO of Akamai • Mary Lou Song – 1st 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 Kick-Off Meeting 8

  8. 2007 NU Venture Challenge Kick-Off Meeting 9

  9. 2007 Applied Research Day Kick-Off Meeting 10

  10. Why get involved? Learn Meet InNUvation Diverse ideas Broad network Enjoy Building companies Kick-Off Meeting 11

  11. 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 12th 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 m-krutky@northwestern.edu Kick-Off Meeting 12

  12. Leadership Opportunities • 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 To apply, go to www.innuvation.org and complete the leadership position application form E-mail the completed application to achen2008@kellogg.northwestern.edu Application deadline - Friday October 12th Kick-Off Meeting 13

  13. Key Dates October 8th – NUVC Kick-Off, Paul Sagan (CEO of Akamai) and Mary Lou Song (1st employee at eBay) October 12th– Applications for leadership positions due Mid-November – Applied Research Day February 22nd 2008 – NUVC abstract submission Early-April 2008 – NUVC semi-finals Early-May 2008 – NUVC finals Kick-Off Meeting 14

  14. Contact www.innuvation.org Tejash Unadkat, Kellogg Chapter President (tunadkat2008@kellogg.northwestern.edu) Kick-Off Meeting 15

  15. Entrepreneurship Kickoff October 2007

  16. 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

  17. 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.

  18. 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

  19. Leadership John Thorpe Co-Chair Anand Babu Director, Entrepreneurship Andy Phipps Co-Chair Savinay Berry Director, Venture Capital Laura Lester Director, 1Ys Mike Teplitsky Director, Buyouts Jeanette Cajide Director, Careers

  20. Faculty Advisors Professor Rogers Professor Stowell Professor Petersen Professor Sutter Scott Whitaker Professor Merkin Professor Collins Professor Hochberg

  21. CareerLeader says you should be an entrepreneur… what now? • 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

  22. Entrepreneurship Events Get Inspired Get Networked Get Ready • 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 • 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

  23. Other PEEK Events General VC-specific • 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

  24. 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 5th • Office hours this week in the atrium

  25. Leadership Opportunities

  26. Upcoming PEEK Events • PEEK Fall Social • Wednesday, October 3rd • 8:00 pm • Prairie Moon • Limited food and drinks provided- come early! • Private Equity Bootcamp Series • General Introduction: • Saturday, October 6th, 8:30 am • Buyouts Sessions: • Saturday, October 6th, 11:00 am • Saturday, October 13th, 8:30 am • Venture Capital Sessions: • Wednesday, October 10th, 12:15 pm • Wednesday October 17th, 8:30 am