presentation

First Some Good News…

Entrepreneurship promoted by several groups

InNUvationPEEK

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

Why have two student clubs for entrepreneurship?

Entrepreneurship Venture Capital Private Equity

Kellogg

Law

McCormick

Feinberg

Medill

Weinberg

Undergrad

• Both clubs serve broader audiences – only overlap is with entrepreneurship at Kellogg’

• Students are encouraged to join both clubs

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

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2006-07 Year in Review

Kick-Off Meeting 7

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

InNUvation has established itself as a nexus for interdisciplinary innovation at Northwestern

2007-2008 InNUvation Events

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• 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

2007 NU Venture Challenge

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2007 Applied Research Day

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Why get involved?

Kick-Off Meeting 11

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 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

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Leadership Opportunities

• 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

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• 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 (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

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Contact

• www.innuvation.org

• Tejash Unadkat, Kellogg Chapter President (tunadkat2008@kellogg.northwestern.edu)

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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 PhippsCo-Chair

John ThorpeCo-Chair

Mike TeplitskyDirector, Buyouts

Anand BabuDirector,

Entrepreneurship

Jeanette CajideDirector, Careers

Savinay BerryDirector,

Venture Capital

Laura LesterDirector, 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 5th

Office hours this week in the atrium

Leadership Opportunities

PEEKLevy Institute

Potential Applicants

Northwestern-wide:Kellogg, Law, Med, Engineering, etc.

Kellogg only Kellogg only and focused on 2nd 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 achen2008@kellogg.northwestern.edu

•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 levyinstitute@kellogg.northwestern.edu between 8-12 October.Interviews held 16-19 October.

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