Thursday, June 4, 2009
TYE Teams... and winners announced... drum roll....
Congratulations to all who competed in the TYE Business Plan competition. As everyone learned at TiECON, we have announced the 2008-09 winners of the program.
- First Place: Cloudsoft (Naman Bharadwaj; Vishrut Gupta)
- Second Place: Mellodi (Rahul Shah; Neil Cholli)
- Third Place: Bodian (Seshu Kankuri; Birin Padam)
Congratulations to All Competing Teams!
Congratulations to all graduates of the TYE-Boston class of 2008-2009!
Kudos to all, your presentations were extraordinary with superior ideas and stunning analyses. Every one of you demonstrated professionalism, maturity, and confidence, all of which will stay with you as you grow into adults. You are winners for successfully completing the program. You make us proud!
It is our fervent wish that our speakers expanded your imagination, that our teachers inspired you, that our mentors challenged and guided you, and that our organizing team members supported you and met your needs.
On behalf of the Organizing Team, we wish to share with you that you energized, inspired, and challenged us. Also, working with you and observing your transformation from a high schooler to an entrepreneur was both a joy and a rewarding experience for all of us.
We request that you stay in touch with your friends and the organizing team, and in TiE’s spirit of ‘Giving Back,’ we ask that you please remain engaged in the program by offering your advice and guidance to future TYE students.
We wish you the very best in your future endeavors. Now, go forth and conquer!
Monday, June 1, 2009
TyE-Boston 2009 $10K Business Plan Competition Successfully Completed
We wish to recognize the following people, who have made this program a success:
- Students for their hard work, dedication, and passion
- Speakers, teachers, and mentors for their inspiration and knowledge
- Judges for their insights and advice
- Parents for their support and encouragement
- TYE team for their coordination and leadership
- TiE office staff for their unstinting logistics support
A special thanks to our sponsors, grantors, and donors for funding the program!
$10k prize sponsors:
- Baskin Robbins
- Microsoft
- Starent Networks
Grantors:
- Cambridge Trust
Donors:
- Prashant Fadia Foundation
- Mukesh Chatter
- Santana Krishnan & Yash Shah
Partners:
- One Laptop Per Child
Wednesday, May 13, 2009
TYE Business Plan Competition Judges
The TYE Business Plan Competition is just around the corner and the TYE Team is proud to announce this year's impressive list of judges. As we have discussed before, if you are presenting, it would be a good idea to "understand your audience" by doing a little bit of reading (we've provided some biographies below). Students, best of luck on your finishing touches and let us know if you have any last minute questions. We are here to help!
• Anand Daniel, Senior Associate, Flybridge Capital Partners
Anand is a senior associate at Flybridge Capital Partners whose investment interests and expertise include semiconductor, telecommunication, wireless and energy-related technologies. He currently represents Flybidge Capital Partners as an observer on the boards of CHiL Semiconducter and Sciformix.
Anand joined the firm after completing his MBA at the MIT Sloan School of Management. While at Sloan, Anand was the managing director of the 9th Annual MIT VC Conference, co founder of the MIT VC Competition and an organizer of the first ever MIT Energy Conference. He led the team that won the prestigious International Venture Capital Investment Competition (1st out of 50+ teams). In addition, while at Sloan, Anand led a project with IDG Ventures India to analyze the Indian wireless value added services market.
Prior to Sloan, Anand spent several years in key engineering and project management positions at Intel Corporation. While at Intel he focused on semiconductor design and design automation for Intel's cutting-edge microprocessor products. He also worked for Intel Capital, where he helped formulate the strategy for investments in next generation high performance computing ecosystem.
• Oscar Jazdowski, Senior Vice President, Silicon Valley Bank
Oscar Jazdowski has spent over 25 years financing technology companies at all stages of development, from young venture-backed startups to large multinational companies. Jazdowski joined Silicon Valley Bank in 2002 as a senior relationship manager focused on the Boston software industry. Silicon Valley Bank is the pre-eminent bank providing innovative banking and financial products and services to emerging growth and middle-market technology companies, focusing primarily on venture-backed technology and life science companies and the venture capital community. Having started his career with Bank of Boston in the U.K., Jazdowski was transferred to Head Office in 1983 to join the High Technology Lending Group. Over the next 13 years he held various positions and was involved in financing young emerging, middle market and large corporate, public-traded technology companies.
Between 1989 and 1993, Jazdowski ran Bank of Boston’s Silicon Valley office in Palo Alto, Calif., where he oversaw the development of numerous relationships with prominent Silicon Valley technology companies. In 1996, Jazdowski started the East Coast Technology Group of Imperial Bank (now Comerica) in providing debt financing and other financial services to young, emerging, venturebacked companies. In 2000, Jazdowski opened and spent two years running the East Coast office for Sand Hill Capital in Boston, focused on providing short term bridge financing to venturebacked technology companies.
• Ajit Kambil, Global Research Director: CFO Program, Deloitte
Ajit Kambil is the Global Director of Deloitte Research where he leads global research initiatives enabling the creation and delivery of new management ideas, insights, and innovations to clients. In this role, he creates and nurtures new ways of looking at and solving problems. Ajit is also a Distinguished Scholar in Residence at Babson College. Prior to joining Deloitte, Ajit was a senior research fellow at Accenture's Institute for Strategic Change where he led diverse research initiatives in electronic commerce, innovation, supply chains and marketing. As faculty at New York University's Stern School of Business, he introduced electronic commerce into the MBA and executive programs, and led the National Science Foundation sponsored project that pioneered the dissemination of US corporate disclosures on the Internet in 1993. He has also served as an adviser to startups and venture capital.
Ajit is a public speaker on his varied research topics such as: globalization of R&D; venture investing in China; the opportunities and challenges created by aging populations; customer centric innovation; dynamic pricing, etc. He is widely published in leading business journals and magazines such as the Harvard Business Review, Sloan Management Review, Across the Board, Journal of Business Strategy and Management Science. As a leading expert on the design of electronic markets and auctions, Harvard Business School Press published his book (co-authored with Dr. Eric van Heck) - Making Markets: How to Profit from Online Auctions and Exchanges, in June 2002. He is also published in technology journals such as Communications of the ACM, IEEE Computer and the Journal of the American Society for Information Sciences. His technical research focused on combining human and machine intelligence to improve information retrieval and knowledge management in organizations.
Ajit earned a PhD in Management Information Technologies, Master of Science degrees in Technology and Policy, and Management Science and a Bachelor of Science degree in Electrical Engineering and Computer Science from MIT.
• Matthew Kleiman, Associate, Wilmer Hale
Matthew Kleiman is an associate in the WilmerHale Venture Group, and a member of the Technology Transactions and Licensing Practice Group. He joined the firm in 2006
Mr. Kleiman's practice focuses on general corporate law, with an emphasis on legal issues facing early stage life science and technology companies, and representing emerging and established clients in intellectual property licensing and other technology-related transactions.
While in law school, Mr. Kleiman worked for Duke University's Office of Licensing and Ventures and helped launch a biotechnology start-up company in Research Triangle Park, North Carolina. He also participated in the Duke Community Enterprise Clinic, where he provided corporate legal services to local non-profit organizations and low income entrepreneurs.
• Matt Lauzon, Founder & CEO, Paragon Lake
Matt Lauzon founded Paragon Lake in 2006 as a student at Babson College. Lauzon enrolled at Babson because of its reputation as the number one school in the world for entrepreneurship education and leveraged all the college had to offer while exploring various business opportunities. Paragon Lake was born when Lauzon and a fellow student uncovered a niche in the jewelry industry at the intersection of e-commerce and mass customization. Serving as co-founder and CEO, Lauzon took Paragon Lake from an idea incubating in a Babson dormitory to become an institutionally funded company in just two years.
Lauzon created a leadership team that includes industry veterans from both the software and jewelry spaces and built a national network of independent jewelers that use Paragon Lake’s proprietary platform to drive made-to-order sales in their stores. In addition to building the team and driving growth, Lauzon led the company through two rounds of institutional funding totaling over $6M in financing from Highland Capital Partners and Canaan Partners.
Lauzon earned a B.S. in Business Management from Babson College where he was an Arthur M. Blank Scholar. At Babson, he was named one of “America’s Top Entrepreneurs Under the Age of 25” by BusinessWeek, was the winner of the John H. Muller Jr. Business Plan Competition, and was awarded the Shelby Cullom Davis prize for social entrepreneurship.
• Anand Daniel, Senior Associate, Flybridge Capital Partners
Anand is a senior associate at Flybridge Capital Partners whose investment interests and expertise include semiconductor, telecommunication, wireless and energy-related technologies. He currently represents Flybidge Capital Partners as an observer on the boards of CHiL Semiconducter and Sciformix.Anand joined the firm after completing his MBA at the MIT Sloan School of Management. While at Sloan, Anand was the managing director of the 9th Annual MIT VC Conference, co founder of the MIT VC Competition and an organizer of the first ever MIT Energy Conference. He led the team that won the prestigious International Venture Capital Investment Competition (1st out of 50+ teams). In addition, while at Sloan, Anand led a project with IDG Ventures India to analyze the Indian wireless value added services market.
Prior to Sloan, Anand spent several years in key engineering and project management positions at Intel Corporation. While at Intel he focused on semiconductor design and design automation for Intel's cutting-edge microprocessor products. He also worked for Intel Capital, where he helped formulate the strategy for investments in next generation high performance computing ecosystem.
• Oscar Jazdowski, Senior Vice President, Silicon Valley Bank
Oscar Jazdowski has spent over 25 years financing technology companies at all stages of development, from young venture-backed startups to large multinational companies. Jazdowski joined Silicon Valley Bank in 2002 as a senior relationship manager focused on the Boston software industry. Silicon Valley Bank is the pre-eminent bank providing innovative banking and financial products and services to emerging growth and middle-market technology companies, focusing primarily on venture-backed technology and life science companies and the venture capital community. Having started his career with Bank of Boston in the U.K., Jazdowski was transferred to Head Office in 1983 to join the High Technology Lending Group. Over the next 13 years he held various positions and was involved in financing young emerging, middle market and large corporate, public-traded technology companies.Between 1989 and 1993, Jazdowski ran Bank of Boston’s Silicon Valley office in Palo Alto, Calif., where he oversaw the development of numerous relationships with prominent Silicon Valley technology companies. In 1996, Jazdowski started the East Coast Technology Group of Imperial Bank (now Comerica) in providing debt financing and other financial services to young, emerging, venturebacked companies. In 2000, Jazdowski opened and spent two years running the East Coast office for Sand Hill Capital in Boston, focused on providing short term bridge financing to venturebacked technology companies.
• Ajit Kambil, Global Research Director: CFO Program, Deloitte
Ajit Kambil is the Global Director of Deloitte Research where he leads global research initiatives enabling the creation and delivery of new management ideas, insights, and innovations to clients. In this role, he creates and nurtures new ways of looking at and solving problems. Ajit is also a Distinguished Scholar in Residence at Babson College. Prior to joining Deloitte, Ajit was a senior research fellow at Accenture's Institute for Strategic Change where he led diverse research initiatives in electronic commerce, innovation, supply chains and marketing. As faculty at New York University's Stern School of Business, he introduced electronic commerce into the MBA and executive programs, and led the National Science Foundation sponsored project that pioneered the dissemination of US corporate disclosures on the Internet in 1993. He has also served as an adviser to startups and venture capital.Ajit is a public speaker on his varied research topics such as: globalization of R&D; venture investing in China; the opportunities and challenges created by aging populations; customer centric innovation; dynamic pricing, etc. He is widely published in leading business journals and magazines such as the Harvard Business Review, Sloan Management Review, Across the Board, Journal of Business Strategy and Management Science. As a leading expert on the design of electronic markets and auctions, Harvard Business School Press published his book (co-authored with Dr. Eric van Heck) - Making Markets: How to Profit from Online Auctions and Exchanges, in June 2002. He is also published in technology journals such as Communications of the ACM, IEEE Computer and the Journal of the American Society for Information Sciences. His technical research focused on combining human and machine intelligence to improve information retrieval and knowledge management in organizations.
Ajit earned a PhD in Management Information Technologies, Master of Science degrees in Technology and Policy, and Management Science and a Bachelor of Science degree in Electrical Engineering and Computer Science from MIT.
• Matthew Kleiman, Associate, Wilmer Hale
Matthew Kleiman is an associate in the WilmerHale Venture Group, and a member of the Technology Transactions and Licensing Practice Group. He joined the firm in 2006Mr. Kleiman's practice focuses on general corporate law, with an emphasis on legal issues facing early stage life science and technology companies, and representing emerging and established clients in intellectual property licensing and other technology-related transactions.
While in law school, Mr. Kleiman worked for Duke University's Office of Licensing and Ventures and helped launch a biotechnology start-up company in Research Triangle Park, North Carolina. He also participated in the Duke Community Enterprise Clinic, where he provided corporate legal services to local non-profit organizations and low income entrepreneurs.
• Matt Lauzon, Founder & CEO, Paragon Lake
Matt Lauzon founded Paragon Lake in 2006 as a student at Babson College. Lauzon enrolled at Babson because of its reputation as the number one school in the world for entrepreneurship education and leveraged all the college had to offer while exploring various business opportunities. Paragon Lake was born when Lauzon and a fellow student uncovered a niche in the jewelry industry at the intersection of e-commerce and mass customization. Serving as co-founder and CEO, Lauzon took Paragon Lake from an idea incubating in a Babson dormitory to become an institutionally funded company in just two years.Lauzon created a leadership team that includes industry veterans from both the software and jewelry spaces and built a national network of independent jewelers that use Paragon Lake’s proprietary platform to drive made-to-order sales in their stores. In addition to building the team and driving growth, Lauzon led the company through two rounds of institutional funding totaling over $6M in financing from Highland Capital Partners and Canaan Partners.
Lauzon earned a B.S. in Business Management from Babson College where he was an Arthur M. Blank Scholar. At Babson, he was named one of “America’s Top Entrepreneurs Under the Age of 25” by BusinessWeek, was the winner of the John H. Muller Jr. Business Plan Competition, and was awarded the Shelby Cullom Davis prize for social entrepreneurship.
Friday, May 1, 2009
Let us know if you need help with presentation / pitch
Dear Students,
I am sure you all are working hard toward your final presentations.
If you feel that you need further help with your presentations or pitch, feel free to contact anyone of TYE team members. Our contact information is listed at the bottom of the page: http://tieyoungentrepreneurs.org/progoverview.php.
We are also planning to scheduling a get-together/workshop on Saturday, May 9th with students and mentors. I will post the event detail here as well as on the social website, http://bostontye.ning.com/, in next couple of days.
Good Luck.
Rajeev K Arora
TYE Team
I am sure you all are working hard toward your final presentations.
If you feel that you need further help with your presentations or pitch, feel free to contact anyone of TYE team members. Our contact information is listed at the bottom of the page: http://tieyoungentrepreneurs.org/progoverview.php.
We are also planning to scheduling a get-together/workshop on Saturday, May 9th with students and mentors. I will post the event detail here as well as on the social website, http://bostontye.ning.com/, in next couple of days.
Good Luck.
Rajeev K Arora
TYE Team
Thursday, April 16, 2009
"Mock Pitch" Judges Announced
Students, we have posted below our final list of the Mock Pitch judges. If you are so inclined, do some research so you "Know Your Audience." You may remember this happened to be one of the key lessons we learned about giving our elevator pitches!!! We recognize that you may be busy putting some final touches on your presentaions, so prioritize your time wisely... and see you tomorrow.
TYE Global Award Follow Up
A few months ago, we blogged about TYE's success at the TiE Global Awards. We have just now received some pictures from the ceremony, and you'll be pleased to see Geetha Ramamurthy accepting the "Most Innovative Program" honor from TiE Charter Members including TiE-Boston President Al Kapoor, TiE Global Trustee and former TiE-Atlanta President Chand Akkinenni, and TiE Global Trustee and former Microsoft executive Vijay Vashee. Congratulations to TYE again on its hard and dedicated work... and thank you to all of the students who have put in the blood, sweat, and tears into their innovative business plans. Keep up the good work TYE!!!
And here are some pictures of Vik Mehrota receiving the same award on behalf of Geetha back in 2007. He is seen with CK Prahalad, a management consultant, author, and the Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy at the University of Michigan Ross School of Business.
And here are some pictures of Vik Mehrota receiving the same award on behalf of Geetha back in 2007. He is seen with CK Prahalad, a management consultant, author, and the Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy at the University of Michigan Ross School of Business.
Saturday, March 28, 2009
Working Session 4: Your Ten Minute Presentations
We are into the thick of business plan writing... congratulations to all teams on their progress thus far! Today, all of you will present your businesses to the TYE Executive Team. We will focus on your progress against our four major milestones. We may ask you some tough questions, but don't worry, we are here to help. This is NOT American Idol... we've saved that opportunity for the mock presentation and the final pitch... more details to come soon. As always, any questions, just ask!
Friday, March 27, 2009
Welcoming the Newest Additions to the TYE Team
It is with great pleasure that we welcome the newest addition to the TYE Executive Committee, Roma Mayur and Shantanu Dhaka. They will be focused on the area of student recruitment, community outreach, and sponsorship. If you have any ideas, feel free to reach out.
• Roma Mayur, Vice President, Cambridge Trust Company
Roma is Vice President at Cambridge Trust Company, a Community Bank that provides retail, commercial and wealth management services. She has been with Cambridge Trust Company for over 20 years. Roma works as a commercial lender and relationship manager at the Bank. She works with a multitude of clients ranging from small businesses , corporations to not for profits in assisting them to meet their financial needs. For the past several years Roma has been actively involved in community service in Cambridge and Sommerville. She currently serves on the Board of Sommerville Cambridge Elder Services Inc. which has over 30 programs to meet all types of needs of the elderly. She is also active on the Board of Collaborative for Development Action Inc. (CDA) which is committed to improving and providing humanitarian assistance and engaging in peace initiatives internationally. Roma is a member of the Women In Business Committee of the Cambridge Chamber of Commerce and an active supporter of Project Bread / walk for hunger which is dedicated to preventing and ending hunger in Massachusetts.
MSW , Tata Institute of Social Sciences India
BA , Psychology, University of Bombay, India
• Shantanu Dhaka, Associate, Staley Capital
Shantanu Dhaka is an Associate at Staley Capital, where he evaluates investments in technology-enables business services companies focusing on digital media and advertising, clean technology, and education. Prior to joining Staley Capital, he worked as an Analyst on the investment banking team at Jefferies Broadview, where he focused on mergers and acquisition of small to mid-sized companies in the technology industry. While at Jefferies Broadview, Shantanu advised companies and private equity firms on strategic acquisitions, sales, recapitalizations and buyouts in the digital media and application software industries.
Shantanu received an A.B. in Applied Mathematics and Economics from Harvard University. He is also a former professionally world-ranked tennis player and a member of the Harvard Varsity tennis team.
• Roma Mayur, Vice President, Cambridge Trust Company
Roma is Vice President at Cambridge Trust Company, a Community Bank that provides retail, commercial and wealth management services. She has been with Cambridge Trust Company for over 20 years. Roma works as a commercial lender and relationship manager at the Bank. She works with a multitude of clients ranging from small businesses , corporations to not for profits in assisting them to meet their financial needs. For the past several years Roma has been actively involved in community service in Cambridge and Sommerville. She currently serves on the Board of Sommerville Cambridge Elder Services Inc. which has over 30 programs to meet all types of needs of the elderly. She is also active on the Board of Collaborative for Development Action Inc. (CDA) which is committed to improving and providing humanitarian assistance and engaging in peace initiatives internationally. Roma is a member of the Women In Business Committee of the Cambridge Chamber of Commerce and an active supporter of Project Bread / walk for hunger which is dedicated to preventing and ending hunger in Massachusetts.MSW , Tata Institute of Social Sciences India
BA , Psychology, University of Bombay, India
• Shantanu Dhaka, Associate, Staley Capital
Shantanu Dhaka is an Associate at Staley Capital, where he evaluates investments in technology-enables business services companies focusing on digital media and advertising, clean technology, and education. Prior to joining Staley Capital, he worked as an Analyst on the investment banking team at Jefferies Broadview, where he focused on mergers and acquisition of small to mid-sized companies in the technology industry. While at Jefferies Broadview, Shantanu advised companies and private equity firms on strategic acquisitions, sales, recapitalizations and buyouts in the digital media and application software industries.Shantanu received an A.B. in Applied Mathematics and Economics from Harvard University. He is also a former professionally world-ranked tennis player and a member of the Harvard Varsity tennis team.
Wednesday, March 25, 2009
Working Session 4 is Almost Here...
Students, Working Session 4 is just around the corner... please be prepared to update us with your latest status this Saturday!
For some inspiration, we've posted a story on the famous "flying car" called the Terrafugia... "... the company is spinning the vehicle as a convenient option for pilots who want to be able to fly to any airport—say, Martha’s Vineyard—and then be able to drive to their final destination without having to rent a car separately." What do you think?
And here are some lessons from the "king of customer development," courtesy of VentureHacks.
For some inspiration, we've posted a story on the famous "flying car" called the Terrafugia... "... the company is spinning the vehicle as a convenient option for pilots who want to be able to fly to any airport—say, Martha’s Vineyard—and then be able to drive to their final destination without having to rent a car separately." What do you think?
And here are some lessons from the "king of customer development," courtesy of VentureHacks.
Customer Development 1: Introduction
View more presentations from Venture hacks .
Wednesday, March 18, 2009
Introducing the 2009 TYE Mentors... Welcome!
Students, please join the TYE co-chairs in welcoming the 2009 TYE Mentors. We have been overwhelmed by the amount of support in the local community, and we would like to thank everyone who has been involved. Of course, every team is allowed to seek advice and mentorship from any and all sources; however, we would like to remind you that your mentor should be able to help with any burning questions you may have. Please be respectful of their time and their advice. We have hyperlinked each name to a professional summary.
Take note of the mentors' use of LinkedIn, the online professional social network. During Marketing I, Brad Coffey helped all of us to understand the importance of "managing your brand." Each and every one of you should be signed up on LinkedIn (and other social networking and microblogging sites such as Facebook and Twitter) so that you can promote your products and services through word of mouth for free! If you need any help or advice, don't hesitate to ask.
• Rajesh Nair, Degree Control Inc.
• Raj Melville, Ambient Engines
• Shobhit Chugh, Manhattan Associates
• Ken Baughman, RBM Technologies
• Angela Chen, Harvard Medical School / Dana Farber
• Balakrishna Venkatrao, CA
• Vivek Sharma, Thomas Lee Partners
• Praveen Sahay, Wave Capital Partners
• Stanley Curtis, Kronos
• Ajay Bam, Nokia
• Ravi Sharma, Ember
• Shantanu Dhaka, Staley Capital
• Devesh Senapati, Bain Capital
Take note of the mentors' use of LinkedIn, the online professional social network. During Marketing I, Brad Coffey helped all of us to understand the importance of "managing your brand." Each and every one of you should be signed up on LinkedIn (and other social networking and microblogging sites such as Facebook and Twitter) so that you can promote your products and services through word of mouth for free! If you need any help or advice, don't hesitate to ask.• Rajesh Nair, Degree Control Inc.
• Raj Melville, Ambient Engines
• Shobhit Chugh, Manhattan Associates
• Ken Baughman, RBM Technologies
• Angela Chen, Harvard Medical School / Dana Farber
• Balakrishna Venkatrao, CA
• Vivek Sharma, Thomas Lee Partners
• Praveen Sahay, Wave Capital Partners
• Stanley Curtis, Kronos
• Ajay Bam, Nokia
• Ravi Sharma, Ember
• Shantanu Dhaka, Staley Capital
• Devesh Senapati, Bain Capital
Please note that we may experience some changes on this list as teams and ideas are being finalized. If you have a mentor you would like to suggest, please let Hooman know ASAP.
Saturday, March 7, 2009
Live from TYE Working Session 2
Students, by now you are well underway to developing your companies... congratulations on your progress thus far. We will post some information about all of your mentors and about your soon-to-be competition judges... Stay tuned!
Thursday, February 12, 2009
Start Your Engines! TYE Dates Going Forward
The TYE Leadership Team has confirmed the following milestones for the remainder of the 2008-09 TYE Program. Please mark your calendars accordingly.Important Dates
- $10,000 Business Plan Competition Winners Announcement @ TiECON East – May 21, 2009
- Final Presentation Date: May 16, 2009
- Mock Presentation Date: April 17, 2009 (10 Weeks Away)
Complete Team Selection – February 14, 2009
- E-mail your Team Information to Hooman Hodjat (hhodjat@gmail.com)
- Share your Top 3 Ideas (1 Paragraph Description of Product or Service)
- If not in a team, e-mail your areas of interest
Milestone 1 – Define your product/service – February 28, 2009
- Complete Opportunity Assessment / SWOT
- Complete Market Research (Identify Target Market, Define Market Size, Competition)
- There will be a work session at 930 Winter Street on February 28, 2009 9-12 pm
Milestone 2 – Develop Marketing Strategy – March 7, 2009
- Define Value Propositions – Cost Benefit Analysis
- Develop Marketing Plan to Reach target customers
- Develop Revenue (Business) Model
- There will be a work session at 930 Winter Street on March 7, 2009 9-12 pm
Milestone 3 – Develop Financial Plan – March 21, 2009
- Build Income Statement
- Define Cash Requirements – How much and for what? (Simple Cash Flow Model)
- There will be a work session at 930 Winter Street on March 21, 2009 9-12 pm
- Executive Summary
- Opportunity Definition
- Market Size
- Team (Background, Experience, Interest, Responsibility)
- Revenue Model
- Financial Statement (Income Statement)
- Competition
- There will be a work session at 930 Winter Street on March 28, 2009 9-12 pm
Milestone 6 – Final Business Plan and Presentation – May 16, 2009
Wednesday, February 11, 2009
Live from Business Models & Law
Thanks to Gautam Gupta and Bill Loginov for coming to class to teach on the subjects of business models and law. We've embedded their bios and presentations below, and as always, have posted the class agenda and teaching materials on the social network.
• Gautam Gupta, Associate, General Catalyst Partners
Gautam joined General Catalyst from Procter and Gamble, where he analyzed brand strategy and consumer preferences in the Consumer Market Knowledge group of Procter and Gamble's North American Fabric Care business unit. Prior to that, he worked closely with the sales and marketing groups at Wireless Services Corporation and CTV Live on Campus, during his studies at Babson College. At General Catalyst, Gautam focuses on investments in new and existing technology businesses. Gautam received a B.S. in Business Administration from Babson College, with a concentration in
Entrepreneurial Studies.
• William A. Loginov, Principal Attorney, Loginov & Associates, PLLC
With over 20 years of experience in field of intellectual property law, Bill Loginov is a registered patent attorney who specializes in the laws and processes for securing world-wide patent protection. Before establishing his own firm, he was Managing Partner of the Boston intellectual property firm, Cesari and McKenna, LLP, and subsequently head of the Patent Group at the New England firm Hinckley, Allen and Snyder, LLP. ted to the bars of New Hampshire, Massachusetts and before the US Patent and Trademark Office (USPTO), his practice focuses on representation of clients before the USPTO in preparation and prosecution of patents and trademarks, as well as the preparation of due diligence studies, performing patent infringement analysis, and rendering patentability opinions for clients in a number of technical fields including the mechanical arts, medical devices, materials, electro-mechanical systems, electronics and computer software and methods. He has substantial experience in securing and the enforcement of patent rights world-wide, and works closely with a number of US-based and international patent litigation attorneys. He also advises and represents clients in the areas of trade secrets, licensing of intellectual property, artists representation and related matters. His clients represent a wide range of public and private corporations, leading research universities and hospitals, start-up enterprises and entrepreneurial individuals. He received his Bachelor’s degree in Engineering from Dartmouth College in 1985 and his Juris Doctor from the Cornell Law School in 1988. Bill is a frequent guest lecturer on intellectual property matters at the Dartmouth Tuck School of Business and Thayer School of Engineering as well as the Rhode Island School of Design. He has authored numerous articles on intellectual property, and coauthored two recent books on intellectual property issues available through the Aspertore label of West Publishing and is conversant in the Russian language.
Here are some links to the documents Bill went over:
Invention Report
Provisional Application
Patent FAQ
• Gautam Gupta, Associate, General Catalyst Partners
Gautam joined General Catalyst from Procter and Gamble, where he analyzed brand strategy and consumer preferences in the Consumer Market Knowledge group of Procter and Gamble's North American Fabric Care business unit. Prior to that, he worked closely with the sales and marketing groups at Wireless Services Corporation and CTV Live on Campus, during his studies at Babson College. At General Catalyst, Gautam focuses on investments in new and existing technology businesses. Gautam received a B.S. in Business Administration from Babson College, with a concentration in
Entrepreneurial Studies.
Business Models: Gautam Gupta
View more presentations from lpnoonan.
• William A. Loginov, Principal Attorney, Loginov & Associates, PLLC
With over 20 years of experience in field of intellectual property law, Bill Loginov is a registered patent attorney who specializes in the laws and processes for securing world-wide patent protection. Before establishing his own firm, he was Managing Partner of the Boston intellectual property firm, Cesari and McKenna, LLP, and subsequently head of the Patent Group at the New England firm Hinckley, Allen and Snyder, LLP. ted to the bars of New Hampshire, Massachusetts and before the US Patent and Trademark Office (USPTO), his practice focuses on representation of clients before the USPTO in preparation and prosecution of patents and trademarks, as well as the preparation of due diligence studies, performing patent infringement analysis, and rendering patentability opinions for clients in a number of technical fields including the mechanical arts, medical devices, materials, electro-mechanical systems, electronics and computer software and methods. He has substantial experience in securing and the enforcement of patent rights world-wide, and works closely with a number of US-based and international patent litigation attorneys. He also advises and represents clients in the areas of trade secrets, licensing of intellectual property, artists representation and related matters. His clients represent a wide range of public and private corporations, leading research universities and hospitals, start-up enterprises and entrepreneurial individuals. He received his Bachelor’s degree in Engineering from Dartmouth College in 1985 and his Juris Doctor from the Cornell Law School in 1988. Bill is a frequent guest lecturer on intellectual property matters at the Dartmouth Tuck School of Business and Thayer School of Engineering as well as the Rhode Island School of Design. He has authored numerous articles on intellectual property, and coauthored two recent books on intellectual property issues available through the Aspertore label of West Publishing and is conversant in the Russian language.
Law: Bill Loginov
View more presentations from lpnoonan.
Here are some links to the documents Bill went over:
Invention Report
Provisional Application
Patent FAQ
Saturday, January 31, 2009
Live from Marketing II
We are live from Marketing II, where we had just heard from our speaker and teacher... and they were excellent. We have also just selected out teams and team names. Of course, teams and names and can be modified and we still need to figure out which teams Akash, Divya, and Abhinay will join (if not create their own). Presentations from the session are posted below.
We also covered a fascinating Harvard Business School case study called "Creative Selection at Mountain Dew." We evaluated five different "spots" and chose which advertisment fit best with the PepsiCo strategy. In case you are interested, these are the actual commercials that aired during the 2000 Super Bowl.
- INFIS: Rahul Shah, Neil Cholli, Rohit Malrani
- UNCLE SAM: Harika, Aishwarya, Saniya
- PRESTIGE WORLDWIDE: Seshu Kandukuri, Nikhil Srinivasan, Birin Padam
- TYEGERS: Muneeba Syed, Swati Sharma
- MAAS EFFECT: Mayank Dubey, Malhar Teli, Anirudh Mahajan, Avvinash Radakrishnan, Sanip Desai
- SHRULEERA: Lekha Puri, Shruti Nayar, Meera Nair
- SMARTSCRAPE: Naman Bharadwaj, Vishrut Gupta, Rajat Goel, Goutam Sudhir
- UCORP: Prateek Sahay, Vibhor Sharma, Akhil Tandon
- MIDNIGHT REQUISITION: Kanav, Maritha, Iha
- KNOWLEDGE GENERATION BUSINESS (KGB): Micaela Garrison-Desany, Christina Teodorescu, Christopher Earls, Hailey Pirovich
Marketing II: Indu Isaacs
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Marketing II: Zuby Singh on Break Even Analysis
View more presentations from lpnoonan.
We also covered a fascinating Harvard Business School case study called "Creative Selection at Mountain Dew." We evaluated five different "spots" and chose which advertisment fit best with the PepsiCo strategy. In case you are interested, these are the actual commercials that aired during the 2000 Super Bowl.
Thursday, January 29, 2009
Marketing II: Speaker Biographies
We have an exciting session planned for this Saturday, with Indu Isaacs and Zuby Singh coming in to help us learn a little bit more about marketing. We have also planned to review a very interesting marketing case study. Make sure to read more about it below.
• Speaker: Indu Isaacs, CEO, Formatech
Indu J. Isaacs, Ph.D., CEO and Co-founder of Formatech, has a Ph.D. in Chemistry from University of Oklahoma. Prior to Formatech, Dr. Isaacs, has held both scientific and management positions at Genetics Institute in Andover, Abbott Biotech in Needham, and Cambridge Neurosciences in Cambridge. Formatech, Inc., a 11 year old Massachusetts Corp, is focused on providing quality contract services to the biotechnology and pharmaceutical industries. Through innovative product development and quality CGMP aseptic manufacturing capabilities, Formatech strives to assist in bringing new and novel therapies to the market. Formatech commits itself to the highest standards of integrity, service and customer commitment to its clients and its employees. Formatech, Inc. began its operations originally in Lowell in the Wannalancit Building, a renovated old mill. Company grew steadily from its initial 1,500 sqft of lab space to 8,500 in 1999. In 2000, the company relocated to Andover Business Park in Andover where it currently occupies 35,000 sqft and employs a staff of 55. Since its inception, the Company has maintained an aggressive marketing and business development program and serves clients in the United States, Japan, Israel, Australia, Europe and Canada.
• Teacher: Zuby Singh, L-1 Identity Solutions
Zuby is a seasoned professional with more than 15 years of experience across industry sectors including: Technology, Insurance, Retail, and Consulting for various sized businesses. Zuby’s profile consists of special competencies with regards to industry-specific strategies, vendor/program management, web/client-server applications, and governance/process improvements. In her current role, Zuby is responsible for establishing organizational standards/processes and 6 sigma initiatives encouraging savings and efficiencies while utilizing best practices and innovative methodologies. Prior to joining L-1, Zuby worked for several well-known companies including Electric Insurance (consolidated affiliate of GE), marchFIRST (formerly Whittman Hart), Arthur Anderson, The May Company (Filene’s and Hecht’s), Bradlees, etc.
Outside of work Zuby is involved with the Boston Chapter of APICS [Advancing Productivity, Innovation, and Competitive Success], a globally recognized non-profit organization and association for operations management serving the manufacturing and service industries with over 43,000 individuals from 15,000 companies worldwide-across nearly all industries. Zuby serves as a board member and has held several VP and Director Positions in Marketing and Publicity since 2000.
• Harvard Business School Mountain Dew Case Study
With the Super Bowl just around the corner, we thought it might be nice to have a special case study devoted to Super Bowl advertisements. The Super Bowl is not just about football, with the TV commericals to be shown during the game as much the subject of anticipation and speculation. No wonder, then, that in the past 20 years Super Bowl ads has translated into $1.84 billion of network sales, from over 200 different advertisers, according to TNS Media Intelligence. Check out the link here to learn more about Super Bowl advertising spend in 2008 -- we can expect that it will likely be very different in 2009.
For our class, we will review a Harvard Business School case study based on a real-life example with the executives at Mountain Dew. You, the students, wil choose which of the following five advertisements is the best for Mountain Dew's marketing strategy.
• Speaker: Indu Isaacs, CEO, Formatech
Indu J. Isaacs, Ph.D., CEO and Co-founder of Formatech, has a Ph.D. in Chemistry from University of Oklahoma. Prior to Formatech, Dr. Isaacs, has held both scientific and management positions at Genetics Institute in Andover, Abbott Biotech in Needham, and Cambridge Neurosciences in Cambridge. Formatech, Inc., a 11 year old Massachusetts Corp, is focused on providing quality contract services to the biotechnology and pharmaceutical industries. Through innovative product development and quality CGMP aseptic manufacturing capabilities, Formatech strives to assist in bringing new and novel therapies to the market. Formatech commits itself to the highest standards of integrity, service and customer commitment to its clients and its employees. Formatech, Inc. began its operations originally in Lowell in the Wannalancit Building, a renovated old mill. Company grew steadily from its initial 1,500 sqft of lab space to 8,500 in 1999. In 2000, the company relocated to Andover Business Park in Andover where it currently occupies 35,000 sqft and employs a staff of 55. Since its inception, the Company has maintained an aggressive marketing and business development program and serves clients in the United States, Japan, Israel, Australia, Europe and Canada.• Teacher: Zuby Singh, L-1 Identity Solutions
Zuby is a seasoned professional with more than 15 years of experience across industry sectors including: Technology, Insurance, Retail, and Consulting for various sized businesses. Zuby’s profile consists of special competencies with regards to industry-specific strategies, vendor/program management, web/client-server applications, and governance/process improvements. In her current role, Zuby is responsible for establishing organizational standards/processes and 6 sigma initiatives encouraging savings and efficiencies while utilizing best practices and innovative methodologies. Prior to joining L-1, Zuby worked for several well-known companies including Electric Insurance (consolidated affiliate of GE), marchFIRST (formerly Whittman Hart), Arthur Anderson, The May Company (Filene’s and Hecht’s), Bradlees, etc.Outside of work Zuby is involved with the Boston Chapter of APICS [Advancing Productivity, Innovation, and Competitive Success], a globally recognized non-profit organization and association for operations management serving the manufacturing and service industries with over 43,000 individuals from 15,000 companies worldwide-across nearly all industries. Zuby serves as a board member and has held several VP and Director Positions in Marketing and Publicity since 2000.
• Harvard Business School Mountain Dew Case Study
With the Super Bowl just around the corner, we thought it might be nice to have a special case study devoted to Super Bowl advertisements. The Super Bowl is not just about football, with the TV commericals to be shown during the game as much the subject of anticipation and speculation. No wonder, then, that in the past 20 years Super Bowl ads has translated into $1.84 billion of network sales, from over 200 different advertisers, according to TNS Media Intelligence. Check out the link here to learn more about Super Bowl advertising spend in 2008 -- we can expect that it will likely be very different in 2009.
For our class, we will review a Harvard Business School case study based on a real-life example with the executives at Mountain Dew. You, the students, wil choose which of the following five advertisements is the best for Mountain Dew's marketing strategy.
Tuesday, January 20, 2009
TYE Alumni Profile: Mark Bao
We are thrilled to have a great group of TYE Alumni and from time to time, we'll profile a select few to let you know what kind of progress they are making. Today's entrepreneur in the spotlight is Mark (aka Steven) Bao. Mark is 16-year-old web, software and advertising entrepreneur, and is the President & CEO of Avecora.He also works at DebateWare.com, a software consultancy firm, that offers its main product DebateNet, a debate organization and event management system. It has provided consulting for customers including the Junior State of America.
Mark is also the Co-Founder and Chief Technology Officer at TickrTalk, a stealth consumer web startup founded in 2008. Mark has also developed several Facebook apps, one of which was sold to Lee Lorenzen at Altura Ventures. Afterwards, with two marketing partners, he developed the application Facebook Idol, which was sold to a private investor in October 2007.
He also is the owner of AdSocial (formerly Cadmium), the targeted social application advertising network available for developers of social applications and advertisers, that extends the social advertising graph to the web, by aggregating social network profile information and targeting advertisements around the web.
Saturday, January 10, 2009
Live from Finance II (& Social Entrepreneurship)
We're live from Finance II and we've just heard presentations from Raj Melville, Lotika Shaunik Paintal, and now we're learning from Vivek Sharma... we'll post the presentations as soon as we get them... also, look out for the flying toilet video! The updated class documents will be posted to the social network very soon.
Finance II: Lotika Shaunik Paintal
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Finance II: Raj Melville
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Thursday, January 8, 2009
Finance II: Speaker Biographies
Welcome back TYE Students! We hope you all had relaxing breaks and a chance to catch up on some sleep... you are going to need energy for the Business Plan Competition that is roughly 5 months away. We would like to introduce you to this week's highly inspirational speakers and teachers for our Finance II class. The latest agenda has been posted to our social network.
• Speaker: Raj Melville, Principal, Ambient Engines
Raj Melville has over 25 years of product management, marketing and consulting experience at four start-ups, and several larger organizations. He currently provides marketing and strategy consulting services to emerging social entrepreneurs focused on building bottom of pyramid solutions. Some of his previous responsibilities included managing the overall product strategy and features for nTAG Interactive, a spin off from the MIT Media Lab; marketing and product management direction at mobile software vendor Vaultus; directing product management at Be Free Inc. (now Valueclick), a market leading affiliate marketing e-commerce solution; and managing the launch of two highend Internet server products at Electronic Book Technologies (later acquired by Inso). His early career included stints at Microsoft Corp., Digital Equipment Corporation, and Booz Allen Hamilton. Raj has an undergraduate engineering degree from the Indian Institute of Technology, a M.S. and D.Sc. in Engineering from MIT, and a M.S. in Management from the Sloan School at MIT.
• Speaker: Lotika Shaunik Paintal, Founder & Executive Director, Water Centric
Lotika Shaunik Paintal is the founder and executive Director of Water Centric (WC), a social entrepreneurial nonprofit, based in Lexington, MA. WC was recently launched, in February 2008, with the aim of bringing water, sanitation and hygiene education to needy schools in the developing world. Water Centric has started work in 10 urbanslum schools in Delhi, India, which serve about 10,000 children. It has an ambitious vision to reach over 15,000 needy schools and 3 million children in the next ten years. Lotika’s interest in the near crisis situation of clean water and sanitation heightened while part of an exploratory 5–person team at the William J. Clinton Foundation that researched these issues in detail, visited eight countries, and was charged with proposing how the foundation could make a strategic contribution in the field. Lotika has worked in international development for over 12 years. She served as Deputy Director of the Regional Program Department for Oxfam America and as a senior program officer for World Education’s Asia Division. She has also worked for Education Development Center and Conflict Management Group in the Boston area. Lotika has an M Ed. with a focus on International Development from Harvard University, a MA in Intercultural Relations from Lesley University, and a graduate degree in Molecular Biology from the Sorbonne-France. Lotika lives in Lexington, MA with her husband and two teenage children Outside of work, she loves sailing and scuba diving (in warm waters), exploring new places and ideas, reading and long bicycle rides.
Link to latest "Water Centric" update: http://www.watercentric.org/mailer/index.html
Link to a description with photos of a typical water centric school: http://www.watercentric.org/delhistatus.html
• Teacher: Vivek Sharma, Director, THL Partners
Vivek Sharma is a Director with THL Partners a Boston based private equity firm. In his current role Vivek is responsible for working with THL’s Portfolio companies to identify value creation opportunities and assist the leadership of these companies in executing these opportunities. Vivek’s focus has been to identify large restructuring and /or cost optimization opportunities and ensuring successful execution of these opportunities by working closely with the Board and management of these companies. Prior to THL Vivek was Vice President Finance and Business Processes for Alstom Power in Baden, Switzerland. At Alstom, Vivek was responsible for Global Standardization and Integration of Business Processes and Systems. Prior to Alstom, Vivek worked with Advanced Micro Devices as Group Controller, Finance and Global Internal Controls. At AMD, he was responsible for Global Internal Controls including Sarbanes Oxley, Financial Services, Operations Finance and Process improvements. Vivek also worked for Motorola Semiconductors and held various positions in Finance Systems, Global Treasury and Financial Services organizations. Vivek has over 15 years of Global Management experience and is a Chartered Accountant from India, Certified Public Accountant and also has a Masters Degree in International Business from Thunderbird. Vivek has been featured in several finance magazines and has been listed as ‘100 Most Influential People in Finance’ by Treasury and Risk Management Magazine.
• Speaker: Raj Melville, Principal, Ambient Engines
Raj Melville has over 25 years of product management, marketing and consulting experience at four start-ups, and several larger organizations. He currently provides marketing and strategy consulting services to emerging social entrepreneurs focused on building bottom of pyramid solutions. Some of his previous responsibilities included managing the overall product strategy and features for nTAG Interactive, a spin off from the MIT Media Lab; marketing and product management direction at mobile software vendor Vaultus; directing product management at Be Free Inc. (now Valueclick), a market leading affiliate marketing e-commerce solution; and managing the launch of two highend Internet server products at Electronic Book Technologies (later acquired by Inso). His early career included stints at Microsoft Corp., Digital Equipment Corporation, and Booz Allen Hamilton. Raj has an undergraduate engineering degree from the Indian Institute of Technology, a M.S. and D.Sc. in Engineering from MIT, and a M.S. in Management from the Sloan School at MIT.• Speaker: Lotika Shaunik Paintal, Founder & Executive Director, Water Centric
Lotika Shaunik Paintal is the founder and executive Director of Water Centric (WC), a social entrepreneurial nonprofit, based in Lexington, MA. WC was recently launched, in February 2008, with the aim of bringing water, sanitation and hygiene education to needy schools in the developing world. Water Centric has started work in 10 urbanslum schools in Delhi, India, which serve about 10,000 children. It has an ambitious vision to reach over 15,000 needy schools and 3 million children in the next ten years. Lotika’s interest in the near crisis situation of clean water and sanitation heightened while part of an exploratory 5–person team at the William J. Clinton Foundation that researched these issues in detail, visited eight countries, and was charged with proposing how the foundation could make a strategic contribution in the field. Lotika has worked in international development for over 12 years. She served as Deputy Director of the Regional Program Department for Oxfam America and as a senior program officer for World Education’s Asia Division. She has also worked for Education Development Center and Conflict Management Group in the Boston area. Lotika has an M Ed. with a focus on International Development from Harvard University, a MA in Intercultural Relations from Lesley University, and a graduate degree in Molecular Biology from the Sorbonne-France. Lotika lives in Lexington, MA with her husband and two teenage children Outside of work, she loves sailing and scuba diving (in warm waters), exploring new places and ideas, reading and long bicycle rides.Link to latest "Water Centric" update: http://www.watercentric.org/mailer/index.html
Link to a description with photos of a typical water centric school: http://www.watercentric.org/delhistatus.html
• Teacher: Vivek Sharma, Director, THL Partners
Vivek Sharma is a Director with THL Partners a Boston based private equity firm. In his current role Vivek is responsible for working with THL’s Portfolio companies to identify value creation opportunities and assist the leadership of these companies in executing these opportunities. Vivek’s focus has been to identify large restructuring and /or cost optimization opportunities and ensuring successful execution of these opportunities by working closely with the Board and management of these companies. Prior to THL Vivek was Vice President Finance and Business Processes for Alstom Power in Baden, Switzerland. At Alstom, Vivek was responsible for Global Standardization and Integration of Business Processes and Systems. Prior to Alstom, Vivek worked with Advanced Micro Devices as Group Controller, Finance and Global Internal Controls. At AMD, he was responsible for Global Internal Controls including Sarbanes Oxley, Financial Services, Operations Finance and Process improvements. Vivek also worked for Motorola Semiconductors and held various positions in Finance Systems, Global Treasury and Financial Services organizations. Vivek has over 15 years of Global Management experience and is a Chartered Accountant from India, Certified Public Accountant and also has a Masters Degree in International Business from Thunderbird. Vivek has been featured in several finance magazines and has been listed as ‘100 Most Influential People in Finance’ by Treasury and Risk Management Magazine.
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