Announcements
VCIC! The game is on!
This week we will be hosting an intense series of training sessions for the VCIC competition. All teams wishing to participate in this year's competition must be represented at the training sessions. At the training sessions, we will be reviewing our earlier sessions on valuation and term sheets, discussing the details of the competition, providing tips and guidelines, and distributing a business plan to be analyzed for Thursday's mock competition with a real VC judge.
We have received many emails about people desiring to compete in the VCIC competition who are still looking for teams. All people wishing to participate in VCIC should register themselves on this spreadsheet.
https://spreadsheets.google.com/ccc?key=0Am_3P5GXFQ96dGlncDZORExHWFZ6a3djZnVOTWlScVE&hl=en&authkey=CJenyvgP
Many people on this spreadsheet are still unaffiliated with a team. Now is the time to make friends and form a team.
Past participants note: Unless you have been to the regional competition, you are still eligible to compete. You can compete in the Babson competition as many times as you want.
Here are the details on this weeks training sessions. Good luck!
VCIC 101 - Tuesday, Feb 1st: 2:00-3:30pm - Olin 102
This event will be an intense training session for Babson's VCIC competition on Feburary 12th. We will be issuing a sample business plan for analysis and covering term sheet strategies, including key terms, business analysis, and valuation techniques. Think of this as a crash course combining topics we have covered in the past but in a VCIC format.
VCIC Mock Competition and Registration - Thursday, Feb 3rd: 4:30pm-6:30pm - Olin 102
Joining us is Babson's own Yumin Choi, Senior Associate at HLM Ventures Partners, who will be walking us through his approach to Tuesday's sample business plan. Between Tuesday and Thursday, teams are asked to prepare term sheets on the sample business for a live discussion and comparison with Yumin. This will not only simulate the VCIC event, but will give students direct interaction with a VC - the best form of VCIC preparation. All teams are asked to be present in order to sign NDAs and register for February 12th.
***The winning team on February 12th can expect one of a kind interactions with the club's VC advisors in addition to coaching and advice in preparation for the regional event.
VCIC Competition - Saturday, Feb 12th: 8am-5pm - Olin Auditorium
The Big Show. Teams will be presented business plans the night before. Saturday morning, the companies will present their investor pitches. After a short break each team will have the opportunity to interview each entrepreneur. After interviews are completed, the teams will choose a company in which to invest and write up a termsheet. Each team will then have fifteen minutes to negotiate their term sheet with the entrepreneur. At the conclusion of negotiations, the VCs, who will be watching all of the days proceedings, will question the team on its actions throughout the day. They will then provide some brief feedback. Once all teams have finished, general feedback will be given and a winner will be announced. The winner will go onto the regional competition.
If you know anyone who is interested in the club, anyone can join our mailing list by sending a blank email to join-bvcpe@listserv.babson.edu
Upcoming Events
Follow all of BVCPE clubs events at our Google Calendar and our Life @ Babson page.
http://www.google.com/calendar/embed?src=d1rtihf4el3sptonck8n7fm1hc%40group.calendar.google.com&ctz=America/New_York
and
https://life.babson.edu/organization/babson-venture-capital-private-equity-
________________________________________
VCIC Bootcamp: Tuesday, January 1st @ 3:00pm - Olin 101
It was a long break, so get back in the groove or bring the rest of your team up to speed with VCIC Bootcamp. We will cover everything you need to know in one intense session, recovering valuations, term sheets, and more.
VCIC Mock Competition with Yumin Choi: Thursday, February 3rd @ 4:00pm - Olin 202
Your first chance to test your mettle against real VCs. Analyze a company with your team and then be judged by a real VC, Yumin Choi. Yumin is a senior associate at HLM Ventures, a Board member of The Capital Network, and fellow Beaver. This is the best practice for the actual competition you will get. Bask in glory or suffer the agony of defeat as you face your first test. (Although probably the latter. This is mainly for the entertainment of the club leadership.)
VCIC Internal Competition: Saturday, February 12th @ 8am-5pm - Olin Auditorium
This is Babson's internal VCIC competition. The winner will go onto face teams like MIT and Tuck in the regionals before traveling to UNC for the nationals. Last year's team won the entrepreneur's choice award, but first place eluded them. Are you ready to bring home the gold for the Beavers this year?
(The Funded will take a break this week for VCIC Training.)
The Funded - The Series: Wednesdays @ 4:30pm - Olin 101
The Funded will feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. Here is a glance of the participants so far:
• Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide
• Techstar's Katie Rae along with one of Techstar's companies
• Flybridge Capital's Matt Witheiler and GamerDNA's & Disruptor Beam's Jon Radoff
If you have a company or funder you would like to bring to campus, let us know!
Other Events
Know of an event that you don't see listed? Email me at arthurawaton@gmail.com
For more events in the Boston startup scene, check out Greenhorn Connect, at http://greenhornconnect.com/events/calendar
and for help paying all those registration fees, visit Stay in MA, at http://www.stayinma.com/home
________________________________________
Babson 8th Annual Healthcare & Life Sciences Industry Forum: Our Health, Our Business: February 10, 2011 - Olin
Event Highlights:
• Paul Levy, President and CEO, Beth Israel Deaconess Medical Center as morning keynote
• Elizabeth Tallett, Principle, Hunter Partner, LLC as afternoon keynote
• Morning and afternoon panels featuring: Healthcare IT, Healthcare Innovations, Commercialization of Healthcare Technologies, Delivering Effective Healthcare, and more!
• Networking Reception
Feature Event: Afternoon Entrepreneurial Competition
The organizers will provide all of our attendees with an opportunity to learn about new life science technologies directly from the scientists and researchers who have invented them. Then we will ask small teams to create strategies and brief presentations for the commercialization of these technologies. Each team will have an opportunity to pitch its concept to a panel of experts.
A small prize will be awarded!
For speaker list and full agenda go to: http://www.babsonhealth.com
Register at: http://www.babsonhealth.eventbrite.com
________________________________________
Harvard Venture Capital and Private Equity Conference: Saturday, February 26th - Harvard Business School
This year's keynote speakers include Leon Black, Founder and CEO of Apollo Global Management, LLC; William H. Draper III, Managing Director at Draper Richards L.P. and Founder of Sutter Hill Ventures; and Stephen Pagliuca, Managing Director at Bain Capital and Co-owner of the Boston Celtics.
Register by January 31, 2011 to take advantage of Early Bird discounts.
________________________________________
The Capital Network - Upcoming Events:
Feb. 2 - Expert Lunch
Utilizing Your IP to Access Funding
Feb. 9 - Evening Roundtable
Negotiation and Valuation
Mar. 16 - Expert Lunch
Transition from Seed to Venture Capital
For information on all TCN events, check http://thecapitalnetwork.org/programs.upcoming.php
________________________________________
Masschallenge Upcoming Events: http://www.masschallenge.org/resources/events/calendar
________________________________________
Entretech Forums Upcoming Events:
February 15, 2011
Biomedicine: Riding and Surviving the Biotech Funding Roller-Coaster
March 15, 2011
Start-up Advisor Selection: How to Get Professional Assistance When You Can't Afford It
April 19, 2011
Raising Money I: Angels or VCs: Who’s Driving the Regional Start-up Capital Market?
May 17, 2011
Raising Money II: Sourcing Government Funds in a New Era of Fiscal Austerity
June 21, 2011
Tech Transfer: Finding and Extracting the Next Billion-Dollar Opportunity from Our Universities
For more check http://www.entretechforum.org/2_calendar.htm
January 18, 2011 Communications Intersections of smart-phone/netbook/laptop/desktop web services
________________________________________
MIT Enterprise Forum Events: http://www.mitforumcambridge.org/category/events/upcoming/
Links, Articles and Resources
http://www.techcrunch.com/
http://www.venturebeat.com/
http://www.bostinnovation.com/
http://blogs.wsj.com/venturecapital/
http://www.vcaonline.com/news/
http://www.pehub.com/
http://www.xconomy.com/
http://www.thedeal.com/
http://www.avc.com/
http://www.venturehacks.com/
Jan 28, 2011
VCIC Bootcamp
(In order to register for the VCIC competition, teams must be represented on both days of the bootcamp.)
Attention Entrepreneurs, hopeful VCs, strategists, salesmen, and the classic generalist...
It's time to prepare for the year's most challenging and rewarding competition...the Babson Internal Venture Capital Intensive Competition, part of an International MBA event.
VCIC 101 - Tuesday, Feb 1st: 2:00-3:30pm - Olin 102
This event will be an intense training session for Babson's VCIC competition on Feburary 12th. We will be issuing a sample business plan for analysis and covering term sheet strategies, including key terms, business analysis, and valuation techniques. Think of this as a crash course combining topics we have covered in the past but in a VCIC format.
VCIC Mock Competition and Registration - Thursday, Feb 3rd: 4:30pm-6:30pm - Olin 102
Joining us is Babson's own Yumin Choi, Senior Associate at HLM Ventures Partners, who will be walking us through his approach to Tuesday's sample business plan. Between Tuesday and Thursday, teams are asked to prepare term sheets on the sample business for a live discussion and comparison with Yumin. This will not only simulate the VCIC event, but will give students direct interaction with a VC - the best form of VCIC preparation. All teams are asked to be present in order to sign NDAs and register for February 12th.
***The winning team on February 12th can expect one of a kind interactions with the club's VC advisors in addition to coaching and advice in preparation for the regional event.
VCIC Competition - Saturday, Feb 12th: 8am-5pm - Olin Auditorium
The Big Show. Teams will be presented business plans the night before. Saturday morning, the companies will present their investor pitches. After a short break each team will have the opportunity to interview each entrepreneur. After interviews are completed, the teams will choose a company in which to invest and write up a termsheet. Each team will then have fifteen minutes to negotiate their term sheet with the entrepreneur. At the conclusion of negotiations, the VCs, who will be watching all of the days proceedings, will question the team on its actions throughout the day. They will then provide some brief feedback. Once all teams have finished, general feedback will be given and a winner will be announced. The winner will go onto the regional competition.
Attention Entrepreneurs, hopeful VCs, strategists, salesmen, and the classic generalist...
It's time to prepare for the year's most challenging and rewarding competition...the Babson Internal Venture Capital Intensive Competition, part of an International MBA event.
VCIC 101 - Tuesday, Feb 1st: 2:00-3:30pm - Olin 102
This event will be an intense training session for Babson's VCIC competition on Feburary 12th. We will be issuing a sample business plan for analysis and covering term sheet strategies, including key terms, business analysis, and valuation techniques. Think of this as a crash course combining topics we have covered in the past but in a VCIC format.
VCIC Mock Competition and Registration - Thursday, Feb 3rd: 4:30pm-6:30pm - Olin 102
Joining us is Babson's own Yumin Choi, Senior Associate at HLM Ventures Partners, who will be walking us through his approach to Tuesday's sample business plan. Between Tuesday and Thursday, teams are asked to prepare term sheets on the sample business for a live discussion and comparison with Yumin. This will not only simulate the VCIC event, but will give students direct interaction with a VC - the best form of VCIC preparation. All teams are asked to be present in order to sign NDAs and register for February 12th.
***The winning team on February 12th can expect one of a kind interactions with the club's VC advisors in addition to coaching and advice in preparation for the regional event.
VCIC Competition - Saturday, Feb 12th: 8am-5pm - Olin Auditorium
The Big Show. Teams will be presented business plans the night before. Saturday morning, the companies will present their investor pitches. After a short break each team will have the opportunity to interview each entrepreneur. After interviews are completed, the teams will choose a company in which to invest and write up a termsheet. Each team will then have fifteen minutes to negotiate their term sheet with the entrepreneur. At the conclusion of negotiations, the VCs, who will be watching all of the days proceedings, will question the team on its actions throughout the day. They will then provide some brief feedback. Once all teams have finished, general feedback will be given and a winner will be announced. The winner will go onto the regional competition.
Jan 25, 2011
The Funded: Katie Rae and Techstars
The Funded: Featuring Techstar's Katie Rae and SocialSci's Leon Noel - 1/26 @ 4:30pm - Olin 201
Join us as we hear the story of SocialSci and the Techstar's program.
Techstars is a startup incubator with programs in Boston, New York, Seattle, and Boulder. The program grants accepted companies up to $18,000, provides them with mentorship, and then presents them to venture capitalists and other funders. In exchange, Techstars get a 6% stake in the startup.
Katie Rae is the director of Techstars Boston and has recently started Project11, a seed stage micro-VC fund. She has had a long career in tech, most recently as Head of Product for Microsoft Startup Labs.
Leon Noel dropped out of Yale months before graduation to found SocialSci. The company is building a community of researchers and participants to streamline social science research. Currently, SocialSci is tracking over $5 million being paid out by live research studies. Leon and SocialSci graduated from the Techstars program this Spring.
__________________
The Funded - The Series: Wednesdays @ 4:30pm - Olin 101
The Funded will feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. Here is a glance at some of the events in our series:
• Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide
• Techstar's Katie Rae along with one of Techstar's companies
• Flybridge Capital's Matt Witheiler and GamerDNA's & Disruptor Beam's Jon Radoff
If you have a company or funder you would like to bring to campus, let us know!
Join us as we hear the story of SocialSci and the Techstar's program.
Techstars is a startup incubator with programs in Boston, New York, Seattle, and Boulder. The program grants accepted companies up to $18,000, provides them with mentorship, and then presents them to venture capitalists and other funders. In exchange, Techstars get a 6% stake in the startup.
Katie Rae is the director of Techstars Boston and has recently started Project11, a seed stage micro-VC fund. She has had a long career in tech, most recently as Head of Product for Microsoft Startup Labs.
Leon Noel dropped out of Yale months before graduation to found SocialSci. The company is building a community of researchers and participants to streamline social science research. Currently, SocialSci is tracking over $5 million being paid out by live research studies. Leon and SocialSci graduated from the Techstars program this Spring.
__________________
The Funded - The Series: Wednesdays @ 4:30pm - Olin 101
The Funded will feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. Here is a glance at some of the events in our series:
• Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide
• Techstar's Katie Rae along with one of Techstar's companies
• Flybridge Capital's Matt Witheiler and GamerDNA's & Disruptor Beam's Jon Radoff
If you have a company or funder you would like to bring to campus, let us know!
Jan 24, 2011
Techstars Edition: Babson Venture Capital & Private Equity Club Newsletter
Announcements
Special Thanks to Tim Christopher for our new logo! Thanks Tim!
Thank you to everyone who braved the snowstorm to attend our first The Funded event! We hosted Iker Marcaide of Peertransfer who just last year was an MBA at MIT and has now raised over a million dollars to pursue a new way to transfer money internationally. Peertransfer is focusing on international students paying their tuition and offering a 1% transfer fee with no wire fee. If you would like to see Peertransfer's solution at Babson, email the Director of SFS, Mellisa Shaak, at shaak@babson.edu and let her know. Unfortunately, Iker's funder, Alex Finkelstein of Spark Capital, was delayed by the snowstorm and did not make the session. Alex extends his apologies and is sorry he was unable to make it. However, we may see him later in the semester.
The Funded is a new series of events that feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. This week, we will be hosting:
The Funded: Featuring Techstar's Katie Rae and SocialSci's Leon Noel - 1/26 @ 4:30pm - Olin 201
Join us as we hear the story of SocialSci and the Techstar's program.
Techstars is a startup incubator with programs in Boston, New York, Seattle, and Boulder. The program grants accepted companies $18,000, provides them with mentorship, and then presents them to venture capitalists and other funders. In exchange, Techstars get a 6% stake in the startup.
Katie Rae is the director of Techstars Boston and has recently started Project11, a seed stage micro-VC fund. She has had a long career in tech, most recently as Head of Product for Microsoft Startup Labs.
Leon Noel dropped out of Yale months before graduation to found SocialSci. The company is building a community of researchers and participants to streamline social science research. Currently, SocialSci is tracking over $5 million being paid out by live research studies. Leon and SocialSci graduated from the Techstars program this Spring.
Got a great idea? Applications for this session of Techstars are due at the end of the month.
VCIC
VCIC training will be heating up as Babson's internal competition is less than a month away. There is still time to find a team, so get your friends together and attend our boot camp and the mock competition as we prepare for Babson's internal competition on February 12th.
VCIC Bootcamp hosted by Yumin Choi - 2/1 @ 3:00pm - Gerber 213 (Gerber is to the left of the library entrance.)
Everything you need to know for VCIC will be packed into this fast-paced, intense session. Even if you do not intend to compete in VCIC, this session will give you a quick and thorough introduction to Venture Capital and raising money. Yumin is a senior associate at HLM Ventures, a Board member of The Capital Network, and fellow Beaver.
VCIC will put you in front of real VCs and give you the chance to negotiate with real startups. If you are interested in more details on the competition, attached is last year's player's handbook, complete with templates of the valuation and term sheets you will use in the actual competition. If you are completely unfamiliar with the competition and need a place to start, you can learn more about it here: http://www.vcic.unc.edu/
Still need a team? Have a team already? Register your team and scout for talent by filling in your information to this Google Doc.
https://spreadsheets.google.com/ccc?key=0Am_3P5GXFQ96dGlncDZORExHWFZ6a3djZnVOTWlScVE&hl=en&authkey=CJenyvgP
Past participants note: Unless you have been to the regional competition, you are still eligible to compete. You can compete in the Babson competition as many times as you want.
If you know anyone who is interested in the club, anyone can join our mailing list by sending a blank email to join-bvcpe@listserv.babson.edu
Upcoming Events
Follow all of BVCPE clubs events at our Google Calendar and our Life @ Babson page.
http://www.google.com/calendar/embed?src=d1rtihf4el3sptonck8n7fm1hc%40group.calendar.google.com&ctz=America/New_York
and
https://life.babson.edu/organization/babson-venture-capital-private-equity-
________________________________________
VCIC Bootcamp with Yumin Choi: Tuesday, January 1st @ 3:00pm - Gerber 213 (Gerber is to the left of the Library entrance)
It was a long break, so get back in the groove or bring the rest of your team up to speed with VCIC Bootcamp. We will cover everything you need to know in one intense session, recovering valuations, term sheets, and more. Yumin is a senior associate at HLM Ventures, a Board member of The Capital Network, and fellow Beaver.
VCIC Mock Competition: TBA - TBA
Your first chance to test your mettle against real VCs. Analyze a company with your team and then be judged by a real VC. This is the best practice for the actual competition you will get. Bask in glory or suffer the agony of defeat as you face your first judge. (Although probably the latter. This is mainly for the entertainment of the club leadership.)
VCIC Internal Competition: Saturday, February 12th @ 8:00am - TBA
This is Babson's internal VCIC competition. The winner will go onto face teams like MIT and Tuck in the regionals before traveling to UNC for the nationals. Last year's team won the entrepreneur's choice award, but first place eluded them. Are you ready to bring home the gold for the Beavers this year?
The Funded - Katie Rae and Techstars: Wednesday, January 26th @ 4:30pm - Olin 201
Join us as we hear the story of how Iker built Peertransfer and how Spark came to invest in the company. This event kicks off our "The Funded" series and we want to bring a crowd to encourage more speakers to come. So come out and bring a friend!
Peertransfer is a startup pioneering a low cost way to send money internationally. The idea was hatched when a pair of students studying internationally were upset by the high fees they were paying to transfer money for their tuition. Spark Capital is one of the most dynamic VC firms in Boston, investing in tech companies where no idea is too green. Akamai Technologies, Qtera, Aether Systems, Novatel Wireless, Twitter, 5Min, AdMeld, Verivue, Tumblr are just a few of the companies backed by the Spark team.
The Funded - The Series: Wednesdays @ 4:30pm - Olin 101
The Funded will feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. Here is a glance of the participants so far:
• Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide
• Techstar's Katie Rae along with one of Techstar's companies
• Flybridge Capital's Matt Witheiler and GamerDNA's & Disruptor Beam's Jon Radoff
If you have a company or funder you would like to bring to campus, let us know!
Other Events
Know of an event that you don't see listed? Email me at arthurawaton@gmail.com
For more events in the Boston startup scene, check out Greenhorn Connect, at http://greenhornconnect.com/events/calendar and for help paying all those registration fees, visit Stay in MA, at http://www.stayinma.com/home
________________________________________
Babson 8th Annual Healthcare & Life Sciences Industry Forum: Our Health, Our Business: February 10, 2011 - Olin
Event Highlights:
• Paul Levy, President and CEO, Beth Israel Deaconess Medical Center as morning keynote
• Elizabeth Tallett, Principle, Hunter Partner, LLC as afternoon keynote
• Morning and afternoon panels featuring: Healthcare IT, Healthcare Innovations, Commercialization of Healthcare Technologies, Delivering Effective Healthcare, and more!
• Networking Reception
Feature Event: Afternoon Entrepreneurial Competition
The organizers will provide all of our attendees with an opportunity to learn about new life science technologies directly from the scientists and researchers who have invented them. Then we will ask small teams to create strategies and brief presentations for the commercialization of these technologies. Each team will have an opportunity to pitch its concept to a panel of experts.
A small prize will be awarded!
For speaker list and full agenda go to: http://www.babsonhealth.com
Register at: http://www.babsonhealth.eventbrite.com
________________________________________
Harvard Venture Capital and Private Equity Conference: Saturday, February 26th - Harvard Business School
This year's keynote speakers include Leon Black, Founder and CEO of Apollo Global Management, LLC; William H. Draper III, Managing Director at Draper Richards L.P. and Founder of Sutter Hill Ventures; and Stephen Pagliuca, Managing Director at Bain Capital and Co-owner of the Boston Celtics.
Register by January 31, 2011 to take advantage of Early Bird discounts.
________________________________________
The Capital Network - Upcoming Events:
Jan. 19 - Expert Lunch: Understanding Debt Term Sheets
Feb. 2 - Expert Lunch: Utilizing Your IP to Access Funding
Feb. 9 - Evening Roundtable: Negotiation and Valuation
Mar. 16 - Expert Lunch: Transition from Seed to Venture Capital
For information on all TCN events, check http://thecapitalnetwork.org/programs.upcoming.php
________________________________________
Masschallenge Upcoming Events: http://www.masschallenge.org/resources/events/calendar
________________________________________
Entretech Forums Upcoming Events:
January 18, 2011
Communications - Intersections of smart-phone/netbook/laptop/desktop web services
February 15, 2011
Biomedicine: Riding and Surviving the Biotech Funding Roller-Coaster
March 15, 2011
Start-up Advisor Selection: How to Get Professional Assistance When You Can't Afford It
April 19, 2011
Raising Money I: Angels or VCs: Who’s Driving the Regional Start-up Capital Market?
May 17, 2011
Raising Money II: Sourcing Government Funds in a New Era of Fiscal Austerity
June 21, 2011
Tech Transfer: Finding and Extracting the Next Billion-Dollar Opportunity from Our Universities
For more check http://www.entretechforum.org/2_calendar.htm
________________________________________
Massachusetts, Evolved: What you need to know about the local game industry and the legislation that could change it all!
January 25th @ 6pm - NERD Center
As you may or may not know, legislation is being proposed that would encourage the growth of the Massachusetts game industry, benefiting companies already in the state and those looking to move to Massachusetts. Points being discussed for inclusion in the proposed legislation may include tax credits, incentives for early-stage game companies, and much more!
MIT Enterprise Forum Events: http://www.mitforumcambridge.org/category/events/upcoming/
Links, Articles and Resources
This week Larry Chang of Volition Capital released his annual list of the most read VC blogs. You can read the entire article here.
http://www.techcrunch.com/
http://www.venturebeat.com/
http://www.bostinnovation.com/
http://blogs.wsj.com/venturecapital/
http://www.vcaonline.com/news/
http://www.pehub.com/
http://www.xconomy.com/
http://www.thedeal.com/
http://www.avc.com/ New! Check out MBA Mondays!
http://www.venturehacks.com/ New! Check out Venture Hack's guide to pitching!
Special Thanks to Tim Christopher for our new logo! Thanks Tim!
Thank you to everyone who braved the snowstorm to attend our first The Funded event! We hosted Iker Marcaide of Peertransfer who just last year was an MBA at MIT and has now raised over a million dollars to pursue a new way to transfer money internationally. Peertransfer is focusing on international students paying their tuition and offering a 1% transfer fee with no wire fee. If you would like to see Peertransfer's solution at Babson, email the Director of SFS, Mellisa Shaak, at shaak@babson.edu and let her know. Unfortunately, Iker's funder, Alex Finkelstein of Spark Capital, was delayed by the snowstorm and did not make the session. Alex extends his apologies and is sorry he was unable to make it. However, we may see him later in the semester.
The Funded is a new series of events that feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. This week, we will be hosting:
The Funded: Featuring Techstar's Katie Rae and SocialSci's Leon Noel - 1/26 @ 4:30pm - Olin 201
Join us as we hear the story of SocialSci and the Techstar's program.
Techstars is a startup incubator with programs in Boston, New York, Seattle, and Boulder. The program grants accepted companies $18,000, provides them with mentorship, and then presents them to venture capitalists and other funders. In exchange, Techstars get a 6% stake in the startup.
Katie Rae is the director of Techstars Boston and has recently started Project11, a seed stage micro-VC fund. She has had a long career in tech, most recently as Head of Product for Microsoft Startup Labs.
Leon Noel dropped out of Yale months before graduation to found SocialSci. The company is building a community of researchers and participants to streamline social science research. Currently, SocialSci is tracking over $5 million being paid out by live research studies. Leon and SocialSci graduated from the Techstars program this Spring.
Got a great idea? Applications for this session of Techstars are due at the end of the month.
VCIC
VCIC training will be heating up as Babson's internal competition is less than a month away. There is still time to find a team, so get your friends together and attend our boot camp and the mock competition as we prepare for Babson's internal competition on February 12th.
VCIC Bootcamp hosted by Yumin Choi - 2/1 @ 3:00pm - Gerber 213 (Gerber is to the left of the library entrance.)
Everything you need to know for VCIC will be packed into this fast-paced, intense session. Even if you do not intend to compete in VCIC, this session will give you a quick and thorough introduction to Venture Capital and raising money. Yumin is a senior associate at HLM Ventures, a Board member of The Capital Network, and fellow Beaver.
VCIC will put you in front of real VCs and give you the chance to negotiate with real startups. If you are interested in more details on the competition, attached is last year's player's handbook, complete with templates of the valuation and term sheets you will use in the actual competition. If you are completely unfamiliar with the competition and need a place to start, you can learn more about it here: http://www.vcic.unc.edu/
Still need a team? Have a team already? Register your team and scout for talent by filling in your information to this Google Doc.
https://spreadsheets.google.com/ccc?key=0Am_3P5GXFQ96dGlncDZORExHWFZ6a3djZnVOTWlScVE&hl=en&authkey=CJenyvgP
Past participants note: Unless you have been to the regional competition, you are still eligible to compete. You can compete in the Babson competition as many times as you want.
If you know anyone who is interested in the club, anyone can join our mailing list by sending a blank email to join-bvcpe@listserv.babson.edu
Upcoming Events
Follow all of BVCPE clubs events at our Google Calendar and our Life @ Babson page.
http://www.google.com/calendar/embed?src=d1rtihf4el3sptonck8n7fm1hc%40group.calendar.google.com&ctz=America/New_York
and
https://life.babson.edu/organization/babson-venture-capital-private-equity-
________________________________________
VCIC Bootcamp with Yumin Choi: Tuesday, January 1st @ 3:00pm - Gerber 213 (Gerber is to the left of the Library entrance)
It was a long break, so get back in the groove or bring the rest of your team up to speed with VCIC Bootcamp. We will cover everything you need to know in one intense session, recovering valuations, term sheets, and more. Yumin is a senior associate at HLM Ventures, a Board member of The Capital Network, and fellow Beaver.
VCIC Mock Competition: TBA - TBA
Your first chance to test your mettle against real VCs. Analyze a company with your team and then be judged by a real VC. This is the best practice for the actual competition you will get. Bask in glory or suffer the agony of defeat as you face your first judge. (Although probably the latter. This is mainly for the entertainment of the club leadership.)
VCIC Internal Competition: Saturday, February 12th @ 8:00am - TBA
This is Babson's internal VCIC competition. The winner will go onto face teams like MIT and Tuck in the regionals before traveling to UNC for the nationals. Last year's team won the entrepreneur's choice award, but first place eluded them. Are you ready to bring home the gold for the Beavers this year?
The Funded - Katie Rae and Techstars: Wednesday, January 26th @ 4:30pm - Olin 201
Join us as we hear the story of how Iker built Peertransfer and how Spark came to invest in the company. This event kicks off our "The Funded" series and we want to bring a crowd to encourage more speakers to come. So come out and bring a friend!
Peertransfer is a startup pioneering a low cost way to send money internationally. The idea was hatched when a pair of students studying internationally were upset by the high fees they were paying to transfer money for their tuition. Spark Capital is one of the most dynamic VC firms in Boston, investing in tech companies where no idea is too green. Akamai Technologies, Qtera, Aether Systems, Novatel Wireless, Twitter, 5Min, AdMeld, Verivue, Tumblr are just a few of the companies backed by the Spark team.
The Funded - The Series: Wednesdays @ 4:30pm - Olin 101
The Funded will feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. Here is a glance of the participants so far:
• Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide
• Techstar's Katie Rae along with one of Techstar's companies
• Flybridge Capital's Matt Witheiler and GamerDNA's & Disruptor Beam's Jon Radoff
If you have a company or funder you would like to bring to campus, let us know!
Other Events
Know of an event that you don't see listed? Email me at arthurawaton@gmail.com
For more events in the Boston startup scene, check out Greenhorn Connect, at http://greenhornconnect.com/events/calendar and for help paying all those registration fees, visit Stay in MA, at http://www.stayinma.com/home
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Babson 8th Annual Healthcare & Life Sciences Industry Forum: Our Health, Our Business: February 10, 2011 - Olin
Event Highlights:
• Paul Levy, President and CEO, Beth Israel Deaconess Medical Center as morning keynote
• Elizabeth Tallett, Principle, Hunter Partner, LLC as afternoon keynote
• Morning and afternoon panels featuring: Healthcare IT, Healthcare Innovations, Commercialization of Healthcare Technologies, Delivering Effective Healthcare, and more!
• Networking Reception
Feature Event: Afternoon Entrepreneurial Competition
The organizers will provide all of our attendees with an opportunity to learn about new life science technologies directly from the scientists and researchers who have invented them. Then we will ask small teams to create strategies and brief presentations for the commercialization of these technologies. Each team will have an opportunity to pitch its concept to a panel of experts.
A small prize will be awarded!
For speaker list and full agenda go to: http://www.babsonhealth.com
Register at: http://www.babsonhealth.eventbrite.com
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Harvard Venture Capital and Private Equity Conference: Saturday, February 26th - Harvard Business School
This year's keynote speakers include Leon Black, Founder and CEO of Apollo Global Management, LLC; William H. Draper III, Managing Director at Draper Richards L.P. and Founder of Sutter Hill Ventures; and Stephen Pagliuca, Managing Director at Bain Capital and Co-owner of the Boston Celtics.
Register by January 31, 2011 to take advantage of Early Bird discounts.
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The Capital Network - Upcoming Events:
Jan. 19 - Expert Lunch: Understanding Debt Term Sheets
Feb. 2 - Expert Lunch: Utilizing Your IP to Access Funding
Feb. 9 - Evening Roundtable: Negotiation and Valuation
Mar. 16 - Expert Lunch: Transition from Seed to Venture Capital
For information on all TCN events, check http://thecapitalnetwork.org/programs.upcoming.php
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Masschallenge Upcoming Events: http://www.masschallenge.org/resources/events/calendar
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Entretech Forums Upcoming Events:
January 18, 2011
Communications - Intersections of smart-phone/netbook/laptop/desktop web services
February 15, 2011
Biomedicine: Riding and Surviving the Biotech Funding Roller-Coaster
March 15, 2011
Start-up Advisor Selection: How to Get Professional Assistance When You Can't Afford It
April 19, 2011
Raising Money I: Angels or VCs: Who’s Driving the Regional Start-up Capital Market?
May 17, 2011
Raising Money II: Sourcing Government Funds in a New Era of Fiscal Austerity
June 21, 2011
Tech Transfer: Finding and Extracting the Next Billion-Dollar Opportunity from Our Universities
For more check http://www.entretechforum.org/2_calendar.htm
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Massachusetts, Evolved: What you need to know about the local game industry and the legislation that could change it all!
January 25th @ 6pm - NERD Center
As you may or may not know, legislation is being proposed that would encourage the growth of the Massachusetts game industry, benefiting companies already in the state and those looking to move to Massachusetts. Points being discussed for inclusion in the proposed legislation may include tax credits, incentives for early-stage game companies, and much more!
MIT Enterprise Forum Events: http://www.mitforumcambridge.org/category/events/upcoming/
Links, Articles and Resources
This week Larry Chang of Volition Capital released his annual list of the most read VC blogs. You can read the entire article here.
http://www.techcrunch.com/
http://www.venturebeat.com/
http://www.bostinnovation.com/
http://blogs.wsj.com/venturecapital/
http://www.vcaonline.com/news/
http://www.pehub.com/
http://www.xconomy.com/
http://www.thedeal.com/
http://www.avc.com/ New! Check out MBA Mondays!
http://www.venturehacks.com/ New! Check out Venture Hack's guide to pitching!
Jan 19, 2011
The Funded: Spark Capital and Peer Transfer
The Funded - Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide: Friday, January 21st @ 4:30pm - Olin 102
Join us as we hear the story of how Iker built Peertransfer and how Spark came to invest in the company. This event kicks off our "The Funded" series and we want to bring a crowd to encourage more speakers to come. So come out and bring a friend!
Spark Capital is one of the most active seed stage funds in the US and is the largest investor in Twitter. Alex is interested in Media, Web, Education, and Financial startups. Aside from Peertransfeer, he led investments in 5min Media(acquired by AOL), 8D World, Altius Education, Linkwell, peerTransfer and OnSwipe. Peertransfer was started by an international MIT MBA student who was sick of paying the high fees for transferring money to pay tuition. The company offers students a way to pay their tuition in their home currency for a 1% fee instead of the typical 3-6% fee plus wire fee that most banks charge.
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The Funded - The Series: Wednesdays @ 4:30pm - Olin 101
The Funded will feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. Here is a glance of our future events:
• Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide
• Techstar's Katie Rae along with one of Techstar's companies
• Flybridge Capital's Matt Witheiler and GamerDNA's & Disruptor Beam's Jon Radoff
If you have a company or funder you would like to bring to campus, let us know!
Join us as we hear the story of how Iker built Peertransfer and how Spark came to invest in the company. This event kicks off our "The Funded" series and we want to bring a crowd to encourage more speakers to come. So come out and bring a friend!
Spark Capital is one of the most active seed stage funds in the US and is the largest investor in Twitter. Alex is interested in Media, Web, Education, and Financial startups. Aside from Peertransfeer, he led investments in 5min Media(acquired by AOL), 8D World, Altius Education, Linkwell, peerTransfer and OnSwipe. Peertransfer was started by an international MIT MBA student who was sick of paying the high fees for transferring money to pay tuition. The company offers students a way to pay their tuition in their home currency for a 1% fee instead of the typical 3-6% fee plus wire fee that most banks charge.
___________________________
The Funded - The Series: Wednesdays @ 4:30pm - Olin 101
The Funded will feature founders and funders telling the story of their shared venture. We hope to cover many industries and types of funding over the course of the semester. Here is a glance of our future events:
• Spark Capital's Alex Finkelstein and Peertransfer's Iker Marcaide
• Techstar's Katie Rae along with one of Techstar's companies
• Flybridge Capital's Matt Witheiler and GamerDNA's & Disruptor Beam's Jon Radoff
If you have a company or funder you would like to bring to campus, let us know!
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