Competence, confidence affect whether investor ‘sharks’ bite
An Olin Business School faculty member teamed up with three researchers from Michigan State University to examine investors’ decision-making, and they came up with a novel idea for a laboratory: ABC’s reality TV show “Shark Tank.”
Changing face of venture capital and its potential impact on St. Louis focus of talk
Two executives of a publicly traded venture capital firm that invests in nanotechnology companies will discuss “The Changing Face of Venture Capital and the Potential Impact to St. Louis” at 4:30 p.m. Thursday, Oct. 18, in the Preston M. Green Hall Collaboration Space.
Finalists named in Olin Cup business plan competition
The field in the 2010 Olin Cup business plan competition was narrowed Nov. 18 as 21 semifinalists faced off in the elevator pitch stage of the race for entrepreneurs at Washington University in St. Louis. Six ventures were selected to advance to the final round of the annual contest that will award $75,000 to the most promising enterprise in February 2011.
Doing business on the Danube
To complete a course in entrepreneurship, Olin Business School students traveled to Budapest, Hungary for some hands-on work with new ventures. Their consulting projects not only benefitted the eastern European entrepreneurs, but helped students gain a better understanding of the global marketplace and their career futures.
Olin Cup awards innovative ventures with $75,000
Winners of this year’s Olin Cup business competition got $75,000 to jump-start their ventures and create jobs. Ken Harrington, managing director of the Skandalaris Center at WUSTL, announced the winners Feb. 5 at the annual award ceremony in Graham Chapel.
2010 Olin Cup finalists in race for funding new businesses
A record number of aspiring entrepreneurs entered 45 ideas for new ventures in the annual Olin Cup business plan competition this fall. As the race toward $75,000 in seed money enters its last stage, seven finalists are crunching numbers and honing their plans for the crucial final presentation to judges in January.
Olin Cup finalists in race for funding new ventures
Seven entrepreneurs enter the final round of the Olin Cup business plan competition this month as they vie for $75,000 in seed money. Ken Harrington, managing director of the Skandalaris Center, co-sponsor of the Olin Cup, emceed the recent “Elevator Pitch” event where 17 semi-finalists had two minutes each to present their business plans. The teams presented privately in front of 16 judges, then presented publicly in front of an audience. Harrington said, “the judges, audience, and I were very impressed with the quality of this year’s pitches and ideas. We look forward to the next phase in the competition and seeing their full business plans.” Winners will be announced in February. Video report on the competition included.
Has America lost its entrepreneurial edge?
HarringtonThe uncertain economy of the last few years has some wondering if American innovation and ingenuity is in decline, but not Kenneth Harrington and Robert Skandalaris. Harrington, director of the Skandalaris Entrepreneurship Program at the Olin School of Business at Washington University in St. Louis and Skandalaris, founder and Chairman of Noble International Ltd, are collaborating on a book on entrepreneurship and find it alive and well. But in a recent article, they caution that “people, organizations, institutions, and governments that don’t have a strategy to lead in entrepreneurial innovation will be displaced or at serious risk of becoming obsolete.” The Washington University business school launches its 2004 Olin Cup Entrepreneurship Competition this month with special events, speakers, and workshops. Washington University recently received a major grant from the Ewing Marion Kauffman Foundation to expand entrepreneurship education campus-wide.
Olin School of Business awards $70,000 in seed investment to Olin Cup entrepreneurship competition winners
The John M. Olin School of Business at Washington University in St. Louis has awarded a total of $70,000 in seed investment capital to two startup businesses in its annual Olin Cup entrepreneurship competition. The Olin Cup competition was launched last year with a new emphasis on life sciences, medicine, and technology startups, as well as other student started ventures. The business school’s Skandalaris Entrepreneurship Program sponsors the annual competition. This is the first time seed funding was awarded in the entrepreneurship contest.
Venture capital funding validates a startup, research shows
GuptaLessons learned by startups during the dot-com hiring frenzy may have lasting benefits, according to a study conducted by Washington University Olin School of Business professor Mahendra Gupta. His paper, “Venture Capital Financing and the Growth of Startup Firms,” which focuses on the role human capital plays in starting a company, has been accepted for publication in the Journal of Business Venturing. Journal editor Sankaran Venkataraman called the paper noteworthy in its comprehensive examination of how human capital relates to success, the internal processes of a firm, and team characteristics. Companies able to get venture capital funding had an advantage over those who were able to find funding resources but not thru v.c. funding.