Entrepreneurship at UNC Kenan-Flagler

February 22, 2012

Patrick VernonClinical Asst. Professor of Entrepreneurship

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• Teach• Connect• Research

CONNECTCONNECTTEACHTEACH

RESEARCH

Entrepreneurship at Kenan-Flagler

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BSBAEmphasis

9 Classes14 Sections

BSBAEmphasis

9 Classes14 Sections

Full-Time MBA Concentration

17 Classes 28 Sections

Full-Time MBA Concentration

17 Classes 28 Sections

EMBAElectives

2 Classes3 Sections

EMBAElectives

2 Classes3 Sections

TEACHTEACH

GLOBALGIE

GLOBE GEL

GLOBALGIE

GLOBE GEL

Total–28 classes–45 sections–74 credit hrs.

Total–28 classes–45 sections–74 credit hrs.

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TEACHTEACH

MBA Courses

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BSBA Emphasis

1. Entrepreneurship and Bus. Planning2. Eship: Opportunity Assessment (New Ventures Analysis)

3. Entrepreneurial Consulting

4. Entrepreneurial Finance

5. Private Equity

6. Family Business I and II

7. Sustainable Businesses and Social Entrepreneurship

8. GLOBE: Private Equity

9. GLOBE: Global Venturing

TEACHTEACH

3.0 Credits

6.0 Credits

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Study Other Startups

BUSI 506: Eship: Opportunity AssessmentFormerly New Ventures Analysis

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BUSI 505: Entrepreneurial Consulting Experiential Education Credit

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Entrepreneurial Activities

• Teach• Connect• Research• Fundraising• Communications

CONNECTCONNECTTEACHTEACH

FUNDRAISING

RESEARCH

COMMUNICATIONS

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www.startup.unc.edu

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www.startup.unc.edu

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CONNECT

CONNECT

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2

3

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6 New

Connect Programs

ElevatorPitch

ElevatorPitch

Semi-FinalsSemi-Finals

Track FinalsTrack Finals

Prep Session

Prep Session

Alumni TrackAlumni TrackFinalsFinals

Prep Session

Idea HatchIdea Hatch

Prep Session

FEASIBILITY PLANNINGFINANCINGSummer

WorkshopsSummer

Workshops OPPORTUNITY

GEL DISCOVERY SoftLaunchEMBA

UNC VCIC

UNC VCIC

VCIC Regional Finals

FINALSFINALS

DC DEN SFO PHI NYC LAX BOS UK SP IND

Prep Session

Prep Session

Prep Session

Prep Session

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CENTER FOR ENTREPRENEURIAL STUDIES

CONNECTCONNECT

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Private Equity Alt. Investment Conference

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Internship Programs CVF AIF CEF 2Panels CEF 1Prep5

“Coffee for Eight” 4 84 8 4 84 84 8 4 84 8 4 84 84 8

“clink” NYC

“clink” NYC

“clink” BOS

“clink” BOS

“clink” SFO

“clink” SFO

“clink” RTP

“clink” RTP

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“clink” EUR

“clink” EUR

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Carolina Challenge

• 7th Annual• $50,000 prize money (Stedman Endowment)

• High visibility across UNC and RTP

• 60-100 teams

• New in 2012: alumni track

www.carolinachallenge.org

CONNECT

CONNECT

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Pitch Party

• 1st Annual Pitch Party: 12/1/11

• 50 teams, 60 judges

• Nearly 200 in attendance

• “Super Networking”

www.carolinachallenge.org/pitch

“This was an amazing event! So much energy, fun, clever format, and great networking. Just tops… Holden sends his congratulations. ”

Judith Cone, Special Asst. to the Chancellor for Innovation & Entrepreneurship

CONNECT

CONNECT

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Private Equity Fund

• $4.4M committed

• 16 students/year

• Unique opportunity for students to invest

• 13 investments so far…

www.kfpefund.com

CONNECT

CONNECT

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VCIC

• 60 schools, 50 events (franchise model)

• 11 regional partner schools

• 3 continents

• 1,200 students

• 15th Annual

• Finals at UNC

www.vcic.org

CONNECT

CONNECT

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SVCIC and uVCIC

• 5th Undergraduate VCIC• January 28 • Regional Competition, March

24, 20121. UNC

2. Duke

3. Virginia

4. Georgetown

www.svcic.org | www.uvcic.org

• 6th Sustainable VCIC• March 23-24• 8 top MBA programs

1. Columbia

2. Duke

3. Georgetown

4. Michigan Ross

5. NYU Stern

6. Oxford Said

7. UNC Kenan-Flagler

8. UVA Darden

CONNECT

CONNECT

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Launching the Venture

• High visibility across UNC

• Cross campus workshops

• 32 teams in LTV Feasibility

• 50 coaches (alumni and RTP)

• 50 startups since 1999

www.launch.unc.edu

CONNECT

CONNECT

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Alternative Investments Conf.

• 5th annual full-day conference, February 29• ~150 attendees/year (paying $200 on average)

• High visibility within specific sector of alumni• ~$30k in profits go towards student fellowships• High caliber,

high impact event

www.uncaic.com

CONNECT

CONNECT

Coffee for Eight Series

Coffee for Eight (C48)

Fall 2011 Series

Spring 2012 Series

Kate Blanchard, Artus Labs (MBA ’08)

Andy Dreyfuss, Piedmont Angel Network

Elaine Bolle, RTP Capital

Tina Prevatte, Farmhand Foods (MBA ‘09)

Lorenzo Mejia, Semitone Corporation

Judith Cone, Chancellor’s Advisor on Innovation and Entrepreneurship

Bob Creeden, Blackstone Entre. Network

Jason Caplain, Southern Capitol Ventures

Pat Garner, Former CEO of Motley Fool

Martin Sinozich, Venn Capital

CONNECT

CONNECT

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Social Media

• Twitter activity

• LinkedIn groups, subgroups and events

• Facebook

COMMUNICATIONS

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Enthusiast

Opportunist

Fanatic

FANATICFANATIC “ “Mr. Now”2-5 students per year

•Dying to be part of a startup•Deep expertise in specific tech sector•Exceptional skill set and confidence•Uncommon risk profile (for MBA)

FANATICFANATIC “ “Mr. Now”2-5 students per year

•Dying to be part of a startup•Deep expertise in specific tech sector•Exceptional skill set and confidence•Uncommon risk profile (for MBA)

ENTHUSIASTENTHUSIAST “MR. “MR. SOMEDAY”SOMEDAY”

20-30 students per year

•A startup someday is the plan•Often hopes to do so right away and is struggling with personal risk profile•Fallback often considered a failure

ENTHUSIASTENTHUSIAST “MR. “MR. SOMEDAY”SOMEDAY”

20-30 students per year

•A startup someday is the plan•Often hopes to do so right away and is struggling with personal risk profile•Fallback often considered a failure

OPPORTUNIST OPPORTUNIST “MR. “MR. MAYBE”MAYBE”

40-60 students per year

•No specific goal of startup•Considers entrepreneurship a professional development tool•Wants to be prepared when/if oppty knocks

OPPORTUNIST OPPORTUNIST “MR. “MR. MAYBE”MAYBE”

40-60 students per year

•No specific goal of startup•Considers entrepreneurship a professional development tool•Wants to be prepared when/if oppty knocks

Share short-term goals:•Pay debt•Develop expertise•Grow network •Gain confidence

Share short-term goals:•Pay debt•Develop expertise•Grow network •Gain confidence

Behavior Profiles of Entrepreneurial Students

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Lifestyle

Specialty

Tech

TECHTECHFast Growth Startups

•Software-as-a-service, apps, gaming, biotech, pharma, hardware, media…•Potential for VC funding

TECHTECHFast Growth Startups

•Software-as-a-service, apps, gaming, biotech, pharma, hardware, media…•Potential for VC funding

LIFESTYLELIFESTYLETraditional Businesses

•Consumer products, services, manufacturing, consulting…•Regular linear growth•Traditional financing

LIFESTYLELIFESTYLETraditional Businesses

•Consumer products, services, manufacturing, consulting…•Regular linear growth•Traditional financing

SPECIALTYSPECIALTYSocial Entrepreneurship / Family Business

•Specialty financing

SPECIALTYSPECIALTYSocial Entrepreneurship / Family Business

•Specialty financing

Students’ Interests

ENTREPRENEURIAL FINANCEENTREPRENEURIAL FINANCE•Across all segments•Venture Capital and Private Equity

ENTREPRENEURIAL FINANCEENTREPRENEURIAL FINANCE•Across all segments•Venture Capital and Private Equity

(Finance)

Entrepreneurship at UNC Kenan-Flagler

February 22, 2012

Patrick VernonClinical Asst. Professor of Entrepreneurship