Sunday, January 28, 2007

Getting traction...

The past few weeks have been a whirlwind of activity. A lot of things in school have been ramping up such as the NVC (NU Venture Challenge) as well as classes. On top of that I'm working on two company ideas and meeting with a lot of people to get some feedback/insight. One of the ideas I am working on is really not mine. It came from Dean and Ed, who are friends I grew up with at home. I've known Dean since we were 6 and he is a professor at Northwestern. Ed is a high school friend who is finishing up his Ph.D student at UCLA. I'm not really going to say what the idea is, but it could be a huge opportunity in the medical device field.

The other idea is a web idea. I've been able to get some people on board to help me refine the idea. Most importantly, a programmer. Next I'm working on finding advisors who can help me think through the business model.

Exciting stuff!

Wednesday, January 17, 2007

MBA Recruiting

As I alluded to in my first post, I am taking part in the circus show known as MBA recruiting. It's one big show and dance (from both sides). I've been surprised that some of the companies I've talked to are actually appealing. Yet there is a little voice in my head that keeps saying, "Be veerrrryyy afraid...don't be persuaded by the free food and driiiiinnkkks." Don't worry, though. My goal is to find a great startup that has a need for an MBA intern over the summer. Unfortunately, those startups are hard to come by.

Originally, my plan was to work on a business idea full-time for the summer. But I've been getting advice from experienced entrepreneurs to start something on the side while I make some pay (and hopefully build my network). I guess it makes sense, unless my idea really requires my undevoted attention for the entire summer. Luckily, as I draw out my business plans, it does not.

I also would like to make a plug for Northwestern's student entrepreneurship organization, InNUvation. I am part of the leadership team that is putting together the university's first entrepreneurship competition: the 2007 NU Venture Challenge. Things are coming along really great and I have a feeling there will be some great ideas coming out of the competition (like mine).