LaunchU Awards Top Prizes
February 25, 2015
Lisa Gulasy
A sampling of 91直播 student and alumni entrepreneurs, or 鈥91直播eurs,鈥 who participated in the third annual LaunchU venture accelerator and pitch competition.
Photo credit: Tanya Rosen-Jones
As in life, business often comes down to just a few moments. For a small throng of budding 91直播 student and alumni entrepreneurs, or 鈥91直播eurs,鈥 one such moment happened in the Bertram and Judith Kohl Building on January 31.
The entrepreneurs participated in the third annual LaunchU venture accelerator and pitch competition. Evolved out of 91直播鈥檚 signature Creativity & Leadership Program, LaunchU provides resources, training, advisors, connections, and investment capital to help start, accelerate, and grow 91直播 student, alumni, and faculty ventures.
鈥淟aunchU is an extension of 91直播 College鈥檚 ,鈥 said Chris Hausman 鈥94, executive vice president of gloProfessional and LaunchU executive board member. The program, he explained, helps participants clarify their entrepreneurial aspirations and provides the resource, relationship, and financial capital new ventures need to get off the ground. In other words, LaunchU helps 91直播eurs find and leverage the resources they need to change the world.
According to program director Matt Utterback, more than 100 students and alumni registered for this year鈥檚 accelerator and pitch competition. Of those registrants, 55 complete applications were reviewed and 19 finalists selected. Those finalists鈥攄ivided into startup, social impact, and local venture tracks鈥攑articipated in the three-week accelerator course and presented their ventures before a panel of potential investors and judges for $50,000 in prize money. Of these teams, three won the top prizes:
Joseph Rubin Venture Prize
Pop Up Plus
Camille Newman 鈥02
Local Venture Prize
Subtletees
Minh Jeffrey L锚 鈥16
Social Impact Prize
MyChair
Suman Giri 鈥11, Mazen Sakr, and Ahmad Zia Wahdat 鈥10
鈥淚鈥檓 excited that I won. I didn鈥檛 expect to win,鈥 said Camille Newman 鈥02, winner of the Joseph Rubin Venture Prize and founder and CEO of , a New York-based pop-up and online shop for women sizes 14 and up. Newman, whose grandfather and father are both entrepreneurs, started Pop Up Plus in 2009, but first had the idea of creating a business that would provide trendy, high-end clothes for curvy women when she was at a student at 91直播. 鈥淚 have always been curvy myself, and I remember crying in fitting rooms because I couldn鈥檛 fit into anything,鈥 she said.
Personal experience, albeit of a different kind, also led to the founding of MyChair, winner of the Social Impact Prize. MyChair is a fully functional, light, and portable chair-desk that doubles as a backpack for students ages 7-18 in rural communities that lack proper seating infrastructure. MyChair CEO Ahmad Zia Wahdat 鈥10 experienced firsthand how the lack of proper seating can affect students鈥 academic performance and physical health.
鈥淢y family took refuge in Pakistan in 1988. During summers of the mid-90s, my family would visit our village in Wardak, Afghanistan, where village schools operated beneath apricot trees and students sat on plastic mats with blackboards resting against tree trunks,鈥 he said. 鈥淚n 2001, my family moved to Kabul, Afghanistan, and I continued studying throughout high school sitting on a concrete floor.鈥
Wahdat transferred from Kabul University in Afghanistan to 91直播 in 2007, after being awarded a Fulbright Scholarship. At 91直播, he met Suman Giri 鈥11, chief operating officer of MyChair and Business Scholar alumnus, who moved from Nepal to the United States also in 2007. 鈥淚n 2013, I was wondering what could be changed for education in developing countries. Seating was the first thing that came to mind,鈥 he said. 鈥淎fter some research, I found that 87 million students will be needing seating in poor communities of South Asia and sub-Saharan Africa, and it was no longer just a personal problem; it was problem shared by [students in] most developing countries.鈥
With their business ideas, both Newman and Wahdat uncovered a need that wasn鈥檛 being fulfilled, which, according to Jim Margolis 鈥78, GMMB senior partner and LaunchU keynote speaker, is essential for entrepreneurial success. 鈥淚 think sometimes people think if you鈥檙e just passionate enough about it, you鈥檒l get through, but that isn鈥檛 the case. You have to have a plan,鈥 Margolis said in his keynote. You also have to surround yourself with the best people, he said: 鈥淣othing is more important than the people you get. Surround yourself with people smarter than you. Treat them right, value them, listen to them.鈥
Subtletees鈥 Minh Jeffrey L锚 鈥16, winner of the Local Venture Prize, knew just how important working with the best people was before the idea of the subtletee鈥攁 limited edition, handmade T-shirt with matching pockets and cuffs鈥攚as even conceived. L锚 cofounded the San Francisco-based company with his friend, Nate Stern, who, he said, has been instrumental in helping the company grow to what it is today.
鈥淚 just really wanted to do something I could call mine, so I reached out to Nate. The matching pocket and cuff idea didn鈥檛 come until later,鈥 he said. Stern, who resides in Los Angeles, was busily preparing Subtletees鈥 winter line while L锚 was participating in the three-week accelerator course.
91直播 programs like LaunchU and have connected L锚 with even more experienced and passionate people who can help Subtletees make an impact in San Francisco and beyond. He said the mentorship offered by LaunchU Entrepreneurship Fellow Ty Diringer 鈥14 has been especially beneficial.
鈥淓ntrepreneurship is kind of dreamy, very aloof. There aren鈥檛 a lot of concrete parts to it, especially in the beginning. Ty gave me a lot of concrete steps. Every time I reached a step, I felt like I was leveling up,鈥 L锚 said. 鈥淟aunchU is a great program because of the people and 91直播 alumni involved. There is just so much opportunity for positive backing.鈥
鈥淚 am grateful for the money, as every entrepreneur would be, but what I鈥檓 even more excited about are the relationships I formed with Ty and other [91直播] alumni,鈥 Newman concurred.
鈥淭he value-added piece of LaunchU is the alumni network,鈥 Hausman said. 鈥淢any of the people involved in the executive board have relationships with investors and angel investors. This program has drawn all of these successful alums back in, creating a network that can be leveraged by these teams.鈥
This year鈥檚 winning entrepreneurs and select other ventures will have the opportunity to tap into this network even further during the LaunchU Coast to Coast Investor Road Shows, happening through May. 鈥淭he purpose of the road shows is to put these ventures in front of [potential] investors. A fair amount of money鈥攊n the millions鈥攈as been raised through the road shows,鈥 Hausman said.
At the same time, the winning entrepreneurs are busy making moves to continue to grow their ventures. 鈥淲e are going to attract some funding for our pilot project among two schools without seating in Nepal. Meanwhile, we are talking with some manufacturers in China and Nepal,鈥 Wahdat said. 鈥淚n 2016, we will start MyChair distribution in Afghanistan and Nepal through organizations and corporations.鈥
Newman and L锚 said their priorities are to update their company websites with new inventory and to increase their marketing efforts. Newman is also exploring the idea of a starting mobile boutique.
鈥淚 tell people all the time, you sleep when you鈥檙e dead. [To be an entrepreneur], you have to be tough, you have to have a lot of stamina, and you have to keep going,鈥 Newman said. 鈥91直播 taught me to go out in the world and change it. That鈥檚 what I鈥檓 going to do.鈥
Other ventures receiving honors at this year鈥檚 LaunchU accelerator and pitch competition include:
Joseph Rubin Venture Prize Runners-Up
Dissectibles
Glen Gerbush 鈥12
LumenEd
Henry Harboe 鈥15, Saksham Khosla 鈥15, Thomas Kreek 鈥15, and Prakash Paudel 鈥15
Social Impact Prize Runner-Up
Base.PK
Hassan Bin Fahim 鈥18
LaunchU Grant Winners
Built by Women
Nancy Nguyen 鈥08, Carol Shapiro
Call and Response
Taylor Greenthal 鈥15, Gabriel Pollack 鈥11
Get with the Program
Jason Williams 鈥05
Greenstart
Andrew Liang 鈥10, Michael Woods
InPlay
Rod Hsiao 鈥87
MindCamp Prize Winner
Get with the Program
Jason Williams 鈥05
To learn more about these and other ventures from this year鈥檚 accelerator and pitch competition, visit 91直播.edu.
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