Campus Entrepreneurship

Campus Entrepreneur Gates at Harvard Commencement

June 10, 2007 · Leave a Comment

Bill Gates, perhaps the most successful campus entrepreneur of all time, was back at Harvard (where he dropped out), speaking at commencement and telling tales of talking Steve Ballmer into leaving business school. Here is the entire commencement address from the Wall Street Journal,

President Bok, former President Rudenstine, incoming President Faust, members of the Harvard Corporation and the Board of Overseers, members of the faculty, parents, and especially, the graduates:

I’ve been waiting more than 30 years to say this: “Dad, I always told you I’d come back and get my degree.”

I want to thank Harvard for this timely honor. I’ll be changing my job next year … and it will be nice to finally have a college degree on my resume.

I applaud the graduates today for taking a much more direct route to your degrees. For my part, I’m just happy that the Crimson has called me “Harvard’s most successful dropout.” I guess that makes me valedictorian of my own special class … I did the best of everyone who failed.

But I also want to be recognized as the guy who got Steve Ballmer to drop out of business school. I’m a bad influence. That’s why I was invited to speak at your graduation. If I had spoken at your orientation, fewer of you might be here today.

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Categories: Campus Eco-System · Entrepreneur Profiles · General Thoughts · Students

YouTube + Business Plan Contest?

June 10, 2007 · 3 Comments

Seems like a pretty obvious avenue for business plan competitions to head and it is media concern Business Week that appears to be talking it from campus entrepreneurship to the broader world. The Entrepreneurial Mind has a post on it and here is the article from MediaWeek.com. From the article thats BusinessWeek.com’s acting editor-in-chief, John Byrne.

The site is also exploring the launch of an online-video-based contest that would invite anyone with an idea for the new business to submit a plan on the site with a chance to land $500,000 in venture capital funding.

Byrne, speaking during a panel session at the Interactive Media Conference in Miami, FL. on May 24, said that like YouTube, users would rate each proposal and ultimately vote on the winner, who would receive half a million dollars from a VC firm to invest in the proposed business.

The model for a business plan contest has clear shortcomings, but no doubt it could be fun and will benefit Business Week in terms of marketing.

Categories: Business Plans & Competitions · Funding · General Thoughts