By guest authors Irina Patterson and Candice Arnold Irina: So, what’s your return target? Dave: I think 10x to 20x is the ideal target. Obviously, if we get more than that, that’s great. But that’s probably not the typical scenario. In most cases things don’t work and usually we get zero. I think we have
By guest authors Irina Patterson and Candice Arnold Irina: Have you made any investments already? Lewis: No, we have not made any investments, yet, out of the University Impact Fund. Irina: If an entrepreneur heard about your program and want to get in touch with you, what is the best way to reach you? Lewis:
By Sramana Mitra and guest author Shaloo Shalini SM: Whichever ERP system you are considering, what is their response to this? RN: I think the response is positive because it makes sense for us to look at such an approach. I will answer your question in just a minute, but I do want to give
By guest authors Irina Patterson and Candice Arnold Irina: Do you hold any events for entrepreneurs? Dave: Actually, I put on a decent-sized 300- to 500-person conference on a quarterly basis. I also run a lot of user groups and events, meetings, and dinners. We’re running one called Warm Gun, a conference about design and
By guest authors Irina Patterson and Candice Arnold Lewis: Going forward, our model is that we will continue to have students. We are a student program and will be for as long as we’re around. We do that same type of project work but typically we will end up working more with the investment funds
By guest authors Irina Patterson and Candice Arnold Dave: We are a little bit different from many other programs where the advisors are primarily coming from the investor category. In our world, those are mostly coming from the operational field category. Most of our mentors are coming from engineering, marketing, or design backgrounds, maybe product
By guest authors Irina Patterson and Candice Arnold Irina: How many employees do you have? Lewis: We have one principal; his name is Patrick Mullen. The beauty of our model is that the rest of our employees are actually university students whom we bring into our program. So, our system and structure is very similar
By Sramana Mitra and guest author Shaloo Shalini SM: Here is a slightly tricky question but let me ask you anyway. In Indian IT services companies, there is a huge “not invented here” syndrome. I’m encouraged to hear that you are evaluating off-the-shelf CRM solutions from companies like Oracle, Siebel, and salesforce.com, which is a