This weekend I spent a day with Rebecca Lovell (on right in photo) and a group of 60+ University of Washington Technology Management MBA students who were doing their final project prior to graduating – a venture capital investment competition. The Tech Management MBA is designed specifically for technology industry professionals and the venture capital competition (with Rebecca teaching) was a component added recently to give them some exposure to entrepreneurs in fund-raising mode and to give them a better understanding of the issues early stage tech investors consider. Although the students were only playing at being VCs, they did so with four real startups, giving the entrepreneurs a half day of practice pitching their companies and answering questions a potential investor might ask.
The four companies that took time out of their busy startup schedules to present to the students were:
- Relaborate, makers of software to simplify the process of creating quality content for business blogs;
- SkyFu, with tools and data to assist a business with online reputation management;
- Saltbox, creators of a sales force communication and learning application; and
- Booktrope, with a book publishing model that offers more support than self-publishing.
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