MIT Entrepreneurs Club (E-Club)

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Dear E-Clubbers,

Welcome to the second edition of the E-Notice. The year is almost over but there are a few more events happening on campus. Heading into next year, I have begun initial planning for cosponsoring some events with SEBC, TechLink, and the Innovation Club. More details to come later but email me if you are interested in helping out. Also, anyone looking to join a start-up should read below for information on a new Babson based venture. As always, feel free to email me with questions/comments/suggestions or whatever else you feel like saying.

Reuben Cummings
MIT Entrepreneurs Club President

What's in this issue:

1. MIT Enterprise Forum of Cambridge Presents "Beyond The Curve: Macroeconomic Trends Affecting Entrepreneurship In Massachusetts" - TODAY!, May 8
2. E-Club Meeting/End-of-Term Dinner* - Tuesday, May 11
3. Babson MBA looking for partner in new retail industry venture
4. $50K Final Awards Ceremony - Wednesday, May 12
5. Enterprise Forum Satellite Broadcast "Placing Your Bets: Where Will the Smart Money Land" - Wednesday, June 2

*sponsored by e-club/sem095/sem089

1. MIT Enterprise Forum of Cambridge Presents "Beyond The Curve: Macroeconomic Trends Affecting Entrepreneurship In Massachusetts"

          MIT Enterprise Forum of Cambridge Spring Workshop
When:          Saturday, May 8, 7:30 AM - 2:00 PM
Location:      Hyatt Regency Cambridge
Sponsors:     MIT Enterprise Forum of Cambridge
Registration:   $160 ON SITE

Description:    This workshop is designed for those interested in the impact of social and technological forces on their business over the next few years, especially anyone charged with making strategic decisions, or building tactical solutions to a strategic effort. Specifically, this conference will examine three questions of interest to established companies, startups, nascent entrepreneurs, and investors:

Keynote Speaker:
Dana G. Mead - Chairman of The MIT Corporation and Retired Chairman and CEO of Tenneco, Inc.

Trends in Capital Markets
Trends in Innovation
Trends in Technology

2a. E-Club Meeting

What:           E-Club Meeting
When:          Tuesday, May 11, 6:00 PM - 7:00 PM
Location:     56-114
Sponsor:       E-Club

Description:    Formed in 1988 to encourage the MIT and Harvard communities and select professionals to discuss and develop all aspects of science and technology business creation. Members represent a range of experience and backgrounds including business, engineering, arts and sciences. Many MIT and Harvard startups have recruited club members. Our meetings are a friendly, if critical, forum for members and guests to:

contact:        Richard Shyduroff <rdshydur> or Reuben Cummings <reubano>
2b.  End-of-Term Dinner

          SEM.095 Final Presentation and End-of-Term Dinner
When:           Tuesday, May 11, 7:00 PM - 9:00 PM
Location:      66-148
Sponsors:     SEM.095 and INDOCHINE (formerly POPPA & GOOSE)
Cost:             Free for students. Otherwise count on $10 per-head, and because the e-club runs a take-a-student-to-dinner program, that means if you're coming to dinner it shall cost you a minimum of $20... larger contributions are always welcome!

Description:    While all dine students present their term paper research on the cases we've introduced in class and club, plus a few by their own cold-calls on 50k participants, and some independents, around mit.

RSVP:       Richard Shyduroff <rdshydur>

3. Babson MBA looking for partner in new retail industry venture

             Babson MBA looking for partner in new retail industry venture
Description:    below is the text of Jasen's email
Hello Sloan Innovation Club Members,

My name is Jasen Lew, and I currently am a Babson MBA student who is developing a new venture.  At this point, I am looking for a partner who possesses both a strong technical background along with a good foundation in business (please see attached for more details).  The venture will drive the retail industry to reach the next generation of the combination between brick-n-mortar and Internet.  Great opportunity for a Sloan student to work together with a Babson student focusing on entrepreneurship.

I am more than happy to discuss the business venture with anyone interested to assess interest and fit with the venture - feel free to e-mail or call (contact information in my signature below).  However, if you are not interested, but know of someone(s) who may be, please feel free to forward this e-mail on.

contact:       Jasen B. Lew
                    MBA Class of 2005
                    F.W. Olin Graduate School of Business
                    Babson College
                    Phone: +1 (650) 743 7048

4. $50K Final Awards Ceremony

           The 15th Anniversary MIT $50K Final Awards Ceremony
When:           Wednesday, May 12, 7:00 PM
Location:       Kresge Auditorium
Sponsor:        $50K

Description:    Launched in 1989 as a $10K competition by the MIT Entrepreneurs Club and the Sloan New Ventures Association, The MIT $50K Entrepreneurship Competition is a student-run competition, designed to encourage students and researchers in the MIT community to act on their energy, ideas and talent to produce tomorrow's leading firms. Over these years more than 80 MIT $50K entry teams have launched companies, creating over 1,600 jobs, with a value of more than $4 billion.

7 Finalists Presentations!  Come see who wins!

Keynote Speaker:
Vinod Khosla - Founding Chief Executive Officer of Sun Microsystems, Co-founder of Daisy Systems, General Partner of Kleiner Perkins Caufield & Byers

5. Enterprise Forum Satellite Broadcast "Placing Your Bets: Where Will the Smart Money Land" - Wednesday, June 2

  The MIT Enterprise Forum presents: "Placing Your Bets: Where Will the Smart Money Land"
When:   Wednesday, June 2, Networking Session: 5:30 to 7:00 pm (cash bar available), Program:  7:00 to 8:30 pm
Location:       Kresge Auditorium (Free Parking at West Garage)
Sponsors:       MIT Enterprise Forum
Tickets:        $20 - $35.  Full-time college students receive free admission with a current valid ID.

Description:    According to the American Venture Capital Exchange, there may be as much as $68 billion in venture capital available next year. Now that the economy may be stabilizing, the $68 Billion question is: "Where will this money invest?" Broadcast globally via satellite and web cast to MIT Clubs and Enterprise Forum chapters, "Placing Your Bets" is a can't-miss program for entrepreneurs looking to attract investors, as well as those interested in the hottest technologies and trends causing a stir among those that hold the purse strings.  An exclusive networking session will be held on the lawn in front of Kresge Auditorium before the program where you'll be able to meet members of Boston's entrepreneurial community.

Bob Metcalfe '68 - General Partner of Polaris Venture Partners, Ethernet inventor, 3Com founder
Guy Kawasaki - CEO of Garage Technology Ventures
Ann Winblad - co-founder of Hummer Winblad Venture Partners, Open Systems founder

contact:        MIT Enterprise Forum <mitef> 617-253-0015

Reuben Cummings
MIT Entrepreneurs Club President
Department of Chemical Engineering  c/o 2004
dorm: 617-225-7427
cell: 309-453-7908