Entrepreneurs in Residence Give Boost to Startups at Georgetown University
Initial results from the Entrepreneurs in Residence (EiR) program at Georgetown University’s McDonough School of Business demonstrate success in fostering student entrepreneurs in the business school as well as the University’s other schools, including the School of Medicine and Walsh School of Foreign Service.
Adhering to common sense and explicit ethical guidelines, Entrepreneurs in Residence serve as mentors and advisors to alumni and students throughout the university who are interested in entrepreneurial careers. Entrepreneurs in Residence also participate in various projects of the Georgetown Entrepreneurship Initiative, and serve as guest speakers, competition judges, and curriculum advisors on entrepreneurship at the McDonough School of Business.
Last semester, the new EiR program reached 300 students. Entrepreneurs in Residence met one-on-one with 35 students and alumni to advance their business ideas, career decisions, and on-going businesses. Outcomes of these meetings have been encouraging. Students and alumni have responded well to the candid feedback from EiRs and showed concrete progress towards their goals. The EiR program has also spurred talks with the School of Medicine to create events that promote entrepreneurship in biotechnology and medicine.
“My company has gained significant traction in recent months following the advice of an Entrepreneur in Residence to persevere through a cofounder issue, establish a partnership pipeline, and focus like a laser on product development,” Dan Berger (MBA ’10), Founder, Social Tables, a web-based event planning platform.
“Georgetown’s McDonough School of Business is focused on supporting a consistent exchange of ideas and activities between our students and faculty on campus, and entrepreneurs in the greater business community,” said Jeff Reid, director of the Entrepreneurship Initiative at Georgetown McDonough.
New Entrepreneurs-in-Residence this semester include Jeff Fine, chairman of CIBT; Donna Harris, managing director of Startup Regions; Shaun Johnson, associate at TechStars; and Veeral Majmudar, president and CEO of SavanGroup. Returning from last semester are Alyssa Lovegrove, CEO and founder, New Venture Mentors; David Ross, health care innovation consultant, Johnson & Johnson; T. Richard Stroupe Jr., founder and managing principal, Crimson Holdings LLC; and Susan Wilson, founder and CEO of FundHer.
Jeffrey Fine is chairman of the Board of Directors of CIBT Inc, a global expediter of visas and passports based in McLean, VA. Since acquiring CIBT in 2003, he has led the company through 25 acquisitions and four rounds of institutional financing, culminating in the sale of CIBT to ABRY Partners in December 2011. Fine also is a director of Relectric LLC, a San Jose CA-based remanufacturer and distributor of electrical components owned by The Audax Group. Fine has been an advisor to AEA Investors, a multi-billion dollar private equity fund. Previously he owned and invested in several middle-market companies. He has been profiled inForbes, BusinessWeek, and American Executive. He holds a BA from Cornell University and an MBA from The Kellogg Graduate School of Management at Northwestern University.
Donna Harris is managing director of startup regions for the Startup America Partnership. Having founded or been on the senior leadership team of four separate companies, Harris is focused on accelerating the formation of strong regional entrepreneurial ecosystems that foster successful startups and accelerate their growth trajectory. She is an alumna of Springboard Enterprises, a nonprofit focused on scaling high-growth, women-led businesses, which has helped nearly 450 women-led companies raise $5 billion in equity financing. Harris received her bachelor’s degree from Central Michigan University and her MBA from The University of Michigan Ross School of Business.
Shaun Johnson is an associate at TechStars, a startup accelerator providing seed stage investment and mentorship. Previously, Johnson was a management consultant in Booz Allen Hamilton’s Strategic Technology & Innovation practice. He has advised companies across the emerging technology landscape, including smart grid energy, healthcare IT, broadband infrastructure & alternative assets. Prior to that, Johnson managed metadata and econometrics at the Bureau of Labor Statistics. Johnson holds a B.A. in computer science and sociology from Georgetown University and an MS in information systems from The Johns Hopkins University.
Veeral Majmudar is the president and CEO of Savan Group LLC, a boutique strategy and management consulting firm in Arlington, VA. He started the company in 2006 and has led it through a significant period of growth and success. The firm’s client list includes the seven federal agencies spanning 17 projects. Recently, the firm was recognized by Consulting Magazine as one of seven “small jewels” in the country to watch in 2011 and beyond. Prior to his current position, Majmudar was an associate at Booz Allen Hamilton. Earlier, he served as a senior consultant with KPMG Consulting. Majmudar received his BS degree in business administration from Birmingham-Southern College and his MBA from Georgetown’s McDonough School of Business in 2007.
About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visithttp://msb.georgetown.edu.
About the Georgetown Entrepreneurship Initiative
The Georgetown Entrepreneurship Initiative inspires Georgetown University students to be entrepreneurial, teaches them the entrepreneurial lessons learned by others, connects them to useful resources, and helps them pursue their own unique entrepreneurial interests. The initiative manages an array of courses and extracurricular programs to serve the Georgetown University entrepreneurial community, both within and without the McDonough School of Business, and fosters strong connections to the vibrant Washington DC entrepreneurial community. Signature programs include the Hoya Challenge Business Pitch Competition, the MSB Entrepreneurial Fellowship, the Georgetown Entrepreneurship Alliance, the Georgetown Entrepreneurship Faculty Exchange, Entrepreneurs in Residence, and events such as Georgetown Entrepreneurship Day, the Venture Capital Investment Competition, and DC Entrepreneurship Week. eship.georgetown.edu @hoyaprenuer #GtownEship