It is worth investing in Georgetown student and alumni businesses that focus on doing well by doing good, according to Ted Leonsis (C’77, Parent’14, ’15), founder, chairman, principal, and chief executive officer of Monumental Sports & Entertainment, and a team of expert entrepreneurs at Georgetown Entrepreneurship’s Bark Tank Pitch Competition held Tuesday, Oct. 27, at Georgetown University’s McDonough School of Business.
Inspired by the business pitches, Leonsis announced that the total amount of the Leonsis Family Entrepreneurship Prize would increase this year so that the students and alumni had more funds to grow their ventures.
“These kinds of events are filled with passion and people,” said Leonsis. “The power of their ideas and leaving behind more than what you came with is so inspirational. This generation is very focused on doing things the right way, which is breathtaking. Therefore, we want to ensure you are rewarded.”
Also, Leonsis underscored Georgetown McDonough’s focus on business and society, as well as the value of its Washington, D.C. advantage.
“We have seen on the campus of Georgetown that creating your own business is a positive career choice,” said Leonsis. “Also, we see this triple-bottom-line ethos, for which Georgetown McDonough is becoming known. Activating this entrepreneurial spirit across Georgetown can make this university one of the most important universities in the world located in one of the most important cities in the world.”
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