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Jul 23, 2014

TechCrowd: How to crowdfund without losing your shirt

WE Faculty in the News

“The danger of fraud is pretty low, but there’s a good chance that your products will be delivered late and potentially in a slightly different form than you originally intended.” That’s Wharton Professor Ethan Mollick’s assessment of the reality of the “fraud” problem on crowdfunding sites.

Jul 22, 2014

Inquirer.net: Fil-Am boutique sells kids’ wear then buys them back for resale

Alumni in the News, Women entrepreneurs

Sammy and Claire, founded by Geralyn Villaflor WG’08, not only sells “pre-loved” luxury children’s clothes–they also buy them back. Read more here.

Jul 22, 2014

Technically Philly: How Wharton MBA startup Tesorio is helping Yards Brewing save money

Alumni in the News, Philadelphia, VIP alumni in the News

Carlos Vega WG’14 and his company Tesorio are helping companies like Yards Brewing pay their vendors sooner — and save money in the process. Read more here.

Jul 21, 2014

Business Standard: Lunch with BS: Kunal Bahl

Alumni in the News, India

India’s Business Standard had dim sum with Wharton entrepreneur and Snapdeal founder Kunal Bahl. Read more here.

Jul 18, 2014

Philly.com: Matt & Marie’s offers new take on Italian sandwich

Alumni in the News, Philadelphia, VIP alumni in the News, WBPC finalists/winners, Wharton Business Plan Competition, Women entrepreneurs

Great Q&A with Nicole Capp WG’14, co-founder of Matt & Marie’s Italian Sandwiches, with a nice shout-out to the WBPC. “Just call these sandwich makers Italian Stallions.” Yes.

Read more here.

Jul 17, 2014

USA Today College: Entrepreneurship programs foster student innovation

Undergrads, VIP, Wharton entrepreneurship

VIP gets a spotlight in this great article in USA Today College. Quotations from students Aaron Goldstein, co-founder of Life Patch, and Adina Luo, co-founder of Black Box Denim.

Jul 16, 2014

Technically Philly: 7 startups in the Science Center’s first Digital Health Accelerator class

Alumni in the News, Healthcare, innovation, Philadelphia, VIP alumni in the News

We count at least two WE companies in the first University City Science Center Digital Health Accelerator: Fitly and Curbside Care. Read more here.

Jul 16, 2014

Philly.com: PhillyDeals: Pet insurers chase a bigger U.S. market

Alumni in the News, VIP alumni in the News, WBPC finalists/winners

PhillyDeals covers Chris and Natasha Ashton, both WG’03, and their pet insurance company Petplan. Read more here.

Jul 16, 2014

Quartz: This company sells Indians beverages with a dose of nostalgia, in a way Coke or Pepsi never can

Alumni in the News, India

India’s traditional, regional beverages, now hygienic and ready-to-drink, courtesy of Neeraj Kakkar and James Nuttal, both WG’10. Read more here.

Jul 16, 2014

Technically Philly: Meet three Penn startups using Radian Apartments as a young startup hub

Philadelphia, Undergrads

Three startups with cofounders from the University of Pennsylvania are being built this summer inside the Radian Apartments, a modern, gray building in University City. All three say they’re sticking around to be closer to each other. Read more here.

Jul 11, 2014

Technically Philly: After their hack went viral, these Penn freshmen got recruited by Nest

WE Students in the News

Four Penn students are now working for Nest in California. But they’ll be back in the fall to start their sophomore year. Read more here.

Jul 11, 2014

Rolling Stone: Beck to Release ‘Song Reader’ LP Featuring Jack White, Fun. and More

Alumni in the News, innovation, VIP alumni in the News, WBPC finalists/winners

Rolling Stone covers Beck’s “most unusual release:” Warby Parker Presents Beck Song Reader. Read more here.

Jul 10, 2014

Ernst and Young: 2014 winners announced

Alumni in the News, VIP alumni in the News

Jake Schwartz WG’08, founder of General Assembly, was named a 2014 Ernst and Young Entrepreneur of the Year in New York. Read more here.

Jul 1, 2014

Business Insider: A Former Hedge Fund Manager Created A Fancy Shuttle Service To Compete With Private Jets

Alumni in the News

Wharton alum Richard Fertig found a problem to solve when he remembered the low-quality ground transportation he’d experienced as a hedge fund manager.
His solution: Brilliant Transportation, luxury vans that rival private jets in comfort, utility, and style. Read more here.

Jul 1, 2014

Crowdfund Insider: 500 Startups Partners with Equity Platform SeedInvest For Investor Verification; Public Fundraising for $100M Fund III

Alumni in the News, VC

SeedInvest, co-founded by Ryan Feit WG’12, is partnering with 500 Startups — together, they’ll publicly fundraise for a $100M Fund.
New rules, new game. Title II of the JOBS Act made this possible. We’re going to be watching with interest. Read about it here.

Jul 1, 2014

The Guardian: FundersClub’s Alex Mittal: the web will make venture capital more transparent

Alumni in the News, VIP alumni in the News, WBPC finalists/winners

Alex Mittal ENG’07/W’07, founder of FundersClub, gave the Guardian the lowdown on the future of venture capital. Read the interview here.

Jul 1, 2014

Philly.com: He ditched med school for software that helps doctors

Healthcare, VIP alumni in the News, WBPC finalists/winners

Penn alum (and VIP member, and WBPC finalist) Eric King is helping doctors make complicated diagnoses, using his software, Grand Round Table.

Read more about Eric here.

Jul 1, 2014

Wired: Is Warby Parker Too Good to Last?

Alumni in the News, VIP alumni in the News, WBPC finalists/winners

So proud that Warby Parker, founded by 4 Wharton MBAs while they were students, has distributed 1 million pairs of glasses to people in need.
Growing a business, changing the world. Read about why this worries Wired here.

Jul 1, 2014

Philly.com: Matt & Marie’s: Italian sandwiches with a side of Wharton

Alumni in the News, VIP alumni in the News, VIP Companies in the News

Matt & Marie’s, founded by Wharton grads Nicole Capp and Justin Sapolsky, is opening on Monday, June 30! Two Logan Square (18th Street, north of Arch).
Yum. Read more here.

Jul 1, 2014

Inc.: Translation at the Click of a Button

Alumni in the News, innovation, VIP alumni in the News

VerbalizeIt, founded by #WhartonGrad Ryan Frankel, made Inc.’s list of 35 Under 35 Coolest Entrepreneurs. Read more here.

Jun 16, 2014

WCPO Cincinnati: ConnXus: Mason company works to connect corporations with women- and minority-owned companies

Alumni in the News

“The roughly 14 million U.S. companies owned by women and minorities represent about half of all the nation’s businesses.
But those same firms account for only 6 percent of the total revenue generated by businesses in the U.S.”
Rod Robinson WG’95, founder of ConnXus, is looking to change those numbers. Read about it here.

Jun 16, 2014

Crack the MBA: Shark Tank and MBA Programs

Alumni in the News

Crack The MBA, founded by Nupur Gupta WG’10, takes a look at how MBAs have fared on Shark Tank. Pleased to see that Wharton’s had the most alumni-founded ventures on so far! Read more here.

Jun 16, 2014

USA Today: Change Agents: Harry’s has shaving in a lather

Alumni in the News, WBPC finalists/winners

The “animals” that Harry’s co-founders Jeff Raider (WG’10) and Andy Katz-Mayfield test their shaving products on? Themselves. This according to the charming video USA Today made about them. Watch it here.

Jun 16, 2014

Popular Mechanics: Tesla Goes Open Source: What Gives?

Alumni in the News, innovation

“We felt compelled to create patents out of concern that the big car companies would copy our technology and then use their massive manufacturing, sales and marketing power to overwhelm Tesla. We couldn’t have been more wrong. The unfortunate reality is the opposite….” wrote Elon Musk C’97/W’97. So now the patent portfolio of Tesla Motors is open. Wow. Read more about it here.

Jun 12, 2014

Philly.com: The Cutting Edge

Alumni in the News, innovation, Wharton Business Plan Competition

Graphene Frontiers, founded by Mike Patterson WG’12, was a WBPC finalist in 2012. Now Mike and his company are changing the world with medical diagnostics of “unprecedented speed and sensitivity”. Read more here.

Jun 12, 2014

Technically Philly: Firefly acquired by Pegasystems

Alumni in the News, Undergrads

Firefly, co-founded by Penn grads Dan Shipper and Justin Meltzer while they were still in school and funded by Dorm Room Fund, was acquired by Pegasystems (for an undisclosed amount). Read more here.

Jun 12, 2014

Financial Times: Business model: Stone & Strand

Alumni in the News, innovation, Women entrepreneurs

The story behind these gorgeous pieces of jewelry is what makes them sell.
It’s a new model that Nadine McCarthy WG’12 is using with her startup Stone & Strand, combining editorial content with online shopping to fill a gap in the market. Read the story here.

Jun 12, 2014

Technically Philly: Curalate just raised $8.6M

Alumni in the News

Apu Gupta’s (WG’05) Curalate, a Philly-based Pinterest analytics firm, has just raised $8.6M! Read the story here.

Jun 12, 2014

Benjamin’s Desk: A Defining Moment for Springboard Collaborative

Alumni in the News, VIP

Springboard Collaborative (founded by Alejandro Gac-Artigas GED’11) has contracted with the Philly School District. Great news for Alejandro and Springboard, and even better for Philly kids! Read about it here.

Jun 12, 2014

Bloomberg: Family Offices Team Up Taking Page From Private Equity

WE Faculty in the News

Our own Raffi Amit, Wharton prof and co-Director of Wharton Entrepreneurship, weighs in on “family offices” for Bloomberg. Read about it here.

Jun 12, 2014

Fox News Latino: Dominican Immigrant Launches Startup That Eases Money Transfers To Latin America

Alumni in the News

Fox News Latino profiles Edrizio De La Cruz WG’11 and his money transfer startup Regalii. Read the story here.

Jun 12, 2014

BostInno: Meet the 128 Startups Accepted Into MassChallenge’s Summer 2014 Class

Alumni in the News

Penn alumni-founded Beat Farm (“Unleash the rare and incredible moments when music connects perfectly to your life. BE THE BEAT.”) made it into the MassChallenge Summer 2014 class! Read about it here.

Jun 12, 2014

Fast Company: Download This: Two Good Reads To Help You Find Meaning At Work

Alumni in the News, VIP, Wharton Business Plan Competition

Hey recent Wharton Grads:
Here’s what Neil Blumenthal, co-founder of Warby Parker, has to say about his latest read, Adam Braun’s The Promise of a Pencil: “To be honest, I wish I read it when I was about to graduate college …. It’s sort of reaffirming that life is about following your passions, and to follow your passion, you have to discover what that is.”
Click through to see what else Neil’s reading. Read it here.

Jun 12, 2014

Trak.in: SlideRule, A One Stop Destination For Best Online Courses Available On The Web

Alumni in the News, Teaching/Learning, Technology

Which MOOC is best for you? SlideRule, founded by Wharton alum Gautam Tambay, lets you search them all. Read about it here.

Jun 12, 2014

Harvard Business Review: How Non-Native Speakers Can Crack the Glass Ceiling

WE Faculty in the News

Non-native English speakers may still have a glass ceiling, according to Wharton prof Laura Huang — but now Huang offers ways to beat this subtle form of discrimination. Read her ideas here.

Jun 12, 2014

Business Insider: 5 Keys to Success That An Entrepreneur Learned In The Marines

Alumni in the News, Wharton Business Plan Competition

Robert Seo, WG’12 and co-founder of Slidejoy, Grand Prize winner of the 2014 Wharton Business Plan Competition, shares 5 “keys to success” that he learned in the marines. Read them here.

Jun 12, 2014

CNBC: Warby Parker co-founder takes on Gillette

Alumni in the News, EIRs in the News, VIP, Wharton Business Plan Competition

Love this video about Harry’s (co-founded by Jeff Raider WG’10) from the CNBC “How I Did It” series. Watch the video here.

Jun 12, 2014

Economic Times of India: Snapdeal on a roll, raises $100 million from five investors including Premji Invest

Alumni in the News

Wow, another $100M for Snapdeal, founded by Kunal Bahl W’06/E’06! That’s the third investment for Snapdeal this year, making the company the fourth in India to be valued at $1 billion. Read the full story here.

Jun 12, 2014

NY Daily News: Dominican immigrant creates tech startup to send money home to family

Alumni in the News

Dominican immigrant Edrizio De La Cruz WG’11 gives back to his community with his startup Regalii, which gives immigrants a safe, direct way to send money to their family members. Read about it here.

Jun 12, 2014

Business Insider: 30 and Under: Rising Stars in Silicon Valley Who Find Hot Startup Deals and Invest Millions

Alumni in the News, VC

Business Insider tags the best VCs under 30, including Derek Chu W’11. Read the list here.

Jun 12, 2014

Philly.com: Crowdfunding may have reached its high-water mark

WE Faculty in the News

Wharton prof Ethan Mollick weighs in on crowdfunding fatigue: “People wanted to build community, judge demand, find out whether their idea was a good idea,” he said. “But you have to be honest. The crowd is pretty smart, and they don’t like to be taken advantage of.” Read the story here.

Jun 12, 2014

Technically Philly: Osmosis: medical education app wins $50K at Milken-Penn competition

Alumni in the News, VIP

The Penn Graduate School of Education has its own Business Plan Competition, and VIP company Professor Word, founded by Betty Hsu WG’14 and Ivan Chang, took a $20K price for innovation! Read the story here.

Jun 12, 2014

Business Insider: 6 Steps for Giving your Mobile App Exposure on a Global Scale

Alumni in the News, VIP

Ryan Frankel WG’12, founder and CEO of VerbalizeIt, gives his 6 steps for giving your mobile app exposure on a global scale. He should know — VerbalizeIt does real-time translation on a global scale every day. Read them here.

Jun 12, 2014

TechCrunch: Soldsie, The Service That Lets You Shop Via Facebook and Instagram Comments, Raises $4 Million

Alumni in the News

Some Wharton on Wharton love: Soldsie, founded by Chris Bennett W’07, raises $4 million in Series A funding from First Round Capital, founded by Josh Kopelman W’93. Read all about it here.

Jun 12, 2014

Keystone Edge: In higher ed, it’s all about fresh thinking for a shifting economy

Wharton entrepreneurship

Entrepreneurship is popping up at colleges all over PA! Of course, it pops here at Wharton Entrepreneurship every day.
Great quote from our own Emily Cieri. Read the article here.

Jun 12, 2014

Philly.com: VeryApt can simplify your apartment search

Alumni in the News, Wharton Business Plan Competition

Great Q&A on Philly.com with VeryApt co-founder Ashrit Kamireddi WG’14.
Did we mention that VeryApt took 3rd Prize in the Wharton Business Plan Competition?

Read the article here.

Jun 12, 2014

Metro: Unique folding sunglasses company gets FIFA’s prized World Cup contract

Alumni in the News, VIP

Glass-U is the new official FIFA World Cup logo-bearing sunglasses! Congrats to founder Dan Fine W’15. Read more here.

Jun 12, 2014

Wall Street Journal: Google Ventures Leads $130M Round for Big Data Medical Software Company Flatiron Health

Alumni in the News, EIRs in the News, Healthcare

$130M for Flatiron Health, founded by Wharton alumni Nat Turner and Zach Weinberg, from Google Ventures — its largest medical software investment yet! Read more here.

Jun 12, 2014

The Times of India: Snapdeal to go public in 1-2 years: Co-founder Kunal Bahl

Alumni in the News, India

The Times of India walks through the evolution of Snapdeal, founded by Kunal Bahl W’06/E’06, culminating in Kunal’s tantalizing hope that they’ll go public in the near future. Read the article here.

Jun 12, 2014

Entrepreneur: How This Pet Startup Raised $4.5 Million in Funding

Alumni in the News, WBPC finalists/winners

2003 WBPC Grand Prize winners Laura J. Bennett WG’03 and Alex Krooglik WG’03 moved to Cleveland and started Embrace Pet Insurance. This is their story.