Nearly 60 Wharton and Penn alumni crowded into a classroom at Wharton San Francisco one evening in December for a workshop with Bay Area industry executives on alternatives to equity financing. They talked about how companies optimize their capital structure over the various life stages of growth—from grants and accelerator programs to term loans and lines of credit.
By Miranda Wang C’16, Co-founder of BioCellection Inc
The phrase that was said the most during my 4-day trek in the Bay Area with the Silicon Valley Bank team and 19 peers from 10 universities was “paying it forward.” From as early as one and a half months before heading into the program, it was clear that the relationships formed during this Silicon Valley crash course and socializing bootcamp would be life transforming. The trek took us from the homebase WeWork in SF, the hippest co-working space, to Twitter, and Sand Hill Road. Spending 8AM-8PM for three consecutive days with a very impressive group of young innovative business minds facilitated the formation of some truly valuable relationships. By the end of the program, participants were exchanging funny Groupme texts and sharing contacts of influencers that we have met throughout the week. Everyone was adopting the lessons learned about “paying it forward” to beneficially build onto one another’s networks.