Kellogg | Mr. Multinational Strategy
GRE 305, GPA 3.80
MIT Sloan | Mr. Semiconductor Engineer
GMAT 750, GPA 3.68
Stanford GSB | Mr. 750
GMAT 750, GPA 3.43
Columbia | Ms. Cybersecurity
GRE 322, GPA 3.7
Wharton | Mr. Global Perspective
GMAT 750, GPA 3.6
Harvard | Ms. JMZ
GMAT 750, GPA 3.47
Harvard | Mr. Bangladeshi Analyst
GMAT 690, GPA 3.31
MIT Sloan | Mr. International Impact
GRE 326, GPA 3.5
IU Kelley | Mr. Businessman Engineer
GMAT 690, GPA 7.26/10
MIT Sloan | Mr. Surgery to MBB
GMAT 750, GPA 3.4
Ross | Mr. NCAA to MBB
GMAT 710, GPA 3.2
Duke Fuqua | Mr. National Security Advisor
GMAT 670, GPA 3.3
Darden | Ms. Teaching-To-Tech
GRE 326, GPA 3.47
Wharton | Mr. Data Scientist
GMAT 740, GPA 7.76/10
IU Kelley | Ms. Marketing Manager
GRE 294, GPA 2.5
McCombs School of Business | Mr. Consulting Analyst
GMAT 700, GPA 7.7/10
Stanford GSB | Mr. FinTech Engineer
GMAT 760, GPA 3.8
MIT Sloan | Mr. Hopeful CXO
GMAT 750, GPA 3.56
Stanford GSB | Mr. Deferred MBA
GMAT 760, GPA 3.82
SDA Bocconi | Mr. Hotel International
GMAT 570, GPA 2.8
Harvard | Mr. Renewable Energy Investing
GMAT 740, GPA 4.0
Foster School of Business | Mr. CPG Tech
GMAT 770, GPA 2.9
Berkeley Haas | Ms. Midwest Startup
GRE 328, GPA 3.51
Yale | Mr. Fencer
GMAT 740, GPA 3.48
INSEAD | Mr. Indian In Cambodia
GMAT 730, GPA 3.33
Tuck | Mr. South African FinTech
GMAT 730, GPA 3.08
London Business School | Mr. Indian Electric Tech
GMAT 620, GPA 3.5

Harvard Coaxes 150 Startup Ideas Out Of Its MBA Students

HARVARD IMPOSED AN APRIL 18TH DEADLINE FOR TEAMS TO LAUNCH THEIR BUSINESSES

The goal for Saskin’s team and all the others was to launch an actual business by April 18th. On that day, each team had to do another ten-minute presentation before investors began trading yet again. Saskin, who acts as chief financial officer in charge of contracts and accounting, along with teammates Pat Griffin and Maxine Botesazan, presented to investors. They showed screenshots of their website and a slick marketing video to further explain the concept.

At Yenta, users can sign up as either a “Yenta,” a matchmaker, or a “Catch”, a friend who’s ready to be set up. Yentas can log in using Facebook, quickly discover which of their friends are on the site as either Yentas or Catches, and then start setting up their single friends. The team has a three-tier “freemium” business model. Anyone can use the site for free, but if Yentas want to match more than five friends, they have to fork over $1. Mostly, though, the team hopes make money by offering “strategic advertising” targeted to the matching and dating experience.

During the ensuring two-hour trading session, students made more than 14,000 trades. Yenta stock shot up by some 50% to trade in the $60 range. But the day’s highest closing price went to IvyKids, a startup that is launching an educational iPad application that bridges the virtual and physical worlds. IvyKids, which closed at nearly $360 a share, has already secured funding from outside Harvard and recruited an advisory board member from Disney.

AMERICAN IDOL-LIKE VOTING EXPECTED DURING ‘IPO’ DAY

The best of the concepts will be presented to external judges who will come to campus on May 14th for what Harvard is calling “IPO Day.” One winner will be selected from each of the ten HBS sections that make up the Class of 2013. “We’ll have text voting like American Idol,” says Phoebe Anderson, a FIELD coordinator.

So far, students seem to be fairly positive a about the process. “It’s been a great experience,” says Saskin. “There have been a lot of ups and downs. We’re the guinea pigs.”

Obviously, not all of the ideas will make it. Those that don’t enter what Harvard calls a “failed business track,” where the rest of the term is spent on autopsies to reflect on why the ideas didn’t quite work. “It’s impossible to imagine that 150 businesses based on teams that had never worked together would create 150 successes,” adds Professor MacCormack. “The going-to-market track is about selling and going to customers and proving your idea. And the other is understanding that failure is a very natural outcome in entrepreneurship.”

At Launch Day on April 18th, nine out of the 150 teams went to “failed business track,” though more teams are expected to fold over the next week or so. “It’s probably better for their learning to step back and reflect at this time rather than push forward,” says MacCormack.

And for one enterprising team, failure became an opportunity: the group is launching a business called “failed business track” that sells t-shirts to the losing teams. As the group explains on its e-commerce website, “A lot of funny things happen to you at business college. We’re here to make those moments of hilarity, joy, and, well, embarrassment, permanent.”

DON’T MISS: HBS PREPS 900 FOR A MASSIVE GLOBAL INVASION or THE REINVENTION OF HARVARD BUSINESS SCHOOL

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.