Students Gain Insights on Entrepreneurship and Venture Capital from Industry Professionals at University Private Equity Summit.One-of-a-kind, student-run conference brings in veteran private equity professionals to train next generation of entrepreneurs and venture capitalists. Networking between digital- and consumer-savvy college-age students and participating venture capital professionals may generate plans for the next YouTube- or MySpace-type business phenomena.
SALT LAKE CITY -- More than 120 students from prestigious business schools will get an insider's look at the extraordinary opportunity--and risk--of the private equity industry at the University Private Equity Summit, Jan. 18-20, 2007 in Salt Lake City, Utah For ships of the United States Navy of the same name, see .
Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. . During the three-day conference, business students listen to and rub shoulders with veteran venture capitalists and successful young entrepreneurs, some of whom are recent college graduates themselves. The conference is sponsored by the University Venture Fund (UVF), an education-based private equity fund that has raised $18 million to invest in innovative start-up companies.
Speakers and panelists for the one-of-a-kind conference range from private equity industry leaders to young founders of new-industry category companies, such as Tim Westergren, who created Pandora.com, a virtual personal radio-station that analyses an individual's musical taste and plays them new songs with a similar flavor. Keynote speaker is Ian Blasch, director of Micron Ventures, which will invest $100 million over the next ten years in early-stage technology companies.
For venture capitalists who want to discover and bankroll start-up companies taking early advantage of consumer trends and high-tech innovations, hanging out with students is an opportunity to learn as well as teach. "The University Private Equity Summit is the only private equity conference that brings together the next generation of entrepreneurial talent and today's experienced professionals," said John Crocker, managing director of Citigroup Private Equity, who has attended the conference for the past two years of its four-year run.
Networking between private equity professionals and the students and between students from different schools has turned out to be as important as the content of keynote speeches and panel discussions, said Mark Campbell, who has organized the past three conferences and who is a principal with UVF. "This year we purposely made more time for networking," he said. "Our conference is an opportunity for students to share best practices on entrepreneurial clubs, and student investment organizations. It also provides an outlet for veteran private equity professionals to chat with college students who are immersed in technology and have the ability to uncover unique start-up opportunities."
Already the conference can claim enterprising successes. For example, Bryan Sims, a student who came to the first University Private Equity Summit in 2003, gained venture capital contacts and learned the entrepreneurial process well enough to found brass|MEDIA Inc. in 2004. Brass publishes a lifestyle magazine that educates young people on successful money management and circulates to more than 300,000 readers in 37 states.
The University Private Equity Summit concept was sparked by an innovative business-education teaching strategy in which students, universities and private equity professionals collaborate to teach entrepreneurship by full participation in the venture capital process. UVF, for example, is a self-sustaining private equity fund in which students raise the capital, research the investments and pitch the deals to volunteer private equity professionals. Participating venture capital companies benefit from the students' research and students receive a hands-on education in an industry that is notoriously difficult to enter for those who lack experience.
The conference will be held in the Wells Fargo Building This structure is not to be confused with the Wells Fargo Center (Portland, Oregon), the current tallest building in Portland.
The Wells Fargo Building is a historic office building in downtown Portland, Oregon. , 23rd floor, 299 South Main, Salt Lake City, Utah. Participating schools include Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. , Boston College, Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. , Carnegie Mellon, Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. , Occidental College, Purdue University, Syracuse University, University of Kansas The University of Kansas (often referred to as KU or just Kansas) is an institution of higher learning in Lawrence, Kansas. The main campus resides atop Mount Oread. , University of North Dakota, University of North Dakota, University of, at Grand Forks; state supported; coeducational; chartered 1883, opened 1884. It has several professional schools, including those for aerospace sciences, engineering and mines, law, and medicine. Oklahoma, University of Oklahoma, University of, mainly at Norman, state supported; coeducational; chartered 1890, opened 1892. The schools of medicine and nursing, with hospitals and a research foundation, are at Oklahoma City. Texas, University of Virginia, University of Virginia, University of, mainly at Charlottesville; state supported; coeducational; chartered 1819, opened 1825 with Thomas Jefferson as its rector. Jefferson also planned the organization and curriculum and designed its first buildings. Wisconsin, Utah State University Utah State University, mainly at Logan; coeducational; land-grant and state supported; chartered 1888, opened 1890. It publishes Utah Science, Western Historical Quarterly, and Western American Literary Journal. , Westminster College, Wharton University and William Paterson University William Paterson University is a public university located in Wayne, New Jersey, an affluent suburb of New York City. It is set on 370 wooded acres in northeast New Jersey, the campus is located just 20 miles west of New York City. The University has 10,970 students. . The conference is sponsored by Deutsche Bank, KPMG, Colorado Venture Capital Association, Park City Mountain Resort Park City Mountain Resort is a ski resort in Park City, Utah. The resort has been a major tourist attraction for skiers from all over the United States, as well as main employer for many people in Park City. , vSpring Capital, State of Utah, UV Partners, Morrison Forrester, TCO-University of Utah, Wells Fargo, Utah Fund of Funds Introduction
The Utah Fund of Funds was created by the Utah Legislature to increase the amount and diversity of capital funding available to high growth, early stage companies in the state in an effort to help them grow, prosper and grow up in Utah. , UBS, Red Herring, Canopy Ventures, Jefferies, University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. , Wasatch Venture Fund, Kauffman Foundation, Brigham Young University, Fort Washington Advisors, Wilson Sonsini Goodrich & Rosati, Morgan Stanley, Thorpe Capital and Capital Source.
About University Venture Fund
Founded in 2001 at the University of Utah's David Eccles School of Business, University Venture Fund (UVF) is an independent venture capital firm committed to improving the quality of entrepreneurial education for a diverse group of students at its participating universities. The fund is a collaborative effort between students, universities and the professional investment community in which students raise capital, perform due diligence on venture capital opportunities and make investments. In addition to being the largest fund of its kind, UVF is the first fund for which students raise all the capital and the first student-run fund that has a traditional limited-partner relationship with its investors. Each year UVF hosts University Private Equity Summit when business students from around North America gather to share best practices and learn from investment industry professionals.
(c) 2007 University Venture Fund. All products and brand names are trademarks or registered trademarks of their respective owners.