Archive for December, 2011

VC Circle: “Snapdeal Bets On Lifestyle E-commerce”

December 23, 2011

SnapDeal founder Kunal Bahl (W’06/ENG’06) talks about the company’s move into product sales. “According to Bahl, there are 11 million registered users on Snapdeal and about one in eight online users ‘browse and buy’ from Snapdeal.” (12/23/2011) WATCH INTERVIEW

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Third Wave Fashion: “Startup Seven: Stylitics’ New Path to Market Research”

December 22, 2011

Third Wave Fashion interviews Zach Davis, co-founder (along with Rohan Deuskar WG’11) of Stylitics, winners of the 2011 Wharton Business Plan Competition (12/21/2011) MORE

Entrepreneur Magazine: “How Entrepreneurs with Social Vision Secured Venture Capital”

December 22, 2011

Entrepreneur Magazine: According to Lee Fixel, Managing Director of Tiger Global Management, Warby Parker (co-founded by Wharton alums Neil Blumenthal WG’10, Dave Gilboa GEN’10/WG’10, Jeff Raider WG’10 and Andy Hunt WG’10) “had developed great products and figured out new and cost-efficient ways to build and market them. This is a large industry that has been starved for innovation.” (12/22/2011) MORE

Fast Co. Design: “Coursekit Aims To Overhaul How Teachers Run Their Classrooms”

December 21, 2011

The Coursekit team (a Wharton Venture Initiation Program alumni company) is “always asking ‘how can we make it feel living and human?'” (12/21/2011) MORE

Tech Crunch: “Social Video Broadcasting Platform Spreecast Raises $4 Million”

December 21, 2011

Spreecast – founded by Wharton alum Jeff Fluhr (W96/ENG96) – “has raised $4 million in seed funding” (12/21/2011) MORE

Washington Post – On Small Business: “For start-up jobs, graduates taking American degrees to India”

December 21, 2011

Wharton alum Kunal Bahl (W’06/ENG’06) – founder of Snapdeal.com – talks about India’s entrepreneurial climate. (12/20/2011)  MORE

Forbes: 30 Under 30 – Techology

December 19, 2011

Wharton Venture Award winner and founder of Milo.com (acquired by eBay), Jack Abraham, named to Forbes 30 Under 30 – Technology list. MORE

USA Today: Zynga CEO Mark Pincus (W’88) “calls Zynga his ‘crowning achievement'”

December 19, 2011

“‘This is a (seminal) event for an Internet boom,’ says John Doerr, a partner at Kleiner Perkins Caufield & Byers, the largest venture investor in Zynga, who spoke before Zynga started trading. ‘Zynga’s IPO is a commencement of a new phase (for Internet companies), and a springboard for the company.'” (12/18/2011) MORE

Forbes.com: “How crafty startups handle job recruiting”

December 19, 2011

Wharton Entrepreneurial Programs’ Start-Up Auction featured as “an easier way for MBA students and [start-up] companies to pair up.” (12/19/11) MORE

Forbes: “Today’s ‘G’ Generation: Replacing Greed With Generosity”

December 15, 2011

Forbes: “The generosity factor [is a] value that is increasingly important to the public” and the buy-one-give-one business model, as exemplified by Wharton Venture Initiation Program alumni company Warby Parker, is “a most effective approach for doing good.” (12/14/2011) MORE

TechCrunch: “Seva Search Raises $1.3 M To Connect Consumers With Local Businesses”

December 15, 2011

TechCrunch: “Investors in the Series A round include Fortify.vc, Ed Mathias, Tim Sykes, Jay Virdy, David Eisner, Andrew Bachman, Jigar Shah, Krishna Subramanian, Vishal Gurbaxani, Arjun Dev Arora, Saket Saurabh, plus angels Paul Silber, David Krauskopf, John Lapides, Roger Richter, Glen Hellman and John Cammack. Badder Alghanim, James and David Dingman, Alex Edmans and John Villa were listed by the company as ‘supporters.'” Seva Search was co-founded by Manpreet Singh WG’09. (11/1/2011) MORE

Harvard Business Review: “Four Reasons Why an Online Retailer Decided to Open Stores”

December 15, 2011

In “Four Reasons Why an Online Retailer Decided to Open Stores”, Warby Parker (a Wharton Venture Initiation Program alumni company) co-founders Neil Blumenthal WG’10 and Dave Gilboa GEN’10/WG’10, discuss their unique approach to selling eyeglasses and connecting with customers. (12/14/2011) MORE

New York Times: “For Fashion Start-Ups, a Bridge to Investors”

December 15, 2011

New York Times: “Last week, FashInvest held its second annual Capital Conference at F.I.T., a daylong event at which fashion and retail companies were given eight minutes to promote their brainchild to more than 50 possible backers. … After Jenny Wu and Nina Cherny (both WG’11/G’11), founders of Stylyt, pitched their company, they said they were approached by Daniel Schultz, a founder and marketing director of DFJ Gotham Ventures. He said that Stylyt was one of the companies that leverages technology to enhance the consumer experience. (12/14/2011) MORE

CMIO Magazine: “FDA OKs handheld device to detect skull bleeding”

December 15, 2011

The Infrascanner Model 1000 was developed by 2004 Wharton Business Plan Competition winner InfraScan, Inc. From the 2004 press release: “[the original technology, the HematoScope is based] on the patent of co-founder, 90 year old University of Pennsylvania Medical School Prof. Britton Chance.” You can read more about InfraScan, Inc. in the Wharton Magazine and to read the full CMIO article, please go here.

TechCrunch: “Entrepreneurs Debut $2.5M Accelerator To Invest In India-Focused Startups”

December 14, 2011

Wharton Venture Initiation Program company EkSMS (co-founded by Anirudh Suri WG’12 and Vikas Sekhri WG’12) 1st company to join Indian startup accelerator India Internet Group (12/13/2011) MORE

VentureBeat: “Shop online, try it out in person: Kembrel gives hybrid retail sales the old college try”

December 13, 2011

Wharton Venture Initiation Program alum company Kembrel – co-founded by Aymeric de Hemptinne G’11/WG’11, Cherif Habib WG’11 and Stephan Jacob G’11/WG’11 – hopes to “marry offline and online commerce in a way that hasn’t been done before.” MORE

TECH Cocktail: “Chimp Flix: A Win-Win for Movie Theaters and Moviegoers”

December 12, 2011

TECH cocktail: If you love movies and saving money, check out Wharton Venture Initiation Program company Chimp Flix, co-founded by Casey Rosengren W’13. (11/13/2011) MORE (Chimp Flix was also featured in the Washington Post)

Springboard Collaborative wins $20,000 grant from M. Night Shyamalan Foundation

December 12, 2011

Wharton Venture Initiation Program company Springboard Collaborative wins $20,000 grant from the M. Night Shyamalan Foundation. You can read about M. Night Shyamalan’s goal of “improving public schools in Philadelphia” in the Dec. 7, 2011 issue of Knowledge@Wharton (http://knowledge.wharton.upenn.edu/article.cfm?articleid=2892).

ABC 7: “High-quality eyeglasses at fraction of cost”

December 9, 2011

Warby Parker and two of its Wharton alumni co-founders, Neil Blumenthal WG’10 & Dave Gilboa GEN’10/WG’10, featured on Los Angeles’ ABC7 News (12/6/2011) WATCH HERE

The Daily Pennsylvanian: “Wharton Small Business Development Center forges partnership with Wells Fargo”

December 9, 2011

The Daily Pennsylvanian: Wharton Small Business Development Center receives $500,000 grant from Wells Fargo to “provided specialized assistance and resources to small businesses and entrepreneurs in the greater Philadelphia area…and turn dream[s] into reality.” (12/9/2011) MORE

The Wharton Small Business Development Center’s partnership with Wells Fargo has also been featured in the Philadelphia Business Journal (12/12/11) and on philly.com (12/13/11).

December 8, 2011

The Next Web: Wharton Venture Initiation Program company ElectNext chosen as one of 5 Most Promising Startups from DreamIt Ventures Philadelphia 2011 class. (12/8/2011) MORE

Spirit Magazine profiles Reel Tributes founded by David Adelman WG’11

December 8, 2011

Reel Tributes, founded by David Adelman WG’11, is featured in Southwest Airlines Spirit Magazine: “In the end, life is not about possessions, but time spent with family.” (December 2011) MORE

Food Channel: ‘An Alternative to Bottled Water’

December 8, 2011

Food Channel: “In the game of fill the water bottle,” Wharton Venture Initiation Program alumni company Hydros (co-founded by Aakash Mathur W’09/C’09 and Jay Parekh ENG’09) “is actually innovating.” (12/6/2011) MORE

Fast Company: “Disrupting Democracy: Keya Dannenbaum On Her “OkCupid Of Politics” And The Future Of Elections”

December 8, 2011

Keya Dannenbaum, co-founder of Wharton Venture Initiation Program company and DreamIt Ventures Philadelphia graduate ElectNext talks about how ElectNext can help solve democracy’s “user interface problem.” (12/7/2011) MORE

Flying Kite Media: ‘Wharton grads create hybrid retail apparel business, hiring to grow national presence’

December 7, 2011

Stephan Jacob (G’11/WG’11), who co-founded Kembrel with classmates Cherif Habib (WG’11) & Aymeric de Hemptinne (G’11/WG’11), “credits Wharton with essentials like connecting Kembrel with advisors and investors, and even the company name, inspired by Wharton’s Vice Dean of Student Life, Kembrel Jones.” (12/6/2011) MORE