Syracuse University's New Venture: Linking Students, Startups, and Investors
Inspired by "Shark Tank," New Initiative Connects Students, Startups, and Investors
Syracuse University's Whitman School of Management is introducing a groundbreaking program that bridges the gap between students, startups, and investors. This initiative, modeled after the popular TV show "Shark Tank," is designed to educate students on assessing startup potential and facilitate connections between entrepreneurs and investors.
Students Take Center Stage
Students will play a pivotal role in this program. Their responsibilities include:
- Organizing events
- Evaluating businesses
- Conducting market research
The primary objective is to provide students with a practical understanding of the criteria investors consider when evaluating potential investments. However, it's important to note that the university will not be making investment decisions or acquiring ownership stakes. Instead, students will offer recommendations, and investors will make the final call on whether to fund the ventures.
Eligibility and Participation
The program is open to:
- Early-stage companies with values under $10 million
- Revenues under $2 million
Entrepreneurs and investors with ties to Syracuse University are encouraged to participate. This includes:
- Alumni
- Parents
- Faculty
- Staff
Participants must meet specific financial criteria set by the Securities and Exchange Commission (SEC).
Building a Stronger SU Community
This program is part of a broader effort to foster connections among SU alumni, students, and parents. It offers entrepreneurs more than just financial support; they can also benefit from mentorship and guidance. This initiative addresses a common challenge faced by student entrepreneurs: accessing capital to grow their businesses.
Leadership and Impact
Jeff Gish, the program's academic director, brings a wealth of experience as an entrepreneur and angel investor. He highlights the real-world impact of the program, noting that the decisions made by students can have significant consequences for both entrepreneurs and investors.
A Unique Approach
While similar programs exist at other universities, Syracuse's program stands out by placing students at the heart of the due diligence process. This focus on student involvement aims to prepare them for future careers in business, whether or not they become angel investors themselves.
