A Conversation with Seth Goldman ’95, Co-Founder of Honest Tea
"You have to decide what brand you are and how to fulfill that promise,” explains Honest Tea founder Seth Goldman '95. Read more from his recent visit to speak as part of Yale SOM's Colloquium on Business and Society speaker series. #yalesomalumni
Goldman, co-founder of Honest Tea and executive chairman of Beyond Meat, spoke about his experience leading mission-driven ventures during a Colloquium on Business & Society at Yale SOM on April 6.
David Klein #WG12 talked about the difficulty of launching into an established industry, the pain of rejection as a start-up founder, and pitching investors. via CNBC
The CEO of online lender CommonBond talks about mentors, failure and finding co-founders.
Of the three kinds of networks, strategic networks are the most important, but also the hardest to cultivate as they need to include people who will give you a diversity of ideas, not just people who share your convictions.
Watch Professor Herminia Ibarra discuss effective networks and how to build them for Lean In.
Almost everyone agrees that networking is important, but we often struggle to find the time and energy we need to build our networks. This video encourages you to think about networking as a critical part of how we get things done.
Check out the new #LifeatIE website! Get an inside glimpse at what the IE community is up to on campus, with friends and around Madrid through content they share on social media. Contribute your own experience using the #LifeatIE hashtag! http://bit.ly/1qG9aDk
An excerpt from “You Should Totally Get An MBA”
If you are considering business school, there is a reasonable chance that you are also considering other graduate programs to enhance your career. You may even be considering going to law school (you poor thing).
Here are several reasons why business school is better than law school:
• Business school is 33% shorter than law school, which means 33% fewer classes, 33% less tuition, 33% fewer years of foregone income.
• No Bar Exam or Continuing Legal Education (CLE). When you graduate from business school, you are an MBA and you are free to “practice business.” Chump law school grads still have to pass the Bar Exam to practice law. Suckas.
• B-school guys are less douchy than law school guys.3 If you are in the market for a fella, then you’ll do great at b-school, which is a hot dog fest for smart, motivated dudes. It’s not as male-heavy as it used to be, but it’s still like shooting sausage in a barrel.
• B-school women are cooler and better looking than law school women. (I have no data to support this, but I feel pretty good about it as unsubstantiated conjecture.)
• Most importantly: when it’s all over, you won’t have to be a lawyer.
Here’s where I confess that, before I applied to business school, I was considering doing a joint JD-MBA program. I took the LSAT, but bombed it. I thereby decided I would go to a great business school instead of a crappy joint degree program. Net: the LSAT saved me an additional two years of school and a lifetime of being a lawyer.
Comedian & author Paul Ollinger
Author Paul Ollinger is a writer and stand-up comedian who has opened for some of the biggest names in the business. He also has an MBA from Dartmouth’s Tuck School and was one the first 250 employees of Facebook where he served as VP of Sales for the Western United States. When he’s not on the road speaking, doing stand-up and sharing his unique POV on business and life, he lives in Atlanta, GA, with his beautiful wife, two wonderful children and French bulldog, Colonel Tom Parker. This article is excerpted with his permission from his newly published book, You Should Totally Get An MBA: A Comedian’s Guide To Top U.S. Business Schools, now available on Amazon.
So, You Want To Be An MBA: You Should Totally Do It!
Other Things You Could Buy For The $141K Cost Of An MBA
Business School Vs. Law School: Why The MBA Totally Kills It
What You Should & Shouldn’t Say When Applying To B-School
My Story: From The Dartmouth Tuck Campus To The Improv Stage
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Haoxiang Zhu
Assistant Professor of Finance
MIT, Sloan School of Management
Haoxiang Zhu’s extensive look at the structure of financial markets has earned him high praise from the financial community, including four “Best Paper” awards, one “Young Researcher” prize, and a Morgan Stanley prize for Excellence in Financial Markets.
His research focuses on asset pricing and financial market structure. His recent projects investigating welfare effect of high-speed trading and dark liquidity and market fragmentation, have been cited in the press including CNBC, MarketWatch, and The Washington Post.
Zhu is a member of the Finance Theory Group, founded by fellow top 40 professor Gustavo Manso, and has been a Faculty Research Fellow for the National Bureau of Economic Research since 2014.
Age: 33
At current institution since: 2012
Education: PhD in Finance, Stanford Graduate School of Business, 2012; B.A. in Mathematics and Computer Science, University of Oxford, 2006
Courses you currently teach: Managerial Finance
Professor you most admire: I have a long list—available upon request!
“I knew I wanted to be a b-school professor when…I got very interested in finance a few months into my first job (at the former Lehman Brothers in London). The business school idea popped up right away.”
“If I weren’t a b-school professor…I could be a computer programmer, or a chef.”
Most memorable moment in the classroom or in general as a professor: It’s exciting to bump into former students at conferences or seminar visits or anywhere.
What professional achievement are you most proud of? My first single-authored paper won the Young Researcher Prize at the Review of Financial Studies.
What do you enjoy most about being a business school professor? I very much enjoy doing research that has impact on finance practice or policy. Bringing the research into the classroom and sharing with students are also a lot of fun.
What do you enjoy least about being a business school professor? Paperwork
Fun fact about yourself: I majored in mathematics and computer science in college, and I managed a term without a computer.
Favorite book: The Selfish Gene
Favorite movie: The Godfather
Favorite type of music: Piano rock, jazz
Favorite television show: Super Brain
Favorite vacation spot: I always enjoy taking road trips to national parks. The getting there is as fun as the destination.
What are your hobbies? Traveling, badminton, chess
Twitter handle: @haoxiangzhu (I rarely tweet, but I plan to do it more.)
“If I had my way, the business school of the future would have…virtual reality and artificial intelligence that simulate business environments in any industry and any part of the world.”
DON’T MISS: THE COMPLETE LIST: POETS&QUANTS’ 2016 MOST OUTSTANDING B-SCHOOL PROFS UNDER 40
The post 2016 Best 40 Under 40 Professors: Haoxiang Zhu, Sloan School of Management appeared first on Poets and Quants.
"Will we make H-1B visas increasingly unaffordable for the companies and start-ups that need them most?" asks Dean Matthew Slaughter in a new op-ed for Fox News.
As an academic researcher, I have long been fond of John Adams’s famous maxim on the dogged persistence of facts.
Inspired by Silicon Valley Immersion Week and by all they learn in the Berkeley MBA for Executives Program, a number of our students find an executive MBA and entrepreneurship go together, choosing to launch ventures while still in the program or soon after. From a concierge veterinary service to a hangover remedy and artesian water, here are a few EMBA startups.
Vet Set Co-founder Taylor Truitt, with Chief Morale Officer (and French Bulldog) Noah
The Vet Set
Taylor Truitt, EMBA 14, and co-founder Eva Radke have launched a concierge veterinary service in New York, traveling to homes and workplaces seven days a week to tend to pets of the feline and canine persuasion.
The duo chose NYC because, says Taylor, “New Yorkers are crazy about their pets, already accustomed to home delivery of many different services, and don't have cars, so getting dogs and cats to the vet really can propose a significant stress.”
BrightDay
David Firth-Eagland, EMBA 15, and Sharrifah Al-Salem, EMBA 15, with the help of medical professionals, turned Firth-Eagland’s home remedy into a capsule taken at one’s first and third drinks to prevent hangovers the next morning.
>>Read More (Scroll down to third story)
California Artesian
Stewart Wells, EMBA 15, founded California Artesian, which sells artesian water in Northern California and Asia. “Our artesian water, sourced from 7,000 feet elevation in the Sierra Nevadas, has a much softer and smoother taste than any type of purified or spring water because it has incredibly low mineral content,” says Stewart.
>>Read More (Scroll down to second story)
These entrepreneurs found startup inspiration and skills in the Berkeley MBA for Executives Program. Could an EMBA help you launch?
Better start picking up those pennies.
Thoughts from Prof. Bob Frank.
The luckiest people overlook their good fortune.
If you’ve been feeling down since receiving a rejection letter from your dream business school, I want to offer some insight into why it happened, and remind you why you should keep your chin up.
First off, all of the top MBA programs are notoriously selective. It may be that out of every 100 people who submit materials, only seven to 12 are accepted. Harvard Business School – ranked No. 1 among MBA programs by U.S. News – rejected more than 8,000 applicants for its class of 2017. In other words, it’s very much a numbers game when you’re applying to such competitive programs. There are only so many spots for an overwhelming number of extremely talented candidates.
That may be hard to accept for people who have reached every goal they’ve ever gone after. So, here are three possible reasons why your target b-schools did not offer you admission.
• Overrepresented demographic: Each program strives to put together a diverse class of impressive people. However, no one knows the magic formula that any given admissions committee uses to fill open spots.
The very elements that typically make up a strong candidate for business school – solid academic background, stellar test scores, work experience in investment banking, engineering or consulting – may not have strengthened your case because too many other candidates shared those exact same characteristics in this application cycle.
Everything from your gender to your industry to your nationality to your career aspirations, community service and personality comes into play when an admissions committee attempts to build a graduating class.
While you can’t do anything to change your basic profile, if you do apply again try to hone in on elements of your background, interests and experiences that set you apart. Even the most typical MBA candidate can find something that will enhance the experience of fellow classmates.
Lack of self-awareness: They say high self-awareness is the strongest predictor of overall success. Business schools love to admit applicants who appear dedicated to their personal development, which is why the “tell us about your greatest weakness” question is so popular in both essays and interviews.
There’s no such thing as a perfect MBA applicant, however. Everyone has weaknesses, and if you don’t acknowledge them, the admissions committee will make a judgement on how introspective and self-aware you are.
If your essays or interviews contain any excuses-making, passive-aggressive comments, outright bragging or rambling answers, they will question your maturity and fitness for their program. Any doubts will likely lead to a hard pass, so answer those questions honestly, but always with a positive tone focused on continual improvement and reflection.
• Low stats with no explanation: I can’t tell you how many times I’ve heard members of the admissions committee express dismay over applicants who don’t make use of the optional essay to explain the common red flag of low quantitative stats or proof of quantitative proficiency. This isn’t the time to cross your fingers and hope for the best, no matter how many stories you’ve heard of applicants getting into the Stanford University Graduate School of Business with a 650 GMAT score.
If you plan on reapplying, you have a few options. The surest route is dedicating more time to studying so you can strengthen your score; then it won’t be an issue next time. If your stats still hover below the median at your target programs, take a college-level course in statistics or accounting and prove to the admissions committee that you know your way around a spreadsheet.
Yet another route requires more of that self-reflection I mentioned earlier. Make sure you’re targeting programs that line up well with your stats. Look at programs outside the top 15 and see if there’s a better fit with higher acceptance rates that will get you where you need to go, career-wise.
Once you’ve pulled together a strong application and submitted it, the process is out of your hands. You will never be able to do anything about who (or how many people) you were truly competing against for a spot, who read your application or what kind of mood they were in that day.
Developing resilience is incredibly important if you need to reapply, but it’s also essential in life. Even when you put your best out there, you might still fail. However, to be successful, you need to learn how to bounce back and try again.
Image credit: Flickr user Anne-Lise Heinrichs (CC BY 2.0)
Late last week, Harvard Business School officially broke ground for Klarman Hall, a new convening center to be constructed on the HBS campus. Expected to open in 2018, Klarman Hall will combine elements of a large-scale conference center, a performance space, and an intimate community forum.
Harvard Business School hosts some 700 events a year in which tens of thousands of people from around the world participate in a wide variety of activities, from research conferences to symposia to cultural events. With the addition of Klarman Hall, HBS seeks to convene these key voices to discuss and address the critical issues facing our times.
The building was made possible by a donation from Seth and Beth Klarman. Seth Klarman is president and CEO of The Baupost Group, a Boston-based investment management firm. Beth Klarman is president of the Klarman Family Foundation. Both are members of the School’s Board of Dean’s Advisors.
Klarman Hall is being designed by the Boston-based firm of William Rawn and Associates as a vibrant space with an eye toward flexibility, adaptability, and accessibility
“When you bring together people with talent, vision, and ambition in a space designed specifically to facilitate connections, conversation, and debate, the potential for transformative ideas and action is limitless,” said Seth Klarman.
Image credit: Harvard Business School
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