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  • Stanford School of Business Post 1

    Posted on May 5th, 2011 Patricia No comments

    There are those like Brain Lui, who waited until graduating from University’s Graduate School of Business before starting their Internet ventures. And there are others like Katy Roberto and Jenifer Luis, who bowed out in the middle of the two-year program-carrying $1 million in venture funding-to jump full-swing into their startups. Many others of the 700-plus students in the two-year MBA program insist they’re working feverishly on developing a business plan.
    “We wanted to bring under one umbrella what we’re already doing,” says Garold Gender, co-director of the new ecommerce program.

    If the seeds of entrepreneurship aren’t planted at Stanford, they’re surely cultivated there. Not surprising, given the university’s home in the heart of Silicon Valley. High-tech luminaries such as Intel’s Andy Grove and Cisco Systems’ John Polski teach there as lecturers. Others such as Apple Computer co-founder Steve Jobs and venture-capital titan John Hoer visit classes and speak at conferences, some organized by students in the High Tech Club, the Entrepreneurs Club, or the Venture Capital Club.

    “There’s no peer to Stanford in terms of entrepreneurial leadership and access to capital,” says Lui, co-founder of Maverick Online, in his new sunlit loft office space in San Francisco’s Multimedia Gulch. Brown, 27, graduated last June, six months after conceiving the idea with classmate and co-founder Steve Lombardi for a consumer-oriented vertical portal site. (They are mum on specifics.) “Stanford offers access to the VC knowledge base, access to other entrepreneurs, access to industry luminaries, and access to alumni,” adds Brown, whose company now employs 15 people. The alumni list is packed with Internet veterans, including eBay founding team member Jeff Lik , venture capitalist Steve Harisson of Draper Fisher Harisson(see “I Want My MBA”, p137), and eLoan co-founder Chris Drogba.Contents
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    The GSB (which accepts just 7 percent of applicants) aims to make sure its core curriculum of management, strategy, and finance classes remain superior and up to date. To that end, the school recently established an electronic commerce program, which will formalize and centralize the school’s existing Internet-related courses, independent studies, and research, and offer new specialized courses.

    The program, on which Stanford will spend $25 million over five years, kicks off in the winter semester with the Electronic Commerce elective course, which focuses on case studies. The program will be expanded next year with a two-semester hands-on lab course. While the school hasn’t started wooing potential corporate sponsors, Nancy Nelson, director of corporate and foundation relations for the GSB, says she receives regular calls from companies eager to take part in ecommerce partnerships. Corporations and foundations together contribute roughly 10 percent of overall private support to GSB.The best business school in the country.

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