Entrepreneurship at Princeton (news item)

Colleges and Universities A-Z Princeton University
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<p><a href="http://www.memagazine.org/contents/current/features/greenhorn/greenhorn.html%5B/url%5D"&gt;http://www.memagazine.org/contents/current/features/greenhorn/greenhorn.html&lt;/a&gt;&lt;/p>

<p>“Take four grads, one winning business plan, and a scheme to make current run more evenly—it's all business.</p>

<p>“The day after graduation, exhausted and a bit hung over, four freshly minted engineers from Princeton University received a term sheet from Greg Olsen, a local businessman.</p>

<p>“Term sheets are formal agreements that define the details of an investment in a company. They typically run page after page of dense legalese. According to Mark Holveck, who had graduated as a mechanical engineer the day before, the offer they received in June 2001 was a lot shorter.</p>

<p>"It was a yellow Post-it Note," he said.</p>

<p>“Small paper, big bucks. On it, Olsen offered the four graduates just over half a million dollars to fund their new startup…</p>

<hr>

<p>For anyone interested in business, high-tech startups and what’s going on at Princeton for entrepreneurial-minded undergraduates, this article is great.</p>

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<p>Thanks a lot. I currently have my own online business with sales over $150,000 for 2 years, since conception. I was debating if I should apply to Princeton considering that they have no 'business' department. My dad suggested the founder of google and amazon as well as the CEO of ebay was from princeton. This was the final info to make PTON #1.</p>

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<p>The Founders of Google went to Stanford, 1MX. An economics A.B. from Princeton is pretty much the equivalent of a business degree from another school, fyi.</p>

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<p>errr CEO I men</p>

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<p>Economics with finance certificate, correct?</p>

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<p>Yeah ECO + Finance is pretty common for people who go to Wall Street after graduation. ORFE is another good business option.</p>

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<p>1MX, congratulations on your success in business at such a young age! Those are impressive numbers. For those interested in tech startups, there is a new Center For Innovation in Engineering Education at Princeton that hosts many entrepreneurial activities. The main website and an article about the work of the center are at the following links:</p>

<p><a href="http://commons.princeton.edu/ciee/about.html%5B/url%5D"&gt;http://commons.princeton.edu/ciee/about.html&lt;/a> = Center For Innovation in Engineering Education</p>

<p><a href="http://commons.princeton.edu/ciee/2005/11/rethinking_engineering_education.html%5B/url%5D"&gt;http://commons.princeton.edu/ciee/2005/11/rethinking_engineering_education.html&lt;/a> = New center inspires and prepares students to be leaders in a technological age</p>

<p>Some articles of significant interest in the news section of that website include the following:</p>

<p><a href="http://commons.princeton.edu/ciee/2007/03/greg_olsen_appointed_engineering_schools_entrepren.html%5B/url%5D"&gt;http://commons.princeton.edu/ciee/2007/03/greg_olsen_appointed_engineering_schools_entrepren.html&lt;/a&gt;&lt;/p>

<p><a href="http://commons.princeton.edu/ciee/2007/05/from_founding_to_funding_successful_entrepreneurs.html%5B/url%5D"&gt;http://commons.princeton.edu/ciee/2007/05/from_founding_to_funding_successful_entrepreneurs.html&lt;/a&gt;&lt;/p>

<p><a href="http://commons.princeton.edu/ciee/2007/05/startup_spotlight_shines_on_student_entrepreneurs.html%5B/url%5D"&gt;http://commons.princeton.edu/ciee/2007/05/startup_spotlight_shines_on_student_entrepreneurs.html&lt;/a&gt;&lt;/p>

<p><a href="http://commons.princeton.edu/ciee/2007/03/innovation_forum_highlights_rich_range_of_research.html%5B/url%5D"&gt;http://commons.princeton.edu/ciee/2007/03/innovation_forum_highlights_rich_range_of_research.html&lt;/a&gt;&lt;/p>

<p><a href="http://commons.princeton.edu/ciee/2006/02/entrepreneur_and_pu_grad_points_to_the_basics_as_k.html%5B/url%5D"&gt;http://commons.princeton.edu/ciee/2006/02/entrepreneur_and_pu_grad_points_to_the_basics_as_k.html&lt;/a&gt;&lt;/p>

<p>Associated with that program, but somewhat independent of it, is a contest run each year for student entrepreneurs to develop and present business plans. The winners have typically received significant private assistance in getting their businesses started. Instrumental in this has been Ed Zschau, an alumnus, former congressman and successful entrepreneur himself who has created a business “incubator” at Princeton to assist these ambitious students.</p>

<p>Princeton offers many opportunities for the budding business tycoon, particularly the ORFE (Operations Research and Financial Engineering Program) which is getting very good reviews from Wall Street.</p>

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<p>Very helpful, especially for references in my application essays. Thanks!</p>