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80legs participated in a business plan competition at Rice University while I was still getting an MBA there. We were one of the finalists, but not the top win
by jdrock 16y ago
80legs participated in a business plan competition at Rice University while I was still getting an MBA there. We were one of the finalists, but not the top winner.
That was a year ago. I have since done some basic searching to see what the other finalists have done since then. As far as I can tell, only one (the winner) has done anything significant so far, and that's just raising money. Granted, it's just a web search, but it seems the rest have just done things like win other competitions, get grant money, etc.
We are the only ones actively engaged in business. And we only entered the competition for fun. (We used our winnings for free lunches.)
- strebler 16y agoThat closely echoes what I've seen locally; one business plan competition has had the the majority of winners (for the past 5 years that I've tracked it) not even bother to start a company, they just go get consulting jobs. The contest doesn't even bother to list the old winners on their website, they know what's going on. Business plan contests really don't seem to work.
- mos1 16y agoI played tennis quite well in high school and college. I never tried to go pro. Does that mean the tennis teams failed? I swam competitively in college. I didn't try for the olympics. Does that mean the swim team failed? There are a lot of valuable lessons one can pull from a business plan competition even if you don't become a founder, or even if you never intend to become a founder.
- deleted 16y ago[deleted]