Venture Capital & Startups Learning Cohort 2022-23: An overview (Please register for individual sessions below instead. All future sessions held in JRR/LAS)

by GradFUTURES

Intensive workshop Careers & Professional Development GradFUTURES Learning Cohort Innovation/Entrepreneurship

Wed, Oct 12, 2022

4:30 PM – 6:30 PM EDT (GMT-4)

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Cohort Description: A growing number of startups are emerging from universities and research institutes — young enterprises that are accelerating innovation and changing the game in social entrepreneurship and in every field imaginable. Increasingly, graduate students are the founders behind these new businesses. At Princeton, there is a robust innovation and entrepreneurship ecosystem that connects graduate students, postdocs, alumni, faculty, venture capitalists, and industry.  During the course of 8 weeks, this program serves as a “crash course” for understanding the world of VC funding and startups. You will learn about the lingo, the economics, the process, and the landscape—and meet members of the broader innovation and entrepreneurship ecosystem. You will also hear first-hand from graduate alumni founders about their entrepreneurial journeys -- and all of the challenges and successes they had along the way. The cohort culminates with a group project where graduate students will work across disciplines to synthesize and apply their learnings. 

Cohort sessions are led by Princeton alums Jim Cohen ’86 and Mark Poag ’93, general partners of Fitz Gate Ventures. Fitz Gate Ventures is an early-stage, network-driven venture capital firm. The firm brings a unique strategic advantage to its portfolio companies by leveraging its proprietary “Friends of Fitz” network, comprised of hundreds of venture capitalists, startup founders, professors, and senior executives. Fitz Gate’s portfolio companies have been profiled in major media outlets such as the New York Times, CNN, The Wall Street Journal, The Financial Times, Forbes, Vogue, Bloomberg, and others. Jim and Mark designed this unique seminar series to introduce graduate students to the world of start-ups by sharing their knowledge and expertise and facilitating connections to their vast network of Princeton founders and VC’s. They have inspired many graduate students over the years to transform their ideas and discoveries into meaningful real-world solutions with significant impact social, economic— and human impact. By participating in this cohort, you will see why the Venture Capital and Startups Learning Cohort has become one of GradFUTURES’ most popular offerings! 

Session Description: Understanding the Language of Venture Capital: An Overview. Learn the meaning behind all the buzzwords startup founders and venture capitalists use to communicate with each other, many of which have entered the mainstream, all in a fun, gamified class. (Graduate students are also encouraged to attend Celebrate Princeton Innovation on October 13th.)
Food Provided

Agenda

Past Events

Thu, Mar 23, 2023
4:45 PM – 6:30 PM
Private Location (register to display)
Venture Capital & Startups 7: Guest Graduate Alumna, Juliana Nascimento *08 (ORFE), co-founder Optimal Dynamics

Juliana Nascimento *08 (ORFE), co-founder Optimal Dynamics will discuss her path from graduate student to start-up entrepreneur and will share their original pitch for the company with the class. Topics include her path from PhD student to startup founder, how she decided on a career outside academia, how her PhD program prepared you for startup life and what she needed to learn, what surprised her about the startup world, and advice for graduate students considering founding or joining startups. She will also provide an overview of Optimal Dynamics, the product/service, value proposition for customers, her team, the revenue model, and their competition.

Cohort Description: A growing number of startups are emerging from universities and research institutes are young enterprises that are accelerating innovation and changing the game in social entrepreneurship and in every field imaginable. Increasingly, graduate students are the founders behind these new businesses. At Princeton, there is a robust innovation and entrepreneurship ecosystem that connects graduate students, postdocs, alumni, faculty, venture capitalists, and industry. During the course of 8 weeks, this program serves as a primer for understanding the world of VC funding and startups. You will learn about the lingo, the economics, the process, and the landscape--and meet members of the broader innovation and entrepreneurship ecosystem. You will also hear first-hand from graduate alumni founders about their entrepreneurial journeys -- and all of the challenges and successes they had along the way. The cohort culminates with a group project where graduate students will work across disciplines to synthesize and apply their learnings.

Thu, Feb 23, 2023
4:30 PM – 6:30 PM
Private Location (register to display)
Venture Capital & Startups 6: Princeton Innovation/Entrepreneurship campus partner event

Session Description: Cornelia Huellstrunk, Executive Director of Keller Center from Princeton’s Innovation and Entrepreneurship ecosystem will present on a topic relevant to the cohort. This will provide students with the opportunity to learn more about the myriad programs, resources, and mentors available as they explore their interests in entrepreneurship.
Cohort Description: A growing number of startups are emerging from universities and research institutes –" young enterprises that are accelerating innovation and changing the game in social entrepreneurship and in every field imaginable. Increasingly, graduate students are the founders behind these new businesses. At Princeton, there is a robust innovation and entrepreneurship ecosystem that connects graduate students, postdocs, alumni, faculty, venture capitalists, and industry. During the course of 8 weeks, this program serves as a “crash course” for understanding the world of VC funding and startups. You will learn about the lingo, the economics, the process, and the landscape–"and meet members of the broader innovation and entrepreneurship ecosystem. You will also hear first-hand from graduate alumni founders about their entrepreneurial journeys -- and all of the challenges and successes they had along the way. The cohort culminates with a group project where graduate students will work across disciplines to synthesize and apply their learnings.

Thu, Feb 09, 2023
4:30 PM – 6:30 PM
Private Location (register to display)
Venture Capital & Startups 5: Sources of Capital and Finance Topics for Startups.

Session Description: This class will provide an overview of how startups raise money to get going and grow, what are the appropriate sources of that money, and what are typical terms for that investment. You will learn about crowdfunding, angel investors, accelerators, and the venture capital industry; the organization and operation of venture capital funds; investment methodology; monitoring and portfolio liquidation. We’ll primarily focus on one of those sources of capital, venture capital firms, and what VCs look for when evaluating startups.

Cohort Description: A growing number of startups are emerging from universities and research institutes –" young enterprises that are accelerating innovation and changing the game in social entrepreneurship and in every field imaginable. Increasingly, graduate students are the founders behind these new businesses. At Princeton, there is a robust innovation and entrepreneurship ecosystem that connects graduate students, postdocs, alumni, faculty, venture capitalists, and industry. During the course of 8 weeks, this program serves as a “crash course” for understanding the world of VC funding and startups. You will learn about the lingo, the economics, the process, and the landscape–"and meet members of the broader innovation and entrepreneurship ecosystem. You will also hear first-hand from graduate alumni founders about their entrepreneurial journeys -- and all of the challenges and successes they had along the way. The cohort culminates with a group project where graduate students will work across disciplines to synthesize and apply their learnings.

Thu, Dec 08, 2022
4:45 PM – 6:30 PM
Private Location (register to display)
Venture Capital & Startups 4: Graduate Alumnus Entrepreneur/VC: Christian Theriault *08 (This and all future sessions held in JRR/LAS.)

Session Description: Alumnus Chris Theriault, a serial entrepreneur turned VC with expertise across several deep tech industries, will share his career journey and advice for current graduate students with a networking reception to follow. He has co-founded or been involved with startups in robotics, machine vision, medical devices, and new chemical entity development. His latest company, Tag Optics, which was acquired by a Japanese multinational, had the distinction of producing the world’s fastest focusing lens –" widely used across several market verticals ranging from laser material processing to metrology and biomedical engineering. More recently, Chris has been involved with mentoring and investing in high-tech startups and participates in various accelerator programs, the NSF’s America’s Seed Fund and various angel groups where he regularly serves as the diligence team lead or domain expert for sensors/advanced manufacturing, energy technologies, data science, or machine vision sectors. Chris holds an MSE in Material Science and Process Management and an A.B. in Molecular Biology and Bioengineering, both from Princeton University; he has authored several academic papers and holds numerous patents. He currently serves as an advisor to several technology and consumer facing startups.
Cohort Description: A growing number of startups are emerging from universities and research institutes –" young enterprises that are accelerating innovation and changing the game in social entrepreneurship and in every field imaginable. Increasingly, graduate students are the founders behind these new businesses. At Princeton, there is a robust innovation and entrepreneurship ecosystem that connects graduate students, postdocs, alumni, faculty, venture capitalists, and industry. During the course of 8 weeks, this program serves as a “crash course” for understanding the world of VC funding and startups. You will learn about the lingo, the economics, the process, and the landscape–"and meet members of the broader innovation and entrepreneurship ecosystem. You will also hear first-hand from graduate alumni founders about their entrepreneurial journeys -- and all of the challenges and successes they had along the way. The cohort culminates with a group project where graduate students will work across disciplines to synthesize and apply their learnings.

Wed, Nov 09, 2022
4:45 PM – 6:45 PM
Private Location (register to display)
Venture Capital & Startups 3: Pitch Decks: Examples and Best Practices - new location JRR, with a special guest!

Session Description: All are welcome! Even if you missed our previous sessions, you can still join us. We will discuss what are the key elements that should be in every startup’s pitch deck and what questions every startup should be prepared to answer. We will then walk through the pitch deck of an existing, successful startup as an example of what to and not to include in a startup’s pitch deck. Tony Williams, the New Ventures Associate in the Princeton Office of Technology Licensing (“OTL”), will be our special guest and will describe how the OTL works with grad students to patent and commercialize their ideas and technology. Tony will also stick around after the class to meet the students and answer any additional questions.
Cohort Description: A growing number of startups are emerging from universities and research institutes –" young enterprises that are accelerating innovation and changing the game in social entrepreneurship and in every field imaginable. Increasingly, graduate students are the founders behind these new businesses. At Princeton, there is a robust innovation and entrepreneurship ecosystem that connects graduate students, postdocs, alumni, faculty, venture capitalists, and industry. During the course of 8 weeks, this program serves as a “crash course” for understanding the world of VC funding and startups. You will learn about the lingo, the economics, the process, and the landscape–"and meet members of the broader innovation and entrepreneurship ecosystem. You will also hear first-hand from graduate alumni founders about their entrepreneurial journeys -- and all of the challenges and successes they had along the way. The cohort culminates with a group project where graduate students will work across disciplines to synthesize and apply their learnings.

Wed, Oct 26, 2022
4:45 PM – 6:30 PM
Private Location (register to display)
Venture Capital & Startups 2: Princeton Innovation/Entrepreneurship campus partner - Christina Pellicane the Assistant Director of Innovation & Lead Instructor of Northeast I-Corps Hub

Session Description: Starting with “who cares?” and “so what?”. About 75% of startups fail in the first 5 years due to a lack of product market fit –" they build something nobody wants. The path to starting a new venture has always been: do what the big companies do. Write a business plan, create a pitch deck, find investors, design a beautiful product and hire a sales team to bring in revenue. Instead of designing, building and launching, start with deeply understanding what unmet needs your customers have and how motivated they are to solve them. This session will focus on understanding who your customers are and what value you might provide to them.

Suggested pre-reading: https://hbr.org/2017/03/this-program-uses-lean-startup-techniques-to-turn-scientists-into-entrepreneurs

Cohort Description: A growing number of startups are emerging from universities and research institutes –" young enterprises that are accelerating innovation and changing the game in social entrepreneurship and in every field imaginable. Increasingly, graduate students are the founders behind these new businesses. At Princeton, there is a robust innovation and entrepreneurship ecosystem that connects graduate students, postdocs, alumni, faculty, venture capitalists, and industry. During the course of 8 weeks, this program serves as a “crash course” for understanding the world of VC funding and startups. You will learn about the lingo, the economics, the process, and the landscape–"and meet members of the broader innovation and entrepreneurship ecosystem. You will also hear first-hand from graduate alumni founders about their entrepreneurial journeys -- and all of the challenges and successes they had along the way. The cohort culminates with a group project where graduate students will work across disciplines to synthesize and apply their learnings.

Speakers

Jim Cohen ’86's profile photo

Jim Cohen '86

Co-Founder and Managing Director

Fitz Gate

linkedin.com/in/jameshcohen

Jim is Co-Founder and Managing Director of Fitz Gate Ventures. Jim also leads a learning cohort on venture capital at Princeton University's Graduate School and is an Adjunct Professor/Lecturer at Rice University's Jones Graduate School of Business where he teaches a class on venture capital investing. Jim volunteers as a member of the Keller Center’s eLab Advisory Committee and as a mentor to the Princeton Entrepreneurship Council. Jim has previously served two terms on the Executive Committee of the Alumni Council of Princeton University and one term as Vice Chair of the Princeton Schools Committee and ten years as Chair of the Princeton Alumni Schools Committee of Houston, Texas.



Fitz Gate Ventures invests a majority of its capital in early-stage companies from the Princeton ecosystem. Typical initial check size is $500K with additional capital reserved for follow-on rounds. Fitz Gate is investing out of its second fund and currently has $25 million under management. Fitz Gate’s portfolio companies have been profiled in the New York Times, CNN, The Wall Street Journal, The Financial Times, Forbes, Bloomberg, Vogue and other media outlets. Fitz Gate invests alongside other world-class VC firms but is also willing to lead and/or invest alone. Fitz Gate’s strategy is to leverage its Friends of Fitz network of alumni and faculty to help its portfolio companies succeed.



 Prior to co-founding Fitz Gate, Jim was the head of M&A for an NYSE listed company which he grew through acquisition until it was sold to the leading public company in its sector. Before that he was a founding partner in the private equity fund Main Street Capital (NYSE: MAIN), and before that he was a private equity and mergers and acquisitions lawyer with Simpson Thacher & Bartlett in NYC and London and with Baker Botts in Houston. Jim began his career as a financial analyst with Morgan Stanley in NYC.


Mark Poag ’93's profile photo

Mark Poag '93

Co-Founder and Managing Director

Fitz Gate

linkedin.com/in/markpoag

Mark is Co-Founder and Managing Director of Fitz Gate Ventures. Fitz Gate Ventures invests a majority of its capital in early stage companies from the Princeton ecosystem, and a portion of its capital is available to be invested more broadly. Fitz Gate’s portfolio companies have been profiled in the New York Times, CNN, The Wall Street Journal, The Financial Times and other media outlets. Fitz Gate invests alongside other world class VC firms but is also willing to lead and/or invest alone. Fitz Gate currently manages two funds and has approximately $25mm under management.



Mark brings to Fitz Gate Ventures 20+ years of experience as an experienced entrepreneur and executive with a proven track record of successfully growing companies from the ground up to mature industry leadership. Prior to Fitz Gate Mark was the head of Product, Marketing, Legal and Alliances and Board Secretary at Datacert, Inc., an enterprise software company (sold 2014) and Founder and CEO of Digicontract, Inc., a SaaS company (sold 2001).



Mark received an A.B. from Princeton University in 1993 and a JD and MBA with honors from Tulane University in 1997. Mark teaches a class on venture capital at Rice University to undergrads and MBA students and also leads a seminar series on venture capital at Princeton University's Graduate School.  He is currently President of the Princeton Alumni Association of Houston and Co-Chair of the Alumni Schools Committee of Houston and volunteers as a member of the Keller Center’s eLab Advisory Committee and as a mentor to the Princeton Entrepreneurship Council.  Mark previously served as a member of the Executive Committee of the Alumni Council of Princeton University.