Last Thursday I attended the finals of the University of Chicago GSB New Venture Challenge. Overall, I was impressed with the quality of the businesses that presented. There were a number of groups who had solid ideas that were extremely well researched and well beyond the idea stage. First place went to Braintree Financial, and it was well deserved.
The GSB is racking up quite a track record: 2005 winner PrepMe, and 2006 winner GrubHub are two of the most promising internet start-ups in Chicago right now. I think Braintree will live up to the bar these two have set.
Two weeks prior I attended the DePaul new venture challenge. Overall, the caliber of business was much higher at the GSB, but it’s great to see that two of the three DePaul finalists were internet businesses: QuadMarket and DANCE NETWORKS (who won first place, no link yet).
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