UCLA Knapp Competition

A few days ago I had the chance to attend the UCLA Knapp Business Plan competition.. ( more like crashed into ) since I'm the only admit there I think.. anyway it was exciting.. there were LOTS and LOTS of team giving a 30 min presentation in front of professors, guest Venture Capitalist and fellow students. Of the three presentation that I attended, two of them actually made it to the four finalists. That really helped in identifying what makes them tick :)

So one team was giving a presentation about Mr.Fob, a website that gives info on ethnic food and restaurants currently within LA. The team behind Mr. Fob also holds food tours ( Not so sure how often they hold it ) to ethnic restaurants in LA. Each person will pay $30 for the food tour and a food tour-guide will attend and give brief cultural background on the ethnic food. That is interesting :) they give presentation on how much funding they need, what the growth future for the business, the competition and how they can overcome it.. etc etc..

So that is interesting and for once, I'm impressed of the entrepreneur program in UCLA ( refer to my thought about Anderson day ). Last time, I didn't have a very good vibe on the entrepreneur program at UCLA because I feel that students merely want to ace in the class, however looking at how the students gave presentation at UCLA Knapp Competition really changed my mind. I guess it's more about if my interest is in Enterpreneurship, I should immerse myself with those who have common interest with me.

Why I think these students make it to the top four :
1. Data data data
2. If you have a business plan to show for the competition, it's best if you have realised the first few stages of your business idea to better prepare the business idea.
3. You can get a professional at other industry outside of UCLA to join your business team ( which the other team did by having a well-known doctor who had treated Glaucoma to join them )
4. Think about all the possible problems you may encounter in setting up the business
5. Practise presenting the idea

Now on a side note of the Kate Moss' picture : The yellow asymetric chiffon dress -inspired by this one that Kate wore - is FINALLY available! Kinda disappointed of the detail of the dress by TopShop so I won't buy it haha but others may be interested..