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Why Chicago Booth? | The University of Chicago Booth School of Business chicagobooth.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagobooth.edu Daily Mail and Mail on Sunday newspapers.
From GrubHub to Braintree, a look back at the Polsky Center’s legacy of supporting startups
Startups weren’t so sexy 25 years ago. It was pre-Google, pre-dot-com bubble, pre-unicorn. The University of Chicago’s business school, renowned for finance, didn’t offer an entrepreneurship concentration.
Steven Kaplan, a newly tenured professor in 1996, had just started teaching a class in entrepreneurial finance when a student, Jeff Meyers, MBA’97, popped his head into his office and suggested they hold a business plan competition. Kaplan told him to go ahead and organize it.
“I knew nothing about startups. Zero,” Kaplan recalled.
Kaplan rustled up a few judges and $25,000 in prize money, and the New Venture Challenge was born.