David Blumberg, Founding Partner Blumberg Capital: Entrepreneurship, Innovation & Venture Funding
uSEED: Funding College Entrepreneurship
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uSEED Please visit www.UDseed.info for Beta platform being tested by the University of Delaware
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Transcript of uSEED: Funding College Entrepreneurship
uSEED
Please visit www.UDseed.info for Beta platform being tested by the University of Delaware
Research
Arts
uSeed supports Entrepreneurship
for every college student
Startups
Causes
20087,500 new startups each
year from the top 25 entrepreneurial schools
alone
Princeton Review
20105,000+ college courses
on entrepreneurship
Ewing Marion Kauffman Foundation
Today2,000+ colleges nationwide
Ewing Marion Kauffman Foundation
Entrepreneurship ≠Business Plan
The Problem
“Students in any major were more likely to pursue entrepreneurial activities if they had been required to develop solutions to
real-world problems.”
New York University 2008 Study
The Problem
To teach entrepreneurship you
must fund student projects
The Problem
How do you fund them?
No experienceNo customersNo assets
The Problem
CrowdFunding
The Solution
Competitors
Kickstarter - $10M
Competitors
Fundly - $2M
Competitors
profounder - $1M
uSEED
CrowdFunding through the already established
University Alumni Networkswithin university curricula
Our Differentiator and Competitive Advantage
Business Model
uSeed keeps 4% of every donation as well as charges a $5,000 annual licensing fee to
the Development Office of participating universities
Our Team
Brian Sowards – UD AlumA serial entrepreneur who left UD Honors Program to start his 5th company, Brian has worked with over 50 market leadersproviding technology solutions to business challenges.
Steve Roettger – UD AlumA Finance and Management Information Systems graduate, Steve pursued his entrepreneurial dreams after college, launching several companies and attracting national attention through the coIN Loft – Delaware’s first co-working space.
Matthew Racz– UD AlumAn Operations Management graduate, Matthew started his own part-time business while at UD, runs a college entrepreneurship video blog called Start It Up TV, and was a force behind the development of the Entrepreneurship program at UD.
Wes Garnett – Del Tech AlumAn industrial engineer, Wes founded several companies and serves as a mentor in UD’s Business Plan competition. He is co-founder of the coIN Loft – Delaware’s nationally recognized co-working space.
Dan Freeman, Ph. D., University of DelawareAs Faculty Director of the Entrepreneurial Studies Program, Professor Freeman has spearheaded several initiatives to increase entrepreneurial activity among students campus-wide.
Our Team
• October 7th: Beta Launch at University of Delaware – First Round of 3 Projects
Projections and Milestones: Oct. 2011 – Feb. 2012
• November 7th: Second Round of 12 Projects at UD
• 2012 Spring Semester: UD Plus 2-3 More Universities Fully Utilizing uSeed
