Global Social Ventures Celebrated at Competition and Symposium, April 13-14

Ten social venture finalists from around the world will compete for $45,000 in prizes and exposure to potential funders at the eighth annual Global Social Venture Competition (GSVC) at the Haas School of Business on April 13.

A record 157 teams from 80 universities in 20 countries entered the competition in 2007.

The Global Social Venture Competition, started by Berkeley MBA students in 1999, has expanded this year, with Yale School of Management and Indian School of Business joining Haas, Columbia Business School, and London Business School as partners. University of Geneva and a consortium of business schools in Korea called Social Venture Competition Korea joined as affiliates.

The ten finalists were chosen at the regional finals at each of the five partner schools in March. The two ventures chosen at the western region finals at Haas in March are d.light from Stanford’s Graduate School of Business and the Haas School’s Revolution Foods.

d.light is a spin-off from Stanford University that seeks to develop and commercialize sustainable lighting solutions for off-grid rural users in emerging markets. The target market is “Bottom of the Pyramid” (BOP) consumers who currently rely on low quality lanterns and candles for their lighting needs.

Haas School team Revolution Foods transforms school food service by providing healthy food, nutrition education, and operational support for schools in California. Revolution Foods, founded by Kristin Groos Richmond and Kristen Tobey, MBA 06, is the first company to provide the combination of quality food, nutrition education, and operational support to schools at a price that fits the requirements of the National School Lunch Program.

Omidyar Network gave a $300,000 gift this year to support the competition over the next three years. Additional sponsors include Hewlett-Packard, Morrison & Foerster LLP, Opus Prize Foundation, Gray Matters Capital, and New Resources Bank.

This year’s competition events will culminate in a one-day Global Social Ventures Symposium on Saturday, April 14, at the Haas School. Majora Carter, executive director and founder of Sustainable South Bronx, will give the keynote speech. Panelists from Acumen Fund, Benetech, Draper Richards Foundation, Give Something Back, Origo, Skoll Foundation, Technoserve, and Whole Foods will lead the discussions.

GSVC also presents a special Social Impact Assessment Prize to the team with the best social impact analysis. The winning team will be announced at the finals award presentation on Friday night and will present at the symposium on Saturday on April 14. For information on the symposium or to register, go to http://socialvc.net/index.cfm?fuseaction=page.viewpage&pageid=228.

For more information on GSVC, visit www.socialvc.net.




Haas Among Top Bschools in US News MBA Rankings

The Berkeley Full-time MBA Program was ranked #8 among US MBA programs, and the Evening & Weekend Program was ranked #5, according to the 2008 US News & World Report’s annual survey published on March 30, 2007.
 
The methodologies for the two rankings are different. The full-time program ranking, in which Haas dropped one spot from #7 last year, is based on the opinions of peer institutions and recruiters, as well as the extensive 2005 admissions and placement data of the schools surveyed. These factors were weighed as follows: 40% quality assessment by peer institutions and recruiters, 35% placement success, 25% student selectivity in admissions.

The Evening & Weekend MBA program has ranked #5 for two consecutive years. The Berkeley-Columbia Executive MBA program was ranked 12%. Both the part-time and executive MBA rankings are based purely on a perception poll of business school deans and MBA program directors at about 300 accredited US business schools.
 
The part-time and executive MBA rankings are part of the US News’ specialty rankings. Additional top-ten specialty rankings for Haas include:
 
#6 in Nonprofit
#7 in Marketing
#8 in Entrepreneurship
#9 in Management
#10 in Finance and
#10 in International

Haas also placed #10 in Health Care Management in a separate ranking of Health Disciplines.
  
For more information on the graduate rankings, go to http://www.usnews.com (registration required).




High School Students Help Hip Hop Label Break into European Market

About 35 high school students from low-income public schools in the Berkeley area will use their creative thinking and newly gained business skills to help Ruff Ryders, a hip hop music label, break into the European market as part of a case competition to be held by the Young Entrepreneurs at Haas Program (YEAH) on April 7.

Ruff Ryders provided the case for the competition. Ruff Ryders was founded in 1988, and has developed such hip hop artists as DMX, EVE, The LOX, DRAG-ON, and SWIZZ BEATZ. Berkeley MBA and business undergraduate students have been serving as mentors to the tenth graders, all of whom are enrolled in the YEAH program.

MBA and undergraduate students prepare the YEAH participants for case competitions such as this by teaching them company and market research, business case analysis, creative problem solving, and presentation skills.

The student teams will make their presentations on Saturday, April 7, at 2:00 p.m. in the Arthur Andersen Auditorium. The entire Haas School community is welcome to attend.

For more information on the YEAH program, visit http://www.haas.berkeley.edu/groups/yeah.




Lisa Lambert Speaking on Intel Capital’s Investment Strategies, April 13

Lisa Lambert, the managing director of Intel Capital, will be speaking at the Haas School on Friday, April 13. Her talk, part of the Berkeley-Columbia Speaker Series, will address Intel Capital’s investment strategy and what the organization is pursuing in its software group.

The talk will take place in Arthur Andersen Auditorium at 12:00 noon. The Haas School community is invited to attend.




Power Begets Power in Politics, Dal Bó Finds

The political landscape in the United States is littered with examples of political dynasties; President George W. Bush, House Speaker Nancy Pelosi, and Former Vice President Al Gore are but a few examples. Although access to political institutions may have increased in recent decades, a new study finds some evidence of a self-perpetuating political elite in Congress.

In a study of Congress since its inception in 1789, Haas School Assistant Professor Ernesto Dal Bó found that legislators who won re-election were 40% more likely to have a relative follow in their footsteps to the Capitol than those who held only one term.

“In politics, power begets power,” Dal Bó wrote with co-authors Pedro Dal Bó (his brother) of Brown University and Jason Snyder of Northwestern University in their recent working paper, titled “Political Dynasties.”

The authors were surprised to find that dynasties have been far more prevalent in Congress than among other occupations. They found that legislators were more than seven times more dynastic than economists and more than ten times more dynastic than doctors.

Dal Bó believes better contacts and name recognition are likely explanations for the prevalence of political dynasties in Congress. “People who stay in power for longer develop a series of advantages, such as stronger contacts with the party machine and name recognition,” he explains.

Dal Bó rules out the possibility that politicians simply pass down smarts and charisma to their offspring by comparing politicians who barely won re-election with those who barely lost. He hypothesizes that razor-thin victories are primarily caused by luck and mean there is little difference between the winner and loser. But he finds that even those close winners were significantly more likely to see relatives later elected to Congress.

If winners and losers are basically identical, then any difference in descendents entering Congress later is the result of the different outcome in the re-election – and subsequent longer time in power – and not personal or family characteristics, Dal Bó argues.

Moreover, dynastic legislators were actually less likely to have previous public service experience before going to Congress than other legislators, discrediting the theory that dynastic legislators pass down an affinity for public service to their offspring, Dal Bó says.

The evidence of a self-perpetuating political elite in Congress suggests that elections today can have political consequences 30 years later by paving the way for descendents to enter politics, Dal Bó says. “Political mistakes by confused electorates may have longer-lasting costs than simply conferring office to a bad candidate,” Dal Bó and his co-authors concluded.




Students Hike to Machu Pichu, Blog at Oxford University Over Spring Break

Although spring break often evokes images of sandy beaches, azure oceans, and palm trees blowing gently in the wind, Berkeley MBA students also used the break last week to blog on social entrepreneurship, participate in competitions, and even scale a mountain.

One group of MBA students, consisting of Rob Kaplan, Ellen Martin, and Edwin Ou, was invited to the Skoll World Forum on Social Entrepreneurship at Oxford University’s Said School of Business to blog about conference proceedings. The forum is an international event that attracts attendees from more than 40 countries for three days of discussions. The blog, titled “The Berkeley Bottom Line,” is available at http://www.socialedge.org/blogs/the-berkeley-bottom-line.

Another group of approximately 30 MBA students traveled with Sam Guo, a lecturer at Haas, and Julia Min Hwang, executive director of the MBA program, to Shanghai. The group, which was hosted by the Cheung Kong Graduate School of Business, participated in classes and industry trips to Unilver, Home Inn, Viaon, and Intel.

Meera Chary, a full-time MBA student, traveled to Guatemala as a Namaste-Direct Fellow to report on microfinance. Namaste-Direct is a non-profit organization based in San Francisco that supports microfinance institutions in Mexico and Guatemala by giving them grants that go to their first-time borrowers as loans.

Five MBA students, Luke Dunnington, Taku Kawane, Michael Pearce, Hitesh Parashar, and Danae Ringelmann, from both the Full-time and Evening & Weekend programs, participated in the Sustainable Venture Capital Investment Competition. The competition, which is hosted by University of North Carolina at Chapel Hill, aims to give students a real-world venture capital experience and an awareness of double and triple bottom line evaluation techniques.

And fourteen MBA students hiked to Machu Pichu, an Inca ruin in Peru. The group also visited the Sacred Valley, Cusco, and Lima.




Price and Turner Fellowships Available to MBA Students

The Lester Center for Entrepreneurship & Innovation is currently accepting applications for the Price and Turner Fellowships. Three $5,000 fellowships are available this year.

The Price and Turner Fellowships are awarded to eligible students interested in an entrepreneurial career. The Price Fellowship will sponsor two students and the Turner Fellowship will sponsor one student.

The deadline for submitting applications is 5:00 p.m. on Friday, April 13. Only one application is required to apply for both fellowships.

Information and applications are available at http://entrepreneurship.berkeley.edu/priceturner.asp.




Haas in the News

Terrance Odean, the Willis H. Booth Chair in Banking and Finance I, was mentioned in an article in the April issue of Kiplinger’s Personal Finance magazine titled “It Takes Two to Invest Well,” for his study of investors at a large discount-brokerage firm during the 1990s. For the full text: http://www.kiplinger.com/magazine/archives/2007/04/msw.html.

Nora Silver, director of the Nonprofit and Public Management program, was mentioned in a March 27 Los Angeles Times article titled “Donors affect charity’s mission,” regarding the controversial allocations of donations to United Way of Greater Los Angeles. For the full article: http://www.latimes.com/news/local/la-me-united27mar27,1,1490332,print.story?coll=la-headlines-california.

Steven Blank, lecturer, and Eric Ries, MS 67, were mentioned in a March 26 BusinessWeek special report titled “IMVU: Learning What Customers Want,” regarding Ries’s new startup success. For the full text: http://www.businessweek.com/technology/content/mar2007/tc20070326_796549.htm?chan=technology_special+report+--techs+best+young+entrepreneurs_tech's+best+young+entrepreneurs.

The Berkeley Energy Resources Collaborative (BERC) Conference was covered by the San Francisco Chronicle on March 22 in an article titled “Panel Looks at Control of Emissions.” The article also quoted Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration. For the full text: http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/03/22/BAGILOPM0E1.DTL&type=science.

The East Bay Business Times covered Haas undergraduate program’s stellar performance in the recent BusinessWeek undergraduate rankings on March 21 in an article titled “Haas attains lofty status in magazine survey.” The Haas undergraduate program ranked #3 overall and #1, according to the corporate recruiters polled in this survey. For the full text: http://eastbay.bizjournals.com/eastbay/stories/2007/03/19/daily42.html.

Glenn Woroch, executive director of the Center for Research on Telecommunications Policy, was quoted in a March 19 BusinessWeek article titled “The Mad Scramble over VoIP Patents,” regarding the enforcing of intellectual-property rights. For the full text: http://www.businessweek.com/technology/content/mar2007/tc20070319_156007.htm?chan=top+news_top+news+index_businessweek+exclusives.

Anna Utgoff, MBA 07, was mentioned in a March 19 CNN article titled “Educating future education leaders,” regarding the recent Education Leadership Case Competition on March 1-2, which was organized by Berkeley MBA students including Utgoff. For the full article: http://edition.cnn.com/2007/BUSINESS/03/19/execed.schools.

Christine Rosen, associate professor, was quoted in a March 16 San Francisco Chronicle article titled “Lesson learned by lenient sentences for HP defendants.” For the full text: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/03/16/BUG9OOM1FL1.DTL.

Abby Scott, executive director of MBA career services, and two MBA students, Zhe Xu and Patricia Cheung, were mentioned in a March 13 Wall Street Journal column titled, “More Chinese Graduates Return Home,” regarding the growing trend of MBA students returning home to China for work after graduating. For the full text: http://online.wsj.com/article/SB117374482213734773-search.html?KEYWORDS=abby+scott&COLLECTION=wsjie/6month.

Henry Chesbrough, executive director of the Center for Open Innovation, was mentioned in a March 12 Financial Times article titled “Intellectual property rules block search for new idea,” regarding his book, Open Business Models. For the full text: http://www.ft.com/cms/s/46875302-d0b6-11db-836a-000b5df10621.html.

The Haas School was mentioned in several news outlets regarding its pioneering of the Global Social Venture Competition and the shifting mindset of business school students in the recent competition:
+ March 14 India News article titled “ISB to groom teams from China, Singapore.” For the full text: http://www.indianmuslims.info/comment/reply/21968.
+ March 12 Times of India article titled “B-school grads think beyond profits.” For the full text: http://timesofindia.indiatimes.com/NEWS/India/B-school_grads_think_beyond_profits/articleshow/1749944.cms.

Philip Tetlock, the Lorraine Tyson Mitchell Chair II in Leadership and Communication, was mentioned in a March 11 New York Times article titled “The Brain on the Stand,” on the efforts to use scientific experiments about unconscious bias. For the full text: http://www.nytimes.com/2007/03/11/magazine/11Neurolaw.t.html?ei=5124&en=ac40f38d5eb9941d&ex=1332043200&partner=
permalink&exprod=permalink&pagewanted=all
.

Severin Borenstein was mentioned in several news outlets regarding the recent increase in gas prices.
+ March 14 CBS 5 story titled “$4 A Gallon Gasoline May Come Soon To Bay Area.” For the full article: http://cbs5.com/business/local_story_073212421.html.
+ March 14 Contra Costa Times article titled “40-cent jump in gas price blamed on refinery moves.” For the full text: http://www.contracostatimes.com/mld/cctimes/news/local/states/california/16900522.htm.
+ March 10 Scripps News article titled “Refinery profits double, gas prices up 44 cents.” For the full article: http://www.scrippsnews.com/node/20047.
+ March 9 California Progress Report article titled “As Refinery Profits in California Soar and Gas Prices Rise, Will Someone Do Something About it in Sacramento?” For the full text: http://www.californiaprogressreport.com/2007/03/as_refinery_pro.html.

Terrance Odean was quoted in a March 9 Oakland Tribune article titled, “Don’t let the Dow drop scare you, advisers say,” regarding advice for investors on the market’s decline. For the full article: http://origin.insidebayarea.com/business/ci_5394598.

Christine Rosen was mentioned in a March 9 Berkeley Daily Planet article titled “Sustainable Berkeley Grows Outside City Control,” regarding Sustainable Berkeley’s efforts to fight against global warming and endeavors to brand Berkeley as the country’s leading green city. For the full article: http://www.berkeleydailyplanet.com/article.cfm?archiveDate=03-09-07&storyID=26506.

Am Lily, BS 99, wrote an article titled, “A Celebration of Hope, Friendship: A Window into the New Indonesia,” which was published in the March 3 Jakarta Post’s opinion and editorial section. For the full article: http://www.thejakartapost.com/detaileditorial.asp?fileid=20070303.E03&irec=2.




Happening at Haas

ALUMNI EVENTS

NEW ENGLAND ALUMNI – Cross Business School Happy Hour
Tuesday, April 3
6:00 p.m. to 9:00 p.m.
Julien Bar and Lounge, Langham Hotel
250 Franklin Street, Boston
Join alumni from Wharton, Sloan, INSEAD, IMD, Stanford, Stern, Tuck, Yale, London Business School, Johnson, Fuqua, Harvard, and Columbia for the monthly Cross Business Happy Hour.
For more information, contact Celine Pan at celine_pan@yahoo.com.

EAST BAY ALUMNI – Career Transition Series
Thursday, April 5
6:30 p.m. to 8:00 p.m.
Haas School S489
East Bay Alumni are cordially invited by Haas Alumni East Bay Chapter to number six in the Career Transition Series, titled “Top 10 Candidate Lies.” The presentation is a tongue-in-cheek look at executive interviewing.
To register, visit http://www.acteva.com/booking.cfm?bevaid=128667.
For more information, contact Jason Chang at jasonchang@mba.berkeley.edu, or call 650-261-6825.

BAY AREA ALUMNI – “Dancing with the Stars” Toe to Toe – Cal v. ODC
Thursday, April 5
6:30 p.m. to 9:30 p.m.
The Concourse
635 8th Street
San Francisco
Bay Area alumni are cordially invited to a benefit for the new ODC Dance Commons. Top Cal athletes will compete against some of the Bay Area’s best dancers in a series of entertaining tests of skill, strength, and agility.
To register, visit http://virtuous.com/events/v/136921694/2007-04-05.html.
For more information, visit http://odcdance.org/toetotoe/index.html.

BAY AREA ALUMNI – Annual Dinner and Silent Auction – Berkeley Chinese Alumni International Association (BCAIA)
Saturday, April 7
5:30 p.m. to 10:00 p.m.
Sheraton Gateway Hotel
600 Airport Blvd
Burlingame
Bay Area alumni are cordially invited to the third BCAIA Annual Dinner. This year’s theme is “Renewal Energy and Its Future Impact to Society” and Dr. Steven Chu, director of Lawrence Berkeley National Laboratory and 1997 Noble Prize Winner in Physics, is the keynote speaker.
To register, visit http://www.bcaia.org.

SAN DIEGO ALUMNI – Haas Celebration in San Diego
Tuesday, April 10
7:00 p.m. to 9:00 p.m.
La Jolla Beach & Tennis Club, Walnut Lounge
2000 Sprindrift Drive
La Jolla
The San Diego chapter of the Haas Alumni Network cordially invites alumni to an evening with Dean Tom Campbell.
To register, visit www.haas.berkeley.edu/alumni/sandiego.

SOUTH BAY ALUMNI – An Evening With Professor William W. George
Wednesday, April 11
6:00 p.m. to 9:00 p.m.
Pacific Athletic Club
200 Redwood Shores Parkway
Redwood City
South Bay Alumni are cordially invited to join HBSA/NC & Stanford GSB for an exhilarating evening with Prof. Bill George.
To register, visit http://www.hbsanc.org/events/EventDetail.asp?id=SF451/SF451.

SINGAPORE ALUMNI – Launch of the Berkeley Club of Singapore
Thursday, April 12
7:00 p.m. to 9:30 p.m.
Asian Civilization Museum, Shaw Foundation Foyer
1 Empress Place
Singapore
Singapore Haas alumni and their guests are cordially invited to the launch of the Berkeley Club of Singapore.
To register, visit http://berkeleyinternational.wufoo.com/forms/berkeley-club-of-singapore-launch.
For more information, email berkeleyclubofsingapore@yahoo.com.sg.

HONG KONG ALUMNI – An Evening With Chancellor Robert Birgeneau
Friday, April 13
6:30 p.m. to 8:00 p.m.
The American Club
Two Exchange Square
Hong Kong
Hong Kong alumni, parents, and friends are cordially invited by the Berkeley Club of Hong Kong to attend a reception with Chancellor Robert and Mary Catherine Birgeneau. Please register by April 6.
To register, visit http://berkeleyinternational.wufoo.com/forms/berkeley-club-of-hong-kong/.

MARKETING SEMINARS

Shansby Marketing Seminar
Aimee Drolet, The Anderson School at UCLA
Friday, April 6
11:30 a.m. to 1:00 p.m.
C320 Cheit Hall
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

Shansby Marketing Seminar
Eugenio Miravete, University of Texas at Austin
Friday, April 13
11:30 a.m. to 1:00 p.m.
C320 Cheit Hall
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

OBIR

OBIR Colloquium
Aiwa Shirako and Will Self, Haas PhD candidates
Wednesday, April 4
4:00 p.m. to 5:30 p.m.
C330 Cheit Hall
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

OBIR Colloquium
Gavin Kilduff and Erika Henik, Haas PhD candidates
Wednesday, April 11
4:00 p.m. to 5:30 p.m.
C330 Cheit Hall
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

FINANCE SEMINARS

“Mortgage Timing”
Stijn Van Nieuwerburgh (New York University)
Thursday, April 5
4:10 p.m. to 5:40 p.m.
C220 Cheit Hall
For more information, contact June Wong at june@haas.berkeley.edu.

“Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs”
David Scharfstein (Harvard University)
Joint with Oliver E. Williamson Seminar on Institutional Analysis
Thursday, April 12
4:10 p.m. to 5:40 p.m.
C220 Cheit Hall
For more information, contact June Wong at june@haas.berkeley.edu.

THE MANAGEMENT OF TECHNOLOGY PROGRAM SERIES

Silicon Valley’s New Investment Environment – Randy Komisar
Wednesday, April 4
4:00 p.m. to 6:00 p.m.
Wells Fargo Room, C420
Kleiner Perkins Caufield & Byers is a top-tier venture capital fund known for record-setting investment returns. General Partner Randy Komisar will explain how the firm makes its picks and the current environment for entrepreneurs.
For more information, please email motadmin@haas.berkeley.edu or call 510-643-1398.
For complete series listings, visit http://mot.berkeley.edu/Berkeley_Students/News/Lecture_Series/SP07/SP_07.htm.

Global Investing– Michael Marks of Kohlberg Kravis Roberts
Wednesday, April 11
4:00 p.m. to 6:00 p.m.
Wells Fargo Room, C420
After serving as CEO of Flextronics for 13 years, Michael Marks joined KKR in 2005, leading investments in technology businesses. Since 1975, KKR has invested in more than 130 transactions totaling over $162 billion.
For more information, email motadmin@haas.berkeley.edu or call 510-643-1398.
For complete series listings, visit http://mot.berkeley.edu/Berkeley_Students/News/Lecture_Series/SP07/SP_07.htm.

INSTITUTIONAL ANALYSIS WORKSHOPS

The Oliver E. Williamson Seminar on Institutional Analysis (formerly IDS270)
“Age and Great Invention” – Ben Jones (Northwestern-Kellogg)
Thursday, April 5
4:00 p.m. to 6:00 p.m.
C325 Cheit Hall
For more information, visit http://groups.haas.berkeley.edu/imio/workshops2007.htm.

The Oliver E. Williamson Seminar on Institutional Analysis (formerly IDS270)
“Skill vs Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs” – David Scharfstein
Thursday, April 12
4:00 p.m. to 6:00 p.m.
C325 Cheit Hall
For more information, visit http://groups.haas.berkeley.edu/imio/workshops2007.htm.

OTHER EVENTS

Economic Analysis and Policy Group Seminar
Tuesday, April 3
4:10 p.m. to 5:30 p.m.
C330
Guest speakers from around the world address EAP topics.
For speaker topics, visit http://faculty.haas.berkeley.edu/borenste/EAPsem07.html.
For more information, please contact Milton Fong at mfong@haas.berkeley.edu.

Management of Technology (MOT) Program Pizza Luncheon and Info Session
Wednesday, April 4
12:30 p.m. to 1:30 p.m.
Wells Fargo Room
Learn about MOT and hear about Fall MOT classes from the instructors
For more information, visit: http://mot.berkeley.edu/IndexPage/SP07Pizza.html.

Berkeley Center for Law, Business and the Economy – Luncheon Speaker Series
“Representing Jeffrey Skilling at Trial” – Matt Kline, JD 99
Monday, April 9
Boalt Hall, Room 105
Matt Kline served on the trial team that represented Jeffrey Skilling, former CEO of Enron. He shares insights and lessons from that experience.
For more information, email BCLBE@law.berkeley.edu.




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