Haas NewsWire

Haas NewsWire, April 22, 2002

**Two special Haas events this week not to be missed **

High School Students Energized About Business by Haas School Mentors
Australian Entrepreneurs Learn the US Venture Capital Model at Haas
Join a Discussion of Global Issues by Distinguished Faculty and Alumni
The Haas School Advisory Board Looks to the Future
Stay in the Loop: Come to the State of the School Speech on April 30
Haas Reaffirms Accreditation with International Association
49ers President Peter Harris to Speak at Haas
Haas in the News
Happening at Haas

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Forty-two high school students from some of the east bay's most disadvantaged school districts will be pitching fully developed business plans to a star panel of judges at the Youth Venture Capital Competition organized by MBA mentors with the Young Entrepreneurs at Haas program. The Haas School of Business and the University of California's statewide MESA program jointly sponsor the program.

The competition will take place at the Haas School on Saturday, April 27, from 8:30 a.m. to 1:00 p.m. Presentations by each of the young entrepreneurs will be reviewed by judges drawn from Haas faculty, alumni, and local business leaders. "The young people are competing not only for bragging rights for the most viable business, but also for a total of $10,000 in savings bonds to help them pay for their college education," says Ajuah Helton, the program's manager.

The YEAH students have been crafting their business plans for nearly a year. After an intensive two-week summer business camp, they spent two Saturdays each month with 55 MBA student mentors, learning the skills it takes to create a successful business - everything from raising capital to identifying a target market, analyzing the competition, and developing a marketing plan.

Benefiting from the rich resources of the Berkeley campus, the youth created financial projections and presentation slides in the Haas computer lab. They also learned from Haas faculty. For example lecturer Bill Sonnenschein explained strategies to overcome the fear of public speaking. Associate Professor Suneel Udpa gave a lively lecture on financial plans, balance sheets, and income statements.

Since 1989 the YEAH program has been using the principles and real-life lessons of business, finance, and entrepreneurship to educate under-served youth and support their advancement to higher education. The program has prepared more than one thousand young people for success in college and in the world of business and finance. Currently, the program serves nearly 300 students from dozens of schools in the Berkeley, Oakland, San Francisco, and West Contra Costa school districts.

YEAH is funded through a variety of public and private sources, including Berkeley's School/University Partnership program, UC's statewide MESA program, and a variety of charitable foundations and individuals. For more information on YEAH, please visit http://haas.berkeley.edu/yeah or call 510-642-7880.

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A group of thirteen Australian entrepreneurs came to Haas last week, to soak up as much of the American entrepreneurial model as they could. They participated in a custom program of the Center for Executive Development called Australian Venture Capital Program.

CED offered this five-day custom program as one component of the Venture Capital Access Program (VCAP), a joint program of the Victorian Employers Chamber of Commerce & Industry (VECCI) and the Victorian State Government of Australia. The participants competed for slots in the program against other entrepreneurs from Australian startups. Each company had to demonstrate that they had high-growth potential to be considered for the program.

"This has been an enlightening experience," says David Vitale, CEO and founder of Flexicomm. "The difference between the Silicon Valley model and the Australian model is in the sheer volume of deals and the size of the deals -- the whole process is different. My goal here was to sponge up as much information as possible to take home." His four-year-old company, Flexicomm, provides customized e-learning products for the financial services industry.

Vitale hopes that the connections created here with the other participants of the program can be built into an entrepreneurial network back in Australia that would help all of the participants gain both outside funding and financial success.

VCAP integrates site visits with classroom work at Haas. Attendees spent much of the week on the Haas campus learning from Haas faculty including Jerry Engel, adjunct professor and executive director of the Lester Center for Entrepreneurship & Innovation; John Freeman, the Helzel Professor of Entrepreneurship and Innovation and the director of research for the Lester Center for Entrepreneurship and Innovation; and Florian Zettelmeyer, assistant professor in the Marketing Group. The group then traveled to Silicon Valley to visit Silicon Valley Bank; Wilson Sonsini Goodrich, and Rosati; and venture capital firm Canaan Partners.

For more information on CED programs, visit http://haas.berkeley.edu/groups/ced/.

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Each year, the Faculty Alumni Colloquium brings together the members of the Haas community for a day of learning and networking. This year's colloquium focuses on global issues and brings together some of the school's most popular faculty with alumni who have built stellar careers after Haas. It is an event not to be missed. The colloquium is Saturday, May 4, from 8:30 a.m. to 2:45 p.m. All of the day's activities will take place at the Haas School.

The keynote speaker, Gordon L. Stitt, MBA 82, president, CEO, and co-founder of Extreme Networks, will talk about "Starting Up Global: The Surprising Advantages of Rapid Globalization." Extreme Networks is a fast growing, global networking company that provides simplified ethernet networks. A 22-year industry veteran, Stitt has held marketing, sales, and management positions with leading computing and data communications companies. Drawing from his own professional experience, he will reveal the surprising advantages in globalization that Extreme Networks, Inc. and others have gained from being true worldwide organizations.

Stitt's remarks will be followed by a faculty panel addressing the current economic landscape and four one-hour presentations addressing economic, financial, marketing, and organizational behavior topics.

Andy Rose, the Bernard T. Rocca, Jr. Professor of International Trade, and Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics, will speak on the faculty panel titled, "The Global Economic Outlook." The panelists will assess recent developments and offer perspective on the outlook for economic performance in the United States as well as key global markets including Japan and the Euro area.

This panel will be followed by morning and afternoon sessions, each offering two concurrent faculty lectures.

Session I in the morning includes:

Session II, the afternoon session includes:

For more information contact the Haas Alumni Relations office at 510-642-7790 or email alumni@haas.berkeley.edu. To register, visit http://haas.berkeley.edu/alumni/colloquium.

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The Haas School Advisory Board, a group of distinguished alumni and friends of the Haas School, met last week to discuss ongoing efforts at Haas and the future role of the board. The board serves as the primary corporate resource for the school and the dean.

Advisory Board members are primarily senior executives, many of who are Haas alumni. Among the board members attending last week were board chair Roger Siboni, president and CEO of E.piphany; Richard Blum who heads his own investment firm and who was recently named to the UC Board of Regents; Mike Gallagher, president and CEO of Playtex; Mark Kvamme, partner at Sequoia Capital; and Arun Sarin, CEO of Acceo-KKR Telecom.

At the Friday meeting, the presentations and discussions focused on the success of the new degree programs at Haas, a discussion of the latest rankings, and fundraising requirements. Siboni led a spirited discussion about the changing role of the Advisory Board and received agreement to work on a recommended board structure to present to the new dean as soon as he or she is named. This restructuring is meant to provide a better focus for board activities in the future.

Professor Muhammad Yunus, founder of Grameen Bank and developer of the largest institution of micro-lending in the world, addressed the group. He talked about the role of MBA students participating in the Haas International Business Development (IBD) program in helping the bank and some of its affiliated companies fulfill their mission of engaging poor people in building and owning their own businesses.

On Thursday evening board members and their spouses met for dinner at the Presidio Golf Club in San Francisco. Dean Emeritus Ray Miles and Interim Dean Benjamin Hermalin led a panel discussion of corporate governance challenges in light of the Enron situation and the high tech meltdown. Siboni, Blum, and Adjunct Professor Clancy Houghton contributed to the discussion, as did many of the board members in the audience.

The next board meeting is planned for November 8, 2002.

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The entire Haas community is invited to the annual State of the School Address on Tuesday, April 30. All students (undergraduates, Full-Time MBA, Evening MBA, MFE, and Ph.D.), faculty, staff, alumni, and friends are encouraged to come and listen to Interim Dean Benjamin E. Hermalin discuss the Haas School's plans and progress on a wide range of issues.

A question-and-answer period will follow the address. The State of the School Address will be held in the Wells Fargo Room from 12:30 p.m. to 2:00 p.m. and again from 7:30 p.m. to 8:15 p.m.

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The Haas School recently achieved reaffirmation of accreditation of its undergraduate, MBA, and Ph.D. degree programs in business administration from the Board of Directors of AACSB International -- the Association to Advance Collegiate Schools of Business.

"Re-accreditation is reaffirmation of the quality of the degree programs offered by Haas," says Benjamin E. Hermalin, interim dean.

To achieve AACSB International accreditation, business programs must satisfy the expectations of a wide range of quality standards relating to curriculum, faculty resources, admissions, degree requirements, library and computer facilities, financial resources, and intellectual climate that are all mission-linked.

AACSB International is a nonprofit organization consisting of more than 800 educational organizations and corporations devoted to the promotion and improvement of higher education in business administration and management.

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A pioneer in entertainment retailing and current president and CEO of the San Francisco 49ers, Peter L. Harris, will be speaking at Haas on May 6, 2002, from 4:00 p.m. to 5:00 p.m. The event, which is free and open to the public, will take place in the Wells Fargo Room. A reception will follow.

Peter Harris joined San Francisco's football team as its eighth president in 2000 with more than 20 years experience as CEO of various companies. He brought some of Silicon Valley's technology to the stands of his ballpark when he introduced a new initiative that made it possible for fans to communicate with each other and those at home and access 49ers statistics through their Palm Pilots during the game.

Harris may be best known as the former CEO of FAO Schwartz in New York, which he purchased with an investment partner in 1985 when the company was floundering. His focus on the customer experience and the creation of an interactive shopping experience allowed him to turn the company around and establish it once again as a leading world retailer of fine toys and gifts for children.

Before joining FAO Schwartz, Harris spent 18 years at Gemco Department stores, a subsidiary of Lucky Stores, where he rose to the position of CEO at age 36. He later returned to his native California and entered Silicon Valley's tech sector as CEO of Accolade, an entertainment software developer and publisher. In 1995, he became CEO of Picture People, which he turned into a 300-store chain of children's and family portrait stores headquartered in Foster City.

Harris serves on the boards of The George Lucas Education Foundation, the San Francisco Chamber of Commerce, and a private grammar school and is active in three nonprofit children's wellness organizations. He was recently appointed to the board of directors of the Bay Area Sports Organizing Committee, making him an active participant in San Francisco's bid for the 2012 Olympic Games.

Born and raised in Stockton, California, Harris was a three-sport athlete in football, basketball, and baseball in high school. He earned his undergraduate degree in business administration from Whittier College in 1965.

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Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, was interviewed on KQED FM's California Report on April 19 for a segment on electricity capacity and investment in California.

The Lester Center for Entrepreneurship & Innovation at the Haas School was mentioned in the Berkeleyan on April 18 in an article titled "Penhoet Receives Lester Center Lifetime Achievement Award." Ed Penhoet, dean of Berkeley's School of Public Health, will receive the award on April 25.

Borenstein also appeared on KRON Channel 4's 6:00 p.m. news on April 18 discussing the US senate's rejection of drilling for oil in the Alaskan arctic refuge.

The Bronx Charter School, winner of the $25,000 Grand Prize for the Medium-Growth category in the National Social Venture Competition, was mentioned in The New York Times on April 18 in the article, "Budget Cuts Money Meant for Schools Under Charter."

The Bronx Charter School was also mentioned in The New York Times on April 17 in an article titled "As Social Status Sags, Teachers Call it a Career."

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was quoted in Reuters English News Service on April 17 in an article titled "USA: Update 4-Bush Considering Bernanke, Kohn for Fed Board." Yellen spoke warmly of both Ben Bernanke and Donald Kohn, who are being considered by President Bush for seats on the Federal Reserve Board.

Borenstein was also interviewed on National Public Radio's Morning Edition on April 16 for a piece on electricity conservation.

Carl Shapiro, the Transamerica Professor of Business Strategy and Director of the Institute of Business and Economics Research (IBER), was mentioned in the Wall Street Journal on April 16 in the article, "Justice Department Backs Basis of States' Case Against Microsoft." Shapiro is the economic expert for nine states seeking tough restrictions on Microsoft's business practices.

The fourth annual UC Berkeley Business Plan Competition was featured in the Associated Press Newswires on April 16 in the article "UC Business Plan Finals." The six teams competing in the final round on April 23 and 24 were announced.

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