Stories related to "International Business".


On the Ball

David Han, ’02, CEO and cofounder of Yao Capital, long dreamed of starting his own private equity shop. It’s unlikely, however, that he initially envisioned that that venture would pair him with NBA Hall of Fame basketball player Yao Ming, one of the tallest men ever to play in the National Basketball Association. Yet in January 2016—along with close Booth friend and Yao Ming’s longtime business partner, Erik Zhang—Han cofounded Yao Capital with the renowned Chinese sports icon. Their firm focuses on investments in the sports industry in China and around the globe. Considering that Yao is seven feet six and Han more the height of a point guard, the two men would be quite a mismatch in a game of one-on-one hoops. When it comes to investing, they just might be the ideal teammates.<br/><br/>Promising early Yao Capital deals involving the world’s leading kickboxing league, a booming North American sports nutrition company, and a fast-growing auto-racing championship featuring 140-miles-per-hour electric cars have put a smile on Han’s face. “We’ve made very good investments in the early stages, in and out of China,” he said, sitting in a sunny conference room of Yao Capital’s 10th-floor offices in central Shanghai. “We’re in the right time and the right place. And so far, it’s on the right track.


Entrepreneurs without Borders

In June 2014, after five years in the marketing department at Coca-Cola, Jonas De Cooman, ’16 (EXP-21), felt stalled intellectually. He was ready to push his boundaries. He planned to pursue his MBA while continuing at Coca-Cola. Then unexpected policy changes at work eliminated continuing education support for De Cooman, and it looked like his plans were crumbling. So he sold his apartment. With two small children, De Cooman and his wife carefully weighed their options and the risks involved. Selling their apartment in Belgium provided the only way to afford his MBA. “I decided to pursue an MBA to kickstart my personal learning curve,” he said. De Cooman realized that he wanted to gain more control over his career and make his own mark in the global marketplace as an entrepreneur. With an extensive consumer marketing background, a global perspective, and a promising business idea, he also saw knowledge gaps he needed to fill in order to launch and operate a scalable new business. “I am driven by personal growth and I felt that I was not learning at the same pace that I used to be learning at the start of my career,” he said. “I chose to study again because I didn’t feel equipped enough to be an entrepreneur.”<br/>


Six Days to Pitch

The History: The Global New Venture Challenge (GNVC) is the Executive MBA track in the New Venture Challenge process, which began 21 years ago. We kick off the GNVC in August when all of the Executive MBA students are in Chicago for their electives. The entrepreneurs put together a feasibility study about their businesses, encourage others to join their teams, and submit an application in October. We choose about six teams from each cohort—Chicago, Hong Kong, and London—to participate in the class. The Preparation: Because the course is so short, it actually starts as soon as we choose the teams. I have a kick-off WebEx call in the fall with the teams, who are located all over the world, to start working on their business models. I then host webinars for all of the teams on business plans and presentations. Finally, I have a second, one-on-one call with each team in the winter. Business plans are due a week before class starts, because I want the teams to have written their story and really gotten it down. The Curriculum: The weeklong class is stressful. It’s intensive, and it doesn’t look like a normal class. On the first day, students present to a group of coaches, judges, and outside mentors, and they get a lot of feedback. We handpick mentors for each team based on industry, business model, and startup experience to get them started working with outside people on their model and story. <br/>