PiperWai, which sells the first creme deodorant to use activated charcoal, went in the Shark Tank on Friday and came out with a deal from real estate entrepreneur Barbara Corcoran. Started by Sarah Ribner (Columbia Business School ’16) and Jess Edelstein, the startup received offers from sharks Corcoran and Lori Greiner, ultimately counter-offering and landing a $50,000 deal.
The deodorant is currently available on PiperWai’s website and over 30 retailers across the nation. We hope they’re seeing a post-Shark Tank bump! Congrats to Sarah and Jess, we’ll be keeping track of PiperWai!
Here’s some post-show reactions from their newest partner and other sharks:
Trust your gut!!! It’s the best partner you have for making the right decisions. #SharkTank#PIperWai
On November 20th, 2015 at Watson Library in Uris Hall, Columbia Business School and Columbia’s Graduate School of Engineering held its first cross-school business hackathon- Lion Hack.
Armed with technical advisors from Google and Venmo, drinks from Dig Inn, and caffeine supplied by Wandering Bear Coffee (a startup born out of Columbia Business School), the students raced to complete an MVP, a pitch deck, and a business plan within 24 hours.
By Saturday the dust had cleared and 5 judges from venture capital, the New York angel investing community, and Columbia Engineering gathered to judge the efforts of over 100 students from across the university. Some had dropped out, but those that made it to present put forth ideas that ranged from energy to digital currency tools.
At the end two winners emerged and were fast tracked to participating in the presentation rounds of Columbia Business Schools I.E. Program:
MemorEyes – a new web app in the educational and productivity business. We are a startup company that aims to help students, actors, or anyone memorize vocabulary, poems, lyrics, lines, or anything else. The user inputs everything they want to memorize, by word or by line, and we match each segment with a specific picture with varying colors and shapes.
Sierra Leone Solar Corp. (SLSC) – a social venture with the aim of reducing energy poverty in urban and peri-urban areas of West Africa, especially Sierra Leone. To achieve our goal, we are targeting under-served market segments by providing cheap, clean and reliable solar energy to our customers. We overcome the hurdle of high upfront cost by offering lease-to-own and pay-as-you-go payment plans for solar lamps.
Congratulations to the Winners! While the event was not without it’s hiccups, reactions to the hackathon have resulted in demand for a spring version of the hackathon from students. Investor have been overwhelming positive and they are excited to participate in further events geared toward getting students to launch businesses. Lion Hack has been officially added to CEO’s recurring events so look out for the next hackathon in Spring or Fall of 2016.
On Friday, March 6, ten selected members of CEO headed to Techstars’ midtown office and it was just about what you’d expect for a typical Friday 6pm happy hour at Techstars. Entrepreneurs were chatting in corner sipping on kegs of craft beer and chomping down pizza, while others batted it out on the ping pong table a few yards away from team members at their desks locked face deep in code. The CEO members who attended were those who expressed specific interest in one or more of Techstars companies in their current “cohort.” Techstars Director KJ Singh (CBS ’11) addressed the group and toured them around the office before pairing them off with the companies. Our students matched up with bentobox, provider of mobile-optimized websites and digital marketing tools for restaurants, Cartesian Co , enabler of rapid electronics prototyping with our desktop 3D printer for circuit boards, DataCamp, an online data science school that uses video lessons and interactive coding challenges, Goods of Record, an online marketplace for artisan men’s goods, made only in America, irisVR builder of software to share, edit, and visualize 3D models in virtual reality, Keymetrics a software-as-a-service monitoring solution for Node.js, Localize translator of your website with one line of code, Pilot, a new kind of internet provider, LSQ a rapid software development platform for Node.js, Spoon University a food network for the next generation, Stream is a web service for building scalable newsfeeds, and UniqueSound is a marketplace that helps brands, ad agencies, and video producers to get original and affordable music directly from composers. These companies, some of which may turn out to be household names, were eager to meet with CBS students for support with part time work, summer internships, and finding full time positions before they head into demo day to seek their next round of funding. After demo day, these companies head out of the Techstars into various office spaces or co-working labs across the city and we hope some of our folks will be joining or supporting them as they grow!
In a joint event held at Columbia, CEO and CommonBond cohosted Conversations with NYC Startup Leaders on February 4th. Six leaders from the startup community held intimate talks in a round-robin format with current MBA students. The following guests attended the event:
Rent the Runway fireside chat with Jennifer Hyman at CBS hosted by CEO
On November 18th, CEO and CWiB cohosted a fireside chat with Jennifer Hyman, CEO and Cofounder of Rent the Runway. The talk was moderated by Brandon Holley, former Editor in Chief of LUCKY & GM of Yahoo! Shine, and current CEO of Everywear. Jennifer inspired attendees at the sold out event with stories about founding RTR, from the initial concept to fundraising to exceeding yearly projections in the first week of business to running the sophisticated logistics operation the company is today. She also spoke to social media’s impact on the fashion industry and the future direction of her company, which is in the process of opening several retail stores in the US.
For you aspiring entrepreneurs, business school is the best place to start a venture — you have access to amazing resources, mentoring, and people who are excited about new ideas; and it doesn’t end at graduation!
My years at Columbia Business School were two of the best of my life — having time to focus on your goals is a precious gift—and I spent them dedicated to entrepreneurship. Between the incredible classes, the Columbia Entrepreneurs Organization, events, networking, and being in NYC, I was pretty busy. I worked on two different startup ideas, made fantastic friends, and learned that a successful startup isn’t only about having a killer idea but more importantly about picking the right people to start it with.
A few months before graduation, my friend Adrian asked me for coffee to chat about his startup, Sailo, a peer-to-peer boat rental marketplace that connects boat owners to licensed captains and renters. I had just abandoned startup idea #2 and was curious to hear about his project. Little did I know that our discussion would be the first of many! I spent the following months working with him and his Cofounder, Magda, getting to know the business and team. I confirmed that this was the right idea, the right time, and the right people for me. By graduation, I had joined as Cofounder, and we’ve been working together ever since!
We were accepted into the Columbia Startup Lab (CSL), the new and beautiful co-working space for recent Columbia graduates at WeWork Soho West. In addition to having a stunning work area, event space, and conference rooms, CSL also organizes workshops, mentoring, and office hours for coaching. Most importantly, the Lab is full of incredible people and companies. Everyone is super helpful! From giving pitch deck feedback, SEO advice, or just sharing a beer, we’re really part of a close-knit community, which feels very much like when we were students. I like to call it my 3rd year of B-school (minus all the exotic travel…). To learn more about CLS take a look at the video above.
Being a part of the lab has helped us grow quickly: Sailo went live in mid-August and by September 4 we opened the site for bookings in New York! Our Florida launch is planned for mid-October, and CSL helped us get press and access to investors and mentors. We are so excited to be where we are now and feel so very grateful to Columbia for this fantastic opportunity to work out of such an inspiring co-working space!
On Friday, October 3rd, CEO held its first NYC Industry Trek, with the theme for the week of Media. We visited two incredibly interesting and up-and-coming New York startups in this space: Trustpilot and Bloglovin’. Both companies provided valuable insight into their companies and what it takes to build and grow a startup.
We started off the morning visiting Trustpilot in their offices on 5th Avenue near Madison Square Park. We got a tour of their lively office space (keggerators and ping-pong tables included!) and then got a chance to hear from three different early employees about their roles and the company itself. Trustpilot is an open, review-driven community connecting online consumers with the companies they buy from. It is almost like Yelp for online merchants. The company started in Denmark, and developed a massive following in Europe. Since launching in the US, the team in New York has grown to 55 members, and the company has a goal to reach 200+ members by next summer. Two key takeaways from the visit were: (1) The most important part of building a successful company is building the right team that is best equipped to execute the company’s strategy; and (2) When sourcing new employees, make sure to understand exactly what it is that you need in that role, both qualitatively and quantitatively, and then go out and find the right person for the job.
Afterwards, we all grabbed lunch, and of course went to Shake Shack in Madison Square Park and devoured some delicious burgers!
Next, we walked to our final destination to visit Bloglovin’, who are located in the Betaworks space on Little West 12th Street. We started off getting to hear from Kamiu Lee, a CBS ’14 grad, about her experience working at the company. We then got a chance to speak with three of the company’s co-founders, a group of young and dynamic friends. Bloglovin’ allows users to aggregate all of their favorite blogs into one convenient feed that automatically updates each time one of their bloggers writes a new post. The company was started in a shed in Sweden by five friends who had just finished high school and decided not to go to college. After two failed attempts at starting companies that involved two-sided marketplaces, the co-founders finally realized they were onto something when they started Bloglovin’, and have been growing tremendously ever since. Two key takeaways from the visit were: (1) Don’t build something that you “think” customers will want; solve a pain point for customers and iterate quickly based on customer feedback; and (2) Be aware of your strengths and weaknesses, and don’t be afraid to bring in someone more senior than yourself to help run the business.
We hope to see many of you at our upcoming treks throughout the semester!
The Columbia Entrepreneurs Organization (CEO) is excited to welcome everyone to campus. We have an exciting year of events planned, and can’t wait for everyone to get involved with the entrepreneurship community at Columbia. We have a few events that we want everyone to keep an eye out for, particularly for the first years. Today, August 25th, we are hosting an information session during lunch that will go through many of the resources available to entrepreneurs, particularly geared towards getting first years on track to take advantage of what CEO, CBS, and Columbia University have to offer in their entrepreneurial endeavors.
Tomorrow, we are hosting an event downtown for incoming CBS entrepreneurs to check out our brand new Columbia Startup Lab. There, current students will hear from former students that have launched startups since graduating and have utilized the fantastic WeWork space Columbia has reserved downtown. Afterwards, we will head to a nearby bar for people to get to know their fellow entrepreneurial peers. (Note: Because of space limitations, we have to cap the headcount of this event, but we will certainly have more!)
The next major event planned will be the Peter Thiel speaking event on September 17th (http://bit.ly/1ns9v45). Peter Thiel is a very successful investor, and it is a great honor having him come to campus to speak with aspiring Columbia entrepreneurs. Outside of the Peter Thiel event, we have a tremendous lineup of speaker events lined up over the coming year. In addition, we are organizing a variety of treks where we will visit startups in NYC, competitions, and networking events to help CBS students in all of their entrepreneurial pursuits. Keep an eye on the CBS calendar on this site for more information on all of these great events.
CEO is looking forward to an amazing year, and we are excited for everyone in our community to get involved and utilize all of the programming our outstanding board has put together!