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Tuesday, July 16th 2019

Lavin Entrepreneurship Center Community Newsletter

March, 2019

Lavin 2018 Annual Report

Lavin 2018 Annual Report The Lavin Entrepreneurship Center is excited to announce the release of the 2018 annual report. Working closely with our advisory board, the Lavin Entrepreneur Center sets both a six-month and a twelve-month operational plan focusing on achieving specific objectives. The annual report features our efforts focused on entrepreneurship training and education, start-up mentoring, neighborhoods revitalization, small business growth plans and much more.

Some of the main focuses of the 2018 annual report include the new $90 million Engineering and Interdisciplinary Sciences Complex project, the 5-year $250k donation from Ms. Carol Lavin Bernick supporting student entrepreneurs, the $250k donation from board member Steven Osinski and his family for a woman in leadership and entrepreneurship speaker series and the three-way partnership between the Lavin Entrepreneurship Center, the national law firm of Duane Morris LLP and the University of San Diego Law Clinic. This annual report, as well as past reports, are available to view online on our website. Please take a few minutes to check out our newest report and see everything we have been doing the past year.

To download or view the 2018 annual report, please go to this link.>>

SDSU Teams Perform Well at the Regional VCIC’s

Lavin 2018 Annual Report San Diego State University’s teams of entrepreneur students had some outstanding performances at the MBA and undergraduate 2019 Venture Capital Investment Competition. The teams traveled to their competition’s locations where they both secured the second place award for their overall knowledge of venture capital.

At the VCIC, students are the investors and real entrepreneurs are the ones pitching in order to seek funding. Each team played the role of a hypothetical venture capital firm whose job it is to evaluate the available investment options (the entrepreneurs) and decide where to invest their money. Led by SDSU Research Foundation Program Director John Mcmillan, SDSU graduate and undergraduate students impressed the venture capitalist judges for their evaluations of pitch decks, conducting due diligence sessions with entrepreneurs, analysing start-ups, negotiating term sheets and their valuation of companies, alternative financing and investment terms.

SDSU graduate students Sarah Cooper, Ryan Dooley, Paul Ledtke, Brandon Rodd and Elaine Youngs took part in the team that competed at the West Coast Regional Finals at the University of Southern California. SDSU undergraduate students Paige Doherty, Carter Strickling, Brian Heck, Alexander Rivera and Jeremy Harris formed the undergraduate team that competed at the Google Sunnyvale Campus. SDSU was one out of six teams of five students participating at the VCICs. Other schools in attendance were the University of San Francisco, the University of California at Los Angeles, the University of California at Berkeley, the University of California at San Diego and Brigham Young University.

Lavin entrepreneur and computer science junior Paige Doherty, looked at the event as a networking opportunity rather than a competition against other students. “I really liked that it was structured in that you didn’t feel like you were competing against the other schools, more like you against the judges,” she said. “It’s also a great networking opportunity because you’re surrounded by some of the people you’ll probably see in Venture Capital in 5 to 10 years.”

Military Veteran Launches LENDIT

LENDIT Imagine renting a kayak and the long, tedious process you have to go through, just to find out that you have to fill out an application, book it over the phone/by person and at the end, be told that the are none in stock. Communications junior and U.S. Marine veteran Andrew Adrian, lived through this frustrating experience, which inspired him to create LENDIT, a company that focuses on the concept of lowering needless purchases and over-consumption by making renting more convenient than buying.

Adrian’s company aims to bring the rental industry into the millennial era by making renting more efficient in the recreational industries such as surfboard rental shops, bike shops, outdoor shops, party shops and equipment. “I don’t think buying is ever going away,” he said. “However, there are a lot of items where we don’t necessarily need to own them, store them or keep them that could be rented. What we are doing, is that we are going to make it very easy for you to obtain the item you want to use that you don’t necessarily want to keep. With our system, we are going to have all of the local rental businesses on our platform using our software to operate and then you as the consumer, have a gateway to all of the inventory of rentals in your area.”

LENDIT is on the verge of going live on the market after two and a half years of development. “We are 90 percent finished and are currently in partial testing with five businesses, meaning that they test different areas of the software,” Adrian said. “We should have the full testable version in mid-March, do a month of stress testing of the full version and then roll it out to the public. We have 33 businesses signed up to purchase the software, and what I’m really excited about is getting as many businesses on the platform as I possibly can.”

Adrian’s process of getting a company started has had some detours, but he remains determined to finish what he started. “I left my really well paying job in cyber security, I turned down two high paying job offers, my degree has taken a lot longer, but it’s been pretty amazing what we’ve been able to accomplish in two years with the media and the connections we’ve made,” he said. “My number one motivation is my wife 100 percent and I don’t know if I still would be doing this if it wasn’t for her. On top of that, the experience of it all and the vision have really kept me going.”

Adrian expresses gratitude to those that believed in his start-up and remains positive about the future. “I can’t thank SDSU, the Lavin Entrepreneurship Center and the ZIP Launchpad enough,” he said. “I think they have supported us more than anyone and we had some exciting times no doubt. We’ve also found out some exciting news that we got nominated as one of the best companies on the west coast by Bunker Labs, the national veterans non-profit that we’re a part of. Things are really looking up for LENDIT!”

Complete Educators Conference Agenda Now Up

Complete Educators Conference Agenda The agenda for the Sixth Annual California Entrepreneurship Educators Conference is officially up and ready for review. Join us for three days of meaningful experiences that will transform your approach as professional educators and researchers. In our efforts to bring transformation to the field of entrepreneurship, we have invited key leaders to equip you with tools and knowledge for advancing curriculum design, experiential learning and contemporary research. Click here to see the full agenda.>>

Baja In addition to the core conference, we decided to bring back the Pre-Conference Baja Entrepreneurship Experience. During this tour, we will explore the emerging entrepreneurship climate in Baja California. Registration for the Entrepreneurship Baja Experience is $119 and includes transportation on both sides of the border, a lobster lunch in Puerto Nuevo and wine tasting in Guadalupe Valley (the Napa Valley of Baja). Take advantage of this opportunity while in San Diego and network with your entrepreneur peers across the border. Space for the trip is very limited so act soon to guarantee a spot for this beneficial experience. Simply select the “Pre-Conference Baja Entrepreneurship Experience” button for an additional $119 to maximize your overall conference experience.

Key Dates and Fees :
Dates: April 11th(pre-conference), 12th, and 13th, 2019
Location: San Diego State University, San Diego, CA
Full Conference Fee : $349
Baja Exploration: $119

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Transforming Entrepreneurship

California Entrepreneurship Educators Conference 2019
April 11-13, 2019

Video Insights on our Programs

Tony Hawk, Entrepreneur

Tony Hawk, Entrepreneur

Investor Insights

Investor Insights

Internships Benefits

Internships Benefits

Building the Next Generation of Entrepreneurs

The Lavin Entrepreneurship Center at San Diego State University serves SDSU students, entrepreneurs and business leaders through entrepreneurial curriculum, workshops, internships, resources and events. For information browse the Programs section of our website, subscribe to the Lavin Center Calendar and sign up for the Center's Entrepreneurial Fuel Newsletter. Entrepreneur resources such as the Lavin Center resume guide, marketing and business planning tools and more can be found in the Resources section of our site.

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