By Ajay Amar, Ph.D., May 24 2016 01:46PM
According to GMAC (maker of the GMAT), 29% of people who plan to apply to full-time MBA programs have one goal in mind: to become an entrepreneur.* Victor, a former Austin GMAT Review student, is one of these. Victor is in the midst of a career transition – he recently left his role as military commander at Fort Hood and is preparing to attend Duke University’s Fuqua School of Business this fall, in order to pursue his entrepreneurial ambitions.
Before leaving for business school, Victor attended this year’s Rice Business Plan Competition (RBPC), known as “the world’s richest and largest graduate-level student startup competition.” Hosted by the Rice Alliance for Technology and Entrepreneurship and Jones Graduate School of Business at Rice University in Houston, the RBPC drew 42 student teams from all over the world to compete for about $1.5 million in cash and prizes over three days in April.
Says Victor: “I wanted to observe as many startup teams as possible pitch their plans. I wanted to see it all: the good, the bad, the ugly. I’ve spent most of the last nine years in various management and operations positions in the U.S. Army. How will my skills and experience benefit my team and me during my career as an entrepreneur? What are common characteristics amongst good/bad teams? These are a few of the questions that I hoped to begin to answer.” In this blog post, Victor shares what he learned at the startup competition for all of you future MBA-entrepreneurs.