THERE IS LIFE AFTER FINANCIAL ARMAGEDDON

by Anonymous • on News • April 13th• 2 comments


THERE IS LIFE AFTER FINANCIAL ARMAGEDDON, and it is being cultivated at some of the nation’s leading universities.

Given that the finance major’s time-honored path to success via an internship at Goldman Sachs (or some other masters-of-the-universe incubator) has been considerably muddied, a group of ingenious students at the University of Pennsylvania has conspired to establish a society of collegiate entrepreneurs, and, in one short year, the group has gone from nationwide to global.

“In these tough times, people at Wharton and around the country are looking for ways to create value for themselves,” says Ankur Jain, 19, a founder of the pro-business Kairos Society. The group has already grown to 19 chapters with 2,000 students. Delegations from as far as China and Israel attended its first summit, held recently at New York’s Intrepid Museum.

Never mind that there were no venture-backed initial public offerings in the past two quarters — a first. The group, which heard from DuPont Chief Executive Ellen Kulman and others, recognized student start-ups such as TerriblyClever, which put together mobile iPhone applications for its university, Stanford, and the Curie Brothers Team at MIT, which harnessed energy from a vehicle-suspension system.

Curiously, Kairos, which means “the right time” in Greek, arose from a lack. Penn’s Wharton School of Business may be superb, but it has no major in entrepreneurship, says Joseph Lenz, a 20-year-old junior and Kairos founder — proving again that necessity is the mother and (father) of invention.

The following article can be found here.

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