Venture capital (VC) firms are a vital funding source for new businesses and a major driving force behind innovation. In exchange for evaluating a fledgling company’s growth potential and providing funds and mentoring to help it develop, venture capitalists gain an ownership stake – or equity – in the business. Often, they’ll aim to cash out of the investment once the startup reaches a size and credibility that will allow it to be taken public or sold to a major corporation.
COVID-19 closed business school campuses and forced thousands of MBA students into studying online. But it has also been a trigger for innovation. Some of the world’s most exciting startups have come out of the pandemic, and many of them have been started by MBAs. Edward Tsim from INSEAD's MBA Class of 2020 shares how the pandemic has sparked a business idea and launched the next step of his career as a lawyer-turned-entrepreneur.
Hometown: Ulaanbaatar, MongoliaUndergraduate Institution and Major:
Hometown: Yen Bai, VietnamUndergraduate Institution and Major:
Hometown: Reykjavik, IcelandUndergraduate Institution and Major:
Hometown: Born in Porto Alegre, Brazil, but raised in Rio de Janeiro, BrazilUndergraduate Institution and Major:
Hometown: Agadir, MoroccoUndergraduate Institution and Major:
The INSEAD classroom is a safe space for lively discussions, insight sharing and asking out-of-the-box questions, whilst quickly coming up to speed with a diverse range of business fundamentals.
“Never again,” I told myself after the lockdown restrictions were lifted in Antwerp, Belgium, where I had been residing for the last three years. Never again did I want to live all alone in an apartment for weeks on end (felt like years) in isolation. I could practically see the wrinkles forming under my eyes each day as I woke up at 6:30am, worked out in my living room, showered and was on video calls starting at 8:30am for the rest of the day.
INSEAD campuses in Singapore and Fontainebleau bustled with euphoria and excitement as we welcomed our new MBA'21Js! Hailing from 64 different countries, our students kickstarted the next chapter of their life at INSEAD, with women making up 32% of the class. It has been a few intense months prior, as our Admissions Team worked closely with admits to seek their sentiments on starting the programme amidst the COVID-19 situation. Webinars and surveys were conducted to understand concerns and preferences.