Category Archives: Alumni

Forty years of making a difference: Foster recognizes long-time supporter

Carol Batcheldor and Dean Jim Jiambalvo
Dean Jim Jiambalvo with Carol Batcheldor

This blog post was written by Alicia Fereday Hull, Philanthropy Officer for the Foster School. 

When Carol Batchelder (BA 1955) gave her most recent gift to the Foster School of Business, she hit an incredible milestone. She has been giving to the Foster Difference Fund each year for the past 40 years. Beyond her commitment to business education at the university, Carol has served on the UW Foundation Board, is an active member of Alpha Phi and often travels abroad with the UWAA. On January 21st, Dean Jim Jiambalvo took a moment to recognize Carol for her generous support. Thank you Carol, for helping to advance the Foster School to where it is today.

Consulting and Business Development Center recognizes outstanding alum

Guest post by Michael Verchot, director of the Consulting and Business Development Center.

Dan PetersonDan Peterson (MBA 1997) received the Consulting and Business Development Center’s inaugural Alumni of the Year Award in recognition of his 17 years of work with the Center. Dan’s first project with the Center was a competitive analysis for Uwajimaya. Immediately after graduation from the Foster School he became an Alumni Advisor where he guided undergraduate student consulting projects. He helped teams that worked with Four Seas Restaurant and the Theater Off Jackson in Seattle’s Chinatown/International District neighborhood. He then worked with Catfish Corner in Seattle’s Central Area, Oberto and Mutual Fish in the Rainier Valley, and Garlic Garden in Pike Place Market.

In the early days of the center, there weren’t enough student teams to meet the demand from small businesses. On multiple occasions Dan stepped in and served as a consultant on behalf of the center working with an auto detailing shop in the Central Area.

Dan and his wife Angie have also been generous donors to the Center. Every time that the Center has asked for financial support Dan and Angie have said yes. They were one of the first donors to the Center’s endowment that will sustain the student consulting projects and he continues to support the center’s effort to build a self-sustaining funding base to insure its longtime financial health and its ability to serve students and businesses in under-served communities.

We’re honored to recognize Dan as a role model for how alumni and other business people can use their business skills to simultaneously improve student learning while growing jobs in under-served community.

The “King of Cruise”

Stan-McDonaldFoster School alumnus Stanley McDonald—known as the “King of Cruise”—has died at the age of 94.

McDonald graduated from the University of Washington in 1943 with a business  degree and a manifest entrepreneurial spirit. Though his resume includes the building of successful  real estate and construction businesses, he was best known as the founding father of the American cruise ship industry. His novel idea of using a cruise ship as floating hotel to serve tourists arriving for Seattle’s 1962 World’s Fair turned into Princess Cruise Lines—a pioneering company that perhaps most famously served as seafaring set of the long-running television series “The Love Boat.”

For his many contributions to the Northwest economy, McDonald received the Foster School’s Alumni Leadership Award in 2004.

According to the Seattle Times, McDonald’s family has requested that gifts in his honor be directed to the Foster School or the Stellar Club at the Swedish Medical Center Foundation.

Making the entrepreneurial leap: leaving the corporate world and diving into startup life

EntreLeap3_448x448On November 5, the founders of four hot Seattle-based startups gathered at the UW Foster School to discuss their experiences in leaving the corporate world and diving into startup life. John Gabbert (Pitchbook), Bryan Maletis (FatCork), Jane Park (Julep), and Tom Seery (RealSelf), spoke on making the decision to leave the security of a big company, the differences between corporate and startup work, and how important industry experience was before making the entrepreneurial leap. But some of the most fascinating advice of the evening applied not just to those making the corporate/startup switch, but to entrepreneurs in general. Here are some of our favorite answers to questions on matters of time, money, passion, and luck.

Q: What does a typical day look like for you? How many hours do you work, and when are you most productive?

John Gabbert:
“If you highlight 90 to 100 hours a week on a calendar, it looks pretty ridiculous, but that’s how much I worked in the early days, on specs, plans, and financials. But the key thing to know isn’t how many hours you work. It’s the fact that [the company] is always on your mind. When you wake up in the morning, when you’re in the shower . . . it’s an all-consuming thing. “

Tom Seery:
“I do a lot of work from about 8pm to midnight—that’s when I’m in power mode. My days are spent recruiting and networking. Networking is so important. I will always take a coffee meeting with someone who contacts me to say they are interested in founding a startup. I never say no, because I’ve been there, and I want to encourage people to network. If you can’t shamelessly reach out to and keep up with people who are important in this community, you might not be the right person to have your own startup.”

Q: Had you done any financial planning when you decided to quit your job?

Bryan Maletis:
“I bootstrapped everything. I was fortunate to have savings to do so. I kept having to put more and more of my savings into the company, and it got worrisome, but when I was putting in my money, I knew that failure was just not an option. I had to say, ‘this is going to work, because we’re putting all of our savings into it.’”

Jane Park:
“My parents owned a 7-Eleven when I was growing up, and we lived above it. I wasn’t use to a life of luxury, so I’ve always felt that money is something you can make, but it’s not what defines a life. There is definitely some freedom in that. I did have some savings from my former jobs, but I went through that pretty quickly. Once we reached a point where we were so big that I could not personally cover our burn rate, it was actually a relief. It was finally beyond my reach to help.”

Q: How passionate do you have to be to start your own company?

John:
“I think passion may be the most important thing. I’d put it up there with grit and determination, but I think passion is really the driving force. Thousands of people will tell you no, whether you’re raising money, trying to get people to buy your product, or convincing people your idea will work. If you’re not passionate, it’ll suck.”

Bryan:
For a founder of a company, passion is the most important thing. If I didn’t love champagne and love sharing the product with people, my job would be very hard and dull, and I wouldn’t have stuck it out during the first two years when I was making no money.

Tom:
“I’m actually not passionate about the cosmetic surgery market. But I am extraordinarily passionate about elements of it—what we’re doing for consumers, and the feedback we’re getting. And I am super passionate about my ‘hidden agenda,’ which is to change things about the world through reconstructive surgery. We support surgeons who travel around the world to perform surgery on children and adults who have eminently correctable problems. After surgery, these people can return to life as normal or begin to have a life. So I founded RealSelf thinking I was doing one thing, and discovered my purpose along the way. I’m passionate about making this world a better place.”

Jane:
“It doesn’t matter if your passion is for any particular market or product, but being an entrepreneur means you have to have passion for innovation and a belief that your company is doing something good for the world. That has to be at the core of what keeps you moving forward.”

Q: (from moderator Connie Bourassa-Shaw)
“College students have been taught their entire life that it pays off to be smart. You get in the University of Washington because you’re smart. Life goes your way because you’re smart. But entrepreneurs should never underestimate the power of luck. So, would you rather be lucky or smart?”

Bryan:
“I’d rather be lucky than smart. I believe I am lucky. When I met my wife, she pushed me into doing this. I still don’t have the smarts for it, but I believe that you should surround yourself with people that are smarter than you and better than you at different things, and I’ve been lucky to be able to do that.”

John:
“Lucky, and just smart enough.”

Tom:
“I adopted two children from orphanages in china, so I appreciate what it means to be born in a country where we have privilege and access to amazing resources. Three years ago I would have answered smart, but now I’m in the lucky category.”

Jane:
“I think I would have said smart, you can’t control luck, but I think what I hear everyone else expressing is a sense of gratitude, and I definitely have that. People laugh at me because I’ll say to employees as they arrive at work, ‘Thank you for coming back to work!’”

 

 

Student Turns Scholar

A former Foster student’s undergraduate exposure to behavioral research has led to a promising academic career

Mercurio
Katie Mercurio

Serving as an experimental subject in the Foster Behavioral Lab may not be the highlight of every undergrad’s experience. But Mark Forehand, a professor of marketing at the Foster School and architect of the lab, believes it’s appropriate for students to contribute to the research mission of the University of Washington.

“It’s great to have subjects to run our experiments on,” he says. “But it’s also important to expose students to the process of research.”

And every so often, it clicks with someone.

Like Katie Mercurio (BA 2004, MS 2006, PhD 2010). One of the earliest students conscripted into behavioral studies in the old Balmer lab, she found herself subject to a particularly fascinating experiment on the effect of celebrity voiceovers on consumer brand attitudes.

The experience inspired her to seek a research apprenticeship with the study’s principal investigator—Forehand. Mercurio began analyzing data and eventually started running some experiments. While continuing studies in the Foster PhD Program she ran the entire Balmer Lab during construction of its new home just next door.

“I was involved in the Behavioral Lab almost from its start,” she says. “And there has been a huge evolution terms of students participating and the number of studies. It just keeps growing.”

After Foster, Mercurio did a post-doc stint at UCLA before becoming an assistant professor at the University of Oregon. She teaches the voiceover study in one of her courses. Her research specialty is in social identity, a topic she first studied as an undergrad. And, like a growing diaspora of Foster grads, she runs a behavioral lab at her current business school.

She notes that the Foster Behavioral Lab is a two-way force. Its graduates disseminate knowledge and expertise to other universities while scholars trained elsewhere gravitate here to work in it.

“To get the best faculty you have to have the best facilities. And you have the best facilities here,” Mercurio says. “You are attracting the best talent in behavioral research because of that lab.”

Read more about the Foster Behavioral Lab.

InTheWorks: minimizing motor emissions

IntheWorks CTO, Todd Hansen (left) with CEO David Endrigo.
IntheWorks CTO, Todd Hansen (left) with CEO David Endrigo.

“I didn’t really expect to start my own business,” says Todd Hansen, looking back to his time as an undergraduate studying biochemistry at the University of Washington. But he had always been interested in clean technology and the reduction of fossil fuels, so when he discovered a really interesting concept for reducing emissions, he decided to pursue it. “Lo and behold,” says Hansen, now the co-founder and CTO of InTheWorks, an engineering and design development company, “that concept turned out to have a lot of potential.”

InTheWorks’ patented product is “essentially a unique emissions control system,” says Hansen. The company holds a total of 4 patents on a catalytic converter that can be used with any type of gasoline-fueled internal combustion engine to significantly reduce emissions, increase fuel economy by 4% to 5%, and increase horsepower 4% to 6%. And where other ways to improve fuel economy and power (aerodynamics, tire redesign, weight reduction) are costly, installing InTheWorks’ converter actually lowers manufacturing costs by 12%, due to reduced precious metal content.

InTheWorks’ technology was impressive from the get-go (the company won a prize in the 2009 UW Environmental Innovation Challenge by focusing on marine engines), but it’s in the past few years that Hansen and his team—CEO and co-founder David Endrio and executive vice president John Gibson—have seen tremendous progress. In 2011 InTheWorks’ prototype passed both EPA and CARB tests with flying colors, and further, more extreme testing in 2013 validated the 2011 results. The company has three full time employees, has raised $1.5 million in funding, and recently formalized a partnership with ClaroVia Technologies (known for its OnStar vehicle navigation system).

So what’s next for InTheWorks? “We’re primarily focused on licensing our technology,” says Hansen, “and we’re ready to reach out to OEMs [original equipment manufacturers] and Tier 1 suppliers.” At the same time, InTheWorks plans to pursue in-house manufacturing and distribution of marine applications of its technology. “And we’re always looking for additional technologies to add to our portfolio,” says Hansen, so his focus is already on the next innovation: “Diesel is on the horizon,” he says, “and we’re optimistic that we will be noticed by game changing companies.”

Alaska Airlines and Foster EMBA

A special relationship

Brad Tillden in an EMBA classroomBrad Tilden knew it was a long shot. As a young finance executive at Alaska Air Group in the mid-1990s, Tilden made the case to his CFO that sending him to the Foster School’s Executive MBA Program would be a sound investment. “The company wasn’t flush in those days, and we had always taken a conservative view on costs,” he recalls. “So I didn’t expect the answer to be quick or positive.”

But after conferring briefly with then-CEO John Kelly, Tilden’s boss came back and simply wrote “OK” on his proposal. “I was thrilled,” says Tilden, Alaska’s current chairman and CEO.

So began a long and symbiotic partnership between Alaska and Foster that goes far beyond the company’s significant philanthropic investment in the school.

The EMBA Program has become a de facto executive training academy for Alaska leadership. To date, 22 of its most promising executives have graduated from the program. Many now serve in senior roles at the company, including Tilden (EMBA 1997); Ann Ardizzone (EMBA 2008), vice president, strategic sourcing and supply chain; Karen Gruen (EMBA 2010), vice president, corporate real estate; Kris Kutchera (EMBA 2009), vice president, information technology; Andy Schneider (EMBA 2009), vice president, inflight services; Joseph Sprague (EMBA 2007), senior vice president, communications and external relations; Shane Tackett (EMBA 2011), vice president, labor relations; Shannon Alberts (EMBA 2005), corporate secretary; and Diana Shaw (EMBA 2013), vice president, customer service.

And though former CEO Bill Ayer’s (MBA 1978) MBA came from Foster’s full-time program, he has brought his formidable expertise and insight to teaching the EMBA’s powerful “CEO and the Board” course for nearly a decade.

Tilden says the impact of this cohort of Foster-educated leaders is evident throughout the firm: “Having a critical mass of people with a common education and disciplined approach helps us frame issues and execute solutions more quickly.”

“The EMBA Program has played an important role in developing high-performance leaders at Alaska,” adds Ayer. “The classes, the teamwork, and the networking opportunities add up to a unique learning experience. In a business where people are the only sustainable competitive advantage, a Foster EMBA provides a critical edge.”

CISB alumni updates 2014

Andy Aparico (BA 1997) is CTO/CIO of Tele-Post in Greenland.

Fulbright alumna Monica Barrett (BA 2009) is taking the MPA at Harvard Kennedy School of Government. She is a research assistant at Innovations for Poverty Action this summer, and last summer was a Deloitte Summer Associate in Emerging Markets. While at Deloitte, she was deployed to the West Bank to support USAID in generating $75M in increased revenue or decreased costs of trade. Monica was formerly a senior consultant at Booz Allen Hamilton. Monica holds an MBA from the Wharton School, University of Pennsylvania.

Heather Brewer (BA 1997) is a Consulting Director for Matisia Consultants. She is currently serving as Senior Program Manager for Spain and European Launch for Costco Spain, the first country for Costco in Continental Europe.

Adam-Taras Brunets (BA 2006) is Global Trade Controls Specialist/Lead for Russia, Ukraine & CIS at The Boeing Company.

Brittany Glant (BA 2008) is a Product Specialist at buuteeq.

Katie Gray (BA 2011) is Customer Marketing Manager at Microsoft in Santiago, Chile. See her Foster blog post here.

Meghann Halfmoon (BA 2001) is owner and designer of her label and small business, Halfmoon, in Amsterdam, the Netherlands. From 2008 to 2013 she was a Resource Mobilization officer for Plan Nederland, where she successfully let the EU grant proposal development process with Plan country offices.

Kenny La (BA 2000) is Operations Manager, North Region, Starbucks Coffee Vietnam.

Megan Haley Nelson (BA 1999) is the Director of Community Relations for Seattle Children’s Research Institute.

Amela Mesak (BA 2007) is Director, NPG Business Integration at Nordstrom.

Foreign Service Officer Aysa Miller (BA 2004) is the Economic and Deputy Commercial officer in Khartoum, Sudan, in the political/economic section, working mostly on petroleum, agriculture, banking, trade, gum arabic, sanctions, debt relief and environmental issues.

Dina Phinney (BA 2004), is the Marketing Manager at Brown Pear Solutions.

Samantha Rayner (BA 2009), co-founder of Lumana, joined a new startup in San Francisco called HandUp, an online platform for giving directly to homeless people and neighbors in need. She is leading operations and business development.

Megan Linder Richards (BA 2007) is Marketing Strategy Manager at Nordstrom.

Johnny Sbrizzi (BA 2009) is an Italian Sales Rep for US distributors/brokers of aerospace components. He said that he “holds a middleman function between Italian aerospace customers, primarily Alenia Aermacchi (a large Boeing partner) and US suppliers.”

Jenepher Schulte (BA 2010) is taking both the law and MBA degrees at the Wharton School, University of Pennsylvania.

Anh Tran (BA 2005) is a consultant with the Boston Consulting Group in Ho Chi Minh City, Vietnam. Anh is an MBA alum of the Wharton School, University of Pennsylvania, where he was awarded the Joseph H. Wharton Fellowship.

Monica Trantow (BA 2008) wrote, “I accepted a role with Amazon Web Services in Luxembourg to be on the EMEA Headquarter Marketing Team, performing everything from metrics analysis to events to digital and in-person campaigns. I know that my time with CISB and involvement with GBCC won my interviewees over, as well as all the experience that CISB mandated during college. My post is for between 9-18 months minimum but I’d love to give back and talk about my experiences, and what it took to get the role. I owe a lot to CISB and I finally feel that I am getting the chance to use my education!”

Nolan Wadland (BA 2002) is Controller & Site Transportation Manager, Alcoa, in Houston, Texas.

Foster’s CISB program creates career ready grads that go global

The nationally-ranked, award-winning Certificate of International Studies in Business (CISB) Program helps undergraduate Foster School students hone the competitive edge they need to succeed in global business. The CISB programs promotes a global mindset that leads to global employment opportunities by requiring international business coursework, study abroad, foreign language immersion, area studies coursework, and resources about global career pathways. In the last academic year, CISB students participated in several activities outside the classroom to make them better equipped to compete in the global business workforce.

In addition to academic coursework and language studies, CISB primes students with informational career panels about global business. In Fall 2013, CISB students attended an International Business Panel which featured professionals with established global business careers at Starbucks, Wells Fargo Bank, Slalom Consulting, and Port of Seattle. The panel provided insight into the realities of an international career and inspiring advice to those entering the workforce. CISB also hosted an Alumni career panel in which 12 CISB alumni shared how their CISB experiences helped shape and further their career. The panelists provided job search advice and examples of a typical day in their position.

networking

CISB students also get hands on experience in networking for a global career. In spring quarter, over 100 CISB students participated in a “Speed Networking” event. In small teams, the students practiced their networking skills on global business executives. The executives included the Assistant Corporate Controller from Microsoft, theVP of Global Client Reporting from BlackRock and theInternational Buyer from Costco. Primed with their global business education and career pathways insight, the CISB students could then practice the art of networking for their career.

But results speak louder than any of these events. Sam Bokor, VP Training and Personnel Development at Expeditors International stated that “CISB students are a a good fit for Expeditors because of their passion for the international trade community and their curiosity around other cultures.” Visit our CISB Alumni highlights to see the array of global careers secured by CISB graduates.

Are you a community member from the global business field and interested getting involved with CISB? Learn more about ways to contribute or contact CISB@uw.edu