Life outside TMMBA

TMMBA Student Resources 101

Saturday, February 2nd, 2013
Ally Wewers, TMMBA Program Coordinator

Today, TMMBA Class 13 students (who began at the beginning of January) have their first Saturday of class at Paccar Hall. TMMBA typically hosts one class per quarter on the Seattle Campus, which gives students an opportunity to see the other Foster Facilities and experience the campus environment. All morning, I’ve been listening to students ooh and ahh over Paccar Hall. “It’s like I’m back in my undergraduate days…” is a common comment from most.

Being on campus gives students a hands-on look at many other resources that TMMBA and the Foster School of Business provides for them.  Oftentimes, the 18 months of a TMMBA student go by so quickly that they forget to take a look around them and see what else is available outside of their classes.  I encourage all students to take advantage of these many benefits and resources:

  • Lounge for Foster MBA Students at Paccar

    Lounge for Foster MBA Students at Paccar

    Foster MBA Lounge and Access at Paccar Hall: With an activated Husky Card, students are able to access Paccar Hall, Dempsey Hall, and the MBA Lounge. Even when the Paccar Building is not open to the public, students are welcome to use the space for studying and group meetings. There’s even a dedicated space just for MBA students- the T-Mobile MBA Commons. This was a popular tour stop for our students today, and no- it does not come equipped with cigars and smoking jackets. It’s a study lounge- not to be confused with students other after-class haunts.

  • IMA (Intramurals Activity Building) – I was happy to hear today that a few students have already been working up a sweat at the IMA (only prompted in small part to the TMMBA ice cream cooler I’m sure). With a Husky Card, TMMBA students are allowed access to their fitness center and courts. UW Recreational Sports programs also provides the WAC (Waterfront Activities Center) where there are discounts available on canoe and rowboat rentals.

Husky Stadium

  • While we’re on the topic of fitness and sports, TMMBA students are always eligible for student tickets to Husky Athletic Events.  Some sporting events (baseball, volleyball, soccer) are free with a husky card, while others (men’s basketball, football) are subject to additional, discounted costs. Student tickets go fast for these events, so make sure to plan ahead for season or single-game tickets.
  •  UPass: Every UW student has a UPass which comes with their Husky Card. The U-PASS provides students with a variety of low-cost transportation options—from buses, commuter train service and light rail, to vanpooling and discounted carpooling. No activation required- once you get your Husky Card you’re ready to ride.
  • Foster Centers and Events:  The various Centers, including the Business and Economic Development Center, the Center for Leadership and Strategic Thinking, The Buerk Center for Entrepreneurship, and the Global Business Center- all welcome involvement from TMMBA students. Foster also hosts events, like the Leaders to Legends Breakfast Series and Meet-the-Firms. For an updated list of events, take a look at the Foster Calendar.
  • Finally, one of the advantages of being a student at the University of Washington is the world-class library system available for use. Today, a representative from the Foster Business School library came to speak to students about the amenities at their location in Paccar Hall. Available to students are recent business publications, database access, librarian assistance and much more. Whether it’s the Foster Library or one of the many other University Libraries, these student resources are not to be forgotten.

Husky Card

As you can see- many of these resources require a student to have their Husky Card. Getting a Husky Card is free to students, and only requires a visit to the Husky Card Offices. Other Husky Card benefits include discounts from a variety of merchants, free admission to UW Museums, access to UW Zip Cars, and many more.

In writing this, I know that there are still many other UW/Foster/TMMBA resources that I am not mentioning. From business cards to MBA clubs, to TMMBA Career Services and sponsorship affiliations, there’s always more to get out of the TMMBA experience. Hopefully, sometime between classes and homework and team meetings, our students will find time to take advantage of them all! Because TMMBA students always need one more thing to add to the to-do list…

My experience at the Kirkland Startup Weekend

Monday, November 26th, 2012
By Sreenath Pudukudi, TMMBA Alum, Class of 2012

I got my ticket and was thrilled to go to Startup Weekend. Little did I know this would be one of the great opportunities in my life. For those who don’t know about Startup Weekend, you can see the details here http://startupweekend.org/about/. The idea is to form teams at the Startup Weekend event and create a startup over the weekend. At the end of the event, the best startup would be judged and rewarded.

And then the long-awaited day arrives. Friday, as I entered the event, I could feel the positive energy in the room. There were lots of people passionately talking about their ideas. During the event, you have a minute to present the idea. There were around 40 people who pitched their ideas. Wow, that was 40 ideas in 40 minutes. Each person gets 3 voting cards and could vote for the top 3 ideas they liked. The ideas that received the most number of votes could build their teams for the weekend.

Developing the startup

I voted for the idea of building a platform for matching fashion stylist to consumers. I always wanted a personal stylist but was never ready to spend big dollars. The idea resonated with me very well and I thought people would be ready to pick a personal stylist if the cost of the stylist is reasonably low.

The team Eliza was formed and we had a nice blend of diverse skill sets. We started off by creating a work plan for the next 2 days.

It was Saturday morning. We delegated the tasks to focus on the following areas:

  1. Business Model Generation
  2. Customer Validation
  3. Marketing Plan
  4. Competitive Analysis
  5. Developing the website

The team synched up every 2 hours to gauge the progress. Time was running fast. By Saturday evening, we were successful in,

  1. Reaching out to 3500 customers for validating customer pain points.
  2. Building the business model, identifying the customer segment.
  3. Creating the Cost & Revenue Model.
  4. Creating Marketing Plan and competitive analysis.
  5. Signing up 2 Stylist and 4 customers.
  6. Building a working website with the basic features.

I was pleasantly surprised with the progress a team can make just 1 day.

Pitching the business

It was Sunday morning. Most of us were focused on finishing the last bits and pieces of our work to get the final product in shape for the presentation. A few of us were focused on how to get our final pitch in front of close to 100 people. We practiced our final pitch over and over again.

And the time arrives. Clock ticks 5:30pm and the teams started giving their final pitches. It was our turn. We confidently presented our pitch as a story focusing on the need for the product, the value add it brings to the customers and how we build it into a great business. After our presentation there were a few questions from the judges and we were done.

All the teams presented and the wait to find the best startup begins.

The outcome

Out of the 12 teams in the competition, our team made it to the first position. We WON!!! It was indeed a great feeling and one of the most productive weekends I had. It was worth the effort.

Over the last two days, I learned a lot of new stuff, met great minds, built good networks and realized that it’s “The Team” that matters the most. I learned this again and again in my TMMBA classes. The lessons I learned during TMMBA made a difference in the way I think and I must say, I love TMMBA.

For all the entrepreneur enthusiasts out there, I would just say “attend one of the Startup Weekends and start your journey of building your own startup”. :-)

Work + TMMBA doesn’t mean you can’t still find time for fun!

Thursday, October 18th, 2012

Anuradha Raju joined TMMBA in January 2012 and is now halfway through the program. She has seven years of work experience and is currently a Design Verification Engineer 3 on the Microsoft Surface. We asked Anu how life has changed since joining the program and she shared this great graphic. It looks like Anu has really mastered the art of balance!

Life before and during the TMMBA Program

A Typical Day – Having ONLY 24 Hours in a Day Can Be a Good Thing

Thursday, August 30th, 2012
Guest post by Ron Cornell, Class of 2013

Eat. Pray, Love? Kids, Family, Career? What words describe your life? No question these days, WORK, SCHOOL, SLEEP describe mine – and in that order!

I knew life would get busier when I started the TMMBA program at Foster last year but I didn’t quite grasp exactly how busy it could get. “Work-life” balance has transformed into “work-school” balance since my life is now all about work and school!  That pretty much sums up my last 9 months and I’m confident the next 9 months will pretty much be the same.

While each day is different and brings new challenges, I have tried to create some “rules” and come across a few “tips” that allow me to maximize productivity and better cope with a busy life.

Sunday Nights are No Longer Mine.
Sunday nights watching True Blood with friends has been replaced with a lot of reading, reviewing lecture notes, working on class projects and discussing homework with classmates. My study group primarily meets virtually, as hectic business travel and distance often makes meeting in person prohibitive. Sundays tend to work best for us and we kind of accept that the day and most of the evening will be dedicated to the group and whatever assignments we have due that week.  At first it was annoying but once you accept that it will only be for 18 months and a necessary component to success in the program it becomes second nature and you adjust.

Manic Mondays.
Monday has become my busiest (and surprisingly favorite) day of the week.  And that’s not due to the “Monday Morning Madness” that typically plagues most of us at work, but because I have class on Monday nights from 6-9:30 pm.  I adjust my entire day (and sometimes week) accordingly – I wake up earlier (4:45 am), schedule all conference calls in the morning, push my morning workout to lunch, turn lunch into a heavy, mid-afternoon snack since I eat dinner (provided by TMMBA before each class) earlier and hit the freeway early enough to avoid rush hour traffic on the East Side.  Monday night dinners before class are a great way to catch up with classmates, finish some reading or put the last minute touches on a class presentation.

Traffic Schmaffic.
Traffic has become my friend and that’s only because I learned to stop fighting it.  And to be clear, I work from a home office so I don’t have a typical commute like many of my TMMBA colleagues.  Getting out of bed on my way to the computer in my home office by way of the coffee machine each morning puts my commute time at a grueling 45 seconds.  However, when I have work meetings in the city or need to get to class I can be in traffic anywhere from 45 minutes to 1.5 hours each way.  I try to make the most out of this time and do something productive for class.  Almost every lecture has a few discussion points that should be considered and/or prepared prior to each class and I use this time to think about those or sometimes practice a speech that I am about to deliver.

The 180 Rule.
My TMMBA class photo taken last November changed my life.  I was ridiculously overweight and tipping the scales at over 285 pounds – there, I said it!  Seeing that photo gave me the motivation to lose weight and could not have come at a better time in my life.  I knew that I needed to get back into shape if I was going to have any chance at successfully taking on the rigors of academic life in addition to an already crowded plate.  Believe it or not a MORE hectic schedule now forces me to plan better and that includes eating healthier and working out consistently.  The one non-negotiable task I set for myself every day is exercise – above all else, exercise. I am now down 68 pounds in 9 months and have 37 more to go to get to my goal weight of 180.  More importantly, I am sleeping better, feeling better, waking up earlier and have more than enough energy to dedicate to my class load every quarter. Oh some nice side effects – my blood sugar is no longer at pre-diabetic levels and my jeans fit better!

Making Choices.
The old saying “too much to do, not enough hours in the day to do it” was certainly true before I decided to go back to school.  I’ve always been obsessed with “to do” lists and now that obsession has become a critical tool for me to get through the day.  The BEST days are when I get through the entire list, the WORST when I get through none but MOST consist of getting through some but not all. I am 100% ok with that now.   Adding business school to my life, it is impossible to get through everything that I used to which forced me to learn the art of making choices. The first thing I do when I sit down at my desk is take everything on yesterday’s list that didn’t get done and write them on today’s “to do” list. I add everything else I’d like to accomplish that day, re-prioritize it whole list and begin my day.  I make a point of handwriting this out so that it becomes ingrained in my head.  I keep the list taped to a corkboard behind my monitor so that I am able to visually see the list get smaller as the day progresses.  Seeing the big picture allows me to make choices, separating “nice to get done” tasks from “need to get done” tasks. TMMBA blog now crossed off the list!

Oh, I forgot to mention coffee – lots and lots of coffee…

Don’t wait for the right moment

Tuesday, July 17th, 2012
By Marcelo Alcantara, TMMBA Class of 2013

Earlier this year I decided to leave my job and start a new venture. It wasn’t an easy decision. I was well employed in a prominent role at my previous company. I helped them grow from an unknown Brazilian start-up to a global leader in the enterprise mobile application space. I was in the comfort zone. On top of that, I had just started the TMMBA program. Any time I had left to invest on parallel projects or leisure was gone. Definitely not the right moment to start a time-consuming and money-draining entrepreneurial venture.

But entrepreneurs do not wait for the right moment. As a matter of fact, if you wait for the right moment it may never come. This is one of situations where you need to trust your gut and go for it. And so I did. I left my job and I co-founded Qoiza.

Qoiza is my third entrepreneurial experience, but it is the first one in the US. We are privileged to live in a region that is known as one of the main tech hubs in the world. Seattle has a great ecosystem that makes life easier to any startup: large talent pool, specialized lawyers and accountants,  well established VC firms, and a large and active angel investment community. Everything you need to be successful is right here.

So far it has been a very rewarding and life-changing experience.  The indescribable feeling of creating something out of napkin notes into an usable product. The multiple pivots on which direction should we go. The long hours executing and developing the product. The pitches to VCs and angels. These are experiences that help you develop as a professional and as a leader no matter where your start-up will end up.

It has also been a great real-life opportunity to apply the concepts and theory we are learning in the TMMBA program. Some examples include setting up T-accounts and the first set of financial reporting documents (Accounting); create term sheets, define valuation and risk beta (Corp Finance); set the product value proposition and go-to-market strategy (Strategic Marketing).

Taking the first step is always the hardest part. For those of you who are thinking about starting a new venture, don’t wait for the right moment. Do it. You will not regret.

The spirit of the game

Wednesday, June 27th, 2012
Sara Jones, Assistant Director, Class of 2012

Last month I helped organize the launch of our 2nd annual TMMBA Ultimate team for the DiscNW Summer Corporate League. Along the way, I was convinced to sign up for the team and then thought,  “What have I gotten myself into?”.

Let me explain. Although I had been involved in performing arts for the first 20 years of my life, I hadn’t played a team sport since I was about 5 or 6. Frisbee is not something I’m good at and I’ve seen the level of competitiveness and skill of some Ultimate players.

I went into our first game on June 6 nervous, anxious, and a little overwhelmed. I wanted to do well and not let the team down, but I also didn’t know a thing about Ultimate. I read up on the rules and watched video clips ahead of time, but I still didn’t feel very confident.

Tonight is our 4th game and we’re playing against Cotton Kills, the REI team. They have some talented players, but I’m actually looking forward to the game.  So, what’s changed in the last month? Here’s my rundown of the first three games and what I learned along the way.

Game 1: We played Royal Flush and won, 15-14. We had a lot of beginners that night and spent pre-game time trying to get the basic rules.  I ended up guarding a really good female player, felt stressed-out, and was trying to learn defense.  I was so wrapped up in my own head that I don’t really remember seeing the frisbee more than once or twice the whole game. According to my teammates there was a strong back and forth battle throughout the game with some amazing plays by a few of our very skilled players. Here what I learned from this game:

  • There’s a lot more to the game than throwing a frisbee, and it’s a killer workout!
  • Be aware of your surroundings.
  • Keep your ears open – teammates on and off the field have a different view and can help coach you along the way.
  • Ultimate is guided by the  “spirit of the game” – fair play, good sportsmanship, respect of others, and the joy of the game.

Game 2: We had a 15-10 win against the Tableau Tuple Tossers.  We started off pre-game with a whiteboard and end zone drill.  Although a simple exercise, I felt much more confident going into the game after seeing the objective drawn out and a few small successes during the drill.  This game we had a pretty good mix of skill level in both genders and did well in both defense and offense. Afterwards, the team headed out for post-game food and drinks. A few takeaways:

  • Have fun – it’s just a game! Our closing cheer to the Tableau team was a great reminder of this and the spirit of the game: “Tableau, Tablooo, Yahoo, We Loved [Playing] You!”
  • Watch the other team’s players so you can assess their skill and match appropriately on defense.
  • A little organization goes a long way. We had a clear strategy for the game and it helped everyone perform their best, no matter their experience level.

Game 3: Our first loss was to Blue Screen, the Microsoft team (5-15). Last year they were the season champions, so I didn’t feel too bad about it.  They played a strong game and used a different defensive strategy than previous teams. We had to adapt our offensive approach and many of us were learning on our feet. We had less players attend than previous games, so everyone had to play more. The women only had 1 substitute player! My thoughts post-game:

  • Relax and take your time on offense. It’s easy to feel rushed to throw the frisbee when you’re holding it, but you have ten seconds. That’s actually a lot of time to let your teammates get into place and help you out!
  • The post-game and sideline socializing with teammates makes a difference! It really started to feel like a team during this game. We were supportive, talked to each other on the field, had great sideline coaching, and recognized when teammates needed assistance. I attribute some of this to the off-field bonding.
  • I can do this! I walked away feeling like I did okay. And considering the skill level of the opponent, I feel much more confident that I do bring value to the team even though I’m a beginner.  I even had a few good laughs on the field during the game!

We have several more games to go this summer and I look forward to seeing my own personal progress and the progress of our team as we continue to work together. Go TMMBA!

Here are a few photos that I took during down-time in Game 2:

       

TMMBA a force to reckon with at Business Plan Competition

Thursday, April 26th, 2012

Sara Jones, TMMBA Assistant Director & Class of 2012

TMMBA students at the 2012 UW Foster Business Plan Competition5 TMMBA teams of over 20 students from the Class of 2012 participated in yesterday’s Investment Round at the UW Foster School’s annual Business Plan Competition. We even had a 2010 alum in the competition!

In total there were 101 entries into the competition and 36 teams were selected for the Investment Round. The ideas were more diverse than I remember in the past – from food and technology products to healthcare solutions, products for social good, and an innovative pocketed bra. There was something for everyone!

During the Investment Round, teams had 4 hours to pitch their ideas to judges from the Seattle entrepreneurial community.  At the end of the day the judges invested $1000 CIE dollars in the teams that they found the most intriguing.  The 16 teams with the highest investments were selected to advance to the Sweet 16 Round. I’m proud to say that 3 TMMBA teams made it through – GroBox, Xylemed, and Highlight Hunters.

Teams now have one crazy month ahead to refine their pitches and improve their business plans before the Sweet 16 Round. All of the TMMBA teams in the competition worked hard and did a great job. Way to go!

The TMMBA Teams:

GroBox - @Grospaces | http://grospaces.com/
Aims to make it super easy to grow your own fruits and vegetables in a small amount of space.

Highlight Hunters@highlighthunter | http://www.highlighthunter.com/
Highlight Hunter’s software saves camera owners time by finding the highlights in their videos. It works with any digital camera and can be downloaded free on Mac and PC.

Mynu - @mynu2go | http://mynu2go.wordpress.com/
A mobile app where customers can pre-order menu items from food trucks, save their favorites, and share via their other social media outlets.

Splitpen@splitpeninc | http://splitpen.com/
A creative online outlet for everyday people of all abilities to come together and co-write stories with multiple plot lines, sub-plots and endings.

Viva Aguas Frescas – (TMMBA alum) @vivaaugasfrescas
A non-carbonated beverage company committed to producing Aguas Frescas beverages that embody the always fresh, all natural and HEALTHY Aguas Frescas.

Xylemedhttp://xylemed.com/
Xylemed Ember is a cloud-based electronic patient tracking and operations management system that leverages existing information systems to manage hospital workflows—improving communication and safety, while reducing expenses.

GroBox  SplitBen  Team Xylemed  Highlight HuntersTeam Mynu

TMMBA b i e s

Thursday, December 1st, 2011

Wei Huang  Class of 2012

As I was headed out to the MBA Forum at UW this spring, I checked my voice mail.  I heard our midwife telling us to take my wife to the hospital because she had a case of preeclampsia, which is a pregnancy disorder that affects the mother and unborn baby.  Our baby was full term at 38 weeks. On April 5, 2011at 10:59 PM PT, our first baby Hana was born. It was amazing to see the little one who was kicking my wife all those weeks.

Since the TMMBA program started, nine babies have been born to date (still working on getting the pictures of the others).   Many of the fathers are new and some of the fathers are already experienced.  The first 3 months were the hardest and I advise anyone entering the program to get a lending hand while adjusting to their new lives.   I was fortunate to have my father-in-law and mother-in-law help out.   I also had a great team (C5) to pick up the slack for me.  I’m not sure how my classmates who have multiple kids do it but they an amazing group of people.  Can you imagine going to school and work full-time with children?  I’m envious of how my classmates with multiple kids survive school and work.  But in case you have kids and you are interested in the TMMBA program, having a baby or having kids in the program can be done!

Here’s the unofficial TMMBAby stats.

1 baby – January

2 babies – March

3 babies – April

1 baby – May

2 babies – September

1 girl (Hana), and 5 boys.

My little Hana!

Proud father to Xiaoyuan

Proud father to Chongguan

Proud father to Adarsh

Proud father to Jason

Proud father to Amador

Takeaways from Pitch, Don’t Spin: How to Create Buzz Around your Start-up

Sunday, October 16th, 2011

Rae Wang, TMMBA Class of 2003

TMMBA sponsored an MIT Enterprise Forum Northwest entrepreneur meet up last night, the topic was Pitch Don’t Spin.  I was very excited that the TMMBA program reached out to the community to connect with other tech enthusiasts, meanwhile making such events available us, the alums, to attend.  I have a two years old startup and customer acquisition through new media is always on my marketing agenda, so this topic caught my interest right away.

The panel consisted of the co-founder of GeekWire, Founder of Newsvine, editor of Seattle Business Magazine, Seattle Times Technology Columnist, and the senior editor of Xconomy.  They gave us a wide range of opinions on how to approach media in this new media age. General challenges in the tech media today are:

  • Too much information is flowing around
  • A lot of people are writing
  • New media and old media provide a lot of choices for entrepreneurs, it can get overwhelming

The panel presented very interesting points and suggestions on how tech entrepreneurs can effectively tackle these challenges:

  • Be authentic, be honest, and be yourself
  • Sell your true story not your credentials
  • Have a story: just because you have an app, it does not mean you have an interesting story
  • Explain your technology in layman terms
  • Get the reporters interested in you
  • Know your audience and use the correct channel to pitch: no need to do Twitter etc if nobody reads it
  • Get your interesting nuggets of news prepared ahead of time before meeting the press
  • Rethink press release and don’t be afraid to use new media, such as emails

If you would like to learn more about this event, my fellow note taker over at fireundereverybutt.com posted a visual note from the event. Check it out at http://fireundereverybutt.com/visual-note-taking/.

It’s Business Time!

Tuesday, August 23rd, 2011

Aaron Lykken, Manager of Academic Services & Technologies

The smell of fresh cut grass.  The afternoon summer sun shining bright. The company of good friends. Loads of exercise.  Tons of fun.  These all help describe the opening season for the TMMBA alumni ultimate frisbee team, It’s Business Time.  The TMMBA program fielded a team for DiscNW‘s 2011 Summer Corporate League and saw a lot of success, going deep into the playoffs and playing for 3rd place in a league long dominated by titans such as Microsoft Corporation, Amazon.com, and the Boeing Company.  The league pitted Seattle area companies head to head each Wednesday evening on the fields of Magnuson Park.  Plastic flew, the chants were loud, sportsmanship high, and the victories sweet.  We started as a mixed band of talents, with alumni from over the years with varying athletic abilities and staff.  As the season pressed on we learned each others playing habits, grew as players, got in better shape, and saw our offense and defense come together in harmony.  The experience was unique from other alumni activities in that we were able to strengthen connections with people we already know but also to meet new people and get to know them over the course of the season.  There is already discussion of an end of season BBQ and putting together a team for next summer!