Class 5 - Business Finance Class 5 - Business Finance

Class 5 - Finance

Instructor: Russell Cheung, Chief Financial Officer

Russell Cheung, CPA, has more than 20 years of experience in technology consulting, e- commerce, and financial services environments.  Mr. Cheung joined Intrinsix Corp., an electronic design service company in 2000, where he played a major role in its 2001 initial public offering. Mr. Cheung overseas the company's finance operations with responsibility for all of the financial reporting, balance sheet management, treasury, audit and tax. He also focuses on strengthening the company's business information systems, providing real-time access to critical operational performance metrics across the business.

Previously, Mr. Cheung served as manager of financial analysis of Be Free, Inc., an Internet marketing company. Prior to that, Mr. Cheung served as senior financial analyst at The Boston Consulting Group, a global management consultancy where he developed and standardized an automated forecasting and budgeting model for worldwide implementation and consolidation.

Before his role at BCG, he served as finance manager for Gordon Brother Group, a capital advisory firm with a focus on inventory lending and retail business restructuring. Mr. Cheung was responsible for corporate finance operations, including research and identification of new business opportunities, and the successful establishment of finance functions of an asset based lending operations. His financial management experience also includes tenures at Fleet Bank and PricewaterhouseCoopers.

 

Speaker: Michael Quan, President and Founder of Interactive Tactical Group

Michael Quan is president and founder of Interactive Tactical Group, a provider of 3D mobile mapping services and
technology in Cambridge.   A former photographer for the New York Times, The Boston Globe and many other organizations,
For over 20 years, Quan photographed the good, the bad, the ugly, and the VERY ugly   In 1998, in the days of AOL dial up,
he created the 360º panoramas for the Harvard University virtual tour.
 

Class 4 - Sales and Marketing Class 4 - Sales and Marketing

Class 4 - Sales and Marketing

Instructor: Ed Ross, President and Managing Director of Excelerate Ventures LLC

Ed Ross is President and Managing Director of Excelerate Ventures LLC, a strategy and commercialization consultancy and angel investment cooperative focusing on disruptive medical innovation.

Mr. Ross has spearheaded the development and global commercialization of several significant disruptive medical device and regenerative technologies including InFuse, the current ‘gold standard' bone-growth implant nearing $1 billion in sales through Medtronic.

Recently Mr. Ross was the Vice President and General Manager for Alphatec Spine where he initiated an independent orthobiologics division and launched PureGen, a disruptive stem cell line for spinal reconstruction. In addition, Mr. Ross has led development and launch efforts for OrthoVisc, a leading injectable hyaluronan osteoarthritis therapeutic and CollaGraft, the orthopedic industry's first synthetic bone graft substitute. Mr. Ross has been a founding and/or senior management team member for notable medical device start-ups including ConforMIS, Gliatech, Anika Therapeutics and ClozeX Medical, a wound closure company acquired by 3M Healthcare. Prior to entrepreneurial pursuits, Mr. Ross built the orthopedic, anesthesia and healthcare IT businesses for industry leaders such as Zimmer, Genetics Institute, American Hospital Supply and Whittaker General Medical, all marked by successful introductions of key innovations.

An active advisor and Board Member to several startups, Mr. Ross is a founding member of MDG, the Medical Development Group, and active in Mass Medical Angels and Golden Seeds. He serves on the steering committees of entrepreneurial educational groups including the MIT Enterprise Forum Life Sciences Group and the North Shore Technology Council. Mr. Ross has recently served as mentor and judge as part of the Mass Challenge, the world's largest startup competition. He is an active volunteer and former Board member for The Samaritans. Mr. Ross has an MBA in Marketing and Finance from University of Rochester and a Bachelor of Arts in Political Science from Dickinson College.

 

Speaker: Kimberky Le

"As a youth in 3rd grade, I landed my first closing by persuading my elementary school principal to pay me to baby-sit the younger kids belonging to various parents during parent/teacher night at my school. I received my first check of $50. After that, while in high school, I sold teddy grams during certain holidays such as Valentines day and Halloween. I bought sweets, plastic bags, ribbons, and put everything together. I then proceeded to advertise my service through word of mouth during the "non-class hours." On the day of delivery, I distributed orders to various students and that completed the transaction. I share this to emphasize my entrepreneurial sprit, as it was in me from childhood. I am meant to succeed!

As a freshman at Simmons College, I then took on a life-changing internship with College Works Painting, which allowed me to run my own business. This was an experience of a lifetime as I have never physically or mentally worked so hard before in my life. I got way more out of the whole experience once I completed my term. I learned how to work with all types of people; I learned the importance of obtaining and maintaining customer relationships; but most importantly, I learned discipline. Interning with College Works Painting meant that I would spend months generating my own leads with only two days worth of training, not get paid up front and worse, for months until a job was completed, but still find the motivation to go out in the cold, rainy, wintery days, to generate leads in hopes of closing deals. I learned the basics of being an outbound sales agent, which to this day, is my greatest asset in becoming successful pursuing all my goals.

I have many goals, for the various projects that I am currently in; to be the #1 Realtor in MA, to run, operate, and be the premiere center for Reiki healing, and to help the world get back into eating and feeling great. With the support from my team, family, friends, and colleagues, I know I am that much closer to achieving all my goals."

Class 3 - Company Structure and Team Building Class 3 - Company Structure and Team Building

Class 3 - Company Structure and Team Building

Instructor: Robert Chow, Partner, Pepper Hamilton

Robert Chow is a partner in the Boston office of Pepper Hamilton, a law firm with more than 500 attorneys nationwide. Robert specializes in providing practical legal advice to entrepreneurs, emerging growth companies and venture investors. He advises companies at all stages of development and has expertise in, among other areas, business formation, equity and compensation matters, venture capital financings, technology licensing, securities law and other regulatory compliance, and mergers and acquisitions. Robert has also served as General Counsel to Convergent Networks, a venture-backed maker of hardware and software solutions for telecom service providers.  Robert has two young boys he hopes will grow up to be entrepreneurs one day. Robert is still sad the Steve Jobs is no longer with us.

 

Speaker: Graham G. Rong, Senior Industrial Liaison Officer at MIT

As a Senior Industrial Liaison Officer, Dr Rong promotes and manages the interactions and relationships between companies worldwide and the research faculty of MIT to help companies stay abreast of the latest developments in technology and business practices.

Previously, Dr. Rong was the founder and president of IKA, LLC. He has led corporate development and product innovation, and has provided strategic advices to many companies in corporate strategy, IT leadership, web applications and customer relationship management. He has held senior roles with Vignette Corporation and Harte-Hanks. He held an EU research fellowship in the University of Edinburgh in Scotland where he started global collaborative research.

He is on the board of multiple organizations, including the MIT Sloan Alumni Club of Boston, and he is the chair of MIT Sloan CIO Symposium.

Dr. Rong holds an M.B.A. in global and innovation leadership from the Massachusetts Institute of Technology Sloan School of Management and Ph.D. in numerical computing from University of Guelph in Canada.

Class 1 - Introduction to Business Plan Class 1 - Introduction to Business Plan

Class 1 - Introduction to Business Plan

Teacher: Joseph Perry, Regional Innovation Center Manager for the North American Eastern Region, IBM

Joseph Perry is the Regional Innovation Center Manager for the North American Eastern Region and Canada for IBM's ISV & Developer Relations. Joe has extensive experience with Internet technology and with business consulting.  Joe currently is a Ph.D. candidate in the Law, Policy & Society Program at Northeastern University, where he also is an instructor in the on-line MBA program.  He has experience working with Fortune 100 clients. Joe's areas of expertise include Internet privacy, health care technologies and policy, and networked communications. He holds an M.B.A. (concentration in technology) from Northeastern University and a B.A. from the University of Massachusetts at Boston.
 

Speaker: Bryan Solar, Co-Founder, Main Street Partners

Bryan Solar currently works with the Brookeside Group, where he leads strategic partnership efforts and US based business development.  Brookeside has been named one of the fastest growing private companies the past three years, and is on pace to repeat again this year. Bryan is also currently the Co-Founder of Main Street Partners, which provides Fortune 500 grade pro-bono consulting projects for struggling small businesses. Prior to these positions, Bryan co-founded Lazy Mule Laundry which doubled in revenue every quarter for two years, prior to its sale in 2008. Bryan's experience also includes work for Shell Limited's Competitive Intelligence group in Beijing and the US Commercial Service in Madrid. Bryan holds a BA from Colby College, where he concentrated on International Economic Development and Mandarin Chinese.

For class materials, please use the left hand size menu "Reference Materials".
 

Reference Materials Reference Materials

References

General


Class 1 - Overview of Business Plan

Class 2 - From Idea to Product

Class 3 - Company Structure and Team Building

Class 4 - Sales and Marketing

Class 5 - Business Finance

Class 2 - From Idea to Produce Class 2 - From Idea to Produce

Class 2 - From Idea to Product

Teacher: Jay Sun, Managing Director of Building332

Jay Sun is the Managing Director of Building332, a startup incubator on 332 Newbury St, Boston.   He is a former co-founder and CFO of the Barbarian Group, a digital, creative marketing, and an innovative technology company with offices in Boston, New York and San Francisco.  Prior to Barbarian Group, Jay was the CFO of World Conference Holdings  (WCH), and worked with an entrepreneur on various ventures including: World Research Group, Treasury Resources Center, Center for Business Intelligence, and World Economic Development Congress (www.worldcongress.com).

Jay has extensive experience in working with start-up companies, from retail storefront to software companies, from trade show companies to franchises.  Jay's recent venture is 1hourtooth - a mobile crown laboratory servicing dentists in the greater Boston.

Teacher: Stuart Matsumoto, co-founder and Partner at 1hourtooth

Stuart Matsumoto is a co-founder and Partner at 1hourtooth and  was one of designers of  an echo friendly power generation system that makes crowns for the dental industry.    He is also the original owner of Metropolitan  Helicopters,  a tour and video/photo production company here in  Boston.   He is also the co-founder of "BuzzKill" - an advisory panel brings key talents together in one room to critique new ideas and startups. (think of it much like American idol or Sharktank for startups). In  his spare time, Stu enjoys mentoring entrepreneur and like to share his startup stories. 

 

Speaker: Kevin Gao, YES 4.0 Winner, two time YES program alumni.

Entrepreneurship & Consulting. Kevin is a two time YES program alumni. His first business plan, NeeHelp, a crowd-sourced tutoring website for students, won
the "Most Creative" business plan title, and the following year he won the 1st place with the business plan Lokay, a RFID keyfinder that helps people track their missing accessories. After learning about entrepreneurship, Kevin started an Ebay business selling hats his freshman year in college, and made a good amount of allowance for the year. T following year Kevin started VO Contest, an open sourced platform for student groups to create online contests / viral campaigns. It all went well until one of his partners left to work permanently for Google. As a persistent entrepreneur, Kevin learns to never give up. He is currently working at his new statup Ttagg, www.ttagg.com.

YES (Youth Entrepreneurship Service) Program 6.0 Overview YES (Youth Entrepreneurship Service) Program 6.0 Overview

NECINA 6.0 Program

The YES (Youth Entrepreneurship Service) Program 6.0, organized by NECINA and IBM, is a FREE program, for high school and undergraduate students to enter the world of real business. From the 10-class program, students learn to work in teams, develop business ideas and participate in a business plan contest. The program will cover Business Plans, Product Conceptualization, Company Structure, Finance, Sales and Marketing, Public Speaking and Presentation skills. Each class will feature a distinguished speaker and an exciting instructor to show students how skills learned can be applied in the real world. Winners will have cash scholarship and possible internship opportunities in big firms or corporate.

If you have questions, please feel free to send it to organizers using this email: necina.yes6@necina.org or contact the founder of the program Daryl Luk.

For high school students, at least one parent or guardian must be a NECINA member in order to participate in the YES program.

For college students, you must be a NECINA student member in order to participate in the YES program.

To sign up to be a NECINA individual member or student member, please visit membership sign up page.

To register, please fill out this online form. Deadline is 9/11/2011.

Want to know who were the winners of last year YES 5.0 competition? Take a look!!!.  And from here you can read the feedback prepared by the winning teams.  A slide show of the teams in YES 5.0 can be seen at the bottom of this page.

Each class will be held from 9:00 am to 12:00 noon at IBM Innovation Center, 404 Wyman Street, North Entrance, Waltham, MA 02454. (note that NOT the south entrance)

(09/17/2011) Class 1: Introduction to Business Plan
(10/08/2011) Class 2: From Idea to Product
(10/22/2011) Class 3: Company Structure and Team Building
(10/29/2011) Class 4: Sales and Marketing
(11/12/2011) Class 5: Finance
(12/03/2011) Business plan mentoring session 1
(12/17/2011) Business plan mentoring session 2
(Christmas and New Year Break)
(01/07/2012) Effective communication training
(02/25/2012) Semifinal
(03/17/2012) Final Competition
(NECINA Annual Meeting) Award Ceremony

(Some dates may be changed)

CCTV Cambridge - BeLive! Interview for YES Program: