On Saturday, December 8th, the 15th Annual MIT Venture Capital Conference was held at MIT’s very own Media Lab. In this all day event, venture capitalists, entrepreneurs and students came together around fast-paced panels and hard hitting keynotes dealing with the intersection of entrepreneurship and venture capital. This year’s conference included a packed schedule that started with Registration at 7:30am, and ended at 5pm with the finale of our Startup Showdown. The people voted and our judges determined Gradeable to be their favorite startup idea. Honorable mentions went to Sodium Energy and Delightfully, who were also crowd favorites. Check them out along with other great MIT Startups BRIGHTdriver, Buska, Common Sensing, Continuus Pharmaceuticals, GeriJoy, Sociometric Solutions, and Timbre.
The conference featured four panels: Enterprise, Mobile, Education, and Intellectual Property. The twittersphere was buzzing as many people submitted questions, and joined in on the discussion remotely. Audience members also captured favorite quotes from our esteemed keynote speakers and panelists. A few highlights from the day include:
MIT is the most terrific applied and theoretical, in that order, institution for startups.
- Douglas Leone, Sequoia Capital
Q: Why is Google doing self-driving cars? A: Why not? Why aren’t you?
- Enterprise Panel
Go to an existing market, don’t try to create a new one; raise money when you don’t need money.
- Tom Stemberg, founder, Staples
The key thing that mobile provides is context.
- Mobile Panel
Innovation is a critical driver of economy and Intellectual Property is at the center of our attention at Department of Commerce
- Cameron Kerry, General Counsel, Department of Commerce
The conference was very well received, and provided a great opportunity for students to meet with and hear some of the leading Venture Capitalists in the area. It was also great exposure for many MIT-formed Startups to pitch, and receive feedback from potential investors. Tickets sold out this year, so be sure to put this on the calendar for next year!
Posted by Stacy Shi. Stacy is a Class of 2014 MBA candidate at MIT Sloan and a Co-Vice President on the MIT Venture Capital Conference Organizing Committee.