What: MIT $50K Entrepreneurship Competition 2001 Spring Kickoff
When: Tuesday, February 6th, 2001, 7:00 p.m.
Where:Room 26-100, Massachusetts Institute of Technology (Enter at 77 Massachusetts Ave., go straight down hall to end, turn left, crossing through Bldg. 16 into Bldg. 26)
CAMBRIDGE, MA, January 29, 2001--Tom Leighton, co-founder and chief scientist of Akamai Technologies and MIT professor of applied mathematics, will speak about the founding of Akamai at the 2001 MIT $50K Entrepreneurship Competition spring kickoff. Akamai was a finalist in the 1998 MIT $50K competition. Its sky rocking value on its day of IPO led it to be labeled a “Wall Street darling.”
The event is aimed to get the MIT community geared up and excited to take advantage of the MIT 50K's entrepreneurial opportunities. MIT's unique combination of world-class science and engineering and MIT Sloan School of Management leadership has provided students with the edge to launch successful companies in today's technological marketplace. This combination has led to the creation of over 4,000 companies.
The MIT $50K Entrepreneurship Competition, the world's leading university-based business plan competition, has been described by Inc. Magazine as the business plan competition that is “more equal than all the others". During its 11 years in existence, the MIT $50K has led to the creation of more than 75 companies with an aggregate market capitalization of more than $10 billion.
Competition alumni include companies such as Akamai Technologies (Nasdaq: AKAM), Direct Hit Technologies (acquired by Ask Jeeves), Lexicus (acquired by Motorola), Sensable Technologies, Webline Communications, net.Genesis (Nasdaq: NTGX), Silicon Spice (acquired by Broadcom recently) etc. The competition enables the most entrepreneurial, business and technical savvy people at MIT to create tomorrow's leading firms.
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