Entrepreneurship Intensity Track (EIT)

About 20 of us made it into EIT. It was a long, hard process and I thought I was going to die, but I (luckily) made it through.

First round was submitting the business idea which had no limit to the number of pages (mine was about 25 including exhibits and such), and a 30-minute interview with two professors. They were relentless and left everyone feeling like they weren't going to make it to next round.

Second round was where we presented rocket pitches (3 PowerPoint slides in 3 minutes) to a room full of angel investors / potential mentors. I was nervouse as heck going in, but it felt great in the end! The audience laughed at the right spots and were amazed by the statistics. In the end I wound up with two mentors.

I met both mentors today who are great. One is a serial entrepreneur and has 30 years experience in the retail industry. The other runs a strategic consulting firm and has raised $billions in equity for previous firms and filed the IPO on one. Both women are there to challenge me and I believe my business will be better for it.

Today was a more detailed introduction of the biz which followed with lot of brainstorming. The result is 3 aggressive summer goals and week-by-week schedule of my summer. Basically, my summer is full.

So what is EIT? EIT is designed for people with a business idea that they want to implement now. The year-long course is structured to help you start your business the day after you graduate. Everything in the class isn't so much academic-based as it is real-life. In other words, everything we do in and around class is related to our actual business idea. There is only 1 actual EIT course, which is twice a week and every other entrepreneurial class offered by Babson is open to the entire student body. However, I think we'll learn a lot in this 1 class and we could potentially experience something that few have the opportunity to enjoy.