Transcript MITCNC Annual Report - Massachusetts Institute of Technology

MITCNC
Winter Board Meeting
February 17, 2009
MITCNC BOD Meeting, Feb 17th, 2009
Agenda
•
Dinner
6:00 – 7:00 PM
•
Board Business
7:00 – 7:30 PM
•
•
–
Minutes from July 17, 2008 meeting
–
Nominating Committee Update
Ron Koo
–
Conflict of Interest Policy
Tom Burns
–
Financial Review Process
Dick Clayton
7:30 – 8:45 PM
Club Operational Review
–
President’s Report
Nelson Lin
–
Treasurer’s Report
Mike Sarfatti
–
IT Project Update
Javed Samuel
–
Club Strategy Session
Nelson Lin
–
VMS Bay Area
Rolf Blaucher
8:45 – 9:15 PM
Closed Executive Session
MITCNC BOD Meeting, Feb 17th, 2009
2
The 2008-09 Club Year has started
Auspiciously
•
Additions to Leadership Team have energized the Club
– New leaders for Social Communities and Sloan Club of Northern California
– New programs (and leaders) for Career Development and for K-12 Educational
Outreach
•
Successful Spotlight event
– Nick Negroponte on One Laptop Per Child (OLPC) initiative
•
Launched new website and migrated to Kintera-based IT system
– Already 25k visits to homepage since December 23, 2008
•
Membership is off to strong start, nearly matching last-year’s total
•
Club is financially stable
– Despite investment in IT infrastructure, Club retains ample reserves (~$90k) for
club operation
MITCNC BOD Meeting, Feb 17th, 2009
Note: FY2009: August 1 – July 31.
3
2008-09 YTD
Maintaining successful programs
Events by Type2 (N=59)
First Six Months of Fiscal Year1:
Other
11%
•
Approximately 60 events
•
1,800+ estimated total attendance
•
1,100 total SmarTrans registrations
Entrepreneurship
38%
Sloan
5%
– Note: replaced use of SmarTrans with Science & Tech /
Kintera on January 1
Life Sciences
•
13%
New / resurrected programs
– Sloan Club of Northern California
– Angel Investing
– Healthcare Forum
East Bay
11%
1.
FY runs from Aug 1, 2008 through July 31, 2009
2.
Some events can cross categories; e.g., some East Bay lectures cover Scientific
Topics, and some Sloan events are social in nature
MITCNC BOD Meeting, Feb 17th, 2009
Social
22%
4
2008-09 YTD
Event Highlights – Past Six Months
Date
Event
Attendees
Thanks! to
Jan 15th
MBA Mixer
>200
Eric Silverberg, Bob
Meese
Jan 11th
Green Wings – the Future
of Electric Flight
60
Mort Grosser, Charles
Zhou
Jan 7th
Inflationary Cosmology –
Prof. Alan Guth
100
Bill Reenstra
Dec 11th
What is Fundable in a
Down Economy?
100
Alissa Fitzgerald
Oct 13th
Spotlight Featuring
Nicholas Negroponte
320
Brad Schneider and
team
Sept 7th
Annual Meeting –
Computer History Museum
125
Alison Chaiken
MITCNC BOD Meeting, Feb 17th, 2009
5
2008-09 YTD
Striving for Geographic Diversity
Events by Location (N=59)
East Bay
20%
Peninsula
455
SF
20%
North Bay
15%
• Almost half of events outside of the Peninsula
• Continuing push for expanded event coverage outside of
Peninsula
MITCNC BOD Meeting, Feb 17th, 2009
6
2008-09 YTD
Another Successful Spotlight!
• Keynote Speaker Nicholas Negroponte
– One Laptop Per Child Foundation
– Oct 13th, 2008
• Sold-out event; over 300 in attendance
• Financially successful due to Sponsorship
– Raised $17k from seven sponsors
• Thanks to Brad Schneider and Catherine Calarco
Next Spotlight tentatively planned for 4Q09; speaker TBD
MITCNC BOD Meeting, Feb 17th, 2009
7
FY 2007-08
Thanks to our Spotlight Sponsors
Sponsorship Level
Sponsor
Amount
Palo Alto Investors
$5,000
Seifel Consulting
$5,000
Kenneth Allen -- Townsend and Townsend and Crew
$1,000
Jeffrey Heller – Heller Manus
$1,000
Charles Salter – Charles Salter Associates
$1,000
Anonymous MITCNC Member
$1,000
MIT Resource Development Office
$3,000
Corporate Sponsors
Individual Sponsors
VIP Reception Sponsor
Total Sponsorship
$17,000
MITCNC BOD Meeting, Feb 17th, 2009
8
2008-09 YTD
Thanks to our Entire Officer Team!
Leadership & Infrastructure
Science & Technology
Immediate Past President – Ben Matteo
Director Life Sciences Forum – Elizabeth Ng
Executive Vice President – Catherine Calarco
Director Science Lecture Series – Charles Zhou
Treasurer – Mike Sarfatti
Secretary – Elizabeth Reierstad
Community Programs
VP Communications – Monika Gorkani
VP East Bay Events – Bill Reenstra
VP Membership & Volunteer Int. – Manjari Bhatia
VP Career Development – Gene Becker*
Director Volunteer Integration – Alison Chaiken
VP Social Communities – Daphne Lin*
Director Sports & Recreation – John Keen
Director MIT10 – Elizabeth Lin
Entrepreneurship Program
VP Entrepreneurship – Richard Rabbat
K-12 Educational Outreach – Joel West*
Director Angel Investments – Shuja Keen
Spotlight Chair – Brad Schneider
Director Boomertech – Mike Sarfatti
Director Convergence, Community and Commerce –
Vandana Upadhyay
Director Semiconductor – Alissa Fitzgerald
Affiliate Organizations
Co-President Sloan Club – Eric Silverberg* and Bob Meese*
AMITA Liaison – Radha Nayak
Director Venture Mentoring – Jennifer Wang
* New to team in 2008-2009
MITCNC BOD Meeting, Feb 17th, 2009
9
New Additions to the Leadership
Team
• Eric Silverberg ‘08 and Bob Meese ’08 – Co-Presidents, Sloan Club
• Gene Becker ’81 – VP Career Development
• Daphne Lin ’04 – VP Social Communities
• Joel West ’79 –Educational Outreach Director
• Andrew Titov ’07 – to take over for VP of Membership
MITCNC BOD Meeting, Feb 17th, 2009
10
In-kind Corporate Sponsors
Continue to Support the Club
The following in-kind sponsors help the club tremendously by hosting
events and providing catering and logistic support:
WSGR
Cooley Godward Kronish
Google
Townsend and Townsend and Crew
MITCNC BOD Meeting, Feb 17th, 2009
11
Treasurer’s Report
Mike Sarfatti ‘76
MITCNC BOD Meeting, Feb 17th, 2009
12
2008-09 YTD
Cash Reserves, while down 20% yr/yr,
provide ample cushion for club operations
Cash Balance, $ Thousands
$160
$136
$120
$113
$92
$82
Estimate
Feb 2009
July 2009
$93
$87
$82
$80
$40
$0
July 2006
Feb 2007
July 2007
Feb 2008
July 2008
Major Uses of Cash
Scholarship
$25k
$50k
$25k
$25k
-
-
Kintera / IT
-
-
-
~$10k
~$15k
~$3k
• Main expenses through year-end 2009 will be Spring Newsletter(~$7k) and Kintera quarterly fees (~$3k)
MITCNC BOD Meeting, Feb 17th, 2009
13
Membership Update
Manjari C. Bhatia ‘98
MITCNC BOD Meeting, Feb 17th, 2009
14
2008-09 Membership is off to a
Strong Start
MITCNC Membership Registration
1,200
1,056
966
1,000
898
942
917
910
800
600
400
200
0
Registration
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
YTD
1,056
966
898
942
917
910
-8.5%
-7.0%
4.9%
-2.7%
TBD
12.1%
10.8%
9.7%
10.0%
9.6%
9.1%
8,724
8,963
9,236
9,375
9,575
10,032
2.7%
3.0%
1.5%
2.1%
4.8%
% Y/Y growth
% Penetration
Area Alums
% Y/Y growth
MITCNC BOD Meeting, Feb 17th, 2009
15
Patron Membership Up 32% YTD
1,000
942 Total
917 Total
910 YTD
128
800
70
211
283
108
600
75
57
92
80
Free Members1
Patron
Sustaining
Regular
400
636
532
497
200
0
2006-07
2007-08
2008-09 YTD
Free Memberships include Recent Grads (Class of ’06, ’07, ‘08); Cardinal & Gray Members; and current students.
MITCNC BOD Meeting, Feb 17th, 2009
16
On-line registration continues to
grow in popularity
Percent of Membership Registrations Conducted On-line
70%
60%
60%
50%
54%
40%
42%
30%
20%
32%
24%
19%
10%
0%
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
YTD
On-line memberships are immediately processed (benefit to member); mail-in
registration requires manual processing and can take months for database to
update
MITCNC BOD Meeting, Feb 17th, 2009
17
New IT System and Website
Javed Samuel ’04
MITCNC BOD Meeting, Feb 17th, 2009
18
MITCNC Migrated to New IT System
and Website on December 24, 2008!
•
www.mitcnc.org revamped
– New look and feel
– Web content updated
– Replaces SmarTrans for
Membership and Event Registration
•
Website statistics (Through Feb 13, 2009)
– 25k homepage hits
– 9k calendar hits
– 4k “Featured Events” hits
•
Decentralized access facilitates event listing and
calendaring
•
New features include wait-list management for event
registration
MITCNC BOD Meeting, Feb 17th, 2009
19
Thanks to all who made it happen!
• IT Implementation
– Javed Samuel
– Rohit Gupta
– Many, many officers who assisted in webpage
development and updating
• Initial IT Project Team
– Catherine Calarco
– Ben Matteo
– Ed Tau
– Javed Samuel
– Dick Clayton
MITCNC BOD Meeting, Feb 17th, 2009
20
IT System – Next Steps
• Javed and team continue to train volunteers to broaden use
• Modify Membership registration form; potential for multi-year
membership
• Migrate from legacy email lists to new system to facilitate event
marketing
• Utilize system for document repository with restricted access
– Photos
– Club documents
• Monitor Kintera system and report back to MITAA regarding
how “beta test” is proceeding
MITCNC BOD Meeting, Feb 17th, 2009
21
Career Development program
Gene Becker ‘81
MITCNC BOD Meeting, Feb 17th, 2009
22
Resurrecting the Club’s Career
Development Program
•
Given current economic climate, club sought to rebuild the Career
Development program
– Email message to Northern California alums yielded enthusiastic response
– Career Development team quickly formed and is in initial planning stages
•
Career Development Team
– Mike Bowles '80
– Iris Clark '91
– Ralph Occhipinti '68
– Eric Pan ’’86
– Cheng-Wei Pei '03
– Yonggang Wen '08
– Gene Becker '81 (VP, Career Development)
MITCNC BOD Meeting, Feb 17th, 2009
23
Vision – a holistic view of Career
Development
•
Address alums’ short-term needs
– Assist with job searches
– Provide networking opportunities
– Raise awareness of resources and events
•
Support long-term “holistic” career growth and development
– Understanding how career fits into overall personal development
– Situating one’s work in context of family, community, and society
•
Team is still in initial stage of defining program scope
– Team members getting to know one another
– Understand alums’ needs
– Prioritize target audiences and goals
MITCNC BOD Meeting, Feb 17th, 2009
24
Career development model (draft)
Recent
Graduate
Growing
Professional
Established
Professional
Career
Changer
Direction
Personal Vision
External Perspective
Defining “Success”
Establishing Expertise
Expertise
Continuous Growth
Managing Your “Brand”
Building Your Network
Proposed initial focus
Situation
Finding a New Job
Starting a Business
Navigating Transitions
Context
Becoming a Whole Person
Service & Giving Back
7/21/2015
MITCNC BOD Meeting, Feb 17th, 2009
25
Sloan Club
Eric Silverberg, Bob Meese, Ajit Dansingani, Abhinav Khushraj
MIT Sloan ‘08
MITCNC BOD Meeting, Feb 17th, 2009
26
New Leadership for Sloan Club of
Northern California
•
Co-Presidents: Eric Silverberg ’08 and Bob Meese ‘08
•
Goals
– Invite Sloan Professors to speak in the Bay Area
– Cross-MBA program networking; co-sponsor events with HBS, Wharton and
other MBA alumni clubs
•
Communication
– Leverage Facebook as well as MITCNC website for communicating with
alulms and promoting events
– Over 100 Sloan alums on Facebook
•
Organizational Change
– Transition leadership to new Sloan graduates each year
• Maintains fresh contacts with Sloan
• Re-energizes club each year
MITCNC BOD Meeting, Feb 17th, 2009
27
First Event:
Jan 15th Multi-School MBA Mixer
• Highly Successful Event
– 304 paid registrations (sold out)
– 200+ attendees
Registrations by School
MITCNC BOD Meeting, Feb 17th, 2009
28
Upcoming Sloan Club events
• Another Multi-school Mixer (organized by another
school)
• Professor speakers
• Community service
• Social events
MITCNC BOD Meeting, Feb 17th, 2009
29
Semiconductor Entrepreneurship
Alissa Fitzgerald ‘90
MITCNC BOD Meeting, Feb 17th, 2009
30
Semiconductor Entrepreneurship
Overview
•
Charter: Founding, funding, and growing new ventures in the area of
semiconductor and MEMS
– Topics at the intersection of business and technology
– Adding Cleantech focus in 2009
•
Event Target: 7-9 events per year
– Panel discussions
– One keynote address
– Summer mixer
•
Committee:
– 3-5 dedicated volunteers, trying to grow
– Advisory board of distinguished colleagues
•
2008-2009 Sponsors:
– Cooley Godward Kronish (in-kind: venue and catering)
MITCNC BOD Meeting, Feb 17th, 2009
31
Semiconductor Entrepreneurship
2008 Events
• February 2008: Energy and the Future: A
presentation by Dr. Amit Kumar, CEO, CombiMatrix
• May 2008: MEMS and Startups, Keynote Address by
Dr. Kurt Petersen
• June 2008: Is It Time to Rename Silicon Valley?
• July 2008: Summer Mixer
• December 2008: What’s Fundable in a Down
Economy?
MITCNC BOD Meeting, Feb 17th, 2009
32
Semiconductor Entrepreneurship
Event Attendees
• 2008 Event Statistics
– Average # of attendees: 67
– 3 out of 5 events were near-sellouts
No MIT Affiliation
28%
MIT alumni
46%
Friend / colleague /
spouse of Alumni
26%
MITCNC BOD Meeting, Feb 17th, 2009
33
Assessing the Semiconductor
Program
•
Bright spots
– Consistently large audience, many regulars
– High quality events
– Good attendance by MIT alumni
•
Challenges and Actions
– Director bandwidth
Recruiting new Director
– Consistent volunteer participation
Expanding scope to
encompass Clean Tech,
which has brought in new
volunteers
MITCNC BOD Meeting, Feb 17th, 2009
34
Club Strategy Session
Nelson Lin ’91
MITCNC BOD Meeting, Feb 17th, 2009
35
Saturday February 7th:
Officer Team Strategic Offsite
• Built on the initial efforts from the July 2008 Board of
Directors break-out session
• Focused on two key issues raised at that Board
Meeting
– What are unmet needs? How can the Club better serve our
alumni community?
– What do we consider “success?”
• Brainstormed specific ideas; see next two slides
• Ancillary benefit of offsite was outlet for officers to
socialize, network, and build camaraderie
MITCNC BOD Meeting, Feb 17th, 2009
36
Issue 1: What are Unmet Needs?
• Better connect alums throughout the Bay Area
– Use social networking
– Are there ways for alums to interact virtually?
• Video archives of events (many club events already available on video)
• Make use of webcast technology
• Webinars, lectures, live streaming from Boston
• On-line gaming event
• Reach broader alumni audience
– Retired alums
– Family events and events for families with young children
– Social events targeting alumni from graduation year cohorts (’80s, ’90s,
etc.)
– More arts and cultural events
MITCNC BOD Meeting, Feb 17th, 2009
37
Issue 2: What is “Success?”
• Increased level of participation
– Increased membership
– Non-MIT alums at events (validates that programs have value
externally)
– Adding recent graduates to leadership team
– Number of virtual events each year
– Total number of events held
– Total number of event attendees
• Qualitative measures of success
– Successful marquis events, such as Spotlight
MITCNC BOD Meeting, Feb 17th, 2009
38
Immediate Action Items to address
these two issues
• Established task force to address social networking options
– Joel West and Vandana Upadhyay
– Will recruit others
– Contact other MIT regional clubs for their perspectives and experiences
– Administrative rights to MITCNC Facebook group
• Increasing breadth of social activities
– John Keen to reach out to past Club social officers to leverage their experience
– Identify volunteers in San Jose and other geographic areas to broaden
coverage of social events
• Update video archives on website
– Current archives not comprehensive
• Celebrate success stories in newsletter and on website
– Personal testimonials about value from club interactions, benefits of networking
– All officers to seek out such testimonials
MITCNC BOD Meeting, Feb 17th, 2009
39
Long-term Actions
• Continue addressing strategic issues at future officer
off-sites
• Next off-site likely in Fall 2009
MITCNC BOD Meeting, Feb 17th, 2009
40
Venture Mentoring Service
Rolf Brauchler, ‘69
MITCNC BOD Meeting, Feb 17th, 2009
41
VMS/ Bay Area modeled on
successful program in Cambridge
• Face-to-face mentoring for MIT-affiliated entrepreneurs,
matching them with experienced industry/functional experts
• Volunteer-based program
• Key objective: “Giving young ventures an entrepreneurial edge”
• Commercialization implicit, but primary mission is education
• Mentors/mentees meet monthly for ~3-4 hours, for as long as
mentees feel value delivered
• Normally, 3 mentors assigned per venture
MITCNC BOD Meeting, Feb 17th, 2009
42
Current Status
• Executive Committee (9 members) provides long-term
direction
• Current mentor pool: ~30 active (nearly all MIT alums)
• Initial matching session (Nov. 5) yielded 7 ventures
matched with mentors
• Process working well: Feedback from mentees very
positive so far; most teams have met 3-4 times.
MITCNC BOD Meeting, Feb 17th, 2009
43
Program Outlook
• Next matching session March 3; 5 ventures signed
up to present. Planning 1-2 more sessions in 2009.
• Considering addition of Stanford as collaborating
institution later this year; 2008 contacts showed
strong interest there.
• Key Objective: Maintain absolute quality; start
small & manage growth.
MITCNC BOD Meeting, Feb 17th, 2009
44
Learn more: Go to www.mitcnc.org, then see
“Venture Mentoring Service” on Entrepreneurship
page
Contact: Rolf Brauchler
Director, VMS/ Bay Area
email: [email protected]
Mobile: 408.218.7137
MITCNC BOD Meeting, Feb 17th, 2009
45