RJS has made it home safely after a fantastic trip to UT-Austin and Moot Corp. We spent Saturday morning watching the semifinal rounds, where some teams we have seen at previous competitions were presenting. After watching our friends from the University of Illinois-Chicago, Georgia and Manitoba, we headed into town for some Texas barbecue. Then it was time for the finals where we saw 3 of the 4 competitors present, including Mullis Enterprises from Georgia, our rivals Power Prawns from Thammasat University and Omega Sensors from San Diego State University. All of the presentations were great and they all handled the constant interruptions and Q & A from the judges very well.
RJS received recognition at the awards ceremony for being the wildcard runner-up. We received quite the ovation when our name was announced; one that rivaled all but the finalists’ ovations.
The night was capped off by a big celebration, where all of these teams that have competed against one another multiple times across the country enjoyed each other’s company and conversation before it was time to head home. There is no doubt that all of the ventures at Moot Corp will go on to be successes. For RJS, the academic end of the business plan is over. It is now time to get ready for the launch of Pulse.
Well, we have come together as a team and given all the energy that we had to give. We all felt that we gave 110%. We left it all on the table…. No more clichÃ©s….
The best part of being at this competition was having the opportunity to see that the University of Louisville prepped RJS as well, if not better, than any other school that we went up against. We are very proud to have been through this program and to have finished 11th in the world for business plans, and soon FIRST in revenue!
This team and this company has what it takes to go forward to raise venture funding and succeed in the global marketplace. We are the class of 2007 for Moot Corp and intend to take this business live this summer, offering the highest quality spirits to the world. PULSE will be remembered at UoL AND UT-Austin as the team that provided enjoyment and excitement during rather stressful, high intensity moments. The next stage is to raise capital, launch the product and watch the whole world Pulse.
Eight first runner-up teams from the first round competed in the Muphree Venture Challenge Friday afternoon to determine two teams to move forward to the semi-finals Saturday. RJS was first runner-up in its Muphree Venture Challenge track and has now completed its great run at Moot Corp.
One of our judges in the Murphree Venture Challenge commented that “RJS’ presentation was A+ and one of the best ever in 18 years of investment banking”.
Today we will attend the semi-finals this morning, the finals this afternoon, and the awards ceremony tonight.
The RJS team members will share their thoughts later.
RJS came in 2nd in the opening round track, giving us the opportunity to take a wildcard slot in the semifinals. Nothing new for the team that was not originally selected to compete in these competitons. We’ve got very few minor changes to make before we present again at 4:15. It is almost showtime again… one more time for the underdogs.
We are finalizing our presentation… making final tweaks and changes in the final hours leading up to the opening round. It is roughly 2 hours and 45 minutes until showtime and we are ready.
The waiting is over. Tomorrow (Friday) we begin the competition rounds. We go up against Brigham Young University, Michigan, Monash University from Australia, and Thammasat University from Thailand. Each team will have fifteen minutes to present to venture capitalists and then twenty minutes to answer their questions. We find out at lunch Friday whether we advance to the finals round or enter the consolation round. Whatever the results, I’m proud of our RJS team and all the hard work they have done to represent UofL.
So we just finished the tradeshow. What an experience! This was by far the best, whilst the most cramped and stuffy, trade show yet! ;). We made awesome connections (we are about to be taken out to dinner by some NYC attorneys that we met), and managed to garner a good bit of attention from the camera crew as well (the nature of our business doesn’t hurt.There were many well-prepared and high quality teams there, and we have no doubt that this will be the most intense competition yet. We’re off, so have a great night and wish us well for tomorrow morning, k?
So a ham and egg biscuit walks into a bar, see? and the bartender says, “Sorry, we don’t serve breakfast.”
We presented to a four judge panel–no Q&A, and everything went smoothly. We are on a tight schedule; about to grab a quick bite before getting everything prepared for the trade show tonight! We’ll talk to you all soon.
RJS (yeah…. what? okay!!)
Our team is about to head across the street for our practice round and the adrenaline is flowing. We met up with our nemesis from Thailand, and the war has begun! The University of Louisville IS a FORCE to be dealt with and we will continue to uphold the tradition of excellence and perseverance as we proceed in the rounds of competition.
It’s been great catching up with some of the other schools who we had established relationships with from past competitions. We look forward to bringing home more honors for Louisville on Saturday night.
More to come…
We just arrived in Austin and the excitement is in the air. All the work, all the long nights, all the Saturday morning meetings, all the Sunday afternoon meeting have brought us here. We have been given the opportunity to present our idea at the global level and we are ready to go.
Tomorrow is a practice day and the trade show competition. We’ve got a killer display and we are ready for the big show.