It is currently 23 Jun 2017, 10:50

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

what to talk about your startup companies in your mba app?

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Intern
Intern
avatar
Joined: 04 Mar 2012
Posts: 14
what to talk about your startup companies in your mba app? [#permalink]

Show Tags

New post 20 Sep 2012, 02:56
1
This post was
BOOKMARKED
Hi there,

I just wrote my gmat and got a half decent score (690 Q:47, V:38)..in fact still not sure if I should rewrite it since I dont have a high gpa (2.9), but that's an arg for a different time lol

nevertheless I just got started with the application process and was wondering what the key information are that the adcom would like to know about one's entrepreneurship experience..

In short, I've founded a tech company with two other friends, which unfortunately I had to abandon after 2 years due to a family misfortune..ps. it's doing amazing now

I can think of certain things for instance, the vision one started the company with, business plan in short, the story (where it started n how it turned out) however, I was looking for some professional advice!

your help's much appreciated!
1 KUDOS received
Manager
Manager
avatar
Joined: 23 May 2008
Posts: 120
Location: United States
Concentration: Entrepreneurship, Social Entrepreneurship
GMAT 1: 740 Q49 V42
WE: Business Development (Consulting)
Re: what to talk about your startup companies in your mba app? [#permalink]

Show Tags

New post 20 Sep 2012, 13:17
1
This post received
KUDOS
i founded a startup three years ago with a friend and we eventually sold it earlier this year.

I would highlight all your contributions. for me i broke it down by:

Product Development, Business Development, Seeding Capital, Divestment.
Expert Post
1 KUDOS received
Admissionado
User avatar
S
Joined: 30 Nov 2009
Posts: 5331
Location: Chicago, IL
Schools: Brown University, Harvard Business School
Re: what to talk about your startup companies in your mba app? [#permalink]

Show Tags

New post 21 Sep 2012, 03:38
1
This post received
KUDOS
Expert's post
Very cool! Entrepreneurial stories can be really good, because you get sooooo much experience for them. and if the business is doing well (even if you left) all the more so. The most impressive things are of course results - success and size of the company, whether you got seed funding, incubator support, etc. etc. But even without that, you can still get a LOT out of your ACTIONS and EFFORTS.. I mean lots of times you have negotiate, convince, build partnerships, set short and long term strategy, hire people, review them, inspire them, collaborate will aaaaaaaall sorts of folks, set up an office, do the marketing...

sooo much better than "I coded for three years waiting to get promoted"
:)
_________________

Jon Frank
Founder, Admissionado

Admissionado | Packages | School Guides | Team

If you like the post, give it a KUDOS!

1 KUDOS received
Senior Manager
Senior Manager
avatar
Joined: 20 Jun 2010
Posts: 488
Concentration: Strategy, Economics
Schools: Chicago (Booth) - Class of 2014
Re: what to talk about your startup companies in your mba app? [#permalink]

Show Tags

New post 23 Sep 2012, 10:17
1
This post received
KUDOS
hurdle7 wrote:
Hi there,

I just wrote my gmat and got a half decent score (690 Q:47, V:38)..in fact still not sure if I should rewrite it since I dont have a high gpa (2.9), but that's an arg for a different time lol

nevertheless I just got started with the application process and was wondering what the key information are that the adcom would like to know about one's entrepreneurship experience..

In short, I've founded a tech company with two other friends, which unfortunately I had to abandon after 2 years due to a family misfortune..ps. it's doing amazing now

I can think of certain things for instance, the vision one started the company with, business plan in short, the story (where it started n how it turned out) however, I was looking for some professional advice!

your help's much appreciated!


I also had a startup before bschool.

I'd focus most of your effort on using your "story" to portray your entrepreneurial drive, your willingness to take risks, your comfort with ambiguity, the broad professional skills you developed during the process, your ability to learn on the fly, the multitude of failures you've likely experienced while starting a company, your creativity, your leadership, etc. I could go on and on.

When telling your story, focus less on your business plan and your initial "vision," and instead ingrain your story with anecdotes that show how you evolved during the process.
_________________

GMAT Club Premium Membership - big benefits and savings

Intern
Intern
avatar
Joined: 04 Mar 2012
Posts: 14
Re: what to talk about your startup companies in your mba app? [#permalink]

Show Tags

New post 24 Sep 2012, 10:36
MDF wrote:
hurdle7 wrote:
Hi there,

I just wrote my gmat and got a half decent score (690 Q:47, V:38)..in fact still not sure if I should rewrite it since I dont have a high gpa (2.9), but that's an arg for a different time lol

nevertheless I just got started with the application process and was wondering what the key information are that the adcom would like to know about one's entrepreneurship experience..

In short, I've founded a tech company with two other friends, which unfortunately I had to abandon after 2 years due to a family misfortune..ps. it's doing amazing now

I can think of certain things for instance, the vision one started the company with, business plan in short, the story (where it started n how it turned out) however, I was looking for some professional advice!

your help's much appreciated!


I also had a startup before bschool.

I'd focus most of your effort on using your "story" to portray your entrepreneurial drive, your willingness to take risks, your comfort with ambiguity, the broad professional skills you developed during the process, your ability to learn on the fly, the multitude of failures you've likely experienced while starting a company, your creativity, your leadership, etc. I could go on and on.

When telling your story, focus less on your business plan and your initial "vision," and instead ingrain your story with anecdotes that show how you evolved during the process.


Thanks MDF! Excellent points! :)

but may I ask you why you suggest to focus more on the story rather than the business plan and initial vision? I thought they were equally important?
Would you please elaborate?

Thanks again!
Manager
Manager
avatar
Joined: 23 May 2008
Posts: 120
Location: United States
Concentration: Entrepreneurship, Social Entrepreneurship
GMAT 1: 740 Q49 V42
WE: Business Development (Consulting)
Re: what to talk about your startup companies in your mba app? [#permalink]

Show Tags

New post 24 Sep 2012, 10:48
This is the feedback I received from bschool grads on my app essays. Focus on your personal development rather than outlining the business plan. 10% milestones/failures 90% how that experienced affected you. Adcoms would rather know how that entrepreneurial experience shaped you personally
Non-Human User
User avatar
Joined: 01 Oct 2013
Posts: 624
Premium Member
Re: what to talk about your startup companies in your mba app? [#permalink]

Show Tags

New post 12 May 2017, 14:17
Hello from the GMAT Club MBAbot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Re: what to talk about your startup companies in your mba app?   [#permalink] 12 May 2017, 14:17
    Similar topics Author Replies Last post
Similar
Topics:
Do you need to explain what your company does in your resume saintforlife 1 04 Nov 2013, 06:17
1 What are your feelings about Tepper? SpY0o2 6 02 Jun 2011, 14:31
iPhone App to manage your MBA applications duuuma 0 15 Oct 2009, 16:16
What is your post MBA goal... dosa_don 21 21 Mar 2008, 06:27
What is your post MBA Career riverripper 17 03 Sep 2007, 03:36
Display posts from previous: Sort by

what to talk about your startup companies in your mba app?

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: OasisGC, aeropower, bb10



GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.