![]() ![]() This flexibility extends to the veterinarians, who can schedule appointments that fit their schedule, avoid unnecessary office visits, and access new customers. Through the My Virtual Veterinarian iOS app, pet parents can access their primary veterinarian, or find a different veterinarian who is available for virtual veterinary appointments, and schedule a convenient appointment time. Felicity Johnson founded the company after experiencing time-consuming medical visits when her cat Tiffany was diagnosed with cancer. My Virtual Veterinarian connects pet parents with veterinarians for video and chat appointments, providing a unique solution during the COVID-19 pandemic. These teams solved inventive problems across biotech, travel, health care, and fashion sectors. The eight Startup Challenge finalists were selected Saturday morning after two rounds of closed-door pitch sessions in front of entrepreneurs and investors. “This gave the judges more time to interact with the students and less pressure for the students,” says Ogur. The student teams then gave a short, elevator-type pitch followed by a more extended Q&A that was about 25 minutes long. So what we did was we had teams pre-record their semi-finals pitches, so we could present them to the judges ahead of time to try and preempt technical difficulties.” “We felt that with the virtual format, we needed to adjust that. “For instance, for the semifinals, normally the teams would pitch for five minutes and have seven minutes of Q&A,” she says. ![]() This year’s competition proved to be very different from years past for the judges, having to anticipate things that they were not used to because of the virtual setting, says Ogur. You will learn way more in a few months at a start-up than you will working for a conglomerate.” “Even if it’s unstable, and there are a lot of problems in the economy right now. “If you are graduating and debating whether to go work for a big firm or thinking, ‘Do I work for a startup?’- if you want to be a founder at some point, I would highly recommend working for a startup,” he says. Vaughan says working for a start-up for new graduates or anyone else can exhilarate one’s learning experience. You do damage to the brand when you discount too much.” “Shifting products versus discounting for existing entrepreneurs is the best way to go. ![]() “Current businesses should think about this economic crisis in a more strategic way versus being fear-focused,” he says. Smith says existing entrepreneurs can also look at this crisis as an opportunity. It also depends on knowing your customer and knowing your client’s need, and can you help elevate their ping point.”Ĭlockwise from top left: Kathryn Stewart, Mauro Guillen, Mike Vaughn and Davis Smith “A lot of it depends on how you are managing your cash flow, and I am seeing the businesses who are pivoting are actually increasing their cash flow. “Everyone talks about how great companies are formed in these times,” she says. Stewart was asked what kind of advice she had for aspiring entrepreneurs in the midst of the coronavirus crisis with the economy in lockdown. The webinar discussion, “ COVID-19 & Beyond: Entrepreneurship & Innovation in a Recession,” included Davis Smith, founder and CEO at Cotopaxi Kathryn Stewart, founder and managing director at Cranbrook Capital and Michael Vaughan, former COO at Venmo and current EIR at Oak HC/FT. While the eight finalist pitches were streamed live on May 2, a group of Penn alumni panelists discussed how to navigate the world of entrepreneurship during a global pandemic, moderated by Wharton professor Mauro Guillen. Judges narrowed the field to the final eight. It was sink or swim when the ‘Shark-Tank’-style competition started with a group of nearly 30 student-founded startups from across the University. Social Impact Prize: $10,000 to Metal LightĬrowd Favorite: $2,500 to Open Laboratories Blank New Venture Collaboration Award: $10,000 to Percepta Gloeckner Award for Best Undergraduate Team: $10,000 Percepta Launch Prize: $10,000 + $15,000 in legal, accounting, and strategy services to Frutero Ice Creamįrederick H. Innovation Award: $10,000 + $15,000 in legal, accounting, and strategy services to MAR Designs Runner-up: $15,000 + $15,000 in legal, accounting, and strategy services to Percepta Perlman Grand Prize: $30,000 + $15,000 in legal, accounting and strategy services to My Virtual Veterinarian ![]()
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