Sunday, December 21, 2008

Ego Boost II

So a little vanity from me. MIT Sloan's Venture Capital Private Equity (VCPE) club just hosted the 11th Annual MIT Conference in Cambridge. One of the panel discussion was Clean Energy for which I was a co-lead. They just posted the webcast link to the entire Clean Energy panel and I've included it below. You need a RealPlayer downloaded to watch and listen to it.

MIT VC conference Clean Energy Panel link

Saturday, December 20, 2008

Semester I done! What now? Let me tell you what now?

well, so we finished our first semester (also known as CORE) this Wednesday. It was kinda strange to not have to do anything course related on Wednesday nite. Of course I had other things to worry about that were not course related but it still felt good. I have not slept well for the past 6 weeks or so and have not gone to the gym in the past 4 weeks. On top of that I have been eating greasy Chinese/Thai food every single day! Gaawwd, I feel like such a pig! So my plan for the rest of December is to sleep well, eat well, and work out regularly.

December also brings with it the anxiety of summer recruiting for most B school students. The last week in school was filled with a buzz in our building about someone receiving interviews from Goldman Sachs, or Morgan Stanley or McKinsey or Bain or Amazon. "Did you make the closed list for MS?". "Dude I have not heard from McK" type of conversations are common in the halls. I did not have to deal with any of that. Why you ask? Well, let me tell you why. I did not apply to any banks or consultant firms. Zip. Zilch. And I did not even think twice about it. The only things I applied for via school were Investment Management positions (buy side). That too I was very lukewarm about them. My interest was not in them and that showed in my resume and coverletter. I found out that I did not get on the invite list of the four firms that I applied to. Big whoop! I can bid for an interview as Sloan allows that but I have no interest in an IM career. So what is it that I want to do then?

well, I decided to pursue Winter and Summer Internship positions at Venture Capital firms. I have been researching VC as a summer internship option for 2-3 months now and that's where my interest lies. The thing though is that there is NO campus recruiting for VC positions. Everything works through networking. Fortunately, I was lucky to have a few people at Sloan who have been pimping me to VC firms and I managed to land an offer at a VC firm for January. Let's see how it goes.

What else is going on? Let's see:

-The markets are still giving people the heebee jeebies. Any predictions for the upcoming new year?

-There was a lot of talk at school about this Madoff guy. I have to research this situation.

-The killings in Bombay. There was a lot of outrage at school and from a lot of my friends. I heard quite a lot of solutions being put forward but not able to judge which one would work.

-Obama cabinet appointments. Not sure what to make of Hill Dawg as the Sec. of State. I have to say that it was a political appoinment to appease some faction of the Dems. Hope she does not alienate too many foreign leaders. Steven Chu (Nobel Prize winner) as the Energy Sec. is on the surface a good appointment but it is hard not to notice that he does not have any industrial experience. There was a good point raised at the recently concluded MIT VC conference that the US Department of Energy's goals are not aligned with the Energy Policy of the US. You see the DOE was established originally to take care of the US Nuclear Program. Now most of the responsibility of the DOE is to oversee the disbursement of research funds to universities and national labs. Is there a need to have another agency that oversees the funding of energy innovation and implementation ideas at a practical scale? That is up for debate?

-The NFL season is coming to an end apparently. I have not watched any games this season! Unbelievable. I'll try to get caught up on what the situation is.

-The BCS championship line up is set. Should be a more even sided game than the past 2 years for sure (thankfully no weak Big 10 team is in there!). I am not a big fan of Urban Myers and moreover Bob Stoops has a buckye connection. Go Sooners!

-What the heck is going on in the movie world? It's been such a long time since I've watched a movie. Time to catch up.

-I will be chillin' at my sister's place in NJ until Dec 30. Then off to Cambridge for a week. Then will begin my Winter mini-internship (NYC + Boston).

Happy Holidays kids!

laters