Student Spotlight — Mohit Kant: 730 GMAT Scorer, Consultant, and Iron Man Fan

May 17th, 2011

In this Student Spotlight, meet Mohit Kant — a super-high GMAT scorer who can’t decide what he loves more: Data Sufficiency or Sentence Correction.

Name:

Mohit Kant

Hometown:

Delhi, India

Current job?:

I work as a Consultant with a leading Big 4 firm.  I am also the founder of Consulting Network (http://consultingnetwork.co.in), a non-profit portal for aspiring consultants.

Why do you want to get an MBA?

I’ve reached a stage in my career where an MBA is paramount to reach the next level. To Lead complex organizations, a leader must have a solid grounding in three core areas — Management, Finance and Strategy. The MBA, for me, is a critical component that will help me gather the ammunition that a successful leader needs.

What’s your dream job after b-school?

I have shortlisted a couple of possible paths that I could take. I’d like to keep the cards close to my chest for now.

Can you tell us a bit about your experience prepping for the GMAT?

Before I could decide on a particular prep company, I decided to take the free tests offered by various companies. I felt Knewton practice test really pushed me and closely replicated the actual test. I scored a decent 690 on the practice test and after some contemplation, I decided to “bite the Knewtonian Apple”.

I started my preparation in January 2011. I already had a decent grasp on many of the Quant and Verbal concepts. I went through the online lessons on weekends and worked through the homework exercises during weekdays.  Owing to my heavy work schedule, I was unable to attend the live classes but I was glad to have amazing videos on demand at my disposal.

Knewton taught me some of the errors I had been making in my Quant and Verbal sections. For example, in Quant I did not have a clear strategy for each question. Further, I realized that I needed to let go of my stubbornness to solve each question in Quant and pick my battles. The special quote by Jess Nepom — “Read the question part of the question” — really helped me cut down silly mistakes on Quant. Moreover, some of the “Tells” that Knewton taught me in Verbal really helped me fine tune my verbal performance.

I took my GMAT on 28th March 2011. The test went off smoothly with no real hiccups. As I reached the final screen, my heart skipped a beat. The score read 730 (Q 49 , v 41 AWA -5.5) with a overall 96 percentile.

Any Knewton teacher shout-outs?

Special thank you to my teachers — Jen Rugani and David Ingber for the amazing verbal lessons and Jess Nepom and Rich Zwelling for the amazing Quant lessons. I couldn’t have done it (it=scoring 730 on GMAT) without them (them= my Knewton teachers).

Lightning Round: Favorite song right now?

Edward Maya  — Stereo Love; surprisingly, I only recently discovered this song and its on repeat in my head.

Data Sufficiency or Sentence Correction?

Oh I love them both, please don’t ask me to me pick one. I love the traps in DS questions. Every time I used to fall into a trap of a DS or a SC question I could instantly picture the question writer having a slight smirk on his face.

Bill Gates or Steve Jobs?

I’d pick Bill Gates but I have clear instructions from iPhone to pick Steve Jobs. I love the way Apple relies on innovation and smart marketing to beat its competition.

This quote from the Apple’s “Think Different” Campaign comes to mind  — “Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes… the ones who see things differently — they’re not fond of rules… You can quote them, disagree with them, glorify or vilify them, but the only thing you can’t do is ignore them because they change things… they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think that they can change the world, are the ones who do.”

Harry Potter or Twilight?

Neither, can we add Iron Man as one of the options?

40 Signs You Should Stop Studying for the GMAT

May 16th, 2011

How do you know when you’ve studied enough for the GMAT? It’s a question we get frequently for our students. And it’s a good one: after so much prep work, how do you know – really know – that you’re ready?

Here are 40 signs that it might be time to go ahead and take your chances on the test:

1. After steadily increasing over the course of several months, your CAT scores have recently begun to plateau or decrease.

2. Your GMAT preparation is interfering with other aspects of your MBA applications.

3. You have trouble falling asleep because your mind keeps spinning and tossing up new problems for you to solve.

4. You’ve developed an obsessive compulsive ritual that has you double-checking your answers like crazy and wasting precious seconds.

5. Your MBA applications are going out next week.

6. Your MBA applications are going out tomorrow.

7. Your MBA applications have already gone out.

8. Your idea of a conversation starter is that “diagonal-of-a-cube” problem which shows up on every CAT in some form or another.

9. You can’t tell if you really mastered the free CATs offered by GMAC or if you’ve just memorized the answers because you did them so many times.

10. You know the decimal equivalents not only for 1/7, 1/8, and 1/9… but for 1/23, 2/131, and 3/41.

11. Your idea of fun is “working backwards” on the GMAT – staring at the answer choices and coming up with a problem.

12. You penned an educational rap song that cleverly incorporates all the GMAT idioms on your list.

13. You enjoy gardening, but the word “stem” only means one thing to you now (hint: it has nothing to do with plants).

14. Reading Comprehension passages have seeped into your unconscious. You dream of “sessile organisms” and “omnivorous bats in semi-arid climates.”

15. The phrase “scope shift” enters into your conversation hourly.

16. You’ve composed an outline for every possible “Analysis of an Issue” prompt you could possibly get (you can never be too prepared!).

17. On more than one occasion, you’ve used a Sharpie to underline important keywords on your computer screen.

18. During an extended argument with your girlfriend/boyfriend, you catch yourself trying to outline the “main idea,” “purpose,” “attitude,” and “structure” of his/her rant.

19. You’ve charted your CAT performance and discovered that it looks like a plot of f(x) = sin(x*pi/2) – x/3.

20. Your social circle now consists primarily of online GMAT forum buddies.

21. You’re convinced that your secret destiny is to write GMAT test questions.

22. The last time you went to the circus, the path of the trapeze artists reminded you of a “parallel lines” problem you tackled on your last practice test.

23. You’ve developed an “internal timer” that tells you when 120, 150, and 180 seconds are up.

24. Each time you encounter the words, “least,” “greatest,” and “except” in everyday life, a giant buzzer goes off in your mind.

25. You get kind of “American Psycho” on friends that beat your last CAT score (10 points make you nervous and 30 put you over the edge).

26. You know that the marginal improvement in your CAT scores week over week follows a Bessel function of the first kind.

27. Your GMAT prep routine involves the song, “Eye of the Tiger.”

28. You know what a “resumptive modifier” is.

29. Your synonyms for acing the exam not only include “rocked” and “owned,” but “beasted,” and “pwned.”

30. You noticed the idioms error in the sentence above.

31. You can’t listen to anyone talk without silently identifying the assumptions in their argument.

32. You keep a scrapbook of all your CAT performances. Table of contents includes “scores,” “pacing stats” “vocab words,” “oddball problems,” “reading comp/AWA topics.”

33. You have a cute little frame picked out in which to display the print-out of your unofficial score report.

34. You know exactly how many shots of espresso and what spectrum of lighting is required for you to maximize your GMAT mental agility.

35. You’ve consulted an astrologist, a dietician, and your personal trainer on your ideal GMAT registration date.

36. GMAT studying has you so wired up you sound like Bradley Cooper on NZT in the movie, “Limitless.”

37. Your GMAT reading regime makes The Economist read like Entertainment Weekly.

38. You’ve had this thought: “Business school…? Why would anyone want to do that when they — I mean, he or she — could be a GMAT tutor?”

39. You’ve started a blog about the pleasures of sentence diagramming and the hidden beauty of number properties.

40. You’re seriously dreading a return to the real-world, where success isn’t measured on a scale of 800 and performance sessions don’t occur in 4-hour blocks.\

How did you know that you were ready to take the GMAT?

EdTech News Roundup: Growing Appreciation for Ed Tech Among Teachers, 'Multimedia Literary' Requirements at College, and 24/7 ELL Lessons

May 15th, 2011

1. Seven Questions to Ask About Texting in Class

With cell phones becoming more and more ubiquitous among students, new ideas are being floated about possible ways to incorporate these mobile devices into the classroom. This article from MindShift has some questions to consider about the logistics of using mobile devices in class.

2. Across More Classes, Videos Make the Grade

USC and other universities are pondering new ways to ensure that students graduate with “multimedia literacy” — which means, in part, the ability to create meaningful and compelling graphics and images. Read more in this article from The Chronicle of Higher Education.

3. Survey Highlights Changing Teacher Opinions on Ed Tech

According to a recent survey, teachers are becoming more avid users of technology in both the classroom and their personal lives (there’s been a 50 percent increase in teachers using podcasts and videos as part of their classroom instruction since 2008). Administrators too are recognizing the value of online and blended learning in addressing remediation issues and keeping students engaged. Read more in this article from eSchoolNews.

4. ELL to Go

Two schools transform their ELL programs by giving students around-the-clock access to some of the latest mobile devices. Read more in this article from THE Journal.

5. Twitter Meets the Breakfast Club

A professor who incorporates Twitter and Flickr into classroom assignments has found that the public nature of these forums — and the fact that potential employees might stumble upon it later — improves their work. Read more in this article from The Chronicle of Higher Education.


Joint MBA Degree Programs: A Wide Range of Options

May 14th, 2011

The MBA is a versatile degree. Business school prepares students for a wide variety of potential careers — everything from finance to government to nonprofit to health care to law to education… and more. Because the MBA can help jump-start such a wide variety of careers, obtaining a joint degree can be a smart move in increasing marketability, experience, and knowledge in specific fields.

Previously, we shared some information about two well-known joint degrees: the JD/MBA and the MD/MBA, both of which are offered by a variety of universities. The requirements and structure of these joint degree programs vary widely depending on the institution.

There are many other potential joint and dual degree programs out there (for the record, a joint degree is one in which certain coursework is applied toward both degrees, while a dual degree requires entirely separate coursework but may still be completed simultaneously at one institution). Again, requirements and options vary widely depending on the school — some programs will allow you to submit one application to enter both programs, while others will require students to be admitted at each individual program before embarking on their studies.

Thinking about a joint or dual degree? Here are a few options of possible degrees to pair with your MBA (to see if your dream school offers this joint degree, contact the admissions office or check out their website).

MD: Ideal for those interested in health care management and other related roles. Check out Penn’s program for one school’s schedule and requirements.

JD: Ideal for those interested in business roles with legal components, or legal roles with business components (M &A; labor relations; business consulting; contracts; regulatory compliance). Check out Northwestern’s program for one sample program structure.

Masters in Education: Ideal for students interested in education management or education policy. Check out Stanford’s program.

Master of Public Health (MPH): Ideal for those interested in healthcare management or health policy, but not interested in obtaining an M.D. For a sample program structure, take a look at Johns Hopkins’ program.

Master of Fine Arts (MFA): Ideal for students interested in the intersection of art (film, visual arts, theatre, etc) and management. For example, students who get an MBA/MFA (Film) might go into television or film production; students who earn an MBA and an MFA in drama are likely interested in pursuing management roles in the world of theatre. Check out the University of Michigan’s dual degree program.

Masters of Architecture: Ideal for students interested in seeing architecture in the context of business and social trends; provides students with the ability to understand business strategy in the architecture field. Check out Washington University in St. Louis’ program.

Masters of Journalism: Ideal for students interested in media organization and management and business communications in addition to journalism best practices and strategies. Check out Columbia’s program.

There are a variety of other joint degree opportunities. While a joint degree can be enormously helpful for those pursuing specific career paths, it is also important to weigh the pros and cons of such a decision. Joint degrees will almost always require more time in school, and, as a result, more tuition money. Be sure that the rewards are worth the additional cost (they often are!).

Knewton Turns 3!

May 13th, 2011

That’s right; Knewton celebrated its 3rd birthday on May 5 — Cinco de Mayo! We marked the end of our not-so-terrible two’s in style — sombreros, pinatas, and all.

Below, a few photos from the fiesta:





 

GMAT Dating Advice: 6 Tips to Bring Your Score to the Next Level

May 13th, 2011

Before you’re matched with your ideal score, studying for the GMAT can feel much like the torturous process we call dating. Luckily, we’re here to help you navigate the treacherous waters of computer adaptive testing.

Here’s some classic dating advice, applied to the GMAT.

1.


Just as in a romantic encounter, first impressions can make a huge impact on the outcome of your “date” with the GMAT. Some problems require that you test solutions while other questions have that “magic button” that will allow you to cut to the chase quickly. Here’s a number properties Data Sufficiency question that illustrates the advantages of getting off on the right foot:

Is n positive?

Statement I: np > 0 and pt < 0

Statement II: p >0

You can spend a lot of time testing cases, but if you’re familiar with number properties, you recognize that Statement I tells you that “n” and “p” are the same sign and that “p” and “t” are different signs. But Statement I is insufficient because we don’t know whether “p” is positive or negative. Knowing that the lack of knowledge is the only impediment to sufficiency, we go to Statement II, recognize that on its own the statement is insufficient because it says nothing about “n.” Together with Statement I, the statement is sufficient, however, because it provides what Statement I lacked.

When you’re dating, quickly finding out what’s missing (sensitivity, rationality, good looks…) can be disappointing. But on Data Sufficiency, it is generally quite rewarding.

In a nutshell: Know when to test the waters and when to make a quick conquest.

2.


It’s a mini-nightmare: after a minute of feverish scribbling on your scratch paper during a Problem Solving question, you’ve arrived at an answer of 0.738 — and the closest answer choice is 45. You could start over, or guess and move on. Any way you cut it, the situation is painful. What’s true of dating is true on the GMAT: after you’ve invested significant time and energy (after all, 140 seconds is like 4 years in GMAT-time) it can be painful to let go, especially since there’s no partial credit.

If you know where you went wrong, and you can afford to sink another 20-30 seconds, go ahead. But if you fail to arrive at the answer, don’t let frustration affect your performance on the next question.

In a nutshell: Don’t carry emotional baggage from question to question.

3.


Maybe you thought you saw a sparkle, a hint of something in your first few seconds flirting with that coy CR question. But it’s gone now. After a long 180 seconds, you need to be decisive. Guess and move on. Don’t get hooked on those early, giddy feelings, when you’re certain you know how to tackle the question and the answer seems just around the corner. At the three-minute mark, you either have the answer or you don’t.

Don’t worry if this happens early on in your CAT. The “date” isn’t “ruined”! Your compatibility with the test will be built up over weeks (and even months) of studying. Relax and take each question as it comes. You’ll have ample opportunity to prove yourself.

In a nutshell: Keep your confidence and don’t be afraid to move on.

4.

Ever notice that those super-confident, flirtatious types always seem to be dating rockstars and models? It’s the same with the GMAT. People who perform exceptionally well often expect to score exceptionally well. They think of themselves as 700+ scorers before they even start. Whether they score a 630 or a 590 on their first CAT, they’re determined to close the gap between reality and their goals. And while this may be unrealistic in some cases, as long as this ambitious mentality doesn’t add extra stress, it can be quite galvanizing.

In a nutshell: Don’t settle for less than your best.

5.

When you’re out at a bar, sometimes you just need to take a deep breath, go up to that cute guy or girl, and start talking. The same is often true of GMAT math questions, especially those that involve spatial skills. You simply have to put your pen to paper and sketch it out, even if you’re not sure how to proceed. The very act of translating a question into visual terms can bring the solution to mind.

Here’s an example:

A piece of tape is marked in segments of one-fifth the length of the tape and also in segments of one-third the length of the tape. If the tape is then cut at each of these marks, what are the different lengths of the pieces of tape, in fractions of the original stretch of tape?

Stare at the words all you want, but there’s no substitute for translating this problem into a diagram. First, draw a piece of tape. You want to find some way to represent fifths and thirds in standard increments. Since the least common multiple of 5 and 3 is 15, make 15 points along the piece of tape. Then place a check or a star at every one-fifth or one-third along the piece of tape. Now imagine that the tape is cut at these points. The resulting pieces are 3/15 (which you can reduce to ⅕), 2/15, and 1/15.

In a nutshell: When in doubt, trust yourself to figure out the problem.

6.

Dating requires one to be attuned to a variety of non-verbal signals (body language, eye contact, etc.). On the GMAT too, you should look for hidden signals in the questions. Are there short cuts you can use? The Quant section in particular is tightly paced; you’ll need every second you can get at the end! Remember that each question you do not answer is one point off your final scaled score for the section.

See how quickly you can solve this problem:

A team won 40% of the first 30 games it played last year. The team then won 60% of its remaining games. If, over the course of the entire year, the team won 50% of the games in which it played, how many games did the team play?

Algebraic solution: .4(30) + .6(x) = .5(30 + x)
12 + .6x = 15 + .5x
0.1 x = 3
x = 30
Total games = 60

Here’s a 15-second solution for those who are attuned to “signs and signals”: 50 is half-way between 40 and 60, so the two parts of the season are equally weighted in the overall average. Therefore, the second part of the season must have been the same length as the first part. 30 games for the first plus 30 for the second equal a total of 60 games.

In a nutshell: Stay attuned for less-obvious ways to approach the situation at hand.

EdTech Blogs We Love: Dangerously Irrelevant, 21st Century Educational Technology and Learning, Hey Jude

May 13th, 2011

In this post, check out 3 more EdTech Blogs We Love!

1. Dangerously Irrelevant

Dangerously Irrelevant is written by Scott McLeod, J.D., Ph.D., an Associate Professor in the Educational Administration Program at Iowa State University. He directs the nation’s only academic center dedicated to the technology needs of school administrators. Dangerously Irrelevant is a great blog for teachers, administrators, and parents interested in issues surrounding educational technology. Dangerously Irrelevant is especially admirable for the way in which it manages to discuss high-level edtech issues without losing sight of how these new developments will affect students.

Check out posts like:

2. 21st Century Educational Technology and Learning

Michael Gorman, the blogger behind 21st Century Educational Technology and Learning, oversees the Integrated Solutions Block, a program in Indiana serving 1050 students integrating technology with core standards. 21st Century Educational Technology and Learning is particularly helpful for teachers looking for in-depth explorations of the ways in which various ed-tech resources can be used in the classroom. Gorman also posts intriguing opinion pieces about recent developments in the world of educational technology.

Check out posts like:

3. Hey Jude: Learning in an Online World

Hey Jude is written by Judy O’Connell, an educator and information professional. Hey Jude has informative, helpful blog posts about new developments in edtech tools and tips for classroom integration, as well as thought-provoking meditations on the challenges and advantages of embracing technology.

Check out posts like:

KnerdCasts: Meet Jonathan Hefter, CEO of Neverware

May 12th, 2011

In our “KnerdCast” series, we meet with entrepreneurs in NYC who are doing awesome things with technology. This week: a company that’s using powerful new hardware to keep older computers running and relevant. Check out the video wrap-up we made using Prezi; full interview text is below.

Meet Jonathan Hefter. He’s the 25-year-old founder and CEO of Neverware.

Never heard of him? Neither had anyone else for the year he was living in his parents’ basement building the Juicebox, a hardware product that can hook up to a huge network of old computers and get them up and running the latest software at modern speeds. And, it’s all at a tiny fraction of the cost of replacing those old computers individually. Needless to say, schools and businesses are excited – and so are we!

Read on for his thoughts on entrepreneurship, the NYC startup scene, and his physical and circumstantial resemblance to Mark Zuckerberg.

Knewton: Who are you?

Jonathan Hefter: I am the founder of Neverware. In my free time I enjoy skiing, snowboarding, and I volunteer as a firefighter. I really would encourage anybody who wants to use their time constructively to do so. I think there’s a lot of team-building lessons that you can take away from that.

We tracked you down through Twitter; we were surprised to see that you only had 36 followers. You’re pretty new to this “tweety” thing.

I’ve never really quite got social media. In fact, Neverware is known as New York’s antisocial startup. I still have no idea how to tweet. I’ll still ask around the office, like, “Hey guys I wanna put an exclamation point after somebody’s handle, does that still work?”

So why did you join now?

Well I guess before Neverware, I didn’t have much to say. I was sitting in a basement hacking away. I didn’t really feel like telling people that I was blowing my nose and the back of my head was itchy. What I’m unfortunately discovering is that twitter is in fact an effective way of communicating with large groups of people that are kind of interested in, amazingly interested in, following what you’re doing.

How would you describe what your company does in a tweet?

Neverware eliminates the need to ever throw out old computers.

Where do you see your company making an impact?

I see it making a dent anywhere the status quo or the current model of computing persists. Specifically in education, where we have a solution right now: simply buying new PC’s. I think that if you can offer [schools] something that’s not as complex, something that takes care of all the drudge work, it allows them to focus on really implementing new innovative solutions.

So you built the thing. How did you go about telling other people about it?

[Customers] care at the end of the day of what it means for them. And I think that was a very important lesson to me because it wasn’t until I was able to put everything together and really say, “Forget about parallel computing. Forget about remote processing. Here’s a box that you put on your network, and all your computers go really fast, and don’t need to be replaced.” It wasn’t until I reached that point that people cared, because it wasn’t until that point that it was relevant to people. And I think that my crash course in being an entrepreneur has been that single question of “this is great, why does it matter?”. Part of my basement experience was discovering the difference between a technology and a product.

Can you tell us a bit more about your time in the basement?

That was my life. That was my existence. I woke up, worked, worked ‘til I got tired, took a few breaks for fire calls in my department, but that was my reason for existing. And when I got tired, I went to sleep. And I’m pretty sure I started keeping some pretty weird sleeping hours. May have gained a few pounds, but, actually that’s not true. I forget to eat when I work hard; I actually lost a few pounds.

Bill Gates: garage. Mark Zuckerberg: dorm room. Jonathan Hefter: basement. Your thoughts?

It’s funny because almost like paying your dues. For a while I was actually testing the system out at a university, and I slept in the seediest motel I could find, because it was the cheapest. I’m part of that tradition of entrepreneurship, where you look around yourself, and even a place like here, at General Assembly, you’re surrounded by others who have paid their dues by pushing it far past what’s considered safe or sane.

So given your age, your Ivy League pedigree…the comparisons to Zuckerberg have gotta be out there, right?

(Laughs) People say that a lot. I get that comparison way too much. And I’m starting to fear that it’s largely physical. Jewish kids from the Northeast. Maybe there’s some kind of personality similarity.

What did your parents think you were going to do when you grew up?

I think my parents thought I’d have some sort of impact or be institutionalized. Or possibly one of those events would be followed by the other. And I qualify that by saying they didn’t know if it would be in a good way or not.

Why did you decide to stay in New York?

Initially we considered going out to California for the tech talent, but I think it’s really fantastic being in New York. I think we really stand out because there are really quite few New York startups in enterprise. Outside of Boxee, we’re the only guys making hardware. And I think it really lets you foster a close relationship with the rest of the community, being part of that small, focused crowd of startups, as opposed to being in Silicon Valley, where you’re the rule, as opposed to the exception.

Do you have a relationship with any other startups in the NY tech scene?

I think there’s this shared bond amongst NY founders. I think as much as the industry has developed, it’s still quite small. It’s a great feeling, walk into a room and seeing the same faces, and knowing that hey, these guys have been at it with us for the past few months. And it makes you feel a lot less lonely. In particular, a lot of my fellow companies in Dogpatch, Joe Eisenfeld and Peter Margolis of Jibe are especially guys I look up to in management. The guys from Spinback coached me a lot on sales. And just around GA, guys like Carter Cleveland from Artsy, Josh Weinstein from YouAre.TV. They’re definitely guys that I just kind of really enjoy going through the journey with. And Textingly and Food 52 have been kind of Dogpatch companions.

So now that you’ve gotten a taste of being a CEO, can you ever see yourself working for someone else?

It’s funny that I’m focusing so much on helping schools because I’ve never been very good with authority, and I think that’s a recurring theme of many entrepreneurs. It wasn’t ever a matter of disrespect as much as just seeing the world in my own way and not wanting to take someone else’s vision of the world at face value. Rather than take my vision and try to push it onto others, you tend to seek out people who share that vision, and work together.

What was the hardest part of your job five years ago? Six months ago?

Five years ago, I was a wide-eyed, naïve freshman in college not studying computers. I was actually studying finance at Wharton, so I’m glad that I’m not using any of that (laughs).

Six months ago, the hardest part was loneliness. It was the hardest part, but I wouldn’t say it was an unnecessary part. It was one of, if not, the most powerful experiences of my life. Especially as a founder, you go through it once, and at least for me, somewhere deep down, the knowledge that I touched, and I was on some level responsible for, every single part of the core technology really instilled me with the confidence that I can deal with anything that may come up.

What about now?

The scariest part is team-building. We have amazing technology, we have an amazing product, now, what we need are more amazing people.

What about in six months?

I see the hardest, and also best problem to have, in six months is scaling. How do you turn a roomful of idealistic, bright-eyed people into a large sales organization? Because part of making a universal solution is being able to hopefully cope with universal demand.

How do you spend your typical day?

I’m kind of transitioning from the point where I was doing a lot of the product work to a point where I’m trying to build an organization that’s going to do a lot of the product work [for me]. So right now, during the daytime hours, from 9 to 5, or in the startup world probably 10 am to 9pm, is kind of non-stop meetings, phone calls, answering emails, and then, kind of a lot of the grunt work for me is done. When everyone goes home, it’s quiet between 9pm and 3 or 4am.

Knewton is an education company. What’s your message to all the educators out there who might read this?

I’d say that at the very base of things, schools have a mission. That mission is to educate kids. Without disrupting the entire school, I think it is important that there are avenues and areas where schools can test out new technologies, because the fact is that if you’re a school that’s not embracing positive change, well, you’re gonna be outshone by a number of schools that are. And as much as schools are a place for kids to learn, I think it’s a place for educators to hone their skill and really learn what new methodology’s out there. The scariest concept to me is kids going to school and schools being the one place where kids have the least exposure to technology, rather than the most. When I was a kid, that’s where our computer was. The first place I saw a computer was in my school. Nowadays, many times, kids go to school, they put away the smartphone, they put away the laptops, and they pretty much put away pretty much everything that’s driving growth in our world.

K: We have to ask. Are you single?
JH: No comment. (Laughs) I am in a relationship with my startup.

You’ve done a fair amount of press and conferences at this point. Have you been recognized on the street yet?

No. I have not yet had to beat away the throngs of screaming girls with a stick. But it’s an issue I’m looking forward to. My mother still sends me girls she’d like to set me up with.

And time for our favorite segment: Two-word Word Association. We say a two-word phrase, and you reply with your own two-word phrase.

“Public schools.”

Don’t knock’em.

Zombie attack.

Road signs.

The Matrix.

Augmented reality.

Outsourcing production.

Early mistake.

Hiring friends.

Can’t fire.

Majority stake.

Medium rare.

Silicon Valley.

Closes at 1.

Neverware groupies.

Not existent.

Favorite memes.

Cigar guy.

Venture capital.

I’m Jonathan.

Biggest fear.

To be fair, my only weakness is bullets.

5 Awesome Companies That Grew Out of Business School

May 12th, 2011

One of the advantages of having so many opportunities in business school is that you get to decide what’s truly important to you — whether it’s organizing that sustainability conference, nailing that finance internship, or starting a business with your new classmates. Serial entrepreneur, Penelope Trunk (founder of Brazen Careerist) is just one of many people who have touted the benefits of student entrepreneurship (check out this article from a recent Kellogg grad on the advantages of getting a jumpstart on your venture).

Is entrepreneurship your ultimate goal? For some inspiration, check out the following companies that got their starts while their founders were still hitting the books.

1. Kembrel

Flash sales come in many varieties. Just as Gilt has its hold on luxury brands and Travel Zoo on vacations, Wharton-launched Kembrel has found a way to tap into the lucrative college-student market with flash sales on student-friendly items. Instead of martinis and oysters, you’ll find jeans, spring break reads, video games, and dorm decor. Founded by Wharton students Cherib Habib and Stephan Jacobs, the private shopping community connects students with the hottest emerging and established lifestyle brands. Students save big, and brands gain exposure.

Before Wharton, Habib founded a mobile phone accessory distributor and online retail store, puremobile.com–while Jacobs founded RealAcad, a nonprofit company devoted to providing support for entrepreneurs. After winning Wharton’s Business Plan Competition, Kembrel won the $3000 People’s Choice Award and later received press mentions from Mashable, Forbes, and TeenVogue, among others.

2. Finale Desserterie & Bakery

Founded by Paul Conforti, Kim Moore, and Kristen Kryzewski, Finale has been described as the “Robin Hood” of fine desserts, offering premium treats such as creme brulee and tiramisu at prices which even college students can afford. Many who have visited Harvard Square are familiar with the swanky dessert shop; few however are aware that the restaurant originated with the HBS Business Plan Contest.

Early in their HBS careers, the founding trio knew that they wanted to start a restaurant company; they quickly zeroed in on desserts as a possibility and spent the following year developing a formal business plan (motivated, in part, by the Business Plan Contest). Upon graduation, the three committed to their vision and even took on jobs as servers and shift supervisors at local restaurants like “The Cheesecake Factory” to gain knowledge of the inner-workings of the restaurant industry. (In the process, they set the unofficial record as the lowest paid graduates of HBS.) The hands-on experience paid off, however, and they soon closed a first round of financing of $750,000.

Within the first year of opening in 1998, Finale received rave reviews in Newsweek, Boston Globe, Boston Herald, Boston Phoenix, and Boston Magazine, among others. Today, Finale has expanded to include a second desserterie in Harvard Square and a third in Brookline’s Coolidge Corner. The plan is to expand throughout the New England region and then across the country.

3. New Leaders for New Schools

Another venture that emerged from the HBS Business Plan Contest is New Leaders for New Schools -- a national non-profit organization devoted to recruiting and training the next generation of urban public school leaders. New Leaders places their rigorously trained graduates as principals and other top administrators in urban public schools and provides them with ongoing support, networking opportunities, and a lifelong community after graduation. Participants are selected for “an unyielding belief and sense of urgency to ensure all students achieve academically at high levels,” among other qualities.

Founded by former McKinseyite Benjamin Fenton in 2000, New Leaders has impacted the lives of a quarter million students in 10 states. Locations include the Bay Area, Memphis, Charlotte, Milwaukee, Chicago, NYC, Newark, New Orleans, Washington D.C, and Baltimore.

4. Bump Technologies

It’s so ubiquitous you probably take it for granted by now: as the billionth application offered at Apple’s App Store and the eighth most popular free app of all time, Bump allows two smartphone users to bump their phones together to exchange contact information, photos, and other data. The process is simple: two people indicate on their respective screens what information they want to send to the other, receive a confirmation, then bump their phones together, and within seconds, the information is sent through a separate internet server to the other user. Recent developments include a Facebook and a PayPal application that allows users to “bump” money between accounts.

Winner of the 2009 New Venture Challenge at the University of Chicago Booth School of Business, Bump was conceived by David Lieb, a former employee of Texas Instruments who roped in his fellow TI employees Andy Huibers and Jake Mintz to form what is now called Bump Technologies. To date, the company  has been funded by startup incubator Y Combinator, Sequoia Capital, and other angel investors. Most recently, Bump received a $16 million round of financing led by Andressen Horowitz.

5. TicketLeap

This Wharton-launched venture provides a superior solution for online ticketing needs, covering all events, whether “big, free, or small.” It differentiates itself from a host of online ticketing options by offering deep social integration with Facebook and Twitter, extensive customization options, and a seamless user experience.

Users can set up an event registration page that matches the event’s personality and branding, create custom discount codes for certain customers, check-in guests with mobile phones and laptops, develop flexible payment schedules, and access ticket sale and patron data to determine patterns that will allow them to create more effective marketing strategies.

Meet the Video Team: Ian Parker, Multimedia Man

May 12th, 2011

In this post, meet Ian Parker, a member of the video and product team.

Name:

Ian Parker

Position:

Multimedia Man

What were you up to before you came to Knewton?

Freelance video production, producing British web TV, editing at a film company, teaching high school math

What part of your job do you enjoy most, or what’s the one accomplishment you’re most proud of?

I’m really happy with the way the Hack Day documentary turned out. I’m also proud of the video production pipeline behind our screencast + green screen videos.

What are you working on now?

Making preparations so our video platform can handle tons of content from 3rd party publishers.

Any hobbies, secret quirks, or talents?

I’m a big advocate for media literacy and DIY culture. Those interests led to me starting a fun side project called the Goddamn Cobras Collaborative with some friends. We think DIY is great, but DIO (Do It Ourselves) as a community is even better! We make videos, theater, food and throw events as a means of connecting techies, foodies, urban farmers, and other crafty people doing important things in the city.

What’s your favorite place or neighborhood in NYC?

Greenpoint in North Brooklyn. I’ve been there for almost 3 years now, and to me it has always felt like the whole neighborhood is one big hidden startup incubator (I like startups). It’s close enough to Manhattan’s energy but insular enough to keep me sane. But mainly it’s because of Peter Pan’s donuts.