WIRE (Wharton Investment Resource Exchange)

 

The Wharton Club of New York has established the WIRE (Wharton Club of New York Investment Resource Exchange) to provide a comprehensive and effective capital resources clearinghouse for Wharton Entrepreneurs and Investors. The committee consists of four different groups of interest, The Wharton Alumni Business Plan Competition (WBPC), The WCNY Venture Capital/Private Equity network and WCNY Special Investment Situations.

The Wharton Alumni Business Plan Competition (WBPC) is designed to foster innovation and entrepreneurship throughout the Wharton alumni community and to reward promising early-stage business ventures. The WBPC is an annual competition which awards prizes of cash and in-kind services to winners in addition to highly valuable exposure to the WCNY community who represent potential partners, customers, investors, etc. Past judges for the event have been:
 
  • Executive Vice President of Development & Acquisitions, Beowulf Energy
  • Partner, Rho Ventures
  • Co-Founder, VAULT.com
  • Senior VP, New York City Investment Fund (NYCIF)
  • Principal, DFJ Gotham Ventures
  • Founder and Managing Partner, WEG Family LLC

The competition is open to teams with at least one member who is a member of the WCNY. The inaugural WBPC was held in the Spring of 2009 with the winner selected from 27 entrants. The winners of the 2nd annual WBPC will be announced in April 2010.

The Wharton Investment Network (WIN) is a transaction-focused organization within the Wharton Club of New York (WCNY). The Wharton Investment Network (WIN) exists to facilitate transactions between Wharton-affiliated Private Equity and late stage Venture Capital professionals and Wharton-affiliated companies seeking capital by hosting investment forums on a periodic basis. In addition, WIN maintains a data room of investment opportunities that can be accessed at any time. The goal is to provide investors with access to a pool of candidates for investment while making the funding process much more efficient and streamlined for both sides. WIN is inviting companies that are beyond the start-up phase and are in search of traditional venture capital/private equity investment and investment professionals to participate in this group.

The WCNY Special Investment Situations (WSIS) will focus on transactions that are distressed or in need of turnaround management, companies looking for and investors looking to provide mezzanine debt or any other transaction falling outside the other areas.

We are obviously very excited to provide the Wharton Alumni community with a unique opportunity where investors and capital seekers can come together on a single platform. We are continuously looking for WCNY members who have an interest in becoming actively involved in the organizations, either as a volunteer, investor (angel or institutional), entrepreneur, and otherwise. If you are interested, please look for the link on the WCNY website or email WIN@whartonny.com.

Please note the sub-group and the type of role you are interested in - investor, volunteer, or you are seeking funding. We believe the WIRE will become a pre-eminent source of deal flow and we look forward to the Wharton community's support in creating a world class group.