With The Garage, it’s easier than ever for Northwestern students to attempt their own entrepreneurial endeavors. But for those who are actually serious about their startup, there is one crucial component that cannot be divorced from business: the legal aspect. It may not be the most fascinating aspect, but one that is nonetheless relevant. Knowing these crucial bits of information may save you from an immense amount of pain in the future and allow you to focus on what you’re genuinely interested in — your startup — when you are not entangled in legal matters. This series aims to help clarify the nebulous and complex process of navigating legal matters for college entrepreneurs who hope to go further with their startup.
With a third of the nation’s venture capital funding being funneled into the region and thousands of startups calling it home, Silicon Valley has caused countries around the world scrambling to reproduce the hub’s culture for their own. Today, France, a country that has long attracted intellectual innovators, hopes to do the same. Emmanuel Macron, its current president, has called for France to “be a startup nation.”
What does the word “startup” mean to you? When the word entrepreneurship is mentioned, the lofty, high-growth startups and culture of Silicon Valley often come to mind . The most prominent stereotype is of the venture-backed tech companies that focus on scaling rapidly, increasing users, and are not generating “real” revenue.
Three of Northwestern’s startup organizations, EPIC, Zcruit and EatPakd, won Entrepreneurship Club of the Year and Outstanding Student Startups of the Year at the first annual EntrepreneurshipU Awards last Tuesday. Hosted at the Illinois Institute of Technology in Chicago, the awards were designed to “celebrate the spirit of entrepreneurship and innovation at Chicagoland universities."
Unbeknownst to the majority of people outside the agricultural industry, one in nine piglets will die from being crushed by its own mother. In 2015, these kinds of incidents led to 116 million piglet deaths, costing the pork industry an astonishing $8.9 billion.
When it comes to launching a startup in college, Northwestern sophomore Daniel Knight understands the struggle, having just launched his own app, Turnout, in September 2016. It's been tough.
The emerald canopy of leaves shimmers, sunlight reflecting off of it as if the leaves were iridescent fish scales. This vivacious display of nature sprouts forth from a bland concrete building, where obnoxious orange balconies jut forth, competing for attention with the icy glass windows.
Starting a business is no easy task. Starting one as a college student — while having to balance stresses of academics, a personal life and running a company with little to no experience — may feel downright impossible.
“We should start a revolution called the Boba Revolution.” Leo Hsieh, a junior, said, in response to MAK’s boba ban. He is one of many who is frustrated at the new ban that MAK has imposed this school year.