Stories
MBA Entrepreneurship Team Attracts Angel Investors
October 2007
By Liz Warren-Pederson
From Idea to Reality
In July, GreenSun Energy, a startup venture launched by four Eller MBAs, announced the closing of an outside angel investment. The company is a turn-key solar developer for commercial-scale solar solutions.
“We entered the McGuire Entrepreneurship Program with the intent of taking our concept for GreenSun as far as possible,” says Mikel Chertudi, the company’s director of marketing. “We all wanted GreenSun to be an option for full-time employment after graduation. This investment is a great vote of confidence, and will provide us with the capital we need to pull together our first couple of projects.”
Top-Ranked MBA Entrepreneurship Program
The GreenSun outcome is just one path for MBAs who are interested in the Eller College’s top-ranked McGuire Entrepreneurship Program. Many students work to launch the concepts they developed in the program, but all learn to bring ideas to reality in any environment, including innovating from within an existing corporation.
The plan Chertudi and his teammates created allows business clients with electric utility costs exceeding $25,000 a year to "go solar" without investing hundreds of thousands to purchase a system. Instead, GreenSun's customers agree to a long-term purchase of electricity from The Onsite Solar Utility™ installed at their location — paying utility-comparable rates — and paying only for actual electricity produced.
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