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Noelle Nguyen’s
AmericanLoveAffair
               +S. Paul Do II
                   Dat
                        Dietzel
                 Varun Khanna
                  Srinivas Rao
                David Rosendahl
launchmag.co                      SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 1
S atu rd ay, M arc h 31 , 2 0 1 2
                                 BSCHOOL.PEPPERDINE.EDU/BPLAN



2 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012                 launchmag.co
LAUNCH!                                                                CO N TE NT S
 LAUNCH! Magazine celebrates the creativity,
                                                 16
 dedication to responsible business practice
 and entrepreneurial spirit of students and
 alumni at Pepperdine University’s Graziadio
 School of Business and Management,
 principles fundamental to its mission and
 that the school and its faculty have
 embraced and actively advanced for more
 than 40 years.

 PUBLISHED BY GRAZIADIO SCHOOL OF
 BUSINESS AND MANAGEMENT                         ARE YOU READY TO GO FROM EMPLOYEE TO FULL-TIME
 © 2012 PEPPERDINE UNIVERSITY                    ENTREPRENEUR?

 DEAN:
 LINDA A. LIVINGSTONE, PH.D.                   ENTREPRENEURS
 ENTREPRENEURSHIP PROGRAM:
 Larry Cox, Ph.D.

 PUBLISHING EDITOR:
 Dianne King

 EDITOR:
 F. Douglass Gore III
                                               4                                           8                   10
                                               S. PAUL DIETZEL II   VARUN KHANNA               SRINIVAS RAO
 EDITORIAL ASSISTANCE:                         Anedot               Vedanic.                   BlogCastFM
 Jaime Quigley

 PROFILES:
 Amy Biemiller
                                                                                                                    18
 Lightstream                                                                                                        THE SHORT

                                                                                                               14
                                                                                                                    LIST
 CONTRIBUTING PHOTOGRAPHY:
 Leroy Hamilton                                                  6 10
                                                                    NOELLE NGUYEN
 Shutterstock.com                              DAT DO                                          DAVID ROSENDAHL
                                               Derivatas, Inc.      American Love Affair       MindFire Inc.



launchmag.co                                                                           SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 3
ENTREPRENEUR

                                                  S. PAUL DIETZEL II
                                                  Anedot



                                                  A
                                                          s most non-profit organizations know, the
                                                          number of people who give is directly
                                                          correlated with the ease of giving . Because
                                                  today’s consumers are used to managing bills and
                                                  making payments electronically, they expect that
                                                  same utility when they want to make regular
                                                  donations to a church or synagogue, support a
                                                  local charitable event, or give to a cause that
                                                  interests them.

                                                  But it’s not always easy for charitable
                                                  organizations to initiate and manage an electronic
                                                  system to streamline giving. And when it comes
                                                  to using electronic systems at temporary locations
                                                  —say, a park for a fun run or multiple city sites for
                                                  campaign events – the challenge only increases.

                                                  “I worked with many clients who were finding it
                                                  more and more difficult to effectively provide
                                                  donors with an easy way to give at public events.
                                                  I wanted to come up with an antidote for this
                                                  problem,” says Paul Dietzel (MBA ’11), who
                                                  developed Anedot in 2010.

                                                  By harnessing software as a service, Dietzel
                                                  devised a way for organizations to collect
                                                  donations, organize information and streamline
                                                  fundraising without having to install a server or
                                                  software.



4 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012                                  launchmag.co
“Anedot is focused on the entire fundraising           Key in that evolution have been a few important
                                                 process and equips organizations with a powerful,      mentors.
S. PAUL DIETZEL II, MBA ‘11                      easy-to- use and intuitive web-based application
                                                                                                        “I found early in my experience working on my
                                                 that allows them to accept donations through any
 Company Name:                                                                                          MBA at Pepperdine’s Graziadio School of Business
                                                 modern web browser or mobile smartphone,” he
   Anedot                                                                                               and Management that the professors were a real
                                                 says.
 Company URL:                                                                                           source for ideas and inspiration,” he says. In fact,
   www.anedot.com                                “Business is going great. We’re signing new clients    those lessons-learned still guide him in his business
 Location:                                       each day,” says Dietzel, fresh from a roadshow         development strategy today.
    Baton Rouge, LA                              demonstrating Anedot’s potential to help
                                                                                                        “Professor Larry Bumgardner’s Business Law class
 Mission:                                        politicians running primary campaigns.
   Optimize donations everywhere.                                                                       has helped shape my business decisions from a
 Business Idea:                                  Dietzel, a long-time entrepreneur, is used to acting   legal and ethical perspective. Professor Augus
   Use Software as a Service to help political   on inspiration. “I started my first business while in   Harjoto commanded focus on the meaning of
   campaigns, nonprofits, and other               high school and have never worked for a company        financial data instead of just making the numbers
   organizations efficiently collect
   donations.                                    as an employee,” he says.                              line up. Professor Larry Cox revived my inner
 Problem Set Out to Solve:                                                                              imagination and reawakened the part of me that
    The more difficult it is to do something,     “I love the adventure and the challenge of
                                                                                                        can stare into the world, see problems and then
    the less likely people are to do it: we      entrepreneurship, the ever-changing environment,
                                                                                                        come up with business solutions,” he continues.
    make it easy to give.                        the journey,” he says. “I enjoy helping people and
 Target Customer:                                showing people how they can become more                Another professor who has had distinctive
    Political campaigns, non-profits,             efficient by using technology.”                         influence on Dietzel has been Kyle Murphy, whose
    faith-based organizations, causes, and                                                              Strategy class, with its emphasis on real-world best
    individuals who want to raise funds on
    either Facebook, a website or a mobile       While Dietzel feels he was born for the challenge      practices, was inspirational. “He has since become
    phone.                                       of entrepreneurship, he also sees it as something      an advisory board member of Anedot and gives
 Year Founded:                                   that continues to shape him as a person.               great insight into my decisions with the company,”
   2011                                                                                                 he says.
                                                                            “I am still very much
 Avg. Annual Revenue:
                                                                            evolving as an              Dietzel derives great satisfaction in encouraging
   Confidential
                                                                            individual. I learn so      other would-be entrepreneurs by sharing his own
 Number of Employees:                                                                                   experiences.
                                                                            much every day.
   7 employees
                                                                            I have made hundreds        “Never give up and never take no for an answer,”
                                                                            of mistakes along the       he says. “If someone tells you that something isn’t
                                                                            way and will most likely    possible, it’s only because they haven’t found the
                                                                            continue to make            possibility yet. As an entrepreneur, it’s our duty to
                                                                            mistakes, but I try to      create that possibility.” 
                                                                            learn from each one
                                                                            and improve,” he says.



launchmag.co                                                                                     SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 5
ENTREPRENEUR                                                       DAT DO, MBA ‘05



DAT DO
Derivatas, Inc.
                                                                    Company Name:
                                                                      Derivatas, Inc.
                                                                    Company URL:
                                                                      www.derivatas.com
                                                                    Location:
                                                                       Los Angeles, CA




D
           at Do (MBA ‘05) was successfully
                                                                    Mission:
           applying his skill as a valuation specialist/financial
                                                                       Provide our customers with
           engineer at PricewaterhouseCoopers (PwC) in Los             sophisticated, standardized valuation
           Angeles, when two “a-ha” moments presented                  tools and market insights that help
themselves. First, he and some colleagues discussed the                improve decision making for company
possibility of turning certain types of valuation                      management and investors.
methodologies into an efficient, affordable standardized             Business Idea:
valuation process.                                                    Provide valuation software to solve
                                                                      complex valuation issues for
“I suggested that the firm invest in developing software that          privately-held companies that are
would perform these complex valuation calculations,” says             backed by venture capital and private
Do. “While many people thought it was a great idea, it never          equity.
materialized because software development wasn’t                    Problem Set Out to Solve:
considered a core business of a Big Four.”                             Startups need an effective and
                                                                       cost-efficient way to perform
                                                                       valuations.
                                                                    Target Customer:
                                                                       Venture capitalists, private equity firms,
                                                                       valuation firms, audit firms, and
                                                                       privately-held companies.
                                                                    Year Founded:
                                                                       2011
                                                                    Avg. Annual Revenue:
                                                                      Confidential
                                                                    Number of Employees:
                                                                      Three, plus a dozen software engineers
                                                                      when engaged in product develop-
                                                                      ment.




6 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012                                            launchmag.co
Dat Do
Second, an important client had a misvaluation,        Supported by a cadre of trusted software develop-      Entrepreneurship agrees with Do, stimulating
whereby management unknowingly underpriced             ers, Do marshaled the idea through the Beta            creativity and relationships building.
the company’s new financing round.                      testing stage and then to release in December.         “So far, it’s been a great experience,” he says. “My
“When the misvaluation happened, I thought this        “I’ve been delighted by the market traction we’ve      flexible schedule allows me to pick up my 5-year
was probably a more common problem than most           gained,” says Do. “We have a good virtual pipeline     old son from kindergarten every day. Then I get to
people realize . Appropriate valuation models help     of clients and there’s enthusiasm in the market        help him with his homework for about an hour or
to effectively determine the price of a future fi-      place for our software platform.”                      so. It’s special to me because it’s a good bonding
nancing round,” he says. “What was needed was a                                                               time for us.”
                                                       While the software offering is meeting market
robust software platform at a reasonable cost that                                                            Also special to Do is the newfound freedom to
                                                       needs today, Do is already looking to the next
would meet the needs of an underserved market.”                                                               dream, which entrepreneurship has provided.
                                                       challenge.
As would be expected of a financial analyst                                                                    “I get to dream freely and to dream big,” he says.
                                                       “We plan to raise another round of financing from
schooled in careful decision making, Do consulted                                                             “My software engineers keep reminding us that
                                                       private investors in 2012. Part of the proceeds will
with several PwC colleagues whom he trusted and                                                               there’s no limitation to what software can do. So
                                                       be used toward expanding our sales/marketing
respected before making the ultimate decision to                                                              as long as we can imagine it and conceptualize it,
                                                       team. We also want to invest further in product
leave the corporate world to pursue entrepreneur-                                                             it can be coded into software. How great would it
                                                       development by adding features and functions
ship.                                                                                                         be if everyone could have a period of uninhibited
                                                       that will help our clients achieve even greater
“I loved working at PwC because of the caliber         efficiency,” he says.                                   dreaming at some point during their career? Just
of people I was surrounded with as well as the                                                                imagine how much innovation would result from
opportunity to work on interesting projects,” says                                                            that!” 
Do. “But this is a special situation in which I felt
that the innovative business idea could be better
executed as a startup.”

Armed with guidance and support from his
colleagues, and a round of angel funding, Do
launched Derivatas and stepped up to his first
challenge: software development.

“I quickly came to the realization that I’ve taken
software for granted for so many years,” he says.
“Building software has to be one of the most
difficult things you can do. You literally have to
consider every possible scenario or permutation
of users’ requirements as you design a software
platform. So before you start coding, you have to
exhaustively map out all possible outcomes. Not a
task to be taken lightly!”


launchmag.co                                                                                            SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 7
ENTREPRENEUR


VARUN KHANNA
Vedanic.

                                                    W
                                                                 hen you measure popular opinion
                                                                 against personal experience, you
                                                                 may just come up with a new
                                                                 business.

                                                    That was exactly what happened when Varun
                                                    Khanna (MBA ’12) compared what he knew
                                                    about herbal skincare with what he was
                                                    witnessing in the marketplace.

                                                    “As a reseller of high-end herbal bath, body, and
                                                    beauty products from India for several years,
                                                    I compared my products to those from other
                                                    companies purporting to be ‘herbal’ and found
                                                    they were using parabens, sulphates, and more




8 LAUNCH! MAGAZINE| ISSUE NO. 5 SPRING 2012
8 || LAUNCH! MAGAZINE| ISSUE NO. 5 || SPRING 2012                                      launchmag.co
than 200 other chemicals that essentially are          and done in an ECOCERT (one of the highest
banned in many parts of the world,” he says. “It       standard of organic and natural certifications
was time to launch a responsible line of herbal        in the world) laboratories under strict FDA-ap-      VARUN KHANNA, MBA ‘12
skincare that used India’s ancient ayurvedic           proved quality control.
formulations of organic, natural, and herbal                                                                 Company Name:
                                                       The formula for Vedandic resonates with the             Vedanic
ingredients.”
                                                       company’s target audience – those who pay
                                                                                                             Company URL:
Khanna’s business instinct has been as sharp as        careful attention to what they eat, wear, drink
                                                                                                               www.vedanic.com
his product knowledge. Topical skin care is a          and drive and who put a value on themselves
multi-billion dollar industry, with skin care the      and the environment.                                  Location:
                                                                                                                Culver City, CA
most important category in the global beauty
                                                       “We are proud of our products. They stand up
market. Yet even with plenty of like-minded                                                                  Mission:
                                                       to the test. In the end the customer decides            Establish an organic skincare line in the ma-
entrepreneurs moving quickly into the category,
                                                       whether the product deserves their hard earned          ture bath, body and beauty market.
Khanna researched for 18 months before he
                                                       money,” says Khanna.
launched Vedanic.                                                                                            Business Idea:
                                                       Vedanic products are available online, and              Develop a high-end skincare line using India’s
“Typical manufacturers will spend all their                                                                    ancient ayurvedic formulations of organic,
                                                       Khanna has his eye on expanding the brand
money rushing their product into the market-                                                                   natural and herbal ingredients.
                                                       footprint. “The next challenge is marketing,” he
place, yet will not consider that the ingredients                                                            Problem Set Out to Solve:
                                                       says. “We need to establish our brand in the ma-
are actually harmful to the skin,” he says.                                                                     Many common skincare formulations contain
                                                       ture bath, body and beauty market,” he says. To
                                                                                                                chemical that are damaging to the skin.
Taking the time to develop the line correctly is       that end, he has launched a niche target market
one of the distinctions of the brand. The other        online ad campaign. Very shortly, Vedanic will        Target Customer:
is operating with the courage of Khanna’s larger                                                                Adults who are serious about all-natural skin-
                                                       be advertised on Sony TV nationally, and a high-
                                                                                                                care and value the environment.
convictions of responsibility and staying true         end spa campaign will follow.
to the origin of the company name. ‘Veda’ is                                                                 Year Founded:
                                                       As a consummate entrepreneur (he started his             2012
Sanskrit for ‘science’ and ‘nic’ is part of the word
                                                       first business at age 11), Khanna’s experience
‘organic. (Sanskrit for organic science)                                                                     Avg. Annual Revenue:
                                                       has both informed his personality and delivered
                                                                                                               Confidential
“It was important to me, not only to                   a feeling of success.
                                                                                                             Number of Employees:
manufacture products that were produced with
                                                       “Entrepreneurship gives me deep satisfaction,”          Two co-founders
premium, handpicked herbal ingredients, but
                                                       he says. “Being an entrepreneur gives me a
also to ensure the entire supply chain was held
                                                       sense of ownership, responsibility and account-
to higher standards,” he says. At Vedanic,
                                                       ability, all of which help me be a better father,
manufacturing and packaging is achieved using
                                                       son, brother and husband.” 
fair trade practice which prohibits child labor,




launchmag.co                                                                                         SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 9
ENTREPRENEUR


                                                   NOELLE NGUYEN
                                                   American Love Affair®



                                                   W
                                                                here is the crossroads of fashion,
                                                                business, and a sense of patriotism?
                                                                One intersection is American Love
                                                                Affair®, a company recently
                                                   founded by Noelle Nguyen (Presidents and Key
                                                   Executives MBA ’12). While the company itself is
                                                   new, the genesis of the idea spans Nguyen’s
                                                   formative years outside the United States.

                                                   Born in Vietnam, Nguyen and her mother fled
                                                   the country after the fall of Saigon and spent a
                                                   harrowing two weeks at sea before landing in
                                                   Thailand. They lived in a refugee camp for two
                                                   years where Nguyen first came into contact with
                                                   Americans. “I looked forward to the days when
                                                   members of the American Red Cross and the
                                                   Salvation Army came to our camp and brought us
                                                   food and clothing,” she says.

                                                   That early experience was soon followed by other
                                                   American influences in her life, including church
                                                   members who sponsored her and her family when
                                                   they immigrated to Maryland. “I’ve developed
                                                   an unwavering appreciation for Americans, and
                                                   an allegiance to the country I’ve called home for
                                                   more than two decades,” she says.

                                                   Today, Nguyen focuses that appreciation into a
                                                   passion for designing, developing, manufactur-
                                                   ing, and marketing American-made apparel and
                                                   related products. The American Love Affair site
                                                   sells only American-made brands.


10 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012                                launchmag.co
NOELLE NGUYEN, PKE MBA ‘12                    “We scoured the market and found a few                She also counsels students to take advantage of
                                              hundred companies that manufacture in the             the experience and advice of Graziadio
 Company Name:                                United States. We are highlighting about 50 of        professors and advisors. “They inspired me every
   American Love Affair, LLC                  them in our launch,” she explains.                    day with their knowledge and intellect.
 Company URL:                                                                                       Understanding how they think allowed me to
                                              Entrepreneurship has given Nguyen an even
   www.AmericanLoveAffairOnline.com                                                                 stretch my own thinking,” she says.
                                              greater appreciation of the American business
 Location:                                    system. “You are free to take a risk and you have     The driving motivation behind Nguyen’s business
    Los Angeles, CA                                                                                 is seeing four simple words—MADE IN THE USA—
                                              an opportunity to earn a return on your
 Mission:                                     investment,” she continues. “This is clearly not a    show up on more clothing labels. While she says
   One e-commerce destination                 freedom that many others around the world             the mission of the company is to create stylish
   from which to purchase expertly crafted                                                          and superbly constructed clothing, the company’s
                                              experience. In America, with hard work and
   American-made fashion and consumer
                                              average intelligence you have a reasonable            vision is to remind people to “fall in love again
   products.
                                              chance at success.”                                   with all things that are uniquely American, be it
 Business Idea:                                                                                     country, community, or, perhaps, fashion.”
   Design and market American-made apparel;   While Nguyen has embraced the freedom of
   provide a commerce platform for other                                                            Nguyen’s experiences, particularly during her
                                              working for herself, she says that structure is
   American brands.                                                                                 escape from Vietnam, her time in the refugee
                                              critically important for aspiring entrepreneurs.
 Problem Set Out to Solve:                                                                          camp, and her early years in the United State,
                                              She advises current Pepperdine students who are
    A nationwide loss of pride in                                                                   have shaped this vision for her company. “From
                                              interested in entrepreneurship “not to fly by the
    American-made products.                                                                         these experiences I have developed an
                                              seat of your pants.” Instead, they should make a
 Target Customer:                                                                                   appreciation that may be difficult for someone
                                              plan. “
    Those who support American                                                                      who has never lived beyond the boundaries,
    manufacturing and would like to           You must force yourself to adopt some level of        safety, and charity of this country to fathom,” she
    promote the prominence of                 structure and planning while still                    says. “The greatest compliment I could be paid is
    the “Made in the U.S.A.” label.
                                              maintaining the flexibility and instincts to respond   to be called a patriot—one who is pro-American
 Year Founded:                                to a changing environment,” Nguyen advises.           and defends its greatness.” 
    2012 (e-commerce division)
 Avg. Annual Revenue:
   Confidential
 Number of Employees:
   12 (e-commerce division)




launchmag.co                                                                                SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 11
ENTREPRENEUR


SRINIVAS RAO
BlogCastFM



W
              hile the blogosphere may sometimes be called the next great
              frontier, it is one that is already well populated. According
              to internet search engine Technorati, in 2011 there were 164
              million blogs. This is the audience that Srinivas Rao (MBA
‘09) successfully caters to.

“Bloggers come from all walks of life. The one thing they all have in
common is a desire to build something they can call their own,” he says.

To help them do that, Rao conducts one-on-one interviews with the best
minds in the blogosphere, best-selling authors, and successful
entrepreneurs, and podcasts them via his BlogCastFM brand. He has
interviewed A-list bloggers like Marcus Sheridan about creating
interesting content; Danny Brown about standing out in the blogosphere;
and Gini Dietrich about getting on the radar of mainstream media.

“I get to connect with amazing people who have interesting stories,” he
says.

But Rao is quite the interesting blogger himself. He started his blog, The
Skool of Life, in 2009 and has over 3,000 subscribers. Followers describe
his posts as unconventional, adventurous, intelligent and inspiring. Rao
will tell you that he is simply sharing his experiences, struggles, and
lessons learned in an effort to help others.

In his search to make his blog better and more informative, he asked
questions—lots of them—of those who were already making a success in
the blogosphere. It was this experience that led him to start BlogCastFM.

“I started a weekly series on my blog called Interviews With
Up-and-Coming Bloggers. After about 13 interviews, one of the guys I
interviewed suggested that I start a separate site focused solely on
interviews,” he explains.




12 || LAUNCH! MAGAZINE| ISSUE NO. 5 || SPRING 2012
12 LAUNCH! MAGAZINE| ISSUE NO. 5 SPRING 2012                                  launchmag.co
SRINIVAS RAO, MBA ‘09
   Company Name:
     BlogCastFM
   Company URL:
     blogcastfm.com
   Location:
      Los Angeles, CA
   Mission:
     Turn BlogCastFM into a full-blown media
     empire
   Business Idea:
     Leverage experience blogging to help
     other bloggers grow their business
   Problem Set Out to Solve:
      Share blogging success tips from A-list blog-   Now with hundreds of interviews logged and an        two hands because you actually see the impact
      gers with millions of bloggers world-wide.
                                                      average of 30,000 downloads each month,              of your work,” he says. “I didn’t always know
   Target Customer:                                   BlogCastFM is fast approaching Rao’s goal of         where my next check was coming from or if it
      Internet marketers, entrepreneurs, small        media empire status.                                 was coming at all, but I learned exactly how
      business owners, and bloggers
                                                                                                           valuable my time is.”
                                                      While the business has yet to provided Rao with
   Year Founded:
                                                      a consistent income, it has provided him much        Rao advises current MBA students to consider
      2010
                                                      satisfaction in the things that make him happy.      the extra opportunities graduate school provides
   Avg. Annual Revenue:
                                                                                                           to hone entrepreneurial skills.
     Confidential                                      “Even though it hasn’t necessarily been super
                                                      lucrative financially, it’s opened up a wide array   “If all you do is go to class and do what’s re-
                                                      of interesting opportunities. I’ve been able to      quired of you, then you’re missing out on the
                                                      speak at conferences, meet and interview             MBA experience,” he says. “The great thing
                                                      best-selling authors, and even live abroad six       about being a student is that you have tons of
                                                      months rent-free,” he says.                          time available and less of a need to make money
                                                                                                           right away. Use that time wisely.”
                                                      That excursion aboard was to Costa Rico, where
                                                      he was able to pursue his other passion —surf-       One of the best ways Rao made use of his time
                                                      ing—which served to fuel his creative fire. That     was in network building.
                                                      adventure also provided the freedom he craved,
                                                                                                           “When you’re in school anybody will talk to you
                                                      and the focus he needed to build BlogCastFM
                                                                                                           because you’re a student. Do as many
                                                      into a brand.
                                                                                                           informational interviews as you can and in this
                                                      “I think there’s something incredibly fulfill-       way you’ll build your network before you need
                                                      ing about building something with your own           it,” he advises. 


lla u n c h m a g ..c o
  aunchmag co                                                                                      SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 13
ENTREPRENEUR

DAVID ROSENDAHL
MindFire Inc.



F
       or David Rosendahl (BSM ’05), entrepre-
       neurship has been a calling to work with
       creative people in order to help others
       solve business problems.

“I was involved in founding a startup around age
18, and from that time, I was bitten by the bug,”
he says. “I’m not sure I chose entrepreneurship —
sometimes I feel like it has chosen me.”

In the late 90s, he surrounded himself with
designers, engineers and marketing experts and
founded an Internet service provider that offered
Internet access, email service and web market-
ing. When that company was acquired, he leaped
into web-based software, developing products
for small businesses. Then in 1999, he took up
the challenge to help marketers synchronize their
direct mail campaigns with the Internet.

14 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012    launchmag.co
“When my partner Moe Farsheed and I decided to       Rosendahl’s entrepreneurial success has not been         DAVID ROSENDAHL, BSM ‘05
start MindFire, we didn’t have a specific             without challenges. “Learning to cope with my
technology idea. We just wanted to help                                                                        Company Name:
                                                     own weaknesses and delegate to those who have
                                                                                                                 MindFire Inc.
marketers bring buyers and sellers together in       complementary strength has been a learning
more meaningful ways,” he says.                                                                                Company URL:
                                                     process,” he says. “Also, learning to take time
                                                                                                                 www.mindfireinc.com
Key to getting their idea off the ground was         away from the business (like vacation) has been
                                                     hard. Only in the past few years have I been able         Location:
carefully listening to what really was a problem
                                                                                                                  Irvine, CA
for marketers: managing and tracking the results     to do this successfully. I think I’m a recovering
of cross-media campaigns.                            work-a-holic.”                                            Mission:
                                                                                                                 Enable our clients to successfully leverage
“While meeting with a marketing agency and a         Another challenge has been learning to manage               multi-channel marketing, improve their ROI
large bank’s marketing team, I realized that         conflict properly – an issue most business people            and take the guess-work out of what works
marketers needed help, but were severely             can relate to. Rather than shy away from conflict,           through analytics.
hamstrung by technology, obstacles, and a            Rosendahl approaches those situations expecting           Business Idea:
dizzying array of options. They needed a simple      to benefit from them.                                        Personalized cross-media marketing
solution to help them make sense of their off-line                                                               solutions.
                                                     “I’ve learned that success in life is directly
and on-line marketing,” he explains.                 correlated with the number of uncomfortable               Problem Set Out to Solve:
                                                                                                                 It is very difficult for marketers to use the
Rosendahl and Farsheed started work on that          conversations you’re willing to have. Whenever
                                                                                                                 variety of media available to them in a way
solution, which has become LookWho’sClicking,        I’m in a situation that requires an uncomfortable           that is orchestrated and intelligent.
the company’s flagship product. It automates the      conversation, I think of this maxim, and how true
                                                                                                               Target Customer:
creation and management of highly-effective          it has been to date,” he says.
                                                                                                                  Print and marketing service providers.
direct marketing campaigns using landing pages,      A key skill Rosendahl learned during his studies at       Year Founded:
personalized URLs, QR codes, SMS text messaging,     Pepperdine’s Graziadio School of Business                    1999
email, microsites, response tracking and more.       Management has also paid off in making his
                                                                                                               Avg. Annual Revenue:
“Today we have over 500 clients in 24 countries,     business a success. “As an entrepreneur, it                 Confidential
and we are the leading provider of personalized      sometimes feels like you’re the only one with
                                                                                                               Number of Employees:
URL and landing page technology to the world’s       challenges. I learned the value of speaking to
                                                                                                                 40
graphic arts and marketing communities,” he says.    as many people as possible about my goals and
                                                     aspirations in order to gain perspective,” he says.
Developing and retaining strong relationships
                                                     “I have found that more often than not, someone
with his business partners, vendors and clients is
                                                     else has been in a similar situation, and a good
key to his success, Rosendahl explains. “As I have
                                                     conversation can make a big difference.” 
gotten older I have realized how much business
is about relationships,” he says. “The relation-
ships we have developed with team members and
clients have been hugely rewarding.”



launchmag.co                                                                                      SPRING 2012 || ISSUE NO. 5 || LAUNCH! MAGAZINE || 15
                                                                                                  SPRING 2012 ISSUE NO. 5 LAUNCH! MAGAZINE 15
Are You Re ady To G o Fro m
                                                                    T
                                                                            he very idea of leaving the cube
                                                                            behind to become full-time
                                                                            entrepreneur can be exciting. But

    Em ploye e To Full-Time                                                 the grass is always greener on the
                                                                    other side, and while entrepreneurship has

            E ntrepre neur?                                         its benefits, there many things fledgling
                                                                    entrepreneurs should consider before
                                              BY NATHALIE LUSSIER   deciding to go it alone. If the lure of “firing
                                                                    your boss” is calling you, here are 10 things
                                                                    to ponder before you make the leap to




                                                                      1
                                                                    full-time entrepreneurship.

                                                                              YOU’RE THE MAN, OR NOT.
                                                                              If you want to become an
                                                                              entrepreneur because you don’t
                                                                              want to work for “the man”
                                                                    anymore, consider that working for
                                                                    yourself might mean working for a meaner
                                                                    boss. Also, when you take on clients and
                                                                    customers you end up working for more




                                                                     2
                                                                    than one person instead of just for yourself.

                                                                              UNDERSTAND YOUR OPTIONS.
                                                                              If you’re going to become a
                                                                              solo-preneur and go it alone,
                                                                              there are essentially three
                                                                    different types of businesses you need to be
                                                                    aware of, and any business can be a
                                                                    combination of these. You can either




                                                                      3
                                                                    provide a done-for-you service, a consulting
                                                                    service, or a product.

                                                                             START WITH A SERVICE
                                                                             BUSINESS.
                                                                             Until you build up enough of a
                                                                    customer base, you will likely be providing
                                                                    high end services. This is a good place to be
                                                                    because you are fine tuning your knowledge


16 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012                                               launchmag.co
and skills to be able to package them up
into more scalable product offerings down
the line. You’ll want to jump into fulltime
entrepreneurship before you get to the
                                                     7         THE STATE OF THE ECONOMY IS
                                                               NOT A JUSTIFICATION FOR OR
                                                               AGAINST ENTREPRENEURSHIP.
                                                               If you want to start a business, there
                                                                                                         you can’t take on more work than you can
                                                                                                         manage. Other times you’ll know you need to
                                                                                                         quit your job when your business becomes more
                                                                                                         profitable and motivating. 




 4
                                                    will never be a more perfect time than when
product phase.
                                                    you’re ready. Starting a business is the most
           PLAN TO SAVE MONEY.                      powerful force for personal development I’ve
          As you look at the best time to           ever experienced, so get ready for the ride of a




                                                      8
          leave your job, put together an           lifetime and don’t make excuses if you put it off.
          estimate of how much money you
                                                                BE A SPONGE.
need to bring in on a monthly basis to
                                                                Learn as much as you can before,
sustain your lifestyle. If it doesn’t seem
                                                                during, and after you start your
feasible, look for ways to scale back on your
                                                                business. It’s not necessary to go
spending. Start saving now so that you have
                                                    back to school or to spend years researching
a nest egg when you do leave your job. It
                                                    your idea and market. However, it is necessary to
always takes longer to become profitable
                                                    read books about business, you business




  5
than you might think.
                                                    industry, and marketing. It’s your job as the
           SURROUND YOURSELF WITH                   business owner to stay informed and to keep an
           OTHER LIKE-MINDED BUSINESS               open mind to new ideas and tools, because the




                                                     9
           OWNERS.                                  business landscape is constantly changing.           Nathalie Lussier got her Bachelors in Software
           It’s easy to stay in a job that isn’t                                                         Engineering then promptly turned down a “stable”
serving you if all of your friends are doing                  START ON THE SIDE.
                                                                                                         job on Wall Street to start her own online business.
the same thing. Instead, find yourself a group of             The best way to know if you can make
                                                                                                         She’s an online business triple threat who teaches
accountability buddies who are in a similar                   it as a business owner and if your
                                                                                                         people how to get techy with their business as a
situation to you, or a few steps ahead so they                ideas are viable is to start your
                                                                                                         digital consultant. Find Nathalie at nathalielussier.
can give you guidance as you navigate this new      business on the side. Check with your boss and
                                                                                                         com.
                                                    company policies before going ahead with the




 6
path in your career.
                                                    side business, and then hang your shingle up.        Courtesy of The Young Entrepreneur Council
            BE WILLING TO PIVOT.                    Watch what happens, how you feel, and who            About the YEC. The Young Entrepreneur Council




                                                    10
            As human beings we think we’ve got      responds to your offers.                             (YEC) is an invite-only nonprofit organization
            all the answers figured out. When it                                                         comprised of the world’s most promising young
            comes to business though, you need                     GET READY FOR GROWTH.
                                                                                                         entrepreneurs. The YEC promotes entrepreneurship
to be flexible and listen to the market and                        Once things start to take off for
                                                                                                         as a solution to unemployment and underemploy-
response. If you’re working your tail off trying                   you, you’ll need to make a choice
                                                                                                         ment and provides entrepreneurs with access to
to sell a product or service and it’s not giving                   as to whether you want to keep
                                                                                                         tools, mentorship, and resources that support each
you the returns you’re looking for, consider                       your business on the side or make
                                                                                                         stage of their business’s development and growth.
what your audience and market is spending           the leap to full time. Sometimes you need to
                                                                                                         theyec.org
money on. It’s possible that what you’re offering   leap before the income is there, simply because
just isn’t a good fit.
launchmag.co                                                                                    SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 17
THE SHORT LIST
American Love Affair             Business Simply Put                FCearth                           Layla                             Quantumsphere                     TrustyMax
AmericanLoveAffairOnline.com     www.businesssimplyput.             www.fcearth.com                   Singer/Songwriter/Fashionista;    www.qsinano.com                   www.go2socket.com
Denim and fashion apparel        com                                Eco-friendly, culturally          a music phenomenon                Nano catalysts and integrated     Maker of go2socket – grips
                                 Strategy and financial             informative soccer gear and       Darlene Kiloglu, MBA ‘11          catalytic solutions               bolts other sockets cannot
Noelle Nguyen, PKE MBA ’12
                                 management                         apparel                                                             Kevin Maloney, MBA ‘02            Tim Kim, MBA ‘10
Anedot                           Lori Williams, MBA ‘05             Jeff Rozic, MBA ‘06               LearnItByEar.com
anedot.com                                                                                            MP3 audio course-oriented         SG Biofuels, Inc.                 Vedanic
Optimizing the way we give       Capchure LLC                       Global4PL                         flashcards                        www.sgbiofuel.com                 www.vedanic.com
                                 www.capchuresystems.com            www.global-4pl.com                Brett Fisher, MBA ‘11 and         Jatropha as a low cost,           Premium organic & natural
Paul Dietzel, MBA/MPP ’11
                                 Advertising Network for Tech                                         Stephen Yeoh, MBA ‘11             sustainably produced oil
                                 Bloggers                           Supply chain solutions                                                                                skincare
Artful Gentleman                 Aaron Moskowitz, MBA ‘07           Sergio Retamal, MS ‘04                                              Kirk Haney, MBA ‘95               Varun Khanna, MBA ’12
www.artfulgentleman.com                                                                               Linked Orange County
Men’s fashion done better        EndPlay                            Global Wave                       Networking and business con-      Shadys                            Webventurous.com
                                 endplay.com                        globalwavegroup.com               nections                          www.shadys.com                    End-to-end web solutions
Jake Wall, MBA ‘08
                                 Web content management                                               Bryan Elliott, MBA ‘99            Custom branded canvas golf
                                                                    Financial technology                                                                                  Dhaval Doshi, MBA ‘09
                                 solutions                                                                                              cart coverings
Behind the Brand                                                    company
                                 Christos M. Cotsakos, MBA ‘83                                        Locaxion                          Jaime E. Parker, MBA ’99
behindthebrand.tv                                                   Zubin P. Mehta, MBA ‘06
Expert insight to grow your                                                                           www.airvuegolf.com
                                 DeJant Group Corp.                                                   GPS-enabled smart phone apps      Shark Bite Scuba
business                                                            identifiDesign
                                 www.dejant.com                                                                                         www.sharkbitescuba.com
Bryan Elliott, MBA ‘99                                              identifidesign.com                for golfers
                                                                                                                                        Maker of award-winning The
                                 Natural aphrodisiac drink          Taking brand communica-           Pratish Shah, EMBA ‘10
                                                                                                                                        Tank Dolly®
                                 Omid Semino, MBA                   tions to the next level
Beyond the Olive                                                                                                                        Kimberly Isaac, MBA ‘10
                                                                    Nick Norris, MBA ‘09              Lolay, Inc.
www.beyondtheolive.com
                                 Derivatas                                                            www.lolay.com
Premium retail olive oil                                                                                                                SkoolofLife.com
                                 www.derivatas.com                  Jobonomics.com                    Location-based mobile apps
products                                                                                                                                Personal Development
                                 Business valuation software        Empowering job seekers            Bardia Dejban, MBA ‘10
Crystal and Chip Reibel, MBA                                                                                                            Srinivas Rao, MBA 09
                                 Dat Do, MBA ’11 and Geoffroy       Sameer Gupta, MBA ‘09
‘09
                                 Dubuisson, MBA ’11                                                   LSR Lifestyle                     Smile Brands Inc.
                                                                    Jungo LLC                         www.lsrlifestyle.com
Bizible                                                                                                                                 www.smilebrands.com
                                 DermaShoppe                        jungotoys.com                     Wholesale cigar company           Support services to general and
bizible.com/Small-Business-
                                 www.dermashoppe.com                Flickerz - Flickable flying toy   Jordan Rockwell, MBA ‘10          multi-specialty dental groups
Marketing-SEO
                                 High-end, physician-dispensed      discs                                                               Steve Bilt, PKE MBA ’01
SaaS marketing for local
                                 skin care products                 Michael Cheshire, MBA ‘11         Markex Global
businesses
                                 Jimmy Nguyen, MBA ‘09 and                                            www.markexglobal.com              Sohve
Aaron Bird, MBA
                                 Patrick Leroy, MBA ‘09             Krav Maga Worldwide,              Strategetic international trade   www.solve.com
                                                                    Inc.                              Kasra Ferasat, MBA ‘10
Blindbid                                                                                                                                Strategic consulting
                                 DevDugal.com                       kravmag-kids.com
www.blindbid.com                                                                                                                        Nick Mitchell, EMBA ‘07
                                                                    Youth self defense                MindFire Inc.
Bid for leads instead of share   Business strategy advisor; The
                                                                    Matt Romond, MBA ‘12              www.mindfireinc.com
them                             Redwood Bar & Thirsty Pockets                                                                          Superhero Enterprises
Michael O’Hare, MBA ‘09          founder                                                              Personalized cross-media          www.superheroenterprises.com
                                                                    Kensel & Co                       marketing solutions
                                 Dev Dugal, MBA ‘04                                                                                     Character-based publishing and
                                                                    www.kenselandco.com               David Rosendahl, BSM, ’05
BlogcastFM.com                                                                                                                          merchandising
                                                                    Middle market investment
Proven social media advice       Docstoc.com                                                                                            Davien L. Watkins, BSM ‘08
                                                                    services
Srinivas Rao, MBA 09             Online document warehouse                                            Personal Care Physicians
                                                                    Brendon Kensel, MBA ‘00
                                 Jason Nazar, M.B.A ’05, J.D. ‘06                                     www.mypersonalcarephysi-          SwitchStream, LLC
                                                                                                      can.com                           www.switchstream.com
                                                                                                      Troy Medley, MBA ‘03              Management advisory services
                                                                                                                                        and venture investing
                                                                                                                                        Kyle C. Murphy, MBA ‘05




18 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012                                                                                                                              launchmag.co
launchmag.co
launchmag.co                  SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 19
ENTREPRENEUR’S JOURNEY
FAST PITCH COMPETITION
2012 FIRST PLACE WINNER

Diane Jenkins, MBA ‘12

“ I
        was preoccupied shopping one
        day. I had put my purse down for
        what I thought was a second. But
when I reached for it, it was gone. I had no
warning that someone had just stolen my
purse.

I have come up with a solution that I call
the Charm Alarm. It is a fashionable
bracelet with a charm that activates a
smart card that looks just like a credit card.

Put the card in your wallet and you can
go shopping and travelling with ease. The
moment these two are ten feet apart, the
bracelet will let out a beeping warning
sound. And when they are 15 feet apart it
will let out a high pitched shriek, which is
the perfect deterrent for any pickpocket or
thief. This security device works with and
complements jewelry lines such as Pandora
and Brighton. A variety of marketing will
include a website, infomercials,
magazine ads and retailers.

So take it from me, Diane Jenkins,
                                          “
with a Charm Alarm you are better
safe than sorry.




                                         6100 Center Drvie | Suite 400 | Los Angeles, CA 90045 | bschool.pepperdine.edu

20 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012
                                           © PEPPERDINE UNIVERSITY. All Rights Reserved. GSBM.DG.030312                   launchmag.co

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LAUNCH! Entrepreneur Magazine - Issue #5

  • 1. Noelle Nguyen’s AmericanLoveAffair +S. Paul Do II Dat Dietzel Varun Khanna Srinivas Rao David Rosendahl launchmag.co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 1
  • 2. S atu rd ay, M arc h 31 , 2 0 1 2 BSCHOOL.PEPPERDINE.EDU/BPLAN 2 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 launchmag.co
  • 3. LAUNCH! CO N TE NT S LAUNCH! Magazine celebrates the creativity, 16 dedication to responsible business practice and entrepreneurial spirit of students and alumni at Pepperdine University’s Graziadio School of Business and Management, principles fundamental to its mission and that the school and its faculty have embraced and actively advanced for more than 40 years. PUBLISHED BY GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT ARE YOU READY TO GO FROM EMPLOYEE TO FULL-TIME © 2012 PEPPERDINE UNIVERSITY ENTREPRENEUR? DEAN: LINDA A. LIVINGSTONE, PH.D. ENTREPRENEURS ENTREPRENEURSHIP PROGRAM: Larry Cox, Ph.D. PUBLISHING EDITOR: Dianne King EDITOR: F. Douglass Gore III 4 8 10 S. PAUL DIETZEL II VARUN KHANNA SRINIVAS RAO EDITORIAL ASSISTANCE: Anedot Vedanic. BlogCastFM Jaime Quigley PROFILES: Amy Biemiller 18 Lightstream THE SHORT 14 LIST CONTRIBUTING PHOTOGRAPHY: Leroy Hamilton 6 10 NOELLE NGUYEN Shutterstock.com DAT DO DAVID ROSENDAHL Derivatas, Inc. American Love Affair MindFire Inc. launchmag.co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 3
  • 4. ENTREPRENEUR S. PAUL DIETZEL II Anedot A s most non-profit organizations know, the number of people who give is directly correlated with the ease of giving . Because today’s consumers are used to managing bills and making payments electronically, they expect that same utility when they want to make regular donations to a church or synagogue, support a local charitable event, or give to a cause that interests them. But it’s not always easy for charitable organizations to initiate and manage an electronic system to streamline giving. And when it comes to using electronic systems at temporary locations —say, a park for a fun run or multiple city sites for campaign events – the challenge only increases. “I worked with many clients who were finding it more and more difficult to effectively provide donors with an easy way to give at public events. I wanted to come up with an antidote for this problem,” says Paul Dietzel (MBA ’11), who developed Anedot in 2010. By harnessing software as a service, Dietzel devised a way for organizations to collect donations, organize information and streamline fundraising without having to install a server or software. 4 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 launchmag.co
  • 5. “Anedot is focused on the entire fundraising Key in that evolution have been a few important process and equips organizations with a powerful, mentors. S. PAUL DIETZEL II, MBA ‘11 easy-to- use and intuitive web-based application “I found early in my experience working on my that allows them to accept donations through any Company Name: MBA at Pepperdine’s Graziadio School of Business modern web browser or mobile smartphone,” he Anedot and Management that the professors were a real says. Company URL: source for ideas and inspiration,” he says. In fact, www.anedot.com “Business is going great. We’re signing new clients those lessons-learned still guide him in his business Location: each day,” says Dietzel, fresh from a roadshow development strategy today. Baton Rouge, LA demonstrating Anedot’s potential to help “Professor Larry Bumgardner’s Business Law class Mission: politicians running primary campaigns. Optimize donations everywhere. has helped shape my business decisions from a Business Idea: Dietzel, a long-time entrepreneur, is used to acting legal and ethical perspective. Professor Augus Use Software as a Service to help political on inspiration. “I started my first business while in Harjoto commanded focus on the meaning of campaigns, nonprofits, and other high school and have never worked for a company financial data instead of just making the numbers organizations efficiently collect donations. as an employee,” he says. line up. Professor Larry Cox revived my inner Problem Set Out to Solve: imagination and reawakened the part of me that The more difficult it is to do something, “I love the adventure and the challenge of can stare into the world, see problems and then the less likely people are to do it: we entrepreneurship, the ever-changing environment, come up with business solutions,” he continues. make it easy to give. the journey,” he says. “I enjoy helping people and Target Customer: showing people how they can become more Another professor who has had distinctive Political campaigns, non-profits, efficient by using technology.” influence on Dietzel has been Kyle Murphy, whose faith-based organizations, causes, and Strategy class, with its emphasis on real-world best individuals who want to raise funds on either Facebook, a website or a mobile While Dietzel feels he was born for the challenge practices, was inspirational. “He has since become phone. of entrepreneurship, he also sees it as something an advisory board member of Anedot and gives Year Founded: that continues to shape him as a person. great insight into my decisions with the company,” 2011 he says. “I am still very much Avg. Annual Revenue: evolving as an Dietzel derives great satisfaction in encouraging Confidential individual. I learn so other would-be entrepreneurs by sharing his own Number of Employees: experiences. much every day. 7 employees I have made hundreds “Never give up and never take no for an answer,” of mistakes along the he says. “If someone tells you that something isn’t way and will most likely possible, it’s only because they haven’t found the continue to make possibility yet. As an entrepreneur, it’s our duty to mistakes, but I try to create that possibility.”  learn from each one and improve,” he says. launchmag.co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 5
  • 6. ENTREPRENEUR DAT DO, MBA ‘05 DAT DO Derivatas, Inc. Company Name: Derivatas, Inc. Company URL: www.derivatas.com Location: Los Angeles, CA D at Do (MBA ‘05) was successfully Mission: applying his skill as a valuation specialist/financial Provide our customers with engineer at PricewaterhouseCoopers (PwC) in Los sophisticated, standardized valuation Angeles, when two “a-ha” moments presented tools and market insights that help themselves. First, he and some colleagues discussed the improve decision making for company possibility of turning certain types of valuation management and investors. methodologies into an efficient, affordable standardized Business Idea: valuation process. Provide valuation software to solve complex valuation issues for “I suggested that the firm invest in developing software that privately-held companies that are would perform these complex valuation calculations,” says backed by venture capital and private Do. “While many people thought it was a great idea, it never equity. materialized because software development wasn’t Problem Set Out to Solve: considered a core business of a Big Four.” Startups need an effective and cost-efficient way to perform valuations. Target Customer: Venture capitalists, private equity firms, valuation firms, audit firms, and privately-held companies. Year Founded: 2011 Avg. Annual Revenue: Confidential Number of Employees: Three, plus a dozen software engineers when engaged in product develop- ment. 6 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 launchmag.co
  • 7. Dat Do Second, an important client had a misvaluation, Supported by a cadre of trusted software develop- Entrepreneurship agrees with Do, stimulating whereby management unknowingly underpriced ers, Do marshaled the idea through the Beta creativity and relationships building. the company’s new financing round. testing stage and then to release in December. “So far, it’s been a great experience,” he says. “My “When the misvaluation happened, I thought this “I’ve been delighted by the market traction we’ve flexible schedule allows me to pick up my 5-year was probably a more common problem than most gained,” says Do. “We have a good virtual pipeline old son from kindergarten every day. Then I get to people realize . Appropriate valuation models help of clients and there’s enthusiasm in the market help him with his homework for about an hour or to effectively determine the price of a future fi- place for our software platform.” so. It’s special to me because it’s a good bonding nancing round,” he says. “What was needed was a time for us.” While the software offering is meeting market robust software platform at a reasonable cost that Also special to Do is the newfound freedom to needs today, Do is already looking to the next would meet the needs of an underserved market.” dream, which entrepreneurship has provided. challenge. As would be expected of a financial analyst “I get to dream freely and to dream big,” he says. “We plan to raise another round of financing from schooled in careful decision making, Do consulted “My software engineers keep reminding us that private investors in 2012. Part of the proceeds will with several PwC colleagues whom he trusted and there’s no limitation to what software can do. So be used toward expanding our sales/marketing respected before making the ultimate decision to as long as we can imagine it and conceptualize it, team. We also want to invest further in product leave the corporate world to pursue entrepreneur- it can be coded into software. How great would it development by adding features and functions ship. be if everyone could have a period of uninhibited that will help our clients achieve even greater “I loved working at PwC because of the caliber efficiency,” he says. dreaming at some point during their career? Just of people I was surrounded with as well as the imagine how much innovation would result from opportunity to work on interesting projects,” says that!”  Do. “But this is a special situation in which I felt that the innovative business idea could be better executed as a startup.” Armed with guidance and support from his colleagues, and a round of angel funding, Do launched Derivatas and stepped up to his first challenge: software development. “I quickly came to the realization that I’ve taken software for granted for so many years,” he says. “Building software has to be one of the most difficult things you can do. You literally have to consider every possible scenario or permutation of users’ requirements as you design a software platform. So before you start coding, you have to exhaustively map out all possible outcomes. Not a task to be taken lightly!” launchmag.co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 7
  • 8. ENTREPRENEUR VARUN KHANNA Vedanic. W hen you measure popular opinion against personal experience, you may just come up with a new business. That was exactly what happened when Varun Khanna (MBA ’12) compared what he knew about herbal skincare with what he was witnessing in the marketplace. “As a reseller of high-end herbal bath, body, and beauty products from India for several years, I compared my products to those from other companies purporting to be ‘herbal’ and found they were using parabens, sulphates, and more 8 LAUNCH! MAGAZINE| ISSUE NO. 5 SPRING 2012 8 || LAUNCH! MAGAZINE| ISSUE NO. 5 || SPRING 2012 launchmag.co
  • 9. than 200 other chemicals that essentially are and done in an ECOCERT (one of the highest banned in many parts of the world,” he says. “It standard of organic and natural certifications was time to launch a responsible line of herbal in the world) laboratories under strict FDA-ap- VARUN KHANNA, MBA ‘12 skincare that used India’s ancient ayurvedic proved quality control. formulations of organic, natural, and herbal Company Name: The formula for Vedandic resonates with the Vedanic ingredients.” company’s target audience – those who pay Company URL: Khanna’s business instinct has been as sharp as careful attention to what they eat, wear, drink www.vedanic.com his product knowledge. Topical skin care is a and drive and who put a value on themselves multi-billion dollar industry, with skin care the and the environment. Location: Culver City, CA most important category in the global beauty “We are proud of our products. They stand up market. Yet even with plenty of like-minded Mission: to the test. In the end the customer decides Establish an organic skincare line in the ma- entrepreneurs moving quickly into the category, whether the product deserves their hard earned ture bath, body and beauty market. Khanna researched for 18 months before he money,” says Khanna. launched Vedanic. Business Idea: Vedanic products are available online, and Develop a high-end skincare line using India’s “Typical manufacturers will spend all their ancient ayurvedic formulations of organic, Khanna has his eye on expanding the brand money rushing their product into the market- natural and herbal ingredients. footprint. “The next challenge is marketing,” he place, yet will not consider that the ingredients Problem Set Out to Solve: says. “We need to establish our brand in the ma- are actually harmful to the skin,” he says. Many common skincare formulations contain ture bath, body and beauty market,” he says. To chemical that are damaging to the skin. Taking the time to develop the line correctly is that end, he has launched a niche target market one of the distinctions of the brand. The other online ad campaign. Very shortly, Vedanic will Target Customer: is operating with the courage of Khanna’s larger Adults who are serious about all-natural skin- be advertised on Sony TV nationally, and a high- care and value the environment. convictions of responsibility and staying true end spa campaign will follow. to the origin of the company name. ‘Veda’ is Year Founded: As a consummate entrepreneur (he started his 2012 Sanskrit for ‘science’ and ‘nic’ is part of the word first business at age 11), Khanna’s experience ‘organic. (Sanskrit for organic science) Avg. Annual Revenue: has both informed his personality and delivered Confidential “It was important to me, not only to a feeling of success. Number of Employees: manufacture products that were produced with “Entrepreneurship gives me deep satisfaction,” Two co-founders premium, handpicked herbal ingredients, but he says. “Being an entrepreneur gives me a also to ensure the entire supply chain was held sense of ownership, responsibility and account- to higher standards,” he says. At Vedanic, ability, all of which help me be a better father, manufacturing and packaging is achieved using son, brother and husband.”  fair trade practice which prohibits child labor, launchmag.co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 9
  • 10. ENTREPRENEUR NOELLE NGUYEN American Love Affair® W here is the crossroads of fashion, business, and a sense of patriotism? One intersection is American Love Affair®, a company recently founded by Noelle Nguyen (Presidents and Key Executives MBA ’12). While the company itself is new, the genesis of the idea spans Nguyen’s formative years outside the United States. Born in Vietnam, Nguyen and her mother fled the country after the fall of Saigon and spent a harrowing two weeks at sea before landing in Thailand. They lived in a refugee camp for two years where Nguyen first came into contact with Americans. “I looked forward to the days when members of the American Red Cross and the Salvation Army came to our camp and brought us food and clothing,” she says. That early experience was soon followed by other American influences in her life, including church members who sponsored her and her family when they immigrated to Maryland. “I’ve developed an unwavering appreciation for Americans, and an allegiance to the country I’ve called home for more than two decades,” she says. Today, Nguyen focuses that appreciation into a passion for designing, developing, manufactur- ing, and marketing American-made apparel and related products. The American Love Affair site sells only American-made brands. 10 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 launchmag.co
  • 11. NOELLE NGUYEN, PKE MBA ‘12 “We scoured the market and found a few She also counsels students to take advantage of hundred companies that manufacture in the the experience and advice of Graziadio Company Name: United States. We are highlighting about 50 of professors and advisors. “They inspired me every American Love Affair, LLC them in our launch,” she explains. day with their knowledge and intellect. Company URL: Understanding how they think allowed me to Entrepreneurship has given Nguyen an even www.AmericanLoveAffairOnline.com stretch my own thinking,” she says. greater appreciation of the American business Location: system. “You are free to take a risk and you have The driving motivation behind Nguyen’s business Los Angeles, CA is seeing four simple words—MADE IN THE USA— an opportunity to earn a return on your Mission: investment,” she continues. “This is clearly not a show up on more clothing labels. While she says One e-commerce destination freedom that many others around the world the mission of the company is to create stylish from which to purchase expertly crafted and superbly constructed clothing, the company’s experience. In America, with hard work and American-made fashion and consumer average intelligence you have a reasonable vision is to remind people to “fall in love again products. chance at success.” with all things that are uniquely American, be it Business Idea: country, community, or, perhaps, fashion.” Design and market American-made apparel; While Nguyen has embraced the freedom of provide a commerce platform for other Nguyen’s experiences, particularly during her working for herself, she says that structure is American brands. escape from Vietnam, her time in the refugee critically important for aspiring entrepreneurs. Problem Set Out to Solve: camp, and her early years in the United State, She advises current Pepperdine students who are A nationwide loss of pride in have shaped this vision for her company. “From interested in entrepreneurship “not to fly by the American-made products. these experiences I have developed an seat of your pants.” Instead, they should make a Target Customer: appreciation that may be difficult for someone plan. “ Those who support American who has never lived beyond the boundaries, manufacturing and would like to You must force yourself to adopt some level of safety, and charity of this country to fathom,” she promote the prominence of structure and planning while still says. “The greatest compliment I could be paid is the “Made in the U.S.A.” label. maintaining the flexibility and instincts to respond to be called a patriot—one who is pro-American Year Founded: to a changing environment,” Nguyen advises. and defends its greatness.”  2012 (e-commerce division) Avg. Annual Revenue: Confidential Number of Employees: 12 (e-commerce division) launchmag.co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 11
  • 12. ENTREPRENEUR SRINIVAS RAO BlogCastFM W hile the blogosphere may sometimes be called the next great frontier, it is one that is already well populated. According to internet search engine Technorati, in 2011 there were 164 million blogs. This is the audience that Srinivas Rao (MBA ‘09) successfully caters to. “Bloggers come from all walks of life. The one thing they all have in common is a desire to build something they can call their own,” he says. To help them do that, Rao conducts one-on-one interviews with the best minds in the blogosphere, best-selling authors, and successful entrepreneurs, and podcasts them via his BlogCastFM brand. He has interviewed A-list bloggers like Marcus Sheridan about creating interesting content; Danny Brown about standing out in the blogosphere; and Gini Dietrich about getting on the radar of mainstream media. “I get to connect with amazing people who have interesting stories,” he says. But Rao is quite the interesting blogger himself. He started his blog, The Skool of Life, in 2009 and has over 3,000 subscribers. Followers describe his posts as unconventional, adventurous, intelligent and inspiring. Rao will tell you that he is simply sharing his experiences, struggles, and lessons learned in an effort to help others. In his search to make his blog better and more informative, he asked questions—lots of them—of those who were already making a success in the blogosphere. It was this experience that led him to start BlogCastFM. “I started a weekly series on my blog called Interviews With Up-and-Coming Bloggers. After about 13 interviews, one of the guys I interviewed suggested that I start a separate site focused solely on interviews,” he explains. 12 || LAUNCH! MAGAZINE| ISSUE NO. 5 || SPRING 2012 12 LAUNCH! MAGAZINE| ISSUE NO. 5 SPRING 2012 launchmag.co
  • 13. SRINIVAS RAO, MBA ‘09 Company Name: BlogCastFM Company URL: blogcastfm.com Location: Los Angeles, CA Mission: Turn BlogCastFM into a full-blown media empire Business Idea: Leverage experience blogging to help other bloggers grow their business Problem Set Out to Solve: Share blogging success tips from A-list blog- Now with hundreds of interviews logged and an two hands because you actually see the impact gers with millions of bloggers world-wide. average of 30,000 downloads each month, of your work,” he says. “I didn’t always know Target Customer: BlogCastFM is fast approaching Rao’s goal of where my next check was coming from or if it Internet marketers, entrepreneurs, small media empire status. was coming at all, but I learned exactly how business owners, and bloggers valuable my time is.” While the business has yet to provided Rao with Year Founded: a consistent income, it has provided him much Rao advises current MBA students to consider 2010 satisfaction in the things that make him happy. the extra opportunities graduate school provides Avg. Annual Revenue: to hone entrepreneurial skills. Confidential “Even though it hasn’t necessarily been super lucrative financially, it’s opened up a wide array “If all you do is go to class and do what’s re- of interesting opportunities. I’ve been able to quired of you, then you’re missing out on the speak at conferences, meet and interview MBA experience,” he says. “The great thing best-selling authors, and even live abroad six about being a student is that you have tons of months rent-free,” he says. time available and less of a need to make money right away. Use that time wisely.” That excursion aboard was to Costa Rico, where he was able to pursue his other passion —surf- One of the best ways Rao made use of his time ing—which served to fuel his creative fire. That was in network building. adventure also provided the freedom he craved, “When you’re in school anybody will talk to you and the focus he needed to build BlogCastFM because you’re a student. Do as many into a brand. informational interviews as you can and in this “I think there’s something incredibly fulfill- way you’ll build your network before you need ing about building something with your own it,” he advises.  lla u n c h m a g ..c o aunchmag co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 13
  • 14. ENTREPRENEUR DAVID ROSENDAHL MindFire Inc. F or David Rosendahl (BSM ’05), entrepre- neurship has been a calling to work with creative people in order to help others solve business problems. “I was involved in founding a startup around age 18, and from that time, I was bitten by the bug,” he says. “I’m not sure I chose entrepreneurship — sometimes I feel like it has chosen me.” In the late 90s, he surrounded himself with designers, engineers and marketing experts and founded an Internet service provider that offered Internet access, email service and web market- ing. When that company was acquired, he leaped into web-based software, developing products for small businesses. Then in 1999, he took up the challenge to help marketers synchronize their direct mail campaigns with the Internet. 14 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 launchmag.co
  • 15. “When my partner Moe Farsheed and I decided to Rosendahl’s entrepreneurial success has not been DAVID ROSENDAHL, BSM ‘05 start MindFire, we didn’t have a specific without challenges. “Learning to cope with my technology idea. We just wanted to help Company Name: own weaknesses and delegate to those who have MindFire Inc. marketers bring buyers and sellers together in complementary strength has been a learning more meaningful ways,” he says. Company URL: process,” he says. “Also, learning to take time www.mindfireinc.com Key to getting their idea off the ground was away from the business (like vacation) has been hard. Only in the past few years have I been able Location: carefully listening to what really was a problem Irvine, CA for marketers: managing and tracking the results to do this successfully. I think I’m a recovering of cross-media campaigns. work-a-holic.” Mission: Enable our clients to successfully leverage “While meeting with a marketing agency and a Another challenge has been learning to manage multi-channel marketing, improve their ROI large bank’s marketing team, I realized that conflict properly – an issue most business people and take the guess-work out of what works marketers needed help, but were severely can relate to. Rather than shy away from conflict, through analytics. hamstrung by technology, obstacles, and a Rosendahl approaches those situations expecting Business Idea: dizzying array of options. They needed a simple to benefit from them. Personalized cross-media marketing solution to help them make sense of their off-line solutions. “I’ve learned that success in life is directly and on-line marketing,” he explains. correlated with the number of uncomfortable Problem Set Out to Solve: It is very difficult for marketers to use the Rosendahl and Farsheed started work on that conversations you’re willing to have. Whenever variety of media available to them in a way solution, which has become LookWho’sClicking, I’m in a situation that requires an uncomfortable that is orchestrated and intelligent. the company’s flagship product. It automates the conversation, I think of this maxim, and how true Target Customer: creation and management of highly-effective it has been to date,” he says. Print and marketing service providers. direct marketing campaigns using landing pages, A key skill Rosendahl learned during his studies at Year Founded: personalized URLs, QR codes, SMS text messaging, Pepperdine’s Graziadio School of Business 1999 email, microsites, response tracking and more. Management has also paid off in making his Avg. Annual Revenue: “Today we have over 500 clients in 24 countries, business a success. “As an entrepreneur, it Confidential and we are the leading provider of personalized sometimes feels like you’re the only one with Number of Employees: URL and landing page technology to the world’s challenges. I learned the value of speaking to 40 graphic arts and marketing communities,” he says. as many people as possible about my goals and aspirations in order to gain perspective,” he says. Developing and retaining strong relationships “I have found that more often than not, someone with his business partners, vendors and clients is else has been in a similar situation, and a good key to his success, Rosendahl explains. “As I have conversation can make a big difference.”  gotten older I have realized how much business is about relationships,” he says. “The relation- ships we have developed with team members and clients have been hugely rewarding.” launchmag.co SPRING 2012 || ISSUE NO. 5 || LAUNCH! MAGAZINE || 15 SPRING 2012 ISSUE NO. 5 LAUNCH! MAGAZINE 15
  • 16. Are You Re ady To G o Fro m T he very idea of leaving the cube behind to become full-time entrepreneur can be exciting. But Em ploye e To Full-Time the grass is always greener on the other side, and while entrepreneurship has E ntrepre neur? its benefits, there many things fledgling entrepreneurs should consider before BY NATHALIE LUSSIER deciding to go it alone. If the lure of “firing your boss” is calling you, here are 10 things to ponder before you make the leap to 1 full-time entrepreneurship. YOU’RE THE MAN, OR NOT. If you want to become an entrepreneur because you don’t want to work for “the man” anymore, consider that working for yourself might mean working for a meaner boss. Also, when you take on clients and customers you end up working for more 2 than one person instead of just for yourself. UNDERSTAND YOUR OPTIONS. If you’re going to become a solo-preneur and go it alone, there are essentially three different types of businesses you need to be aware of, and any business can be a combination of these. You can either 3 provide a done-for-you service, a consulting service, or a product. START WITH A SERVICE BUSINESS. Until you build up enough of a customer base, you will likely be providing high end services. This is a good place to be because you are fine tuning your knowledge 16 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 launchmag.co
  • 17. and skills to be able to package them up into more scalable product offerings down the line. You’ll want to jump into fulltime entrepreneurship before you get to the 7 THE STATE OF THE ECONOMY IS NOT A JUSTIFICATION FOR OR AGAINST ENTREPRENEURSHIP. If you want to start a business, there you can’t take on more work than you can manage. Other times you’ll know you need to quit your job when your business becomes more profitable and motivating.  4 will never be a more perfect time than when product phase. you’re ready. Starting a business is the most PLAN TO SAVE MONEY. powerful force for personal development I’ve As you look at the best time to ever experienced, so get ready for the ride of a 8 leave your job, put together an lifetime and don’t make excuses if you put it off. estimate of how much money you BE A SPONGE. need to bring in on a monthly basis to Learn as much as you can before, sustain your lifestyle. If it doesn’t seem during, and after you start your feasible, look for ways to scale back on your business. It’s not necessary to go spending. Start saving now so that you have back to school or to spend years researching a nest egg when you do leave your job. It your idea and market. However, it is necessary to always takes longer to become profitable read books about business, you business 5 than you might think. industry, and marketing. It’s your job as the SURROUND YOURSELF WITH business owner to stay informed and to keep an OTHER LIKE-MINDED BUSINESS open mind to new ideas and tools, because the 9 OWNERS. business landscape is constantly changing. Nathalie Lussier got her Bachelors in Software It’s easy to stay in a job that isn’t Engineering then promptly turned down a “stable” serving you if all of your friends are doing START ON THE SIDE. job on Wall Street to start her own online business. the same thing. Instead, find yourself a group of The best way to know if you can make She’s an online business triple threat who teaches accountability buddies who are in a similar it as a business owner and if your people how to get techy with their business as a situation to you, or a few steps ahead so they ideas are viable is to start your digital consultant. Find Nathalie at nathalielussier. can give you guidance as you navigate this new business on the side. Check with your boss and com. company policies before going ahead with the 6 path in your career. side business, and then hang your shingle up. Courtesy of The Young Entrepreneur Council BE WILLING TO PIVOT. Watch what happens, how you feel, and who About the YEC. The Young Entrepreneur Council 10 As human beings we think we’ve got responds to your offers. (YEC) is an invite-only nonprofit organization all the answers figured out. When it comprised of the world’s most promising young comes to business though, you need GET READY FOR GROWTH. entrepreneurs. The YEC promotes entrepreneurship to be flexible and listen to the market and Once things start to take off for as a solution to unemployment and underemploy- response. If you’re working your tail off trying you, you’ll need to make a choice ment and provides entrepreneurs with access to to sell a product or service and it’s not giving as to whether you want to keep tools, mentorship, and resources that support each you the returns you’re looking for, consider your business on the side or make stage of their business’s development and growth. what your audience and market is spending the leap to full time. Sometimes you need to theyec.org money on. It’s possible that what you’re offering leap before the income is there, simply because just isn’t a good fit. launchmag.co SPRING 2012 | ISSUE NO. 5 | LAUNCH! MAGAZINE | 17
  • 18. THE SHORT LIST American Love Affair Business Simply Put FCearth Layla Quantumsphere TrustyMax AmericanLoveAffairOnline.com www.businesssimplyput. www.fcearth.com Singer/Songwriter/Fashionista; www.qsinano.com www.go2socket.com Denim and fashion apparel com Eco-friendly, culturally a music phenomenon Nano catalysts and integrated Maker of go2socket – grips Strategy and financial informative soccer gear and Darlene Kiloglu, MBA ‘11 catalytic solutions bolts other sockets cannot Noelle Nguyen, PKE MBA ’12 management apparel Kevin Maloney, MBA ‘02 Tim Kim, MBA ‘10 Anedot Lori Williams, MBA ‘05 Jeff Rozic, MBA ‘06 LearnItByEar.com anedot.com MP3 audio course-oriented SG Biofuels, Inc. Vedanic Optimizing the way we give Capchure LLC Global4PL flashcards www.sgbiofuel.com www.vedanic.com www.capchuresystems.com www.global-4pl.com Brett Fisher, MBA ‘11 and Jatropha as a low cost, Premium organic & natural Paul Dietzel, MBA/MPP ’11 Advertising Network for Tech Stephen Yeoh, MBA ‘11 sustainably produced oil Bloggers Supply chain solutions skincare Artful Gentleman Aaron Moskowitz, MBA ‘07 Sergio Retamal, MS ‘04 Kirk Haney, MBA ‘95 Varun Khanna, MBA ’12 www.artfulgentleman.com Linked Orange County Men’s fashion done better EndPlay Global Wave Networking and business con- Shadys Webventurous.com endplay.com globalwavegroup.com nections www.shadys.com End-to-end web solutions Jake Wall, MBA ‘08 Web content management Bryan Elliott, MBA ‘99 Custom branded canvas golf Financial technology Dhaval Doshi, MBA ‘09 solutions cart coverings Behind the Brand company Christos M. Cotsakos, MBA ‘83 Locaxion Jaime E. Parker, MBA ’99 behindthebrand.tv Zubin P. Mehta, MBA ‘06 Expert insight to grow your www.airvuegolf.com DeJant Group Corp. GPS-enabled smart phone apps Shark Bite Scuba business identifiDesign www.dejant.com www.sharkbitescuba.com Bryan Elliott, MBA ‘99 identifidesign.com for golfers Maker of award-winning The Natural aphrodisiac drink Taking brand communica- Pratish Shah, EMBA ‘10 Tank Dolly® Omid Semino, MBA tions to the next level Beyond the Olive Kimberly Isaac, MBA ‘10 Nick Norris, MBA ‘09 Lolay, Inc. www.beyondtheolive.com Derivatas www.lolay.com Premium retail olive oil SkoolofLife.com www.derivatas.com Jobonomics.com Location-based mobile apps products Personal Development Business valuation software Empowering job seekers Bardia Dejban, MBA ‘10 Crystal and Chip Reibel, MBA Srinivas Rao, MBA 09 Dat Do, MBA ’11 and Geoffroy Sameer Gupta, MBA ‘09 ‘09 Dubuisson, MBA ’11 LSR Lifestyle Smile Brands Inc. Jungo LLC www.lsrlifestyle.com Bizible www.smilebrands.com DermaShoppe jungotoys.com Wholesale cigar company Support services to general and bizible.com/Small-Business- www.dermashoppe.com Flickerz - Flickable flying toy Jordan Rockwell, MBA ‘10 multi-specialty dental groups Marketing-SEO High-end, physician-dispensed discs Steve Bilt, PKE MBA ’01 SaaS marketing for local skin care products Michael Cheshire, MBA ‘11 Markex Global businesses Jimmy Nguyen, MBA ‘09 and www.markexglobal.com Sohve Aaron Bird, MBA Patrick Leroy, MBA ‘09 Krav Maga Worldwide, Strategetic international trade www.solve.com Inc. Kasra Ferasat, MBA ‘10 Blindbid Strategic consulting DevDugal.com kravmag-kids.com www.blindbid.com Nick Mitchell, EMBA ‘07 Youth self defense MindFire Inc. Bid for leads instead of share Business strategy advisor; The Matt Romond, MBA ‘12 www.mindfireinc.com them Redwood Bar & Thirsty Pockets Superhero Enterprises Michael O’Hare, MBA ‘09 founder Personalized cross-media www.superheroenterprises.com Kensel & Co marketing solutions Dev Dugal, MBA ‘04 Character-based publishing and www.kenselandco.com David Rosendahl, BSM, ’05 BlogcastFM.com merchandising Middle market investment Proven social media advice Docstoc.com Davien L. Watkins, BSM ‘08 services Srinivas Rao, MBA 09 Online document warehouse Personal Care Physicians Brendon Kensel, MBA ‘00 Jason Nazar, M.B.A ’05, J.D. ‘06 www.mypersonalcarephysi- SwitchStream, LLC can.com www.switchstream.com Troy Medley, MBA ‘03 Management advisory services and venture investing Kyle C. Murphy, MBA ‘05 18 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 launchmag.co
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  • 20. ENTREPRENEUR’S JOURNEY FAST PITCH COMPETITION 2012 FIRST PLACE WINNER Diane Jenkins, MBA ‘12 “ I was preoccupied shopping one day. I had put my purse down for what I thought was a second. But when I reached for it, it was gone. I had no warning that someone had just stolen my purse. I have come up with a solution that I call the Charm Alarm. It is a fashionable bracelet with a charm that activates a smart card that looks just like a credit card. Put the card in your wallet and you can go shopping and travelling with ease. The moment these two are ten feet apart, the bracelet will let out a beeping warning sound. And when they are 15 feet apart it will let out a high pitched shriek, which is the perfect deterrent for any pickpocket or thief. This security device works with and complements jewelry lines such as Pandora and Brighton. A variety of marketing will include a website, infomercials, magazine ads and retailers. So take it from me, Diane Jenkins, “ with a Charm Alarm you are better safe than sorry. 6100 Center Drvie | Suite 400 | Los Angeles, CA 90045 | bschool.pepperdine.edu 20 | LAUNCH! MAGAZINE| ISSUE NO. 5 | SPRING 2012 © PEPPERDINE UNIVERSITY. All Rights Reserved. GSBM.DG.030312 launchmag.co