Capstone – Project Charter

Community Centers for Entrepreneurs

A Collaboration Between

Engagement Synopsis

Building off our activation with a brilliant crew of Notre Dame MBA candidates in the Fall of 2019, we look forward to continuing the work with a new group of MBA candidates. As Next Gen looks to acquire, develop, and operate physical Community Centers, we are looking to build our business framework, including the following items:
  • Franchise Model. Developing an interest-aligned investor model where Next Gen licenses its brand and provides operating support for a private investor to own a Community Center. Reference organizations: Hyatt, ING, Chik-Fil-A.
  • Operating Model. Creating an interest-aligned management model where Next Gen operates a space - including leasing, tenant management, and maintenance - in a risk-limited manner. There has been tremendous disruption in the Operating space within the last 10 years. Reference organizations: Convene, Common, Tribe.
  • Management Technology. Building a suite of management tools that will aid in providing an elevated management experience for both tenants and investors. Reference startup: Latch.
  • Corporate Development. Assessing the potential for joint-ventures or acquisitions within our target category that support our corporate Real Estate goals.
These four buckets will, together, contribute to our vision of developing and operating a residential/commercial community center for entrepreneurs.

HOST VENUE ADDRESS

  • Convene (9th Floor), 530 5th Avenue (b/w 44th and 45th Streets), New York, NY 10016

REQUIRED PREREQUISITES

  • No mandatory prerequisites.
  • A general knowledge of real estate financing, development, and operation would be helpful.

LEARNING OBJECTIVES

  • Students will play an integral role in the formation of new, category-defining business line through the creation of entrepreneurial community centers.
  • Students will learn the ins-and-outs of the real estate market, familiarizing themselves with industry leaders and comparable organizations.
  • Students will walk away feeling knowledgable about the property development and operation processes, aware of how companies like WeWork grow/operate.

Company Information

CompanyNext Gen
HQNew York
RevenueUnlisted
Employees5-10
StageEstablished Startup
Hiring PotentialFollow-on Projects, Formal Internship, Entry Level Full-Time, Upper Level Full-Time
Websitehttp://www.ngsummit.com

Company Overview

NextGen is the premier business hub, community, and event series empowering entrepreneurs with the resources, knowledge, and mentorship to grow their businesses. At Next Gen, we work with over 20,000 entrepreneurs and 4,000 startups — many of whom note fundraising as a primary concern. To further our value-add, we have built a robust network of venture investors, spanning hundreds of angels, VC firms, and institutions, that we leverage to engage with our members. We frequently host pitch competitions to bridge these new connections, as well. To date, outside of the formal pitch events, we have worked to connect individual companies with applicable investors on a case-by-case basis, sorting by industry, stage, and general fit. Now, we are seeking to explore a venture debt model that will enable Next Gen to support our top entrepreneurs while obtaining equity for long term gain.

Company Supervising Team

Co-founder

Dylan

[email protected]

Course Info & Engagement Details

SchoolUniversity of Notre Dame Mendoza College of Business
Engagement FormatCapstone - Small Team Consulting Project - Students work in small groups of 2-6 directly with faculty and host company project champions on developing real solutions to real-world challenges.
ProgramMBA Consulting
Course2020 SPRING – MBA Interterm (IMMERSE)
LevelGraduate
Students Enrolled120 Enrolled, 2-5 per group per project
Meeting Day & Time3/2 - 3/5/2019 on-site at host company
Student Time Commitment1-3 Hours Per Week
Company Time Commitment3-5 Hours
Duration4 days (03/02/2020 - 03/05/2020)
Departments InvolvedGrowth Strategy
Marketing
Mergers & Acquisitions
Operations
Research & Development
Sales & Business Development
File Attachments

School Supervisors

Instructor

Alice

[email protected]

Students

There are currently no students assigned.

Collaboration Timeline

  • November 11, 2019

    Alice Obermiller, MBA Experiential Learning Program Director, will begin interviewing interested companies and discuss project ideas.

  • December 20, 2019

    Final date for companies to express interest in participating.

  • January 10, 2020

    School faculty and project champion finalize project charter, legal documents, and background materials.

  • January 31, 2020

    Student Teams Finalized

  • March 2, 2020

    OFFICIAL PROJECT LAUNCH: Students will be on-site working for the week

  • March 5, 2020

    OFFICIAL PROJECT END: Students will present results to company leadership on-site

Key Milestones & Project Process

  • March 2, 2020 - Understand Next Gen's Vision

    Work with Next Gen’s Founders/Executive Team to understand Next Gen’s unique story, vision, and plans.Overview of the project, reviewing various components to ensure full understanding of goals.


    Suggested Deliverable:

    Leave ready for the project!

  • March 5, 2020 - Focus: Operating Model

    Operating Model. Creating an interest-aligned management model where Next Gen operates a space – including leasing, tenant management, and maintenance – in a risk-limited manner. There has been tremendous disruption in the Operating space within the last 10 years. Reference organizations: Convene, Common, Tribe.

    • Overview of Operating Models — what is it, examples, other comps., etc.
      • Review mentioned companies and their respective models
      • Begin to craft financial deliverable of Next Gen’s model.

    Suggested Deliverable:

    The final deliverable come week’s end will be a financial operating model for Next Gen’s proposed community center.

  • March 5, 2020 - Focus 2: Franchise Model

    Franchise Model. Developing an interest-aligned investor model where Next Gen licenses its brand and provides operating support for a private investor to own a Community Center. Reference organizations: Hyatt, ING, Chik-Fil-A.

    • Once the operating model’s construction is underway, dive into the potential for franchising Next Gen’s brand across multiple community centers

    Suggested Deliverable:

    Financial mock-up of  a potential franchise model.

  • March 5, 2020 - Focus 3: Management Tech

    Management Technology. Building a suite of management tools that will aid in providing an elevated management experience for both tenants and investors. Reference startup: Latch.

    • Research space to identify largest opportunities for management innovation.
    • Find leading tools, softwares, etc. that comparable companies utilize

    Suggested Deliverable:

    List/proposal of management technologies.

  • March 5, 2020 - Focus 4: Corp. Development

    Corporate Development. Assessing the potential for joint-ventures or acquisitions within our target category that support our corporate Real Estate goals.


    Suggested Deliverable:

    List of potential startups/partner companies.