Georgetown McDonough School of Business MBA Program Grows Internet Entrepreneurs

November 05, 1999

Washington, D.C. - A growing number of Georgetown McDonough MBA students are starting Web-based businesses while enrolled in the program:

  • Headlight.com, an e-commerce site that sells units of learning via the Internet, was started by Scott Mitic and Peter Mellen during their second year of the Georgetown McDonough MBA program (see attached article).
  • Pangea Limited, an alternative fiber-optic network provider, was developed by a team of Georgetown McDonough MBA students as a business plan for an entrepreneurship class. The business plan called for the construction of a 5500km fiber-based network that would be sold to carriers like MCI Worldcom and France Telecom. Since graduation, the student team has raised $450 million in equity financing for this project (see attached article).
  • Jeff Sommerville and Gino Heilizer (both MBA'99) started www.stockgift.com, a website that allows individuals to calculate the gift value of stocks, during their second year of the MBA program.
  • Andrew Romans (MBA'00) is currently on leave from the Georgetown McDonough MBA program, working on his Internet business, Global TeleExchange (www.thegtx.com), a commodities exchange site where telecommunications products such as switched minutes, packets and bandwidth, can be traded.

Georgetown McDonough faculty research in the area of e-commerce is also growing. Professor Mary Culnan is the author of the Georgetown Internet Privacy Policy, a progress report to the Federal Trade Commission on the extent to which commercial web sites have posted privacy disclosures based on fair information practices.

Professor Paul Almeida is examining the impact of the Internet on knowledge management and on improving corporate communications within multinationals located across continents. Professor Ron Goodstein is researching the effectiveness of giving consumers control over how they view websites and how it impacts customer satisfaction. Professor Bill McHenry is studying the Internet and e-commerce in Russia. He has also published a paper on how Internet search engines support academic research activities.

On January 21, 2000, MBA students will host the third annual Georgetown McDonough MBA Technology Conference, which features panel discussions on developments in the technology industry, including technology in emerging markets and Internet startups. This year's keynote speaker is Michael Saylor, CEO of MicroStrategy, a pioneer in data warehousing and decision support systems.