Time: 12:00 PM - 1:00 PM
Location: K1310
Come meet Michael Taormina, CFA
Co-founder & CFO, CommonBond
I. What does CommonBond do?- Connects student borrowers with alumni and institutional investors.
- Beats fixed interest rates from the government and banks, which can save you up to $25,000.
- Builds a community of interesting and influential people.
- AND gives back. The company's "Social Promise" funds education at home and abroad. In fact, they are the first company to bring the "one-for-one" model to education.
CommonBond will offer low-cost student loans to Ross MBAs this spring. Students can sign up on CommonBond's website here to get more info on how to refinance their loans. It's first come, first serve.
II. Is CommonBond hiring? (Hint: Yes.)
Attached are job descriptions for roles that are most relevant to Ross MBAs. They are:
- a full-time marketing role
- a summer internship role
III. Who is CommonBond? To get to know the company and its digital footprint a bit more, here is our:
(A) Story in the press, including:
(i) Spotlight. Bloomberg TV
(ii) Detailed accounts. Poets & Quants, PolicyMic, Here's a fun (if random) one
(iii) Broad strokes. Wall Street Journal, TechCrunch, BusinessWeek, Inc(B) Social media channels: Facebook, Twitter, Blog(C) Video highlighting Wharton Launch Gala (all net proceeds went to local Social Promise partner, KIPP Schools).
(D) Perspective on the student loan market, why it's broken, and how we're fixing it.
IV. Why is CommonBond different? And why does it matter?
A) Social promise. From Day one, we have had a strong social mission that is both global and local.
(i) Global. For every degree fully funded on the CommonBond platform, the Company will fund the education of a student in need abroad for a full year. CommonBond has partnered with the African School for Excellence to make this a reality. CommonBond is the first company to bring the “one-for-one” model to education and finance.
(ii) Local. For every new city we take our gra
Time: 6:00 PM - 7:00 PM
Location: R2320
Come meet SoFi founder & CEO Mike Cagney
How do you fix a broken industry? What does it take to solve a multi trillion dollar problem, make a social impact, and raise capital? Banking is broken. The student loan market is broken. And investors are shying away from investments in early stage companies.
At this event, learn from SoFi founder & CEO Mike Cagney about how SoFi is leveraging technology, data and social impact to create a new model for student lending to solve the trillion dollar student debt problem. Mike will discuss his journey building a business that is inherently social, creating sustainable social enterprise, and raising capital in a "Series A crunch."
Hosts
Ross Entrepreneurship & Venture Capital Club
Ross Finance Club
Ross Investment Management Club
Who Should Attend?
Those interested in entrepreneurship
Those interested in businesses that strive to make a social impact
Format
6:00 - 6:10 - Pizza & Gelato
6:10 - 6:15 - Introduction by Mary Lemmer - RPM Ventures and UM Alumnus
6:15 - 6:30 - Mike's Talk
6:30 - 7:00 - Q&A
Questions: email Prasid Pathak - ppathak@sofi.com
About Cagney
SoFi's CEO Mike Cagney is a serial entrepreneur and formerly founded global macro hedge-fund Cabezon Capital, a San Francisco-based adviser that managed $243 million for macro hedge funds and high-net-worth individuals. Prior to Cabezon, Cagney founded Finaplex, a leading provider of wealth management and investment technology solutions. Prior to that, Cagney oversaw the derivatives desk at Wells Fargo.
About SoFi
SoFi is harnessing the power of alumni communities to offer students and recent grads a better deal on their student loans. SoFi offers alumni an attractive investment opportunity with a social impact. The $1 trillion student loan industry is broken and needs a better solution. After a successful $2MM pilot at Stanford, SoFi expanded to 79 schools nationwide, including MBA, JD and Undergraduate programs. As of December 2012, the compan
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