Venture Capital is a competition in which company representatives deliver a sales pitch to judges who would invest their “capital” in the company. For the third year in a row, at least one of CMHS’ companies earned first place in this event.
Venture Capital teams consisted of Molly Settles, Megan Settles, and Noah Jeyarajah for Glean and Michelle Luna, Rachel Witter, and Maria Diaz for Odyssey.
As many as 42 companies from other schools in the state competed in the Venture Capital competition, and 65 companies competed in others. Other areas of competition included Best Salesmanship, Best Booth, Human Resources, Website Design, and Marketing Plan.
Katreen Debbas, Odyssey’s Vice President of Sales, placed third in Best Salesmanship, while Glean’s Vice President of Human Resources, Zyerie Ramirez, and Human Resources Associate, Mayra Alvarez, placed sixth in Human Resources. Glean also obtained an Honorable Mention in Best Booth, while Odyssey was awarded an Honorable Mention in Best Booth, Marketing Plan, and Web Design.
Glean faced a major obstacle when Alexa Negrillo, CFOO, could not attend the San Francisco trip due to family issues. Because Negrillo was in charge of financials, which is a key part in the competition, Negrillo’s absence made a strong impact on the team. Megan Settles, Vice President of Public Relations, took Negrillo’s place instead.
“It was an obstacle that we had to sort of get over...it’s scary going to something like Venture Capital not comfortable with your financials... but I think it ended up being as good [as it could have been] because you could that tell me, Megan and Noah [Jeyarajah] had really good chemistry,” Molly Settles said of the change.
Before the competition, Rachel Witter, Chief Financial Operating Officer (CFOO) of Odyssey, felt “a little nervous [since] scripts have been constantly changed,” but at the same time looked forward to the sightseeing.
Mike Milchiker, the Virtual Enterprise teacher, had high expectations for the group.
“There is a great deal of preparation that goes into getting ready for the various trade shows we attend. Both Odyssey Bike Share and Glean were very successful at last week’s Bay Area Trade Show because all the employees worked very hard together to become a stronger team.”
After winning fourth place, Michelle Luna felt that “[Odyssey’s Venture Capital team] worked really hard and fourth place out of so many schools, to me, is just a big accomplishment,” especially since they “waited until the last minute to write [and memorize] scripts.”
Despite the team’s mistakes, they remained optimistic throughout the competition.
“We were just kind of like ‘win or lose, we’re just gonna go out there and do our best,’ so we had a more positive attitude towards it,” Luna added.
Virtual Enterprise students and chaperones Mike Milchiker, Cheri Sheldon, Joey Sheldon, and Matt Hancock, left for Oakland on a Friday afternoon and returned Monday night. On Saturday and Sunday evening, the group took a break from competition and toured different areas of San Francisco, including the Golden Gate Bridge, Haight-Ashbury, Chinatown, Fisherman’s Wharf, and Ghirardelli Square.
“At CMHS, we have no problem coming up with sophisticated, cutting-edge ideas," commented Mrs. Sheldon. "Our students have done great this year! I’m very proud of how both companies have done.”
Written by Maria Diaz