Kevin Warnock

Entrepreneurship, ideas and more

Archive for the ‘business plan competition’ tag

Naked Suits unveiling

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Naked Suits unveiling party June 25, 2011 - Adisa Banjoko, Ming Chang, (guest) Kevin Warnock, Judy Hoang.

Naked Suits unveiling party June 25, 2011 - Adisa Banjoko, Ming Chang, (guest) Kevin Warnock, Judy Hoang.

On April 27, 2011 I was a judge for the Made for China Entrepreneurial Pitch Competition and Startup Fair at University of California at Berkeley.

This was a fun evening, and I made some new friends, including Ming Chang, CEO of Naked Suits.

Liu Nan had earlier arranged for me to be a judge. I met Nan at the Berkeley Entrepreneurs Forum about six months ago, and we stayed in touch.

I love judging business plan competitions.

The winner of the Made for China event is a fascinating company with the provocative name Naked Suits. Here’s a video of the team receiving their first place prize at the actual competition. They win at 5 minute marker in the video. (You can see me in the far lower right at the 5:45 marker, taking a picture with my iPhone.)

Naked Suits is a clever name.

The Naked Suits idea is that their suits are so breathable, lightweight and durable that you feel as if you’re not wearing anything at all.

While their website doesn’t say so, I understand they are using fabric that is made with nanotechnology so that it repels water and most stain causing substances.

At the unveiling, Chang set up a testing station with fabric swatches and bottles of Two Buck Chuck, the famous red wine sold by Germany’s Trader Joe’s grocery store.

I personally poured an entire glass of red wine over a Naked fabric swatch and the fabric did not get stained. The wine rolled off and the fabric remained dry once I dusted the droplet balls of wine off the fabric. None of the wine balls absorbed into the fabric. I was impressed, and that’s why I’m writing this post.

I don’t wear a suit more than about twice a year. I will put on a suit for a wedding or funeral, but I never wear a suit for work or for a date. I’m much more into sports jackets and jeans for all but the most formal occasions. So I’m not likely to buy a Naked Suit, at least until they come out with a line of sports jackets.

The suits are nice.

They are handmade in Shanghai, China without fusing, a kind of heat activated glue used on many suits.

There is red piping along the inside lining that just pops visually. It’s very eye catching, and when someone catches a glimpse of the inside of a jacket, this red bead should signal that this is a costly and luxurious product. I’ve never seen such an eye catching detail on the inside of a men’s suit jacket before, and I have looked at a lot of suits over the years. I used to wear a suit five days a week when I worked at Cooley as a programmer.

Naked Suits are a bargain at USD $695. Handmade suits usually cost a lot more. I wish Naked Suits the best of success with their exciting venture. In all my years of judging business plan competitions, I have never seen a team attempt to enter the hotly competative fashion industry. Chang and his team show a flair for the dramatic, so I like their chances. Check out the flyer they put together for their Naked Suits unveiling. This looks like it could have been produced by an established fashion brand. I’m a photographer and I like it.

Naked Suits advertisement, June 25, 2011

Naked Suits advertisement, June 25, 2011

The picture at the top of this post shows me with three members of the Naked Suits team.

Written by Kevin Warnock

July 5th, 2011 at 6:19 pm

I’m a judge again this year for the University of California at Berkeley Business Plan Competition

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Berkeley Business Plan Competition logo 

I received word this week that I’ve been invited back to be a semi-final round judge for the Business Plan Competition at the University of California at Berkeley

I can’t remember what year I started being a judge for this competition, but I strongly suspect it was 2005, plus or minus a year or two. 

Judging is generally a day long affair in the Faculty Club at Berkeley. I consider it one of the most exciting days of the year.  I get to meet 6 to 8 startups, and I get to see them under the pressure of one of their most important presentations they’ve likely given. It’s a really fascinating process, and I am thankful to be included by the student organizers. 

I am generally the only judge that’s a practicing tech entrepreneur. The large majority of the other judges are venture capitalists. A few of of the judges are startup lawyers. I’ve made friends with a lot of VCs over the years as a result of the business plan competition. They’re not scary to me anymore. 

Auto TB team

Auto TB team - Dr. Christopher Rumball, Kelly Karns, Mathieu Michalet and Milena Lazarevska

This year I am judging teams competing in the Products and Services track. I particularly enjoy judging tracks that are not Internet tracks, because I learn more. Two years ago I judged the medical device teams, and had the priviledge to meet the AutoTB team that’s seeking to make a low cost automated digital microscope that can diagnose teberculosis in minutes. I’ve exchanged many emails over the last two years with Kelly Karns, answering her questions, and we’ve become friends. I would likely have never met her if not for the business plan competition. AutoTB won the competition in 2009. Here’s a nice article about AutoTB on CNN.com. 

I read the business plans word for word before the judging day, and I take it very seriously. I competed in this same competition in 1999 and I credit it with my later success in selling the venture that competed. I have first hand knowledge of the stakes for the competitors, and I put forth a lot of effort to identify the best plans. 

I love helping students, and I think I benefit from helping as much as the students benefit from my help.

Written by Kevin Warnock

February 9th, 2011 at 11:48 pm