MBAs In Venture Capital Firm Help Turn Around Satellite Company
January 28, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Many students turn to MBA programs with the hopes of receiving an education that can help them make valuable business decisions. MBAs are often taught how to make lucrative deals that can benefit themselves, as well as the company or firm they work for.
Iridium Satellite was completely bankrupt when Syncom Venture Partners bought it from Motorola for $25 million. The venture capital firm saw potential in the company, according to The Root. Terry Jones, an MBA, was taught how to see the potential in everything, and how simple business decisions could help something flourish.
"We look for the best deals, as opposed to operating based upon a social calling," Jones told the news provider. "We invest in companies that are minority-owned and operate in the minority or general market, and firms that are not minority-owned and do business in the ethnic marketplace."
Syncom was able to invest enough partners into Iridium, and the company is now worth a reported $560 million.
An MBA program can help give you the financial knowledge needed to make a lucrative deal. Those who are interested in a career in venture capitalism should consider pursuing an MBA degree.
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