Tuesday, April 29, 2025
Blog Page 1449

Who wants to be an Entrepreneur?

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“I am going to be an entrepreneur” is a statement, in my opinion, with about as much viability as saying “I want to be a unicorn” or, perhaps more aptly, “I want to be determined, motivated and able to make a product” which according to Matt Clifford, co-founder of Entrepreneur First, are the main attributes conducive to being an “entrepreneur”. Matt Clifford and Matthew Stafford founded Entrepreneur First and Student Upstarts respectively, both companies that aim to offer starting your own business as a “third option”, as Stafford describes, to recent graduates. It became increasingly apparent whilst interviewing Clifford that “becoming an entrepreneur” was a phrase best replaced with “becoming a founder” of a company, with his focus being on people who want to start something and who are determined rather than being desirous of the “glamorized” image of entrepreneurship. On asking him how one would get onto his program he said that those who had founded companies through Entrepreneur First so far had “come in all different shapes and sizes” and from “wildly different backgrounds” but the defining feature was their “extraordinary determination”. Stafford described how he wanted leaders, people who would “inspire others to go through the lows as well as enjoying the highs” of starting their own business.

Although on the face of it, Student Upstarts and Entrepreneur First are doing much the same thing their recruitment focus is very different and indeed Stafford, from Student Upstarts, has even invested in AvoCarrot, an Entrepreneur First team from the last batch. Stafford invests at the point where the team has an idea, they don’t need to have “a product, or traction, or a company”, just an idea. Entrepreneur First, on the other hand, start even earlier before there is a team or idea – Clifford is looking for pure talent and spark with a view to mixing 30 to 40 graduates together to see how they interact and ultimately to create teams of about 2-3 people who then come up with an idea. So for recent graduates this is great if you are looking to create a business, with no money and no connections it would seem to me to be a good idea to try the corporate route, learn the ropes and then break away but according to Stafford delaying “in the belief that corporate life will somehow prepare [you]” is a no brainer for him – “it won’t”. Similarly, Clifford describes how internships used to be seen as a way to show that you could knuckle down and work but how photocopying for two years does nothing to show off your talent whilst “two years of founding a company shows off your talent way more than being in a less corporate environment”. In this vein, Clifford went on to mention how whilst 75% of those who had come through Entrepreneur First were still founding or developing their own companies, 100% were employed by the end of the program.

With 100% employment behind you it seems an obvious choice – why the hell not? But starting your own company does come with risks – according to insiderstartups.co.uk 1 in 3 start-ups fail in the first three years. Stafford agreed that “sometimes” it could be a risky business but that “high risk can equal high reward” whilst Clifford described going through Ent First as being “as risky as a gap year” and that he and his co-founder Alice are “always walking a fine line between making it less risky and too safe” as the “risk of failure is often what pushes people”. As I mentioned above both Stafford and Clifford are trying to advertise entrepreneurship as “the third option” – the latter describes how “Entrepreneur First fundamentally challenges the idea of a career” giving graduates more “autonomy, choice and leadership”. He also argued that as well as being no more risky than a gap year “no one has missed an opportunity” with many of those recruited by Entrepreneur First going on to work with companies such as Starbucks and Google who find that “entrepreneurial talent is one of the most important talents for them” but with it being “relatively difficult” to attract.

Both companies provide an initial investment, Student Upstarts offers £15,000 whilst Ent First usually puts £17,500 forward both in return for 8% equity. They also both provide accounting and legal support as well as fast tracking their teams to meeting the relevant network of people. They also both provide a working space in central London. This business model of providing support and that little push that graduates, with no money and nowhere to work, might need to turn an idea into (hopefully) a cash-cow, indeed Stafford recalls his motivation for starting Student Upstarts was that he “wanted to start a company after [studying] computer science but had no money, no network, nowhere to work and no idea how to go about it”. Apart from the fact that they invest at different stages of the business, as I mentioned above, their support and ethos is similar although they do differ in market focus. Student Upstarts “will invest in areas that excite [them] and where [they] think [they] can be useful” and have a view to invest in 100 companies by 2015 whereas Entrepreneur First has a strong focus on technology as Clifford describes that the last generation of entrepreneurs were working with a very different audience and how “scale meant something very different” due to the fast pace of the internet. Although Clifford said that “a lot of the people we are going to need to do this will have a skill that you can find in engineering and computer science” or with a background in technology Entrepreneur First does also take on people who have no technological background. At this point in my conversation with Clifford I was thinking “ah, technology… I can’t tell a hard drive from a floppy disk and please don’t even try to get a USB involved” but magically he heard my thoughts and suddenly mentioned Entrepreneur First’s new “Code First” scheme which is aimed at involving women in their company more by teaching them about technology. He even went as far as to invite me to a “Code First” training day. He said that it was actually “embarrassing” how few women took part in the program and that he was “massively passionate” about involving them “because it’s the right thing to do but also from a cynical point of view” as since his company recruits on the basis of talent he did not want to lose “50% of the talent”. In fact, they are launching an Oxford version of “Code First”, which piloted in London this summer and “made young women see that [technology] was not a boys club”.

So is the “third option” the right option? As a student with little technological knowledge, and even less of a clue about my future prospects, starting my own business has never been on my list of possible outcomes for my degree. With such a focus on graduate schemes and attaining a job after University, and having had little success, this could be a very interesting and lucrative experiment – especially when I hear the total sales for Entrepreneur First last year hit $1 million. So far, they have had a 100% employment record. Not bad. What could go wrong?

Garden Charm

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CLOTHES Pink tinsel cropped top and matching skirt, both Topshop; Jewel necklace and rhinestone cuff, both H&M; Pearl embellished sunglasses, ASOS; Black lace detail dress, ASOS; Scarf (worn as headband), vintage; Tortoiseshell cateye sunglasses, Forever21; Pink court shoes, Topshop; Green structured dress, Topshop Boutique; Flower necklace; Pink silk headband, Miu Miu.

MODEL Francesca Geoghegan
PHOTOGRAPHER & STYLIST Tamison O’Connor

Castle Mill housing named amongst ugliest in UK

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Oxford University’s student accommodation at Port Meadow was named amongst the candidates for the 2013 Carbuncle Cup, the Building Design Online prize for the UK’s worst building. However, the award went instead to the New Hall project at University College London.

The series of five-storey complexes, which comprises of 439 units, has received much criticism for obstructing the view of the Dreaming Spires from Port Meadow, a valued green space in North Oxford. Since December 2012, the Save Port Meadow Campaign has been working with members of the community to, at the very least, lower the buildings and repair the landscape.

Matthew Sherrington for the Save Port Meadow Campaign commented that, “The Carbuncle Cup was just a bit of frivolous fun, even if it did heap national media embarrassment on the University. The serious issues are the failings between the City Council and the University in ever building it in the first place.”

A second year classicist responded to the news, saying, “Obviously it’s terrible that Oxford is losing these historic views, but some foresight would have been helpful in not approving the building plans in the first place.”

The Save Port Meadow Campaign is not unsympathetic to the need for student housing in Oxford but notes, “The main concern has been the size of the buildings, exceeding the tree line by two storeys and so ruining both the views and the experience of Port Meadow.”

The Save Port Meadow Campaign is concerned with just that. Sherrington said, “There is now an independent inquiry underway into the whole planning fiasco.” He has partnered with the Campaign for the Protection of Rural England (CPRE) to assess the legality of the development.

Indeed the £21.5m construction has received an outcry of negative feedback from thousands of community members and the CPRE is scheduled to take the case to High Court on 23 October.

The proposed lowering of the buildings would require an expense in the millions of pounds, at which a recent graduate in English sided with the campaigners, stating “If the council permitted the building to be built in the first place, they should bear the costs of having them reduced to restore the valuable scenery of Oxford.”

Visiting students may risk reputation

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An internal report by the University of Oxford has voiced concerns that high fee-paying “associate members” may be threatening the academic reputation of the University. 
 
It states that the emphasis in the admissions process appears to be on finances rather than grades, claiming, “Although there is some assessment of their GPA scores before they are admitted by each college, the transaction seems to be one of a purely commercial kind.” 
 
Most such students do not apply directly to colleges, but are accepted via a commercial company which takes a cut of their fees. The largest  of these companies is the Washington International Studies Council (WISC), which charges $20,900 (£13,400) per term. The firm places students with a number of colleges, including Magdalen, Christ Church and New College, which receive around £4,000 per student per term.
 
Senior Oxford members criticised this cash-conscious approach. Associate members are said to “pose a severe reputational risk” due to “often low” standards of admission. 
 
In defence of Oxford’s acceptance of associate members, a university spokesperson told Cherwell, “Associate members are not Oxford University students and do not take up student places. They do not receive teaching and do not gain an Oxford qualification. This is made clear upfront.”
 
The Oxford Study Abroad Programme (OSAP), a company similar to WISC, states on its website that associate members must have a grade point average of at least 3.2 out of a possible 4.0 to study. Visiting students also fall under the umbrella of associate members, with a GPA minimum of 3.7 out of a possible 4.0 according to both WISC and OSAP. To study at Magdalen through OSAP the minimum is 3.6.
 
The official academic criteria for visiting students has, according to the University website, “no minimum qualification…each application will be considered according to all the information available and in comparison with other applications.” 
 
Most colleges require  evidence of academic achievement by way of grades and references.
 
As well as evidence of academic achievement, associate members are also expected to pay fees (likely to be in excess of £5,000) on top of their college fees. Fees are adjusted according to the length of time in Oxford, but most colleges give priority to applications for a year rather than a single term. With EU fees capped at £9,000 per annum, the existence of visiting students programmes and associate members allows the University to make up the shortfall by charging a premium for college facilities.
 
A University spokesperson said, “Associate members…pay a fee to use college facilities for a term as a way for colleges to make their facilities more widely available and earn income.” 
 
Associate members apply through the normal channels and receive an Oxford qualification for a similar tuition fee. NUS’s International Students Officer Daniel Stevens previously described some programmes as ‘cash cows’.

Corpus renovation delayed

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Hundreds of Corpus Christi students, including many finalists, have been told that they face significant disruptions to their living situation over the coming year as the result of delays on a major college property development.

In a circular e-mail sent to the Corpus JCR on Monday, the Domestic Bursar Colin Holmes informed undergraduates that building work on the New Building on Magpie Lane had been delayed until perhaps as late as January 2015. The interruption has been attributed to efforts by the 20th Century Society, who have successfully applied to have the building listed with English Heritage.

The plans for refurbishment had originally included a completely redesigned floor plan and a modernisation programme for some of the older rooms within New Building itself. In order to accommodate the building work, most 2nd years and a large number of finalists were due to be moved to offsite accommodation during Hilary and Trinity of 2014.

Whilst it has been confirmed that accommodation for fresher undergraduates is ring-fenced by the college for the entirety of 2013/14, the majority of 2nd and 3rd year Corpus students have now been told that they must re-enter a fresh room ballot on Monday of 2nd Week in order to select alternative accommodation for the coming Hilary and Trinity terms. The extra rooms have mostly been collected from those on the main college site, whilst some students will be offered college-owned properties in Summertown and Jericho.

In the e-mail sent to the Corpus JCR early on Monday evening, the Domestic Bursar Colin Holmes expressed his considerable displeasure at the delay, saying, “This is extremely annoying and frustrating for those of us who have been working hard on the project and will mean that the College incurs considerable extra expense and that the modernised rooms will not be available as soon as we hoped.”

Many Corpus students, however, have responded more positively to the news. One Corpus finalist said, “The delay in the building project has actually come as very welcome news to me and to most other Corpus students – under the plans, finalists, who normally live in the nicest rooms in college, were going to be forced to move out to offsite housing. The delay means we get to stay in college all year.”

Corpus JCR Accommodation Officer Vicki Halsall said, “The response to the news of a delay to the developments of Magpie Lane have generally been met with positive responses from many students, particularly to those finalists who will now be able to live in college the duration of their final academic year.  College have been very accommodating in trying to ensure this delay has as little impact on the students as possible, and the fact the ballot will be happening so early this term reflects their desire to ensure certainty and clarity for all students affected.”

She added, “The delay makes the job of organising housing for the subsequent terms of this academic year less stressful than it was anticipated to be, as the finishing of the Lampl Building on Park End Street means that Corpus is able to offer a higher quality of accommodation to a greater number of students.”

Magpie Lane runs south from High Street to Merton Street, between Merton and Corpus Christi. Whilst the street itself dates from at least the 13th century, almost all the buildings in the alleyway date from after 1900. Corpus Christi owns the majority of the property on the west side of the street, most of which was demolished in the 1960s to make room for more modern student accommodation.

The application to acquire listed status for the New Building was submitted by the 20th Century Society, an organisation who describe themselves as existing to “…safeguard the heritage of architecture and design in Britain from 1914 onwards,” and “…protect the buildings and design that characterise the Twentieth Century in Britain.” Other recent successful listing projects by the 20th Century Society include the recently vacated BBC Television Centre and the iconic red telephone box.

Whilst nobody was available to comment on the individual case involving the New Building, a spokesperson for English Heritage said, “Fewer than five percent of properties listed with English Heritage date from the post-1914 period. Listed buildings from the 20th century are relatively rare, and are usually of exceptional value or historical significance. Listed status is not the same as a preservation order, it does not prevent any change indefinitely. Where listed status is conferred during the planning stages of construction this usually means that consent must be sought from local authorities and plans have to be redrawn in accordance with a building’s special interest.”

 

 

 

 

Vice-Chancellor reopens debate over tuition fees

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He made the remarks in his annual Oration speech, saying that current funding “doesn’t add up for Oxford.” Hamilton stopped short of calling for immediate rises in fees, but said that Oxford faced a funding “chasm” because recent increases in fees had not met the funding gap for undergraduate tuition.

Hamilton also mentioned having read that other universities were “doing very nicely thank you” from annual tuition fees of £9,000.

An Oxford spokesman emphasised to Cherwell, “There is no suggestion that the entire shortfall Oxford faces should be made up through fee increases. What the Vice-Chancellor did was to raise the idea as an option the University might come to consider.” The Telegraph newspaper and The Tab both ran headlines on Tuesday suggesting Hamilton had asked students to meet the entire cost.

Vice-Chancellor Hamilton has faced criticism recently for accepting a pay package of £424,000 last year, an amount that could cover 60 funding shortfalls for undergraduates.

Tom Rutland, OUSU president, attended the speech and made his position on any tuition fee increase clear: “Students’ pockets have already been raided by this government when it betrayed them and trebled undergraduate tuition fees in 2010. The idea of students paying even more is unthinkable and will be wholeheartedly opposed by students in Oxford and across the country.

“It is extremely concerning to hear talk of fees increasing, especially from the Vice-Chancellor of our university… With such strides forward in our access schemes and bursary packages in recent years, the discussion about increasing fees further risks alienating and pricing out those people we are reaching out to.”

However Sally Hunt, general secretary of the UCU lecturers’ union told BBC News: “Prof Hamilton should perhaps be applauded for going after one of the rawest nerves in politics to try and get higher education funding back in the spotlight – something we fear no party will be keen to do this side of the general election.”

Currently the gap in funding is met by philanthropy and other incomes like the OUP, meaning that Oxford runs a 5% operating surplus. A spokesman said, “This is sufficient to sustain the current infrastructure of the University … we don’t need to borrow money.”

However, Hamilton also raised the possibility of Oxford issuing a bond to borrow in the future, in line with other top universities, to improve its facilities. He stressed that this would be only after “careful reflection.” The spokesman added, “And whatever happens, access must be regardless of finances.”

Oxford at number two in world rankings

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The University of Cambridge was five places below, coming in in seventh, whilst Imperial College London was the only other British university to make the top ten, coming in 10th position.

Despite these successes, a number of UK universities were ranked lower than in recent years. Traditionally well-respected universities such as Manchester and Bristol fell from 48th to 58th place, and from 66th to 79th place respectively. University College London has also slipped to 21st from its position in 17th last year.

The disproportionate success of Oxbridge and the London universities, however, has led to concerns that funding and research have become too focused on this so-called “golden triangle”, which has reduced the available resources for universities in the rest of the country.

Phil Baty, editor of the rankings, commented, “On the whole, the UK has had a very stable year, with little overall change to its position behind the US as the world’s second best higher education nation. This is good news after stark evidence of decline in last year’s rankings.

“But there are still concerns for our world-leading ‘brand name’ institutions: Imperial College London, University College London plus the universities of Manchester and Bristol have all slipped to varying degrees.”

Dr Wendy Piatt, director general of the Russell Group, which represents 24 top universities, including Oxford and Cambridge, said, “The Government was right to protect research spending and talk up the importance of science and research for the future growth of the UK.”

“But investment in the UK still lags far behind the US, China and many other Western European countries. And the global race is hotting up – with many Asian universities continuing to climb up the rankings.”

Oxford students Rebecca Fynn and Rosanna Holdsworth told Cherwell, “Although we’re pleased that Oxford has done so well, it shouldn’t be at the cost of other universities’ success.”

Another student at Oxford, who wished to remain anonymous, also commented, “I don’t really care about the success of other universities. Oxford does well because they choose bright students who work hard, and spend a lot of time and money on research. We deserve to do well, and we do.”

Balliol celebrates 750th anniversary with art installation

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A new art installation has been placed on the flag tower of Balliol College to celebrate its founding of the college 750 years ago.

The temporary installation was commissioned by artists Roger Perkins and Kay Sentence, and is named 1263 after the year that the college was founded.

Taking the form of two illuminated hearts, the commission is a testament to the founder of Balliol College, John de Balliol, and his wife, Dervorguilla.

The installation, constructed from LED lighting, steel, and clear plastic tubing, forms a visual reminder of this piece of Balliol’s history.

When viewed from various positions on Broad Street, 1263 can appear to be both abstract shapes and complete hearts.

One Balliol student commented that the installation is, “a charming and boundary-pushing modern sculpture that looks a bit different depending on where you look at it from.”

They also called it “a touching testament to John de Balliol and Dervorguilla’s love that made the college possible.”

Another student, however, said that it was “a bit of a weird idea executed in a weird way”.

Oxbridge application may contravene EU law

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Competition lawyers speaking to the Times Educational Supplement have suggested that the rule of combination, that prevents students from applying to Oxford and Cambridge simultaneously, could be unlawful.

EU law prohibits the artificial restriction of consumer choice by forming inter-institutional agreements, and applies to companies in particular.

Universities are not usually treated as companies, but recent increases in tuition fees may have affected this status and according to the Times, UCAS itself is a limited company.

The agreement dates from the 1980s when UCAS (then UCCA) tried to stem a flood of joint applications which had become too costly to process.

Dr Farrington, visiting fellow at the Oxford Centre for Higher Education Policy Studies, said that there “may be an element of uncompetitive practice … given the pre-eminence of those universities and their domination of the market”. However he added he would “not like to stick (his) neck out and say this is definitely the case”.

Christopher Townley, senior lecturer in international competition law and regulation at King’s College London also said that competition law “does have lots of implications in universities we haven’t thought through”.

A successful challenge to the Oxford/Cambridge agreement would complicate the admissions process at both universities, with the number of candidates deserving an interview potentially doubling. A change might also give more importance to the UCAS form and pre-admission tests, with more candidates being eliminated without an interview.

A spokesperson for the University of Oxford said: “…we compare all applicants for each subject against one another in one go in a gathered field, using multiple selection methods.

“This would be made significantly more difficult if the rule of combination was removed and applications increased sharply.”

Cambridge also wrote: “(t)he rule benefits students by accommodating the university’s holistic admissions selection process, which is central to our commitment to fair admissions and enables students from all backgrounds to demonstrate their potential.”

OUSU and CUSU, the universities’ student unions, expressed strong support for the rule of combination saying it aided fair access. It is difficult to know if similar support could be among students who made unsuccessful applications to Oxbridge.

The lack of overlap between some of the undergraduate courses on offer at Oxford and Cambridge would test applicants’ skills at writing personal statements that were relevant to tutors at either university. In Economics for instance Oxford only offers joint degrees, whereas Cambridge offers the subject as a standalone degree.

Most students asked by Cherwell said that they would probably have applied to both Oxford and Cambridge, given the chance.

 

Essay Crisis writer reveals identity exclusively to Cherwell

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The author of Oxford’s renowned procrastination tool, essaycrisis.tumblr.com, has exclusively come forward to Cherwell to announce her true identity having remained a mystery to Oxford students for years.

The brains behind “I’m Having An Essay Crisis” revealed herself to be Madeleine Foote, a history student at St Peter’s.

She told Cherwell, “I love when I see people checking Essay Crisis in the library and laughing, empathizing with situations that we believe are unique to us but are common to most Oxford students.

“I like doing Essay Crisis because nothing could be better than procrastinating by trying to think of a way to make people see the humour in their everyday life and laughing at themselves.”

‘Essay Crisis’, which has over 2,000 Tumblr followers and 1,577 likes on Facebook, receives up to 10,000 individual hits a day, predominantly from struggling Oxford students. However, Foote adds that, “After Oxford, my biggest following is in Cambridge. Tabs can’t win, they have to look to us for their laughs.”

The momentous news has understandably shocked students across the University.

Those close to Madeleine were taken aback. Exeter Student Tim Glover said, “I am absolutely astonished that my friend Madeleine is behind the world-famous blog; it is unbelievable. In fact, I literally don’t believe it. Madeleine is definitely not funny enough to be Essay Crisis. Also Essay Crisis swears a lot and references things like sex and alcohol, which I’m certain someone like Madeleine would never say or talk about. I call hoax.”

Brasenose student Jonathan Goddard added, “She’s well known for her omni-competence, but I always assumed that the one thing she lacked was comic ability. Now, it looks like she has that in spades too!”

Shirley Halse said, “It’s an incredible revelation to finally know the face behind one of the best loved and comical of Oxford establishments.

“On a personal level, it is an honour to share 3 mutual Facebook friends with such an institution.”

Thomas Cranshaw, a medic, agreed, commenting, “I am overjoyed to hear such fantastic news. It’s been a tough couple of years for me, always wondering, but never knowing. As someone who spends upwards of 6 hours a day refreshing the site it’s a real relief to finally be in the know.”

However, not all were impressed by the news. One Classics student said, “Who is this girl? Why do we care? I never even thought the website was that funny. To be honest it made me embarrassed to share the same problems which lame gifs were being made about.”