The Competition: Origami Idea Challenge by Origami Partners LLC
The Outcome: Five Haas students beat out teams from Stanford, UCLA, and the University of Texas to win their division and $10,000. They now face seven other finalists for the $50,000 grand prize, to be announced May 16.
The Team: Evening & Weekend MBA students Carmen Maxim, Iris Korovesi, Andrew Masalin, Paul Roberts and Joel Morehouse, all MBA 2016.
The Field: The competition attracted 117 entries from students and professionals around the world. For the final round, Haas will go head-to-head with Dartmouth, University of Virginia, University of Nevada-Reno, Northwestern, Columbia Business School, and the Indian School of Business.
The Challenge: Origami Capital Partners is looking for a unique investment opportunity that is large enough to absorb $100 million of capital and last from one to seven years. Investments can include any asset class or geographical location.
What made them winners (in the team’s own words): We won because we were a diverse team with extensive international expertise and a wide range of industry experience: : investment banking, financial modeling, market intelligence, pricing analytics, technology, architectural engineering, and real estate. Our diverse knowledge and common interest in finance allowed us to come up with various ideas across different sectors and regions, before narrowing it down to the idea that we all felt provided the highest potential upside, using our value investing lenses.
The Haas Factor:
For this competition we questioned the status quo, by pushing ourselves to come up with an idea that ignored geographical boundaries and conventional investment structures. Despite our diverse backgrounds, we all engaged with this competition in an effort to learn from our peers about investing. Our confidence in our idea allowed us to put in long hours of research to come up with a solid investment thesis.
Where your idea/strategy came from: We looked for illiquid investments opportunities that would have long-term value, but are currently undervalued. Our team’s experience with real estate in the US allowed us to evaluate undervalued real estate opportunities in other regions and to identify the structure that would best fit Origami’s investment mandate.
Your most memorable experience from this competition:
Reading the email that we had made it to the last round!