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Home > News > Small-tech trio faces stiff competition in MIT's $50k challenge

May 25th, 2004

Small-tech trio faces stiff competition in MIT's $50k challenge

Barnas Monteith enjoyed a young entrepreneurís dream day last week: a sunny May afternoon on the MIT campus, no deadlines to meet, and a cocktail party packed with investors looking for the next big thing. The schmoozing ran full throttle. There was Greg Schmergel, chief executive officer of Nantero Corp., waiting in line at the bar. The crew in charge of Analog Devicesí MEMS division wandered by. A crowd gathered in a semicircle around legendary venture capitalist Vinod Khosla, like students flocking to Plato.


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