Rainmaking and the London School of Economics (LSE) have worked closely together since 2010 and each year Rainmaking partners mentor teams from the entrepreneurial class. The first batch of teams had a very academic approach to entrepreneurship but in the last two years we have witnessed an increasingly practical approach with much more focus on taking concrete actions and establishment of real companies with websites and revenues before the end of the program.
This year was no exception. We mentored 13 teams and all had put tons of hours into designing and validating their concepts. Several teams had achieved revenues. Others had letters of intents from potential customers or vital partners. Teams had produced real physical products. And several teams had reached into other disciplines to design products, websites or physical stores/shops.
The intellectual quality is always top notch at LSE, but it is also encouraging to see how several teams proved real entrepreneurial talent.
In the end we decided to award the Annual Rainmaking Award to StellArtist, which is an online platform for top quality artist to sell art editions. The team had already established relationships with Guggenheim and leading galleries and artist. And they had developed a beta website plus secured the first orders and produced special editions in cooperation between artist and galleries. Altogether a very impressive team, traction and idea, which we hope we can continue to support going forward.