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All Rights Reserved.",{"enabled":28,"complete":28,"capacity":233,"label":44,"stale":35,"items":234},4,[235,241,245,249],{"contentId":236,"contentType":237,"label":238,"href":239,"source":240},"3IO50DiUrQm8ML20joajCL","article","Defense Innovation at Darden","\u002Farticles\u002Fthe-business-of-national-defense-is-changing-so-is-the-classroom","algolia",{"contentId":242,"contentType":237,"label":243,"href":244,"source":240},"4mDfyVZuEtdDW9g96wu1rU","On Academic Freedom","\u002Farticles\u002Fon-academic-freedom",{"contentId":246,"contentType":237,"label":247,"href":248,"source":240},"2GBmzAadCKzwTWJggqmArB","Christopher Fuller Named CMCO","\u002Farticles\u002Fchristopher-fuller-named-chief-marketing-and-communications-officer-at-uva-darden",{"contentId":250,"contentType":237,"label":251,"href":252,"source":240},"5QtyLWjq3hauPenG5pGTED","Alumni Career Advice","\u002Farticles\u002Fin-uva-dardens-classroom-building-six-alumni-put-career-advice-on-the-wall",{"path":254,"template":255,"content":256,"context":419},"\u002Farticles\u002F2020s-most-disruptive-startups","articlePage",{"id":257,"title":258,"slug":259,"path":254,"modifiedAt":260,"summary":261,"publishedDate":266,"topics":269,"authors":272,"insightsFrom":273,"topper":274,"bodyBlocks":283,"outro":374,"seo":411},"legacy-article-5649","Alumni Venture Named One of 2020’s ‘Most Disruptive Startups’","2020s-most-disruptive-startups","2026-09-24T22:03:33.268Z",{"plainText":262,"inlines":263},"Tack has been named one of the “most disruptive” startups of 2020.",[264],{"type":265,"value":262},"text",{"display":267,"dateTime":268},"28 October 2020","2020-10-28T15:01:31.000Z",[270],{"id":271,"label":79,"href":80},"entrepreneurship",[],[],{"id":275,"variant":276,"title":258,"subheadline":33,"topic":277,"image":278},"legacy-article-5649-topper","small",{"id":271,"label":79,"href":80},{"src":279,"alt":280,"aspectRatio":180,"width":181,"height":181,"bynderDat":281},"https:\u002F\u002Fimages.darden.virginia.edu\u002Ftransform\u002Fsquare-medium\u002F1c174775-75c9-4f2a-8d5f-e76264ea72ec\u002F5649-jpg","5649-jpg",{"baseUrl":18,"assetId":282,"name":280,"preset":185},"1c174775-75c9-4f2a-8d5f-e76264ea72ec",[284],{"id":285,"contentType":286,"region":287,"render":288},"legacy-article-5649-body-0","richText","body",{"component":289,"props":290},"RichTextBlock",{"content":291},{"blocks":292},[293,311,316,335,350,355,364],{"type":294,"content":295},"paragraph",[296,301,304,308],{"type":297,"value":298,"href":299,"external":28,"marks":300},"link","Tack","https:\u002F\u002Fwww.tacktip.com\u002F",[],{"type":265,"value":302,"marks":303},", the contactless digital tipping company started by two Class of 2020 alumni of the ",[],{"type":297,"value":305,"href":306,"external":28,"marks":307},"University of Virginia Darden School of Business","https:\u002F\u002Fwww.darden.virginia.edu\u002F",[],{"type":265,"value":309,"marks":310},", has been named one of the “most disruptive” startups of 2020.",[],{"type":294,"content":312},[313],{"type":265,"value":314,"marks":315},"The company, which was founded by Alexander Spencer (MBA ’20) and Stephen Joy (MBA ’20) received the accolade from Poets & Quants, which featured top startups recently born out of a number of MBA programs.",[],{"type":294,"content":317},[318,321,325,328,332],{"type":265,"value":319,"marks":320},"In a ",[],{"type":297,"value":322,"href":323,"external":28,"marks":324},"profile","https:\u002F\u002Fpoetsandquants.com\u002F2020\u002F10\u002F23\u002F2020-most-disruptive-mba-startups-tack-university-of-virginia-darden\u002F?pq-category=students",[],{"type":265,"value":326,"marks":327}," on the site, the founders detailed the origins of the company, which was a participant in the UVA ",[],{"type":297,"value":329,"href":330,"external":28,"marks":331},"VentureLab Incubator","https:\u002F\u002Fwww.darden.virginia.edu\u002Fbatten-institute\u002Fventures\u002Fventure-lab",[],{"type":265,"value":333,"marks":334},", as well as the corporate pivot they undertook in the wake of the COVID-19 pandemic, and how Darden has helped push their venture forward.",[],{"type":336,"paragraphs":337},"blockquote",[338,346],[339,343],{"type":265,"value":340,"marks":341},"How has your MBA program helped you further this startup venture? ",[342],"bold",{"type":265,"value":344,"marks":345},"Besides teaching us the fundamentals to feel confident enough about starting a business, our second year at Darden really honed our entrepreneurial drive. Alexander’s second-year classes emphasized the new digital world, network effects, and what has made companies successful in the digital age. Stephen focused heavily on finance and venture capital, helping him to build a strong network of reliable mentors for our team.",[],[347],{"type":265,"value":348,"marks":349},"Our team had started to talk with potential customers, and worked on the business plan, but it wasn’t until the beginning of our second year when we really got serious about the project. It started in the fall with taking Venture Capital with Professor John Glynn, a legendary Silicon Valley venture capitalist. He forced us to write out a business plan and challenge ourselves with calling every single hotel in Charlottesville about whether they would be interested in our product. Professor Michael Lenox’s Strategy in the Digital Age helped us understand our digital value proposition and the value of customer and employee data to employers. We then worked on an independent study throughout the winter with Professor Saras Sarasvathy. Using her “effectuation” method, we began to build a pitch deck, enter into some venture discovery competitions, interview friends and colleagues, and start building out a network to help us launch the venture. The city of Charlottesville, and the larger UVA Darden community, has quite an active venture capital community that really helps to empower Darden students. 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