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Eller College Home > News, Events, and Multimedia > Press Releases > Anheuser-Busch Entrepreneur-in-Residence

Press Release

Eller Press Contact

Liz Warren-Pederson
Eller College of Management

Angel investor William Payne impacts entrepreneurship students as the 2004 Anheuser-Busch Entrepreneur-in-Residence at The University of Arizona’s Karl Eller Center

While serving as Entrepreneur-in-Residence at the Eller College, Payne will bring the highly-acclaimed “Power of Angel Investing” workshop to angel investors in Tucson.

TUCSON, Ariz. – October 21, 2004 – The Karl Eller Center at The University of Arizona’s Eller College of Management announces that angel investor William Payne will serve as this year’s Anheuser-Busch Entrepreneur-in-Residence.

As the 2004 Entrepreneur-in-Residence, Payne will dedicate two days this October meeting and working with McGuire entrepreneurship students, and will continue to share his entrepreneurial insights with the student teams throughout the year. The two days will include an overview of Payne’s experiences and achievements, as well as break-out sessions with individual business planning teams to discuss their proposed business plans, strategies, concepts, and business models.

As an angel investor, William Payne has helped fund 25 early stage companies, serving on the board for nearly half. For Payne this involvement is about more than financial returns: “I enjoy helping entrepreneurs work through the decision-making process necessary to get started and grow their businesses,” he explains. “I share their enthusiasm for nourishing their companies, creating jobs, and building value in their companies.”

For the past ten years Payne has worked with the Kansas City-based Ewing Marion Kauffman Foundation (, where he currently leads the Power of Angel Investing seminar series, a private workshop for angel investors that has been delivered in cities across the U.S. to rave reviews. About 50 local angel investors will participate in the seminar in Tucson on October 28, 2004.

The full-day Power of Angel Investing workshop is tailored to accredited investors with limited or no angel investment experience.

Gary Libecap, director of the Karl Eller Center and McGuire Entrepreneurship Program, commented, “Bill’s passion and experience make him a perfect choice for the 2004 Anheuser-Busch Entrepreneur-in-Residence. His business success and philanthropic approach to entrepreneurial endeavors align perfectly with our award-winning program.”

A reception to honor Bill Payne is open to the public: Thursday, October 28 at 5:45pm at the Eller College of Management, McClelland Hall, Estes Atrium, 1130 E. Helen Street, Tucson, AZ.

Please contact us for more information about the event schedule at 520.621.2576 or by e-mail at

More about William Payne

With 120 combined years of board experience for private companies and not-for-profit organizations, Mr. Payne is currently Chairman of the Board of SmartConnect, Inc. (Las Vegas) and Vista Staffing Solutions, Inc. (Salt Lake City). He is currently on the board of the Vegas Valley Angels and is actively involved in the San Diego Tech Coast Angels. In recent years, he has been an active member of the Chairmen’s RoundTable, a San Diego mentoring organization; the San Diego Social Venture Partners, venture philanthropy; and the Aztec Venture Network angel fund. Over the years, Mr. Payne has made angel investments in 25 early stage companies and served on the boards of nearly half. For the past ten years, Bill has been an Entrepreneur-in-Residence with the Kansas City-based Ewing Marion Kauffman Foundation, established in the mid-1960s to advance entrepreneurship in America and improve the education of children and youth.

About the Anheuser-Busch Entrepreneur-in-Residence

The Karl Eller Center annually recognizes at least one accomplished entrepreneur as the Anheuser-Busch Entrepreneur-in-Residence. Criteria for selection include:

  • Entrepreneurial success: Growth of an enterpris
  • Innovation: Creativity and success in entrepreneurial activities
  • Enthusiasm: Interest in and commitment to work with one of the country’s foremost entrepreneurship education programs

The Anheuser-Busch Foundation endowed this position to support entrepreneurship education and recognize extraordinary entrepreneurial success and innovation. Entrepreneurs-in-Residence work with students to provide in-depth review and advice about the problems and challenges they face in their business plans. Past Anheuser-Busch Entrepreneurs-in-Residence at the Karl Eller Center include Charlie Horn, Chairman of ScriptSave, Slivy Edmonds Cotton, Owner of The Edmonds Group, Herb Kelleher, Chairman of Southwest Airlines, and Jerry Colangelo, President and CEO of the Phoenix Suns and President of the Arizona Diamondbacks.

The McGuire Center for Entrepreneurship is a National Model Program of the United States Association for Small Business and Entrepreneurship and is home to the McGuire Entrepreneurship Program, ranked the #2 public undergraduate and #1 public graduate program in the nation by Entrepreneur magazine and The Princeton Review. Established in 1984, it was one of the first university-based entrepreneurship centers in the country. Today, the Center offers entrepreneurship education for any graduate program at the University of Arizona and reaches more than 1,000 undergraduate students every semester. With courses in business, law, science, engineering, health, medicine, arts, and humanities, the McGuire Center advances the state and regional economy, advances entrepreneurship education nationwide, and teaches life-long problem solving for economic, social, scientific, and environmental progress.

The Eller College of Management at the University of Arizona is internationally recognized for pioneering research, innovative curriculum, distinguished faculty, excellence in management information systems, entrepreneurship, and social responsibility. U.S. News & World Report ranks the Eller undergraduate program #11 among public business schools and two of its programs are among the top 20 — Entrepreneurship and MIS. U.S. News & World Report ranks the Eller MBA Full-Time program #48 in the U.S. The College is among the leaders of business schools generating grant funds for research. In addition to a Full-Time MBA program, the Eller College offers the 25th ranked Evening MBA program, the Eller Executive MBA and the Online MBA. The Eller College of Management supports more than 5,800 undergraduate and 750 graduate students on the UA campus in beautiful Tucson, Arizona, and a satellite campus in Phoenix.

Press Contact:
Liz Warren-Pederson, Eller College of Management

For additional information, please contact us.