Outcome of VCIC
VCIC was great. Our team did not win but I had great fun and learned a lot about how VCs assess opportunities and how entrepreneurs should pitch when trying to raise capital.
The competition worked this way:
The competition worked this way:
- Business plans from 5 real companies looking to raise venture capital were given to us on Thursday at 6pm. As a team, we assessed the plans and developed a list of questions for the due diligence session.
- On Friday 1pm, the entrepreneurs presented their companies. 10mn presentation each during which teams were not allowed to ask questions.
- From Friday 3pm to 6pm, each team rotated with the entrepreneurs and was allowed to ask questions during 15mn.
- The investment decision (term sheet, presentation and executive summary) was then due on Saturday noon and presentations with Q&A from judges occurred in the afternoon
posted by k at 7:12 PM
2 Comments:
Hi Karibu, I read about the result of the VCIC competiton on the website of LBS. Sorry that the LBS team did not win this year (the competiton itself is sponsored by LBS, isn't it?) but from your description, it surely looks fun! I will definitely try to participate in it when I do my MBA in LBS.
Hi Jen,
Actually the LBS team will participate this week to the semi-finals in New York. The competition my team and I lost was the internal one to decide which LBS team should represent the School in New York. Actually, the School that created it is UNC in the US.
Take care
K.
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