Global Entrepreneurship Week: 2009 Internal VCIC®
Finishing Global Entrepreneurship Week with a high note, the CIE and graduate student network Entrepreneurs Connection (MBA EC), together with the Leavey School of Business Graduate Business Program presented the internal Venture Capital Investment Competition, a first-round competition to evaluate student VC teams to determine the team to represent SCU at the Silicon Valley regional competition of the international 2010 VCIC®.
The Venture Capital Investment Competition - VCIC is the nation's premiere strategy competition for venture-minded and entrepreneurial MBA students. This competition gives students from top business schools a real-world venture capitalist experience. Unlike business plan competitions, in which contestants pitch their own ideas to investors, students participating in VCIC play the role of investors and review pitches presented by real entrepreneurs.
Each student team competing in the event will play the role of a venture capital firm that must go through the entire investment process real investors experience at VC firms. Entrepreneurs, with real business plans, then present to the student teams in a 10-minute pitch outlining their business visions. This role challenges the competing students to identify and analyze critical risks in the entrepreneurs’ business plans. Through the VCIC, investors alike have funded startup ventures in excess of $325 million since 1996.
The internal competition featured the same rigorous schedule as the actual competition. Congratulations to the winning team VCSC: Andrew, Zaitsev, Abhi Puthenveetil, Vinit Khera, Steven Lebron, and Tony Quan Wang.
Special thanks to the panel of judges: Derek Dukes, Gopikrishna Mamidipudi, BV Jagadeesh and Dr. Michael Gibbs.
Kudos to the EC planning committee Aditya Kapoor, Nick Kurns, Joy Taylor, Ping Huang, Srivats Srinivas, and Pamela Lue for organizing this event. Details about the Silicon Valley regional of the 2010 VCIC will be forthcoming. Good luck to Team VCSC in 2010!