A team of Santa Clara University School of Business MBA students received “The Entrepreneurs’ Choice” award during the Venture Capital Investment Competition (VCIC) held at University of Southern California on March 2.
The students, all from the Class of 2012, placed third in the overall competition, which included MBA teams from California and the western states. MBA students Manoj Yadav, Suraj Ayinikatt, Vinod Nair, Shashank Suggar, and Padma Nagaraja, comprised the SCU team that had previously won in the internal business school “intramurals,” sponsored by the Entrepreneurs’ Connection (a graduate business student club), and the Center for Innovation and Entrepreneurship.
Similar in format to a business plan competition, the VCIC emphasizes the role of venture capitalists. Teams heard real-life pitches from entrepreneurs, and were scored on their analysis and evaluation of the plans. The SCU team topped competitors from UCLA, San Diego State, and Arizona, finishing just behind Colorado and Thunderbird University (AZ).
SCU team members said "VCIC was a great experience. Through our preparation and participation, we gained special insight into the reasons why VCs pick the companies they fund. We saw how specific aspects of the business model inlfuences their financial decisions, what specific constraints the VCs themselves are under, and how in doing all this, they encourage a new gneration of entrepreneurs."
It is the second year in a row that the SCU team has taken "The Entrepreneurs' Choice" award, which is voted on by the participating entrepreneurs as "the team with which they would most like to work."
Alumni Steve Foster ‘84, Rocky Pimentel ‘77, and Andy Bartley MBA ‘10 were SCU team mentors, and student leaders Quyen Le and Terry Tran, coordinated the events.