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Venture Capital Investment Competition

Posted by Steve on 17 February 2010

One of the great things about LBS is all the top competitions we are invited to enter.  The VCIC definitely falls into this category.  The competition is all about real entrepreneurs, real ideas and real venture capitalists, more infrmation is on the link below:

http://www.vcic.unc.edu/

In a nutshell it's like Dragons Den.  We had to act as venture capitalists and had to meet with and assess four real life entrepreneurial ideas and then negotiate and strike a deal with one of them, all while beig evaluated by real venture capitalists.  Fortunately for me, my team won the LBS round and we are now flying to New York for the next round, courtesy of Brown Rudnick, the US law firm who sponsor the competition.

Not only were we provided with a great day of learning and excellent feedback from the VC firms, but copious amounts of champagne and a number of upcoming lunches with the VC firms to help prepare us for the next round.  As a team of five we are very much looking forward to the trip and a chance to prove LBS deserves its place as the world's number 1 MBA

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