(In order to register for the VCIC competition, teams must be represented on both days of the bootcamp.)
Attention Entrepreneurs, hopeful VCs, strategists, salesmen, and the classic generalist...
It's time to prepare for the year's most challenging and rewarding competition...the Babson Internal Venture Capital Intensive Competition, part of an International MBA event.
VCIC 101 - Tuesday, Feb 1st: 2:00-3:30pm - Olin 102
This event will be an intense training session for Babson's VCIC competition on Feburary 12th. We will be issuing a sample business plan for analysis and covering term sheet strategies, including key terms, business analysis, and valuation techniques. Think of this as a crash course combining topics we have covered in the past but in a VCIC format.
VCIC Mock Competition and Registration - Thursday, Feb 3rd: 4:30pm-6:30pm - Olin 102
Joining us is Babson's own Yumin Choi, Senior Associate at HLM Ventures Partners, who will be walking us through his approach to Tuesday's sample business plan. Between Tuesday and Thursday, teams are asked to prepare term sheets on the sample business for a live discussion and comparison with Yumin. This will not only simulate the VCIC event, but will give students direct interaction with a VC - the best form of VCIC preparation. All teams are asked to be present in order to sign NDAs and register for February 12th.
***The winning team on February 12th can expect one of a kind interactions with the club's VC advisors in addition to coaching and advice in preparation for the regional event.
VCIC Competition - Saturday, Feb 12th: 8am-5pm - Olin Auditorium
The Big Show. Teams will be presented business plans the night before. Saturday morning, the companies will present their investor pitches. After a short break each team will have the opportunity to interview each entrepreneur. After interviews are completed, the teams will choose a company in which to invest and write up a termsheet. Each team will then have fifteen minutes to negotiate their term sheet with the entrepreneur. At the conclusion of negotiations, the VCs, who will be watching all of the days proceedings, will question the team on its actions throughout the day. They will then provide some brief feedback. Once all teams have finished, general feedback will be given and a winner will be announced. The winner will go onto the regional competition.
