VCIC is NOT a business plan competition.

You will be participating in an interactive simulation of the VC process in which the students are the VCs.
Real startups (you) come to pitch and meet our VC judges.
The judges are assessing the students’ performances.

The VCIC Experience for Startups

 

1. Submit Pitch Deck

On the Monday prior to the event, send in your pitch deck so that students can start their research before the event. Also send us any other materials that can help jumpstart the teams’ research (market reports, industry overviews, white papers, product demos, etc.)

2. Startup Pitches

The event begins with 10-minute startup pitches — you are our VIPs — to a congregation of about 50 people. Think of this as a SECOND meeting, as the teams will have studied your initial deck already.

3. Due Diligence

We then break out into due diligence sessions. Each team will have 14 minutes with you to ask ALL the questions they have. Please do your best to answer quickly, but also respond naturally as you would to any VC firm.

4. Lunch with VCs

Spend lunch discussing your startup with our VCs. Take advantage of the opportunity to get direct feedback about the morning sessions. Don’t be shy about asking for connections!

5. Free Time
(or Done)

For undergraduate events, you will be done after lunch. For MBA events, you will have a couple of hours in the middle of the day to catch up on running your business!  

6. Negotiations

MBA Events Only: if you were selected by one of the top teams, you will get the opportunity to have a mock term sheet negotiation.

7. Awards Ceremony

Along with the student team prizes, the founding team with the most term sheet offers will receive a plaque for being VCIC “Startup of the Year.”

Regional Finals Event Agenda (Feb/Mar)

  • Monday 5:00 p.m.  — submit robust “leave behind” pitch deck + financials
  • Friday  (sometimes on Saturdays)
    • 8:30  Technology check
    • 8:50 Orientation for everybody
    • 9:00  Startup pitches
    • 10:00  Due diligence sessions (14 minutes Q&A w/team, then step out for 3 minutes for judge/team Q&A)
    • 12:00  Lunch with VCs
    • 12:30  Free time (For undergraduate events, you will be done at this time. For MBA events, you’ll have negotiations later.)
    • 1:30   Term sheets will be submitted from teams
    • 3:45  Negotiations (top 2 teams only, 10 minutes each)
    • 4:30  Awards ceremony, including “Startup of the Year” for startup with most term sheets

 

Global Finals Event Agenda (April in Chapel Hill)

  • Monday
    • 5:00 p.m.  Submit robust “leave behind” pitch deck
  • Friday
    • 8:30 a.m.  Tech check
    • 9:00 a.m.  Speaker Panel : State of Venture Capital
    • 9:30 a.m.  Startup Pitches
    • 11:10 a.m.  Morning Due diligence sessions
    • 12:30 p.m.  Lunch with VCs
    • 1:30 p.m.  Afternoon due diligence sessions
    • 4:20 p.m.  Team Wrap-Up
    • Evening   Dinner with VCs at local LP’s house
  • Saturday
    • Morning   Free time to catch up on work
    • 1:00 p.m.   Negotiations with top MBA teams
    • 4:00 p.m.  Awards Ceremony (prizes for top students teams and “VCIC Startup of the Year”)
    • 6:30 p.m.  Networking event at local restaurant