VCIC is NOT a business plan competition. You won’t be judging business plans!

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

The VCIC Experience for VCs

1. Startup Pitches

The day kicks off with pre-screened startups pitching to the entire congregation, like a mini demo day. No questions allows. Everybody observes quietly.

2. Due Diligence

Each team will have 14 minutes with each founding team while judges observe quietly. After 14 minutes, the founders will quickly step out, and judges have 3 minutes to ask questions.

3. Judges’ Lunch Meeting

Over lunch, the judges discuss the startups (not the teams) to share opinions about how colleagues might structure a deal if they were on a team and were required to submit a term sheet for one of the startups.

4. Partner Meeting

Each team comes to “the boardroom” to pitch their deal to the judging panel. Teams will submit up to 5 pages of written deliverables: an investment summary + a term sheet summary (template provided).

5. Vote

Submit a vote for your top #1, #2 and #3 teams. No deliberations. Votes will be tallied (like at the Olympics) and the top 2-3 teams will be invited to negotiate with their chosen entrepreneurs.

6. Negotiations

Judges and everybody else quietly observe as the top teams have 15 minutes to address key issues in their deal (see judging criteria below). Judges then vote for their top team.

7. Vote

Teams leave and judges submit their #1 vote only. 

8. VC Round Robin

After winners are announced, it is the students’ favorite part of the day, getting direct feedback from you. Please plan to stay to talk to as many teams as you can. Ideally, you’ll spend 5-10 minutes with each team (6 teams total).

Judging Criteria

You will be judging MBA teams based on their demonstration of VC skills, as follows:

judge criteria