What is VCIC?

A one-day competition in which students play the role of VCs and real startups pitch for funding.

How it works.

Students

VCIC is a great place to learn about entrepreneurship and venture capital — see FAQ below.

Startups

For startups, VCIC is like an accelerator for the fundraising process.

What it’s like for startups.

VCs

Network with other VCs and get a early peak at our “most VC-backable” startups.

What it’s like for VCs.

Quick Facts for Students

  • VCIC is a competition in which students play the role of investors and real startups pitch to them.
  • Most MBA events take place on a Friday, all day. Most undergraduate events are on Saturdays. See bracket.
  • Teams must be 5-6 students. You may have up to two faculty or staff advisors also attend the event.

How can I sign up?

The event is by invitation only. Your school must be invited. If your school is not on the bracket, fill out the form on the right. If your school is already on a bracket, you need to find your VCIC advisor or student organization in charge of selecting the VCIC team from that school. Search the VCIC site for your school’s participants or email vcic@unc.edu to ask for your school’s primary contact..

How many students are on a team?

Each team is required to be five or six students. Teams may also be accompanied by up to two staff or faculty advisors.

How is VCIC different from a business plan or pitch competition ?

At VCIC, students are the investors, not the entrepreneurs. Students do not come with startup ideas. Rather, students play the role of analysts in a VC firm assessing the startups at VCIC as potential investments. See how it works.

How are students judged?

Real investors are at the event assessing the students’ ability to be the best VCs based on these judging criteria.

Is there a cost to participate?

In North America, there is a $500 entry fee for undergraduate teams and a $1,000 entry fee for MBA teams. This fee can sometimes be waived for new schools. Email vcic@unc.edu if you would like to apply for a waiver. This fee covers all VCIC activities for this year. If you win your region, for example, there is no extra fee to compete at the global finals. Other continents have varying fees. Email vcic@unc.edu for specifics.

What if our school does not have a VC class, and we don’t know much about venture capital?

You will learn a ton preparing for and participating in VCIC! It is primarily an educational event, and if you don’t have other ways to learn about venture capital at your school, you are encouraged to take advantage of this resource. That said, it is also a competition, and the deck is stacked against a team that has no support from its school. Your team still has a chance to win if you work really hard on your own. See the VCIC training videos and consider purchasing Patrick Vernon’s Venture Capital Strategy. Brad Feld and Jason Mendelson’s Venture Deals is also very helpful for understanding term sheets.

Is it hard to win a VCIC event?

Yes. The top placing teams at most VCIC events have spent many hours preparing, many having already won their school’s internal VCIC competition.

Is it worth competing if you don’t think you’ll win?

Yes. You will learn a ton at the event. The interactions with startup founders and investors are invaluable.

New School Interest Form

Your school not on a bracket?

Submit this form to be added to the waitlist.

  • + business school (if applicable)
  • Please tell us anything we should know about your interest in competing in VCIC, e.g., existence of student club, support from faculty, financial support from school, etc.