Preparing for the VCIC
Preparing for the VCIC. Jeff Reid Amanda Deerhake January 9, 2003. First, a note on Team Formation. Teams are already set Approximately 16 teams signed up Incomplete teams will not be allowed to compete Make sure your people are committed!
Preparing for the VCIC
E N D
Presentation Transcript
Preparing for the VCIC Jeff Reid Amanda Deerhake January 9, 2003
First, a note on Team Formation • Teams are already set • Approximately 16 teams signed up • Incomplete teams will not be allowed to compete Make sure your people are committed! • Work with Patrick Vernon on team formation issues
Global Overview of the VCIC • 34 schools in this year’s event • Internal: January 31 – February 1 • Regionals: • UNC goes West: February 20-22 • (UNC hosts SE: February 27-March 1) • UNC hosts Finals: April 10-12 • History of UNC performance
Know the Schedule • Plan your time wisely!
What the Judges Look For • Basic understanding of the companies • Basic understanding of how VC deals work • Ability to communicate your thoughts Don’t worry about the technical details, unless you are an expert
Do Some Homework Books in CETV Library – on reserve from now until the competition VCIC web site – Team Preparation Guide, Judging Criteria, etc. Other web sites
Read Up on Venture Capital • VC Club Web Site: http://www.kenaninstitute.unc.edu/Centers/CETV/Clubs/VC_Club/Resources/resources.html • www.corante.com/venture/ • ww.venturewire.net/ • A Venture Capital Primer by Tripp Peake, Mass Ventures Equity Fund - http://www.entrenetwork.com/articles/39.cfm • Good Idea? Great Idea? Super Idea? By Stephen Spinelli, Director of the Center for Entrepreneurship at Babson College - http://www.entrenetwork.com/articles/45.cfm • Business Valuation Techniques and Negotiation by Mark Cameron White of White & Lee LLP - http://www.whiteandlee.com/papers_transactions_bvtn.html • What Are the Terms? - Three part series on the terms of venture capital financings - from "STARTING UP" Column Reprints by Joe Hadzima - http://web.mit.edu/entforum/www/hadzima/terms1.htm • "Company Valuation Issues for Technology Start-ups by David Sheehan http://www.dcu.ie/enterprise/presentations/hotorigin14jan02.pdf