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UC Berkeley
Venture Capital Investment Competition
VCIC Eligibility Criteria, Application Process and Timeframes[VCIC Home] |
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NEWS: Congratulations to the 2012 VCIC competing teams!
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2011-2012 Competition Calendar
Event/Deadline |
Date |
Venue |
Information Sessions |
Tuesday, November 1, 2011 from 7:30 – 8:15 pm |
C335 |
Team Formation Mixer |
Tuesday, November 1 9:00pm |
Henry’s @ Hotel Durant, |
Team Applications Due |
Monday, November 14, 2011 by 5:00pm |
email to vcic@haas.berkeley.edu |
Participant Teams Selected |
Tuesday, November 22, 2011 |
Notified by email |
Workshops: Pitch Evaluation, |
Friday, December 2, 2011 |
4:30 – 8:30 pm, |
Mentoring sessions with VCs |
Continual basis as VCIC organizing team sees fit |
|
Negotiation Soft Skills Workshop |
In January after classes commence but prior to Haas competition day |
TBD |
Haas Competition |
Friday, January 27, 2012: |
Wells Fargo Room-Haas |
Regional Competition |
Friday, February 10, 2012: |
Santa Clara University |
International Finals |
April 12-14, 2012 |
Kenan-Flagler Business School, Chapel Hill, NC |
Team Application Process
[click here to download the
UC Berkeley Venture Capital Investment Competition Information Session Presentation]
[click here to download the
UC Berkeley Venture Capital Investment Competition 2011 - 2012 Team Application Form]
Six teams, each comprised of five UC Berkeley graduate students, will be selected to compete in the 2012 internal VCIC competition on Friday, January 27, 2012. The winning team will progress to the regional competition held at Santa Clara University on Friday, February 10, 2012.
Need Teammates? Click here to access the 2012 VCIC teammate forum: http://bit.ly/t9tSwL
Eligibility
Key eligibility requirements for teams applying to enter the competition are:
- The team must be comprised of five members.
- All team members must be current UC Berkeley graduate students.
- No team member can be working with a VC firm from November 1, 2011 until his or her team’s participation in the VCIC ends.
- At least one member must be a paid up member of the Haas Entrepreneurs Association at the time of application submission.
- If selected to compete in the internal competition, ALL members of each of the six teams must be paid members of the Haas Entrepreneurs Association.
- Each team must appoint a Team Lead who will serve as the point of contact and voice for the team.
Teams selected to compete in the competition must also commit to:
- Sign the NDA and the Code of Conduct, and abide by all VCIC rules.
- Attend the pre-competition workshops on December 2, 2011 and to compete through the Regional competition on February 10, 2012 if selected, and to the International competition taking place April 12-14, 2012. The mentoring hours we will organize with VCs and the optional workshops are highly encouraged.
- Ensure all team members named on the application are present at ALL pre-competition workshops and on the day of the competition- Friday, January 27, 2012. No alternatives and no absences are allowed.
Competition Process
Members of the six teams selected to compete in the competition must attend three workshops held on December 2, 2011 prior to Competition day: “Evaluating Pitches”, “Term Sheets”, and “Negotiation”.
On Competition day, five entrepreneurs currently seeking VC funding will pitch to all six teams. Teams will receive business plans for these companies three days prior to the competition. Following entrepreneur pitches, teams will then rotate around the entrepreneurs, one (team) on one (entrepreneur), where they will have the opportunity to ask specific questions about the business plan, while being observed by a panel of 6-8 VC judges. Entrepreneurs and VC judges will represent a diverse range of sectors / have a diverse range of backgrounds.
Teams will then break out to make investment decisions and develop associated term sheets. Teams will also complete a negotiation session with their selected entrepreneur in front of the VC judging panel. Judges deliberate and then announce the winner. Judges provide feedback to the teams, and also provide feedback to the entrepreneurs.
More Information
For more information, please refer to the frequently asked questions page or contact the organizing committee at vcic@haas.berkeley.edu.
The Berkeley VCIC is hosted by the Lester Center for Entrepreneurship at UC Berkeley and administered by MBA students from the Haas School of Business. VCIC® is a trademark of the University of North Carolina.
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