U Chicago Takes VCIC Finals
I returned yesterday to the home office, after spending a few days as a judge for the VCIC Finals in Chapel Hill. For the uninitiated, VCIC is a competition in which teams of biz-school students form mock VC firms and are asked to make investment decisions. They conduct due diligence with real entrepreneurs, submit term sheets, negotiate with the entrepreneur and then get pummeled with questions by more than a dozen judges (all of whom are actual VCs or LPs save for yours truly). This year’s winner was the University of Chicago, which clearly stood alone among an extremely-talented field. In fact, I think five or six of this year’s teams easily would have won last year’s event. The UC crew was smart (asked the right questions), smooth (seemed prepared for most hiccups) and
