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The Intra ISB round was held on November 28, 2009, in which ten shortlisted teams (from amongst initial 40 registrants) competed. A case study based methodology was used to shortlist the final participants. Leading up to the Intra ISB Round several speaker sessions have been organised, where industry experts have shared insights on the VC Investment process with the participating teams. For more details on the Speaker Sessions, go to Speaker Sessions.
The ISB also conducted the Alumni -VC Connect on November 29, 2009, where it will showcase homegrown business plans to prominent VCs, thereby providing alumni entrepreneurs a funding platform and better networking opportunities for scaling their businesses.
Judging Criteria
These are the questions the judges will be using to score your performance at VCIC, in order of priority for each section. DUE DILIGENCE 33%
- How well did the team cover what you consider the key issues/questions?
- How did the team seem to understand the business opportunity and strategy?
- To what level was the team able to establish appropriate rapport with the entrepreneur?
- How appropriately did the team lead/control the meeting?
- How well did the team dig into the right issues?
- How skilled was the team at getting information (not just asking a list of questions)?
- To what level did the team appropriately demonstrate their value as a VC firm to the entrepreneur?
- How well did the team demonstrate an understanding of the financial requirements of this deal?
- How well did the group appear to work together as a team (as best you can tell)?
TERM SHEET AND NEGOTIATIONS 67%Backed the right horse with the right terms (according to YOU)? Based on the choice you would make if you had to be on a team at VCIC today.
- Valuation
- Investment Size/Syndication
- Board Structure
- Option Pool
- Liq. Pref., Anti-Dilution, Dividends
- Dates and other terms
Team’s performance during negotiation?
- Focus on the important issues?
- Establish positive rapport?
- Demonstrate firm’s value?
- Made progress towards getting a deal?
How well did the team handle Q&A?
- Did they demonstrate a mastery of VC skill sets and domain expertise?
- How well does the team’s proposed deal address the concerns of other investors (syndicate, previous, future or skip if not applicable)?
- How well does the team’s investment fit the fund profile, including syndication (or not) and planning for follow-on rounds? Other: Insert any question if the team did something else that stood out, good or bad. For example, were you surprised to get a term sheet on this deal based on due diligence? (OK to skip)
- How well did the group work together as a team?
Event Schedule
*Tentative
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Time
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Event |
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Saturday, November 28, 2009
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9:00am
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Event Commences
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9:30am
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Entrepreneur Pitches
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10:00am
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Due Diligence Sessions
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11:45am
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Team Working Lunch
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| Judge and Entrepreneur Lunch |
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12:45pm
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Judges Cheat Sheet Session
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2:00pm
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Negotiations and Q&A
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4:30pm
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Judges Vote
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5:00pm
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VC Round Robin
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6:00pm
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VCIC Concludes
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Sunday, November 29, 2009
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| 10:30AM |
Alumni-VC Interaction |
| 1:00pm |
Lunch |
| 2:00pm |
Alumni-VC Interaction Concludes |
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