Ross Finishes 2nd at Sustainable Venture Capital Competition
Andy Davis
Issue date: 4/7/08 Section: News
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This year's event featured teams from eight of the nation's top business schools, including Ross, host school Kenan-Flagler, the University of California at Berkeley's Haas School of Business, New York University's Stern School of Business, Duke University's Fuqua School of Business, Columbia School of Business, Northwestern University's Kellogg School of Management, and the University of Pennsylvania's Wharton School, which finished in first place.
Represented by second year MBA students Jen Anderson, Erin Cready, Andy Davis, Nina Henning, and Vik Vaishya and sponsored by the Zell Lurie Institute, the 2008 Ross team posted the school's best finish in the competition's 3-year history. "We were really proud of what we were able to put together and even more proud to finish near the top of this talented group of competitors," said Nina Henning, a dual degree student and a part of the Erb Institute. "It was a great experience, and we were honored to be a part of it."
An off-shoot of UNC's popular Venture Capital Investment Competition, the SVCIC follows a similar structure yet offers a unique twist. Like its predecessor, the SVCIC presents each team with the business plans of 4 start-up enterprises. However, the businesses offer both financial and social/environmental returns, and the teams must scrutinize and measure the value of both. After examining the plans in detail, the teams listen to the entrepreneurs' pitches and then conduct individual due diligence sessions with each entrepreneur. Once completed, the teams choose a business to invest in, structure the terms, and present their decisions to a panel of venture capitalists, who serve as the competition's judges.
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