VVF will be holding its fall intra-university venture capital competition for UVa students on November 14th. The winning team will get a free trip to UNC Chapel Hill for the regional undergraduate competition.
In a venture capital competition, student teams will have the opportunity to listen to pitches from real life start ups. The teams will be given time to ask questions of the entrepreneurs. The students must then value the firms and present a term sheet to one of the entrepreneurs. The team and the entrepreneur will engage in a negotiation over this term sheet in an effort to make progress toward an investment. The judges will determine which team performed the best based on the term sheet, negotiation, and due diligence, among other factors.