The Venture Capital Investment Competition (VCIC) at the regional level was an exhilarating experience. Now a month later, we were doing it all over again — on a global stage. In retrospect, I want to talk about a funny phenomenon at the competition. You’ll often hear about the “power of three” in fairy tales, and I like to think that we were riding on some powerful “three” tailwinds as we pursued a “top three” placement. To begin with, we organized three advisory meetings, aligned with three faculty advisors, and did due diligence on three start-ups over three days of competition.
After winning the Canadian finals of the Venture Capital Investment Competition (VCIC) back in March of 2021, my team and I were very excited to move onto the global finals in April. It was definitely a very fun and unique competition!
After winning first place in the Canadian division of the Venture Capital Investing Competition (VCIC), our team was fortunate enough to participate and move on to the global finals.
Throughout my university experience, I was exposed to a variety of learning environments from the classroom to co-op to the Student Venture Fund. In all these environments, I learned from my professors, faculty members, managers, and industry experts. At the Venture Capital Investment Competition (VCIC), I was given the opportunity to learn by leading.
On March 5th, 2021, for the second year in a row, students from the University of Waterloo Student Venture Fund (SVF) captured the 2021 Undergraduate Canada Regional Finals Championship for the Venture Capital Investment Competition (VCIC). The University of Waterloo claimed the title over the University of Alberta (2nd) and Acadia University (3rd) and has advanced to the International Finals being held on April 10.
Going into the undergraduate Venture Capital Investment Competition (VCIC), I was nervous. What if I wasn’t prepared enough? I mean, I was working in venture capital, was that enough? And then there was our team — I wanted us to work well.
Experiences from an unusual Venture Capital Investment Competition (VCIC)
Earlier this month, I was fortunate enough to participate in the Canadian Venture Capital Investment Competition as part of the University of Waterloo’s undergraduate team. While the event is usually held in Halifax, Nova Scotia, it was moved to a virtual setting because of the global pandemic. This presented a new set of challenges for us to face and overcome.
Lessons gained from competing on a national stage
Having participated in numerous entrepreneurship programs before university, the dynamics surrounding growing companies have always fascinated me. After getting involved with the University of Waterloo’s Student Venture Fund (SVF) during my second year in the Accounting and Financial Management (AFM) program, I combined my background in operations with a newly found interest: early-stage investing.
It had been four years since I last competed in a case competition, so naturally, I was hesitant when I was invited to join the School of Accounting and Finance’s (SAF) graduate team for the Venture Capital Investment Competition (VCIC). During the competition, we played the role of Venture Capitalists for a day, assessed start-ups, and presented and delivered an investment strategy in front of a panel of judges.
On Friday, March 5th, I had the opportunity to participate in the Canadian Venture Capital Investment Competition (VCIC). With hard work and preparation, my team was able to place first overall! This competition was an enjoyable experience where I was able to gain insights into the venture capital space as my team attended pitches, led due diligence sessions, and pitched a deal.