Entrepreneurship and Venture Capital
Energy Foundry Venture Capital Investment Competition (VCIC) at Chicago Booth

About the Chicago Booth VCIC

The Chicago Booth VCIC is an investor competition, not a business plan competition. Students build teams and apply to participate. Selected teams then play the role of mock venture capital firms evaluating real companies. Real-world entrepreneurs who are currently seeking funding present their businesses to student teams. These businesses tend to be early-stage opportunities in multiple industries. The student teams evaluate the available investment options and decide which company to invest in, how much to invest, and how to structure the deal.

After analyzing business plans, meeting the CEOs, and conducting abbreviated due diligence, the student teams then present a term sheet to judges in a simulated partner meeting, and a select few teams negotiate with the actual entrepreneur in front of the judging panel. Real venture capitalist investors (including Chicago Booth alumni) act as judges and provide feedback both to the entrepreneurs and to the students.

2018 VCIC Calendar:

October-November: Team Formation and Application

December-January: Preparation and Competition

  • Early December 2017 - Teams selected and notified
  • Thursday, January 4, 2018 - Orientation session for selected teams, Harper Center Room C-03
  • Wednesday, January 17, 2018 - Teams receive business plans and begin due diligence
  • Friday, January 19, 2018, 8 a.m. - 4 p.m. - Venture Capital Investment Competition, Harper Center Room C-04

UChicago students, faculty, and staff are welcome to observe the VCIC.

February-April: Regional and International VCIC Competitions.

  • February 2018: Regional VCIC (Location TBD)
  • April 2018: International VCIC, University of North Carolina Chapel Hill

2018 VCIC Organizing Committee:

Faculty Sponsor
Scott F. Meadow
Scott is a clinical professor of entrepreneurship at Chicago Booth and has been the faculty advisor for the VCIC since the program started in 2005. He is the only faculty member at Chicago Booth to have received the Phoenix Award for service to students outside of the classroom in four consecutive years. He has spent more than 25 years as a general partner in private equity, founding such projects as Sports Authority and Sunrise Assisted Living. He is currently an associate partner at Edgewater Funds.

Student Organizer
Greg Johnston
Greg is a first-year Full-Time MBA student at Chicago Booth. He is currently an Associate at Corazon Capital, a VC fund managed by Sam Yagan (co-founder of SparkNotes and OKCupid) and Steve Farsht (Former Partner at Norwest Equity and Board Member of TechStars Chicago). Prior to business school, Greg was a Senior Associate at LLR Partners, a $2.4 billion growth equity firm in Philadelphia, where he evaluated investments in the cybersecurity, intelligence, risk management and enterprise IT sectors. Greg graduated magna cum laude from Duke University with a BS in Economics and a BA in Art History.

Polsky Center VCIC Organizer:
Cerise Miller
Senior Program Manager
(773) 702-3998