WFU School of Business team takes second in regional VCIC event

2.18.2014 Entrepreneurship, News Release, School News

Wake Forest MBA students play the role of VCs in 17th Annual VCIC  

WINSTON-SALEM, NC – A team of Wake Forest University School of Business MBA students earned second place in the regional 17th annual Venture Capital Investment Competition.

Tripp Evans (FTMBA), Will Peete (JD/MBA), Dan Sanchez (WS Eve MBA), Dipen Vyas (Ph.D./MBA) and Tim Williams (FTMBA) competed January 31 at the McDonough School of Business, Georgetown University.  The regional competition included UNC-Chapel Hill, Duke University, Emory University, University of Maryland and Vanderbilt University.

“Placing second against formidable competition with some of the top business schools in the country was a valuable experience,” said Dipen Vyas, one of the team members. “We received valuable feedback from actual venture capitalists about how we did taking on their role.”

The VCIC event began in 1998, and differs slightly from most case competitions. In this event, the students play the role of venture capitalists and entrepreneurs pitch business ideas to them. A dozen actual VC judges evaluate their performances and give feedback to the students.

This year, seven regional finals are planned for the United States, with two regionals in Europe and two in Asia. The number one team from each regional event competes in the global final.

The Wake Forest team was supported by last year’s team members from the FTMBA program: Andy Bowline, Scott Coldagelli and Matt Zimmerman.