Last Friday, Michigan Ross MBA and BBA students turned the tables and played the role of VC’s to three local startups; ContentOro, OriginalStix, and SnapSuits. Six teams participated in the Michigan Ross Internal Venture Capital Investment Competition (VCIC), a highly interactive simulation of the VC process in which they were the VC’s – real startups came to pitch, and VC judges assessed their performances.
The Ross MBA student teams competed for the opportunity to represent Michigan Ross at the VCIC regional competition at University of Colorado, Boulder on February 5. The winning team was comprised of the following students:
Paige Bayless, MBA ’17
Spencer Heaton, MBA ’17
Abby Poats, MBA/MA ’17
MacCalvin Romain, MBA ’17
Gabriel Siegle, MBA ’17
VCIC culminates every April at University of North Carolina – Chapel Hill, NC, with the International Finals, where the winning teams take home $10,000 in prize money. Last year’s Michigan Ross team won their regional event at Rice University and brought home the Entrepreneurs’ Choice award from the Global Finals.
The Ross BBA team headed to the Undergraduate Venture Capital Competition – uVCIC Global Finals on January 23, 2016 at University of North Carolina (UNC) at Chapel Hill includes:
Joseph Cueter, BBA ’17
Adam Levine, BBA/BA ’17
John Mannes, BA ’17
Michael Whinfrey, BBA/BS, ’17
Johnson Yang, BBA ’17
Zell Lurie Institute has sponsored the participation of University of Michigan teams at VCIC events since 2000. The 2016 VCIC program includes ten regional and 78 single-school events, with teams competing on three continents. For more information, visit: http://www.vcic.org/