Follow us:

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

April 10, 2006 at 10:37 AM

UW MBAs are best would-be VCs

For the second time in two years, MBA students at University of Washington are the best budding venture capitalists in the country.

A team from the UW business school won the Venture Capital Investment Competition over the weekend in Chapel Hill, N.C. It beat teams from NYU, Michigan, Colorado, Duke, Harvard, MIT, USC, and Cambridge, U.K. The UW won the event in 2004, as well.

The teams play the role of venture capital firms. They read five business plans from actual entrepreneurs seeking funding. They listen to pitches, meet one-on-one, perform due diligence and choose one or more deals. Then the teams produce term sheets and presentations for the judges, who grill them on their decisions.

“The Washington team was outstanding in every stage of the competition, with a poise that didn’t even break when the lights unexpectedly went out during its due diligence with an online dating platform provider,” wrote Daniel Primack, a judge and writer of PE (Private Equity) Wire Week, a daily venture capital newsletter.

The UW took home a $10,000 prize and “the post-competition bar tab,” Primack wrote. “If you’ve ever wanted to see the spectacle of broke MBA candidates buying shots for loaded (multiple connotations) VCs, this is probably your only opportunity.”

The winners from UW are: Andy Boyer, Chris Howard, Rebecca Lovell, Brad Parker and Ian Scrymgeour. Their faculty coach is Emer Dooley, lecturer in entrepreneurship.

Comments | More in Entrepreneurs & VCs

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►