Saturday, September 12, 2009

Duke MBA Venture Capital: Business Plan Review Series

Fuqua Planapalooza: Information Session Monday, September 14 in HCA classroom!

The Fuqua MBA Planapalooza is an opportunity for students to review business plans from start-ups throughout North Carolina and get involved with the entrepreneurs behind these companies. The Entrepreneurship and Venture Capital Club (EVCC) has teamed up with the Center for Entrepreneurship and Innovation (CEI) and local venture capital firm NC IDEA to provide this unique experience to scrutinize the business plans of firms throughout the state competing for $50,000 grants.

Teams of Duke MBA students will read though short business plans and make recommendations on their viability. Participants will have the opportunity to learn how a venture capital firm values the fundamentals of a business plan and uncovers any major red-flags. Additionally, participants will have the chance to not only help entrepreneurs with their business plans but also assist NC IDEA with due diligence, depending on your interest. Throughout the grant process, NC IDEA will provide feedback on firms that make the cut, firms that are invited to present, and the final selection of grant recipients.

Planapalooza Details and Schedule

After the required kickoff meeting and training session, each student will be assigned approximately 10 business plans that were submitted as part of venture capital firm NC IDEA’s Spring 2009 Grant Program. Each business plan is less than 3 pages long and you are strongly urged to read through them and make initial notes before your teams meet. This initial review shouldn’t take more than 2 hours.

VC Crash Course

This 1 hour kickoff and training session is required for anyone interested in participating in the business plan review. The purpose is to show how a venture capital firm evaluates the business plan of a start-up, focusing in on the fundamentals and looking out for red-flags. It will be led by Jeff Boardman, CEO of learnvc.com. This could be a valuable information session for anyone interested in venture capital or starting a business.

Types of Start-ups applying for the NC IDEA Grant Program

  • Biotechnology
  • Electronics/Computer Device
  • Greentech/Clean Tech
  • Healthcare Diagnostic Substance
  • Healthcare Information System
  • Industrial Equipment/Machine Tool
  • IT Infrastructure/Communication system
  • IT Software
  • Materials/Metals/Chemical Technology
  • Medical Device/Instrument/Equipment
  • Multimedia & Graphics Software
  • Semiconductor Equipment & Materials
  • Software as a Service/Cloud Computing
  • Wireless IT System
For more information, visit the Duke MBA Entrepreneurship and Venture Capital Club web site at www.dukeevcc.com.

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