Thursday, December 11, 2008

Venture Capital

One of the classes I took this past quarter was a venture capital elective designed to give us a introduction to the whole VC process. The idea behind the class was to act as a counterpoint to our business plan competitions where we turn the tables around and approach the funding decision from the perspective of the investor. After a few classes by practicing VC's covering everything from what to look for in a good investment to putting together waterfall diagrams and term sheets, we formed into teams and interviewed a handful of actual entrepreneurs from local start ups. Our teams then needed to pick one of these companies to fund. My team chose Healionics and today news came out that Healionics secured $2.6 million in funding. Unfortunately, we didn't make it to the next round of the competition, but it feels pretty good to get our decision validated by the real world! Anyway Healionics has some pretty nifty technology, definitely worth checking out.

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