Georgetown's McDonough School MBAs Win Mid-Atlantic Regional Round of National Venture Capital Competition, Advance to Finals
Washington, D.C. - A team of MBA students from Georgetown University's McDonough School of Business won the third annual Mid-Atlantic/ Southeast Regional Venture Capital Investment Competition.
The competition, which ran February 17-19, was hosted by the University of Maryland's Robert H. Smith School of Business. Eight teams participated from the following MBA programs: Georgetown University (McDonough School of Business); Duke University (Fuqua School of Business); University of Virginia (Darden Graduate School of Business); Emory University (Goizueta Business School); University of Georgia (Terry College of Business); University of Maryland (Smith School of Business); University of North Carolina (Kenan-Flagler Business School); and Wake Forrest (Babcock Graduate School of Management).
Each team acted as a hypothetical venture capital fund and considered five real business plans from local start-up companies seeking venture funding. After reviewing the business plans and interviewing the management of each company, each team proposed investments based on real venture capital funding criteria: alignment of opportunity with the venture fund's strategies and objectives; viability of the business model; strength of the management team; and potential exit opportunities. The teams then presented their recommendations to a panel of judges and defended their proposed investments.
The panel of competition judges consisted of venture capitalists from regional firms, including: Dr. Charles O. Heller, partner, Gabriel Venture Partners; Ginger Lew, CEO, the Telecommunications Development Fund; Ed Spiva, partner, Anthem Capital; and Darryl Walker, Vcapital.com.
Georgetown's McDonough School team consisted of four second-year MBA candidates and one joint JD/MBA candidate: Mike Dupee (JD/MBA), Kathleen Parnell, Mark Russell, Oak Strawbridge, and Will Thierbach. Smith T. Wood, an adjunct professor at Georgetown's McDonough School and one-time board member at Allied Capital Corporation, served as the team's faculty advisor. The team won a cash award of $3000.
Emory's Goizueta team took second place while Maryland's Smith team placed third. Both Georgetown's McDonough School and Emory's Goizueta School were first-time participants in the competition. The top two teams from each of the four regional contests (West, Central, Southeast and Northeast) will compete in the national finals at the University of North Carolina's Kenan-Flager School of Business, which pioneered the competition, March 23-25.