Tuesday, March 12, 2013

IU Kelley/Maurer team wins investment competition over Harvard, Yale

Brandon Benjamin (4th year JD/MBA), Jorge Alvarez (3rd year JD/MBA), Damon Yousefy (3rd year JD/MBA), Nathan Chun (3rd year JD/MBA) and Eli Stoughton (3rd year JD) advance to the international competition in April.

Congratulations to IU's Kelley School of Business/Maurer School of Law team, which recently brought home the top prize in the Venture Capital Investment Competition at the Rotman School of Management at the University of Toronto.

The team's performance bested those from Harvard, Yale and Michigan, among other schools. The IU team moves on to compete in the international finals at the University of North Carolina in April.

Teams reviewed business plans and pitches from an innovative online tutoring service and a pharmaceutical development startup and decided in which to invest. After valuation and due diligence sessions, two teams invested in the tutoring service; four teams, including IU, invested in the pharma company.

Based on feedback from the VC judges, the IU team beat the competition in the written reports on the term sheet structure and executive summary, and in the live negotiation and Q&A sessions.

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