I’ve seen the “Transactional IQ” – i.e., the level of understanding around startup deal making – rise at CU over the past five years. This fall I finished teaching a Venture Capital course at CU for the fifth time. And in recent years I’ve helped coach CU’s Venture Capital Investment Competition team. It is fun to see what involvement with students over a five year trajectory can accomplish.
I’ll be involved in another five year milestone on Wednesday. CU-Boulder’s New Venture Challenge Fifth Annual Championships are Wednesday 5:00 – 7:30 p.m. in the Wittemyer Courtroom at Colorado Law. I am a judge. Free registration available at http://cunvc.org/
It is fun see the NVC go from “let’s make up a competition” to, five years later, something that feels like an annual CU-Boulder institution with over 60 teams involved.
In 2008, several groups across CU-Boulder banded together to launch a cross-campus entrepreneurship championship, which they coined the New Venture Challenge. In year one, the CU NVC set out to answer the question, “I’m interested in entrepreneurship. But where do I start?” Buoyed by a grassroots group of student volunteers, the NVC aimed to inspire students and “collapse the campus” (i.e., encourage people to build startups in interdisciplinary teams). It helped that, from the start, the NVC involved all parts of campus, with the Silicon Flatirons Center, Deming Center, ATLAS, BDW, eShip, and the Entrepreneurship Center for Music involved. About 75 or so people trudged through a foot of snow to see the inaugural NVC Finals, which my partner Ryan McIntyre helped judge, in 2008.
Five years later, the snow is back, but the CU NVC otherwise appears to be scaling well. A robust mentorship program now connects CU NVC teams with Front Range entrepreneurs. The NVC increasingly emphasizes action over endless business planning. Several experiential classes have popped up across CU-Boulder that build companies that participate in the CU NVC. Audience interest is up, too. The NVC Finals are now held in the 250 seat Wittemyer Courtroom at Colorado Law School.
Check out the NVC on Wed night. I’m looking forward to it.