UNB student team wins at the Venture Capital Investment Competition at St. Mary’s University
The Venture Capital Investment Competition held on March 2, 2018 at Saint Mary's University was the first of this competition to be held in Canada and six teams from Canadian universities, University of New Brunswick (UNB), Dalhousie University, Western University, Université Laval, Wilfrid Laurier, and the University of Toronto, took part.
This competition turns the tables on the students, where they have an imaginary $100 million of capital to invest in one of the startups that volunteered to pitch, therefore learning what it takes to be a Venture Capitalist. The team of four MBA students from UNB won first place.
“It was great seeing MBA students gaining an understanding of the venture capital by working through the investment decision-making with two real companies,” said Chris Moyer, Director at Pelorus Venture a seed-stage venture capital fund.
The winning UNB be, consisted of Senalda Rodrigues, Natasha Youssef, Seth Barkhouse and Grayson Beairsto, who took home the $1000 first-place prize. The team was coached by Raymond Fitzpatrick, a venture capital investment manager with New Brunswick Innovation Foundation.
Due to the rule that the host university cannot participate in the event, Saint Mary's team was invited to Boston in February to compete against Yale, Dartmouth and the Massachusetts Institute of Technology for example and took home the second place.
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