Venture Capital 101

Interested in learning more about Venture Capital?

Take a look at this presentation put together by Kellogg Students and Faculty to introduce the structure, strategy, and overview of what Venture Capital entails. Updated in 2022, Accelerated has put together an excellent VC recruiting guide to help navigate the VC world. Take a look at the links below.

Working for VC after MBA

Listen to Samara Mejia and Dan Willoughby not only talk about their experience at MATH ventures, but also about how they got the job. They talk about the lack of a "recruiting cycle" for VC, interviews, day-to-day work and skills VCs are looking for.

Some common Q&A from this event:

What kind of process do VC's apply to look through and identify companies?

  • Entreprenuer will meet with one person at VC firm for 30 min and figure out if they fit the firm's investment thesis and philosophy.
  • If a good fit, they will meet with someone else at VC firm.
  • If both people at the VC like the company/team, then some light due diligence and one-page summary put together for partner meeting.
  • If they vote to move forward, then deep due diligence is done and a more formal investment memo and presentation is put together for partner meeting.
  • If choose to invest, will work out term sheet and move forward

Where does the capital come from to invest?

Most VC firms have a fund structure with money raised from limited partners (LPs), which typically include:

  • High net worth individuals
  • Banks
  • Insurance companies
  • Corporations
  • Sovereign Wealth Funds
  • Pension Funds
  • Endowments


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