cbs venture fellows - amazon s3 · the$cbs$venture$fellows$program$is$a$selective,$student;run$...
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CBS Venture Fellows2016-17 PROGRAM OVERVIEW
The$CBS$Venture$Fellows$program$is$a$selective,$student;run$organization$putting$6$first;year$MBA$candidates$in$the$shoes$of$venture$capitalists.
Each%fellow%dissects%an%emerging%technology%or%business%model,%creating%a%framework%on%how%to%approach%and%analyze%investing%in%startups%in%the%space. Fellows%are%expected%to%become%experts%in%their%sub>sector,%meeting%with%entrepreneurs,%operators,%and%VCs.
The$Program
•%Develop%a%core%competency%of%a%VC Associate,%formulating% opinions% about%a%specific%sector%and%startups.%
•%Network%with%VCs,%operators,%and%thought% leaders%.
•%Grow%the%program%and%its%profile%as%a%cornerstone% for%thought% leadership%at%CBS.
•%Receive%independent% study%credit.
•%1>on>1%VC%and%second>year%Fellow%mentorship.
The$Benefits
Last%year’s%VC%panelists%included:
The$Fellows
Where$the$1st Class$(CBS$’16)$are$now:
The%2015>16%Fellows%with%our%founders%Adi and%Curry!
An$investment$thesis$is$more$than$a$research$project$and$it$is$definitely$not$a$history$report!
What$is$an$investment$thesis?
Apply$thesis$to$specific$startups
Current%trends,%data,%and%reports
Development%of%the%technology/sector
Relevant%startup%successes/failures
YOUR$UNIQUE$FRAMEWORK
•%Students%apply,%proposing% a%specific investment%thesis.%Examples:
Too%broad Appropriate
EdTech Language learning%software
ArtificialIntelligence
AI%for%corporate%applications
FinTech Peer>to>peer lending%platforms
Selecting$a$Thesis
•%Over%time%formulate%your%own%perspective/opinion% on%how%you%would%approach%investing%in%the%space%today.
•%Fellows%don’t%need%sector%experience%but%should%demonstrate%meaningful% interest%in%their%application.
Become$a$domain$expert
•%Having%a%well>researched%thesis%allows%you%to%provide$value$when%meeting%with%VCs%and%industry%operators.
•%Share%your%thesis%to%build%your%personal%brand%and%land%an%internship.
Lauren$Chilton AI%as%a%service
Matthew$Kennedy Gig%economy
Laura Kornhauser Automated%investment%platforms
Corey$Schwitz Social/video%VR%platforms
Mohammed$Shafique Mobile%deep>linking
Emre Tekisalp Distributed%settlement%systems
Last$year’s$thesis$presentations:
Fall$2016◦ Early%October:%Next%class%of%Fellows%selected◦ Mid>October:%Kickoff%meeting%– discuss%ideas,%resources,%expectations◦ November:%Share%initial%slides/outline%with%2nd year%and%VC%mentors◦ Early%December:%Draft%thesis%presentations%to%past%CBS%grads%now%in%Venture
Spring$2017◦ Late%February:%Revised%thesis%presentations%to%2nd year%Fellows◦ April:%Final%thesis%presentations%and%celebratory%drinks
Throughout$the$year◦ Ongoing%research,%thesis%refinement,%and%attendance%at%sector>related%events◦ Regroups%with%2nd year%and%VC%mentors◦ Meetings%with%Fellows%to%share%best%practices%and%obstacles
2016@2017$Timeline
Due$Wednesday,$October$5th at$11:59pm
[email protected]:◦ Resume◦ Maximum%two%additional%pages%with%the%following:%
◦ Proposed% investment%thesis%with%statement%of%interest%and%relevance%(2%paragraphs)
◦ List%of%4>5%resources/events%to%target◦ Profile%of%two%startups%in%the%space%that%interest%you%(1>2%paragraphs%each)
Application$process