HAMPDEN-SYDNEY VENTURE FUND INVESTMENT PROCESS
Investment from the Hampden-Sydney Venture Fund is an investment by Hampden-Sydney College (or a subsidiary of the college) in a Hampden-Sydney student or young alumni business venture. While teams may compete and win the investment without being incorporated (or, in the case of a limited liability company, organized), the investment will only be disbursed to a corporation or limited liability company. The winning team(s) will have the option to structure the investment as either a convertible note or a warrant. If the convertible note is structure selected, then the team will enter into a Convertible Promissory Note and a Loan Agreement with Hampden-Sydney College or a subsidiary of the college (referred to as the "Investor"). If the warrant structure is selected, then the team will enter into a Warrant and Investment Agreement with the Investor. Copies of the form agreements for both structures are available for teams to review - email Justin Isaacs (email@example.com ) for copies. Have a novel idea or exciting business? Apply by January 26 to compete in the Tiger's Den for investment of up to $15,000 from the Hampden-Sydney Venture Fund. In the process, you will learn from seasoned entrepreneurs, perfect your pitch, and have the opportunity to compete for seed funding to accelerate the growth of your venture.
Enrolled Hampden-Sydney students and alumni classes 2013-2017'. For profit business models only. See General Rules below for details.
To provide working capital to start-up ventures that have launched or are close to launch.
NUMBER & AMOUNT
The decisions whether to make any investments and the amounts of those investments will be at the discretion of the judges. Depending on the pitch, the investment could range from $1,000 to $15,000.
- November 29 - On-Campus Information Session (4:00 pm, FCEI Room Brown 203). Alumni can contact Justin Isaacs (firstname.lastname@example.org) or Greg Dempster (email@example.com) for additional details.
- January 26 - Teams submit application and signed Program Participant Agreement to firstname.lastname@example.org by 10 pm EST.
- February 9 - Teams are notified by email regarding advancement to Round II as finalists. Return signed Letter of Intent
- February 16 - March 30 - Finalists participate in formal and informal entrepreneurship education opportunities and work with mentors to develop their business.
- March 30 - Final Business Plan Due
- April (TBD)- Finalists pitch to the panel of judges.
- April (TBD) - Finalists are notified of results by email.
Apply by January 26 at 10pm EST. Application and program Participant Agreement available here.
- Business Purpose - Explanation of the problem that exists and how the business idea solves this problem.
- Potential - Support for the commercial potential, viability, and prospects for success of the business idea.
- Validation - The idea has been tested in some way, big or small, with real potential customers. (customer interviews, prototypes, surveys, etc.)
- Team - The credibility, "backability," and passion of the individuals behind the business idea.
MENTORSHIP & ENTREPRENEURSHIP EDUCATION
The following is a sampling of the benefits available to the finalist teams.
Prior to the pitch competition, student and local alumni teams will participate in entrepreneurship clinics covering how to create a business model canvas, start-up life and pitch preparation. Non-local alumni will have access to alternative educational resources, like access to the Entrepreneur's Dashboard powered by IdeaSharesTM.
Work with experienced mentors and entrepreneurs in the Hampden-Sydney community and beyond.
Connect with the Hampden-Sydney entrepreneurial ecosystem including investors, entrepreneurs, and business leaders with a diverse range of expertise.
Community is an important part of the Hampden-Sydney Venture Fund experience. Teams are expected to learn as much from one another as they do from the Hampden-Sydney College Venture Fund staff and mentors.