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The Bulletin #20: We’re Recruiting! + Summer in Review 💥
tldr: that's right, we're recruiting new analysts for the spring & here's a rundown on everything VC + startup from this past summer
🍂 Welcome Back to VWV!
We hope you’re all enjoying the fall leaves and we’re so excited to welcome you back to another semester with the Van Wickle Ventures team.
💡 For this semester, keep up with our content if you’re interested in:
demystifying & breaking into VC
finding opportunities in the start-up world
keeping up with VC investment news at Brown & beyond (pro tip: this is essential to breaking in and finding opportunities)
Drum roll please…
🌟 We’re recruiting new analysts! Keep reading the newsletter to get details 🌟
☀️ An Exciting Summer Recap
→ Nutrimedy Acquisition 🔬
This past July 25, 2022, our portco Nutrimedy was acquired by FemTec Health at an undisclosed amount! Read more here
→ What was the VWV team up to this summer?
3 members interned @ VC firms: Kia Uusitalo helped Atomic launch startups & began her role as DRF’s Head of Social, Cécile Tang supported Jump Investor’s portco through research & completed the RippleX Venture Fellowship, and Jules Qian sourced and diligenced @ Soma Capital.
4 members focused on their respective interests: Aayush Setty continued his 2 year research at Rhode Island Hospital in neurophysiology and computational psychology, Casey Shay was a deals and strategy intern @ Strategy&, Joshua Lim mapped the consumer platform landscape @ Digital Industry Singapore, and Viktor Bárdi focused on finance and supply chain @ TotalEnergies.
Want to chat with us and get to know more about what we do in and out of our fields? We have coffee chats open for our recruitment cycle! More info at the end.
→ Dylan Field’s ‘12 Figma Acquisition 🎨
Figma, founded by Brown University drop out Dylan Field, will be acquired by Adobe for $20B. Field left his CS studies in 2012 after accepting the Thiel Fellowship— read more on his statement regarding the acquisition here, announced Sept. 15, 2022.
→ Alumni in YC 2022 Summer ✌️
→ Benjamin Chesler’s ‘15 Imperfect Foods Acquisition 🍊
Benjamin Chesler began working on Imperfect Foods during undergrad and jumped straight into building right after graduation. Now, after raising a $110m Series D laster year, they’re finally being acquired by Misfits Market.
Financial details have yet to be disclosed. Read more here, announced Sept. 7, 2022.
→ Adam Neumann’s $1B Seed Raise and People are Not Happy
This is the first of its kind: a unicorn startup before any operations have taken place. Adam Neumann, infamous for WeWork’s scandal indiscretions, raised $350m in funding from a16z for his new real estate venture—a unicorn even before operations.
What does this mean?
Well, founders of color and female founders, in addition to many others on Twitter, have expressed their large concern and distress for this sort of investing. Underrepresented minorities in the start-up field are much less likely to receive funding compared to their male counterparts and Neumann’s case is a strong slap to the face. It also indicates that all you really need is the ability to sell. Neumann’s been long accredited with his charismatic demeanor and presentation skills that seal these deals.
Read more here to understand why this news brings concerns in VC investing.
VWV Looking Onwards for Fall 2022 🍂
Excited to announce… we’re recruiting analysts for spring 2023!
Come to out info session to get to know all our insanely talented investors, what it looks like to be on the team, and the boundless things you’ll learn from being in a student run VC.
Why should you join?
Learn through a semester long curriculum deep diving into the VC industry
Direct experiencing sourcing and diligencing startups with advisory from seasoned investors in our Investment Committee (IC)
Talk to founders, become an industry expert deep diving into an field, pitch investment decisions, help run our $250k evergreen fund, and much more~
💡 Save the dates for the info session (highly recommend attendance):
Thurs, Oct. 20 @ 7:30pm
Tues, Oct. 25 @ 5:30pm
Nelson Center for Entrepreneurship, Liz Lange Lounge, 2nd Floor
💡 Coffee Chats following (ask us anything!):
Thurs, Oct. 27 & Fri, Oct. 28
Sign up here to meet the VWV team @ their respective locations
💡 Written Applications Dates (keep an eye out for it here):
Released Mon, Oct. 17 - Closes Wed, Nov. 9
💡 1st and 2nd Round Interviews (get a taste of the job):
Mon, Nov 14 - Fri, Dec 2 (TBD location)
Hope to see you all there 😈
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