FUND TYPES AND STRUCTURES
Identify the various fund structures and find which works best for you
Get a clearer picture of the specific startups that are relevant to you
How to properly construct your portfolio for optimal returns
FUNDRAISE TO LPs
Understand LP management and meet some Norwegian LPs
FUND TAX AND REGULATION
How to regulate the fund and remain compliant with Norwegian law
Meet aspiring fund managers and others within the VC industry
Setting up and raising a fund is a complex process.
It requires expert knowledge, legal and marketing expertise, understanding of relevant regulations and fund operations, a network of partners and co-investors and an access to potential LPs.
Luckily, you no longer need to do this alone!
VC Challenge is a VC training program to help emerging managers prepare for the process of raising their first fund. The Norwegian VC landscape is rapidly changing with more new funds being raised, more international VCs investing in Norwegian startups and more and more successful startup stories coming from Norway.
In cooperation with Nordic Innovation, Global Innovation Catalyst (GIC) and the Norwegian VC ecosystem, VC Challenge is a common effort to contribute to the development of the next wave of Venture in the Nordics and to support more ESG driven funds.
BASICS AND BACKGROUND
Get a good understanding of the background of VC and the set the groundwork for building your fund!
BUILD YOUR INVESTMENT THESIS
Create the investment thesis for your fund that outlines how you will realise success
DEVELOP A DEALFLOW STRATEGY
Learn how to enter into the best deals in the ecosystem and build value for your portfolio companies
Present your funds investment thesis and strategy to potential LPs in the VC Challenge Demo Day
Find your investment criteria.
All startups (15).
Screen and evaluate all cases.
All startups (15).
Work with your favorite startup in investor groups. Only selected startups (4-6).
Create a fundraising strategy and get the opportunity to invest. Only selected startups with term sheet (2-5).
Every session includes topic-related presentations by investor experts from the VC ecosystem, and you will be provided with relevant materials to take you through the entire process.
VENTURE CAPITAL ECOSYSTEM
Learn about the history of VC and Silicon Valley, the VC ecosystem in Norway, and the importance of a Venture Investment Thesis
We discuss fund types and structures, building your investment strategy, and how to decide on a business model and budgets
SOURCING AND DEALFLOW
Get an intro to sourcing strategy, building an investor brand and positioning, and performing a quality investor opportunity assessment
INVESTMENT PROCESS AND FUND RETURNS
Learn all about portfolio construction, modelling fund returns, due diligence, and where to get investment support and value add
OWNERSHIP AND CONTROL
We go through the topics of ownership and valuation, investment deals and investment rights, and cap table propagation
Find out the different roles within a fund, practicalities of governance under operation, and how to structure the cost and management fees
FUNDRAISING TO LPs
We help you understand fund regulation, setting up a fundraising strategy, LP management, and give you an introduction to Norwegian LPs
FUND REGULATION AND ESG STRATEGY
We discuss what is ESG strategy is, how should it be implemented, and the regulations in place around ESG
We discuss the topic of fund tax, various structures and strategy, as well as going through questions and concerns
Present your fund and venture investment thesis to receive feedback and constructive criticism to further refine your pitch towards LPs
Please Note: all investor participants confirm to be financially capable to invest at least the minimum investment amount NOK 50.000 and have the intention to do so, but it is not obligated to invest unless it is of mutual interest between investors and startups at the end of the program.
Norwegian Venture Capital Association
Global Innovation Catalyst
Oslo Business Region