Venture Capital Private Equity Program

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Course Date

STARTS ON

November 30, 2021

Course Duration

DURATION

9 Months
Online and In Person

Course Fee

PROGRAM FEE

US$28,000 US$300 application fee

Early Registration Benefit

US$2,000

We are offering an early registration benefit on the program fee exclusively for participants who apply by September 30, 2021.
The final fee will be US$26,000.

Program Overview

The Venture Capital Private Equity Program from Columbia Business School Executive Education will prepare you for succeeding in a dynamically transforming investment arena. In this comprehensive nine-month program, you will learn how to identify and evaluate what makes a good investment, develop valuation frameworks, structure term sheets, manage portfolios, and learn soft skills such as pitching deals, storytelling with data, and networking.

Several Columbia Business School alumni have added valuable contributions to the venture capital (VC) and private equity (PE) sectors, and the school’s location in New York City — the financial hub of the world — provides a close-up demonstrative understanding of the industry. Through this immersive program, taught by Ivy League faculty, you will learn to leverage challenges and turn them into positive outcomes.

Program Highlights

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Core Curriculum

Kick-start your program journey with 12 weeks of online learning, imparting essential skills for investment management.

High Touch

Leverage interactive sessions with faculty, fireside chats with practitioners, and networking sessions with global peers.

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World-Renowned Faculty

Learn from Ivy League faculty, thought leaders, and industry experts.

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Peer Learning

Interact with and learn from high-achieving peers from around the globe and build your network.

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Choice of Electives

Select from topical electives to gain relevant skill sets specific to your role.

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Success Coach

An assigned success coach will help craft your learning journey through regular one-on-one check-in sessions.

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Practitioner Insights

Interact with faculty and industry experts during the program to gain actionable insights and implement learning into practice.

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Flexible Learning Journey

Customize your program experience by selecting from a range of topical electives and gain skill sets specific to your career goals.

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Networking Event

Meet your global peers at the three-day on-campus graduation and networking event in New York City.

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Select Alumni Benefits

Receive select Columbia Business School alumni benefits upon completion of the program and become part of a distinguished global community.

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Capstone Project

Work on a capstone project where you apply program learnings to a real-world case.

Program Curriculum

A multimodal learning experience, the Venture Capital Private Equity Program is a must for investment professionals who aim to get a holistic understanding of the VC and PE sectors and become influential contributors to negotiations at their companies. The comprehensive curriculum provides asynchronous learning and live sessions conducted by a learning facilitator and faculty. Participants will also be exposed to a host of engaging online guest lectures and fireside chats with leading industry executives. The flexible format allows for peer-to-peer learning and exploration of “try it” activities as well as practical case studies. The immersive program culminates in a three-day in-person graduation and networking event where you can connect with faculty and global peers.

  • Venture Capital Investment Cycle

    Venture Capital Foundations

    • Identify the Features of the VC Process Flow
    • Recognize the Risks and Rewards for Venture Investors and Founders
    • Map Potential Startup Ecosystem Stakeholders
    • Construct a Networking Plan That Addresses Stakeholder Network Gaps
    • Critique the Investment Potential of Real Startups

    What Makes a Good VC Investment

    • Assess Founding Team Non-Negotiables and Red Flags
    • Identify Startup Service Obtainable Markets
    • Evaluate Founder Assumptions
    • Recognize the Minimum Ratio of Customer Lifetime Value to Customer Acquisition Cost (CAC)
    • CAC and the Net Promoter Score
    • Rate People, Problems, and Progress in Startup Executive Summaries

    What Matters in a Term Sheet

    • Describe the Features of Financial and Governance Negotiations
    • Differentiate Between a Priced Equity Round and a Convertible Note Round
    • Calculate Ownership Dilution across the Life of a Startup
    • Distinguish among Governance Terms during a Term Sheet Negotiation
    • Describe the Fundamentals of Term Sheets
    • Illustrate Market Norms in Term Sheet Negotiations

    How to Value a Startup

    • Create a Valuation Scorecard
    • Evaluate the Capacity to Mitigate Risk
    • Name People and Resources That Support Market Valuation
    • Create a Capitalization Table on a Selected Startup

    How to Manage a Portfolio

    • Create a Personal Investment Portfolio Goal Matrix
    • Calculate the Return of a VC Portfolio
    • Discuss the VC Path
    • Evaluate the People, Problem, Progress, and Price of Investment in a Startup

    Lessons Learned from 15,000 Pitches

    • Describe Changes in Personal Venture Investing Goals
    • Create an Ellie Wheeler Airtable
    • Articulate the Details of a Personal Networking Plan

    Private Equity Investment Cycle

    Private Equity Foundations

    • Define and Discuss PE and Its History
    • Examine Net Income and Cash Flow in Relation to PE
    • Identify PE Stages, Challenges, and Perspectives
    • Study Related Accounting and Calculations Used in PE Valuations
    • Research the Business Case for PE

    What Makes a Good PE Investment

    • Identify Key Elements and Measures That Make a Good PE Investment
    • Examine the Impact of Environment, Social, and Governance (ESG) in PE
    • Analyze the Elements and Measures of PE Returns
    • Review PE Research and Evaluate Findings
    • Calculate Potential Return Using Standard Deviation

    How to Put the Deal Together

    • Identify and Define the Main Components of a PE Deal
    • Review the Components of PE Deal Sourcing, Time Management, and Relationships
    • Examine the PE Sales Process
    • List the Differences Between Public and Private PE Companies
    • Study the PE Valuation Process and Perform Related Calculations

    How to Create Value in PE

    • Review the Role of Price and Value in a Portfolio Company
    • Define Levers of Value in the PE Cycle
    • Identify Purchase Price Requirements
    • Define Synergies and Their Relationship to PE
    • Perform Calculations to Create Positive PE Investment Decisions

    What Does Success Look Like

    • Rigorous Investment Thesis: Public and Private Investment
    • Exit Strategies: IPO Sale to Strategic Buyer, Sale PE Buyer
    • Pricing Exiting—Elements of Return
    • Due Diligence Inquiry: Financial, Legal, and Operational
    • Leveraged Buyout

    What Could Possibly Go Wrong

    • Benefit of Bargain Protections
    • Risk Management Scenarios
    • Deal Documentation
    • Common Merger Agreements


  • A relevant choice of online electives will enhance your learning journey and assist in gaining knowledge and skills essential for your career growth. In these three six-week electives, you will dive deep into content that will expand your horizon, provide a global perspective, and sharpen your investment skills. These electives will help channel new growth areas for you to rise up the ladder or pivot your career.

    • Investing in Emerging Markets
    • Angel Investing
    • Leveraged Buyouts/Distressed Asset Investing
    • Term Sheets: Investor and Entrepreneur Perspectives
    • Investing in High-Growth Companies/Digital Investing
    • Trends in PE
    • Trends in VC

    Note: Electives are subject to change.

  • A choice of one in-person or live online open-enrollment elective will enable you to focus on a specialization of your interest and help unravel the intricacies of your selected topic. Designed to enhance your understanding of the VC and PE sectors, it will help position you as a serious investment strategist aiming to take your organization to newer heights.

    • Financial Analysis and Valuation
    • Deal Camp: Preparing for Private Equity
    • Venture Capital: Investing in Early-Stage Startups
    • Real Estate Investing
    • Investment Strategies
    • M&A

    Note: Electives are subject to change.

  • *This event will occur annually in New York City upon the completion of every fourth cohort of this program.



Note: Session topics are subject to change.

Meet the Faculty

Profile picture of professor Angela Lee

Angela Lee

Professor of Practice, Columbia Business School

Angela Lee is a professor of practice at Columbia Business School, where she teaches venture capital and leadership programs. Lee started her career in product management and moved to consulting at McKinsey. She has launched four startups and is also the founder of 37 Angels — an investing network that has evaluated over 15,000 startups, invested in 70+ startups, and activates new investors through a startup investment boot camp. She also serves as a venture partner at Fresco Capital, an early-stage venture fund that focuses on the future of work, digital health, and sustainable loops.

Lee has spoken at the White House and NASA and is an expert in online teaching and making learning scalable. She is a sought-after expert on CNBC, Bloomberg TV, MSNBC, and Fox Business. She was recognized by Inc. as one of 17 Inspiring Women to Watch in 2017, Six Innovative Women to Watch in 2015 by Entrepreneur, and Notable Women in Tech in 2019 by Crain’s. In 2020, she was recognized with the Dean's Award for Teaching Excellence at Columbia Business School.

Profile picture of professor Donna M. Hitscherich

Donna M. Hitscherich

Senior Lecturer in Discipline in Business Columbia Business School

Donna M. Hitscherich currently serves as a senior lecturer of finance, director of the Private Equity Program, and a Bernstein Faculty Leader at the Sanford C. Bernstein & Co. Center for Leadership and Ethics at Columbia Business School. Hitscherich's topics include corporate finance, business law, M&A, and advanced corporate finance.

Hitscherich has also served as a lecturer in law and accounting at Columbia Law School. From 1988–1990, she was an assistant professor of law at St. John’s University School of Law, where she taught federal securities regulation and legal ethics.

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Karim Bennis

Group CFO of Etisalat

Profile picture of professor John V. Faraci

John V. Faraci

Executive in Residence, Columbia Business School

Profile picture of professor Jesse Greene

Jesse Greene

Executive in Residence, Columbia Business School

Profile picture of professor Douglas Maine

Douglas Maine

Executive in Residence, Columbia Business School

Profile picture of professor Ravi Mallela

Ravi Mallela

CFO of First Hawaiian Bank

Profile picture of professor Paul Shoukry

Paul Shoukry

CFO of Raymond James Financial

Certificate in Business Excellence

Example image of certificate that will be awarded after successful completion of this program

Certificate in Business Excellence

Upon completion of the Venture Capital Private Equity Program, participants are awarded the Certificate in Business Excellence from Columbia Business School Executive Education. The certificate is a recognition of their achievement and the investment they and their organization have made in their education and development.

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Please note that participants must complete all modules of the program (online, in person or live online, inter-module) to receive the Certificate in Business Excellence.

Select Alumni Benefits

  • Access to Columbia Business School Alumni Career Services resources, including unique career content, a job board, an online networking platform, the alumni directory, and more
  • Invitations to alumni events and programs around the world
  • Eligibility to join Columbia Business School alumni clubs
  • Global networking opportunities
  • A 25 percent tuition benefit for you and up to four colleagues each year for full-price Executive Education in-person programs lasting up to seven days and all full-price online programs
  • Lifetime Columbia Business School forwarding email address
  • Subscription to our alumni publication Columbia Business

Participant Profile

Ideal candidates for the Venture Capital Private Equity Program are professionals who have recently embarked on their journey in private investing and are eager to take significant strides in the VC and PE sectors. The program is beneficial for executives in investment banking, finance, private equity, venture capital, financial consulting, risk advisory, etc., who aim to gain a holistic understanding of sourcing, managing, and structuring deals. You will emerge with the knowledge and practical experience needed to elevate your career and accelerate your firm’s impact.

Participants should have:

  • Fluency in written and spoken English
  • International exposure (preferred)

Application Details

Round 1

The first application deadline is
September 30, 2021 and the fee to apply is
US$300.

Round 2

The second application deadline is
October 21, 2021 and the fee to apply is
US$400.

Round 3

The third application deadline is
November 11, 2021 and the fee to apply is
US$500.

Apply Now

Early registrations are encouraged. Seats fill up quickly!