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Short 5-Weeks Program

Decoding Venture Capital

Understand venture capital from the inside.

General InformationDescriptionKey LearningsBenefitsScheduleGoalsExaminationContact PersonsAdditional ServicesFAQLiteratureRegistration

Attention

Decoding Venture Capital

Understand how venture capital actually works, from fund structure and deal sourcing to building conviction around a thesis. Through five sessions with real investors and lawyers, you'll get a hands-on, investor-side view of the startup funding ecosystem, ending with your own investment call in front of a live jury.

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Project Seminar

General Information

Term(s)

Venture Capital

Time investment

Weekly Live Sessions

2 Hours

Every Thursday from 4:45PM - 6:45PM

ECTS

No ECTS credits but HPI Certificate

Module type

Module selection at HPI

Grades

No grades

Enrollment deadline

20.10.2026 (midnight)

Examination date

Teaching format

Workshops & Pannel Talks

Teaching language

English

Registration requirements and link

Fee

No fee

Team budget

HPI Founder Scholarship

Participants

Maximum number of Participants

30

Room (Location)

Hasso Plattner Institute Campus II House L

Key dates

22.10.2026

Foundations

29.10.2026

Navigating Uncertainty

05.11.2026

Building a Thesis-Driven Fund

12.11.2026

VC Law Essentials

19.11.2026

Live Jury

Learning and Teaching Methods

The program consists of five live sessions, including a hands-on "Navigating Uncertainty" workshop and a live jury presentation, to gain practical knowledge and engage with real VC frameworks.

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Details

Description

Over 5 weeks, you will learn how venture capital works from the inside, from fund structures and key metrics to sourcing deals and building conviction as an investor. You'll also get the opportunity to test your judgment under real uncertainty and defend an investment call in front of a live jury.

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Session 1: Foundations
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GP/LP structures, fund economics (the famous 2 and 20), the investment process end-to-end, funding stages from pre-seed to IPO, key metrics, and what roles actually exist inside a fund and how automation and tooling shape modern fund operations, with Michael Mansfeld (HPVC) and Katharina Schild (Cathay Innovation).

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Session 2: Navigating Uncertainty
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A hands-on workshop putting you in the investor's seat: as a VC, how do you push founders to reduce uncertainty and how do you make the call when they can't?

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Session 3: Building a Thesis-Driven Fund
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What it takes to build conviction around a fund thesis, including the realities of raising and investing as a diversity-focused fund, with Jaren Schipper (identity.vc) and Melusine Bliessener (AENU).

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Session 4: VC Law Essentials
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Cap tables, term sheets, valuations, and deal structuring, explained by real lawyers from V14.

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Session 5: Live Jury
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Present your own investment case and defend it in front of a live jury of guest investors, with direct feedback on your reasoning and investment decision.

Key learnings

Key learnings

1. How is a VC fund structured and how does money flow between GPs and LPs?
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2. How do VCs source, screen, and evaluate startups?
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3. What key metrics and financials do investors look at before writing a check?
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4. How do term sheets, cap tables, and deal negotiations actually work?
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5. What does it take to build a fund around a specific thesis, including as a diversity-focused fund?
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6. How do you make an investment call when uncertainty can't be fully resolved?

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Benefits

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Key learnings

Our Goals

Examination

Examination

Your Lecturers and Program Managers

You want to get more information?
Don't hesitate to contact us!

Sarah Luna Mongin

Program Manager

Email
Services

Additional Services

FAQ

Frequently
asked questions

Requirements

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Program Structure

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Data Rights

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Literature

Literature

Registration

Apply Here!

Sign Up Here
Registration Requirements
Application Instruction
Selection Process
Note for external students
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