Cohort II · in session · Amsterdam

Building conviction in early-stage venture capital.

Banyan is a selective, student-led initiative exploring technology, startups and investing. Members develop real investment thinking through rigorous analysis of real companies, not theory.

8Weeks
2Phases
ICCommittee simulation
01 · What Banyan is

A venture initiative for real investment thinking.

Members work through real startup cases, investment theses, market analysis and simulated investment committee discussions inspired by institutional VC frameworks. We care less about CVs and more about how a person thinks.

01

Startup evaluation

Real companies, real diligence. We pressure-test markets, moats, teams and timing the way an investor would before writing a memo.

02

Investment thinking

From thesis to conviction. Members build a point of view on where value compounds, and learn to defend it under scrutiny.

03

Early-stage ecosystems

Networks beat institutions early. We map founders, operators and the technologies quietly reshaping the next decade.

02 · The program

From a seed to a grove in eight weeks.

A banyan starts as a small seed. Its branches drop roots that reach the ground and become new trunks, until one tree is a whole grove. The programme grows the same way: foundations first, then live startups, then a committee, then a network that carries the next cohort.

growth.log
Seed
Stage 1 · SeedSelection

Apply and get selected

A short application and a conversation. We look for curiosity, rigour and a point of view, not a finance CV.

Stage 2 · SproutPhase 1 · Weeks 1-2

Foundations

Wk 01
The venture mindsetVC fundamentals, fund mechanics, investor vs founder lens.Deliverable · Reflection
Wk 02
How to read a startupBusiness model analysis, startup anatomy, key metrics.Deliverable · Startup analysis sheet
Stage 3 · SaplingPhase 1 · Weeks 3-4

Thinking like an investor

Wk 03
Thinking like an investorInvestment thesis, risk and return, conviction vs consensus.Deliverable · 1-page investment brief
Wk 04
Valuation and live transitionValuation basics, deal terms, Phase 2 prep.Deliverable · Valuation worksheet
Stage 4 · Young treePhase 2 · Weeks 5-6

Live startups

Wk 05
Startup intake and first contactReal startup decks, initial analysis, founder framing.Deliverable · Draft analysis sheet
Wk 06
Founder challenge sessionLive Q&A with founders: probing questions and challenge.Deliverable · Key question log
Stage 5 · Aerial rootsPhase 2 · Weeks 7-8

Memo and committee

Wk 07
Memo drafting and IC prepWrite investment memos and challenge each other's reasoning.Deliverable · 2-page investment memo
Wk 08
IC simulation and reflectionFinal investment committee presentation and evaluation.Deliverable · IC scorecard
Stage 6 · GroveAfter the program

Roots become trunks

Graduates stay on as the network: they review the next cohort's memos, bring in deal flow and open doors. Every cohort makes the grove wider.

03 · For startups

An outside sparring partner.

Startups that work with Banyan get investor-style analysis and an honest outside view before the rooms that matter. A sparring partner, not a cheerleader.

A Banyan member presenting a startup analysis to the cohort Live startup teardown
What startups receive
  • Investor-style analysisA structured read of your company through a VC lens.
  • Market and positioning feedbackWhere you sit, who you compete with, and why now.
  • Pitch critiqueThe questions an investor will ask, before they ask them.
  • A written investment memoOur honest internal case for and against the company.
  • Founder discussionA live, candid session with the cohort.
  • Ambitious finance talentEarly relationships with future investors and operators.
Submit your startup →
04 · Research and insights

Conviction, written down.

Short investment memos, startup breakdowns and deep-tech analyses. The clearest record of how Banyan thinks.

05 · The team

Curious people in a room, thinking hard.

Banyan is built by students and early operators who care where technology goes next, and are disciplined about why.

The Banyan Ventures founding cohortThe founding cohort
Banyan members between sessions
A Banyan working session in progressWorking session
06 · What we believe

Curiosity comes before conviction.

A few principles that shape how we look at technology, markets and people. A lens, not a dogma.

01

Technology changes the world through compounding infrastructure shifts.

The biggest outcomes come from layers that quietly become unavoidable.
02

The best startups often look non-obvious early.

Consensus is already priced in. We train to be specific about why the crowd is wrong.
03

Venture is driven by asymmetric outcomes.

You are paid for being right and non-obvious, not for being safe.
04

Reputation compounds.

Honest analysis and good judgement grow with time.
Join Banyan

Think like an investor before you are one.

Applications are reviewed on a rolling basis. We look for curiosity, rigour and ambition. Bring a point of view.