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Foundations of Venture Capital

An eight-part seminar series on how venture capital actually works

Most people put money into venture capital before they understand it.

Foundations of Venture Capital is a seminar series built to change that — eight sessions on the real mechanics of the asset class, taught plainly. Each session pairs a core framework with a fireside conversation and open discussion. No pitch. Just how it works.

The live series ran on Zoom over eight Wednesday evenings. Session recordings are available to members of the professional network on request and approval (see Access below).

Your Instructor

The series is taught by Eric S. Heinz, Founder and Managing Partner of Heinz Ventures. Before founding the firm, Eric spent his career operating inside regulated medical technology, with tenures at Medtronic and Intuitive Surgical. He is a registered patent agent with 19 patents, holds a Stanford Biodesign Graduate Certificate and an MBA from Kellogg, and completed his bioengineering degree at the University of Illinois at Urbana-Champaign.

Alongside his work at Heinz Ventures, he serves as an independent board director and teaches: Adjunct Clinical Assistant Professor at the Grainger College of Engineering at the University of Illinois, and Entrepreneur in Residence at Northwestern University and the University of Memphis.

The Lecture Series

Eight sessions, each 60 minutes: a ~20-minute framework, a fireside conversation with an invited guest, and open Q&A.

Lecture 1 — The venture capital asset class Power laws, the J-curve, and where venture fits in a portfolio.

                     Guest: Roger Royse, Haynes and Boone.

Lecture 2 — Inside a venture fund Structure, roles, fees vs. expenses, capital calls, and SPVs.

                     Guest: Mike Suprovici, Decile Group.

Lecture 3 — The medtech venture sector Where science, regulation, and returns meet.

                     Guest: Jonathan Norris, HSBC Innovation.

Lecture 4 — Portfolio construction How funds are actually built.

Lecture 5 — Venture financing & term sheets Economics vs. control.

Lecture 6 — Due diligence How to evaluate a deal, and how to evaluate a fund.

                     Guest: Jonathan Turner, Avanos Medical

Lecture 7 — Creating value after the check clears What investors actually do between the wire and the exit.

                     Guest: Tyler Wanke, Madison Scientific

Lecture 8 — Exits, distributions, and what can go wrong The distribution waterfall, and a few honest horror stories.          Guest: Thom Busby, Mirus Capital Advisors

What Each Session Includes

  • A one-page framework you can keep

  • A curated article or report for the week

  • A short case study

  • The full session recording

Format & Schedule

  • Format: Live seminar on Zoom — framework, fireside, and open Q&A

  • Cadence: Wednesdays, 7:00 PM Central

  • Run: Eight sessions, July 8 through September 2

  • Cost: Free

Access

The seminars were offered to members of Eric's professional network, and session recordings are held in a members-only area.

If we've connected and you'd like access to the recordings, submit your information below. Requests are reviewed individually and access is granted on approval.

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The content on this website is provided for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or other financial instruments. Nothing on this website should be relied upon as investment advice or as a basis for any investment decision.

Professional services described on this website are provided independently of any investment-related activities and are subject to applicable conflict checks and engagement terms.  Any investment-related information is provided, if at all, solely in private communications and to qualified parties.

©2026 by Heinz Ventures, LLC. All Rights Reserved.

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