What does a Venture For America Company Partner Do?
Our Company Partners help support the Venture For America mission and enrich their own businesses by hiring a young, talented fellow at a very reasonable salary.
There are three basic components to being a Company Partner:
Our Company Partners help support the Venture For America mission and enrich their own businesses by hiring a young, talented fellow at a very reasonable salary.
There are three basic components to being a Company Partner:
Company Vetting: Companies must demonstrate that they are a good fit for Venture for America, in terms of size, growth potential, industry, business practices, and location.
Support the Mission: Partners must commit financial and human capital resources to enriching the overall Venture For America mission.
Hire a Fellow: Finally, Company Partners hire a fellow from a highly competitive pool, further narrowed down for a good fit to company culture and need.
Support the Mission: Partners must commit financial and human capital resources to enriching the overall Venture For America mission.
Hire a Fellow: Finally, Company Partners hire a fellow from a highly competitive pool, further narrowed down for a good fit to company culture and need.
Company Vetting
If you are a company that would like to have a Venture Fellow working for your company beginning in August 2013, the criteria are as follows:
High potential/high-growth. Prospective companies should have the potential to enhance American competitiveness and job growth. We like companies involved in energy, biotech, healthcare, materials sciences, information technology, internet technology, and education innovation.
Start-up to Early Stage Company. Defined as a company that is less than 10 years old with fewer than 50 full-time employees. Exceptions to these criteria may be made for companies whose founders or senior leadership agrees to mentor applicable Venture Fellow(s) and ensure successful integration.
Effective Management. The company must have demonstrated leadership with the motivation to create opportunities for others.
Financial viability. Companies must have either a clear path to break-even, enough financing for 12-18 months of operation at current burn rate, or founders with great track records.
Preference for Companies based in lower-cost cities. Venture for America is designed to enhance the talent pool for companies that are not located in customary destinations for college graduates. As a result, preference will be given to companies located in cities that are not experiencing a net inflow of college graduates.
VFA fellows are currently placed in Baltimore, Cincinnati, Cleveland, Detroit, Las Vegas, New Orleans, Philadelphia, and Providence. Potential expansion cities for the 2014 fellowship include New Haven, Pittsburgh, and Raleigh-Durham.
If you are a company that would like to have a Venture Fellow working for your company beginning in August 2013, the criteria are as follows:
High potential/high-growth. Prospective companies should have the potential to enhance American competitiveness and job growth. We like companies involved in energy, biotech, healthcare, materials sciences, information technology, internet technology, and education innovation.
Start-up to Early Stage Company. Defined as a company that is less than 10 years old with fewer than 50 full-time employees. Exceptions to these criteria may be made for companies whose founders or senior leadership agrees to mentor applicable Venture Fellow(s) and ensure successful integration.
Effective Management. The company must have demonstrated leadership with the motivation to create opportunities for others.
Financial viability. Companies must have either a clear path to break-even, enough financing for 12-18 months of operation at current burn rate, or founders with great track records.
Preference for Companies based in lower-cost cities. Venture for America is designed to enhance the talent pool for companies that are not located in customary destinations for college graduates. As a result, preference will be given to companies located in cities that are not experiencing a net inflow of college graduates.
VFA fellows are currently placed in Baltimore, Cincinnati, Cleveland, Detroit, Las Vegas, New Orleans, Philadelphia, and Providence. Potential expansion cities for the 2014 fellowship include New Haven, Pittsburgh, and Raleigh-Durham.
Hiring a Fellow
Venture for America Companies must commit to the following:
Partner Companies hire fellows from a talented pool, handpicked based on whatever your business needs. Click here to see the amazing impact fellows have already had on businesses. Companies agree to pay fellows between $32-38k/year plus Benefits (incl. Health Care) for 2 years--a great deal for the caliber of talent received.
Venture for America Companies must commit to the following:
- Agree to pay the Venture Fellow $32-38k/year plus Benefits (incl. Health Care) for 2 years. Additional compensation optional.
- Pay $2,500 per Fellow to fund Training Institute.
- Sit-down with Company Founder, CEO, or Senior Exec at least once a month (e.g. lunch).
- Host one event per year for Fellows in City
- Point of Contact responsible for Venture Fellow as manager (can be same as #3).
Partner Companies hire fellows from a talented pool, handpicked based on whatever your business needs. Click here to see the amazing impact fellows have already had on businesses. Companies agree to pay fellows between $32-38k/year plus Benefits (incl. Health Care) for 2 years--a great deal for the caliber of talent received.