It's officially Venture for America MATCH season!
Venture for America is a competitive fellowship program that recruits the nation's best and brightest and connects them to startups in emerging U.S. cities. Fellows work as full-time, salaried employees for 2+ years before either continuing on at the startup or launching a venture of their own. Interviewing Fellows begins on March 21st and runs through June 1st, and is facilitated through VFA's online platform, VFA Match. After placement, fellows participate in a training camp at Brown University, then start working at their startups in August.
VFA launched in Providence in 2012 and has since placed more than 20 Fellows in over 15 high-growth companies in the state. From mechanical engineers and growth hackers to business development and community managers, Fellows have hit the ground running in a wide range of roles at startups like Swipely, Focal Upright, Mojotech, Motel and Splitwise. 2012 Fellow, Ethan Carlson, has already launched his own venture in Providence, Escape Rhode Island, after working for two years at energy startup, VCharge.
Here’s the financial details:
Minimum $38,000 Base Salary
$5,000 placement fee: a tax-deductible donation that offsets the $30K VFA spends per fellow on recruiting, selection, training, placement, and ongoing support
Health & Benefits: Fellows either receive health care or a stipend to cover one
Equity / Options recommended: half of their companies offer fellows equity to incentivize performance
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