The Venture Fellow Program (January 2022)

Remote /
Venture Fellow Program /
Fellow
The application for the January 2022 cohort is now open! The final deadline to apply is October 24, 2021.

Please carefully read the Eligibility Requirements and Application Process and Deadlines section below.
 
The Venture Fellow Program

The mission of Alumni Ventures' Venture Fellow Program is to provide world-class professional development and hands-on learning opportunities in the venture capital industry, thereby serving as an onramp to careers in VC and entrepreneurship for hundreds of early- and mid-career professionals each year. Through education, networking, and practical application, the program improves access to jobs in these hard-to-enter career fields with a particular focus on increasing opportunities for underrepresented groups, promoting gender and racial and ethnic diversity in the venture industry.

Expectations
We expect fellows to put in a minimum of 5 hours per week. While participating in the program, we expect fellows to brand their LinkedIn profiles with information about their role at their fund.  A high level of professionalism, reliability, and responsibility is also expected.

No experience in venture capital is required. There is no cost to apply and there is no cost to participate in the program.

Eligibility Requirements

Before applying, please ensure that you meet the eligibility requirements below.

- Applicants must have a bachelor’s degree (or equivalent) before the start of the Program
- Applicants must be primarily based (living/working) in the United States
- Applicants must not be an investor in Alumni Ventures (AV) or any of our funds and Fellows cannot invest in AV funds for the duration of their Program participation  

The Venture Fellow program is geared toward early- to mid-career college graduates who are currently working full- or part-time, but we accept and consider applications from any eligible candidate. A core tenet of the Venture Fellow Program is to promote diversity in Venture Capital. We encourage individuals from all genders, ethnicities, and socio-economic backgrounds to apply.

Application Process and Deadlines
 
October 24, 2021 - Final Application Deadline
January 10, 2022 - Formal Start Date for January 2022 Cohort 

To be considered as a Fellow for an alumni fund, candidates must have earned a degree from or be a graduate student at one of the universities listed below.  Students in graduate degree programs may apply while still in progress towards completing their degree.  (For example, to be considered for the Green D Fund you must be a Dartmouth alum or a current Dartmouth graduate student.)

- Brown University
- Columbia University
- Cornell University
- Dartmouth University
- Duke University
- Harvard University
- Massachusetts Institute of Technology
- Northwestern University
- Princeton University
- Stanford University
- Texas A&M University
- University of California, Berkeley
- University of California, Los Angeles
- University of Chicago
- University of Pennsylvania
- University of Texas at Austin
- University of Wisconsin-Madison
- Yale University

For a list of our funds and associated alumni communities, please click here. 

All other alumni affiliations will be considered to be a Fellow supporting Alumni Ventures, contributing to various funds. 

We are actively seeking applicants from Historically Black Colleges and Universities (HBCUs) including Hampton University, Howard University, Morehouse College, Spelman College, and Xavier University of Louisiana, among others.

Review Process
All applications received by the final application deadline will be reviewed by the Venture Fellow Program admissions committee. After the initial review, the Venture Fellow Program will notify candidates if they are invited to an interview.  Applicants who are selected for an interview will be notified after the final application deadline. Interviews typically take place ~3 weeks after the final application deadline.  After the interview, final decisions about admissions will be made.

For the January 2022 cohort, candidates' applications will be reviewed throughout the month of October. Qualified candidates will be invited to interview with a member of the VFP admissions committee or relevant fund team. Interviews typically take place in November and offers will be communicated by the end of November.

For additional questions, please email fellowprogram@avgfunds.com 
 
Application Instructions

The application will take roughly 5-10 hours to complete. A valid submission requires three attachments. 

Any submissions without all three submissions will not be accepted.
1. Resume
2. Intro letter (Directions below; Please do not submit a cover letter)
3. Industry map (Directions below)


The application does not have a save function and must be completed in one sitting. To ensure you do not lose your work, prepare these three attachments before completing the questions below.

Intro Letter Instructions (limit 1 page)
Please upload a letter of introduction in place of a cover letter. Be sure to address the following in your letter:

a) What is it you hope to gain from participation in the Venture Fellow Program?;
b) Why/how you are prepared to add value to the Venture Fellow Program? Please share the unique perspective you would bring to the program.;
c) How do you see the Venture Fellow Program impacting your career trajectory?

Industry Map Instructions
As part of the application process, we ask that you prepare an industry map on an industry of your choice. In your industry map you should outline the specific market, key players in the VC space, and identify a top-10 list of companies in the space. For this exercise, please follow these instructions:
1) Choose an industry to map. Include high-level information on the industry, including market size, trends and growth.
2) Include a short summary of the major players in the VC space for your industry of choice and provide rationale for why you have included these firms.
3) Map the top 10 startups in the industry that you would review for a venture investment.  Explain the high-level steps you took to create this list. For each startup, provide a short summary about why you have included each on your list. What makes these companies an interesting potential VC investment?

This project will be used to assess your presentation, writing, analytical, and research skills and will be used for admissions/educational purposes only.