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Manager
Joined: 22 Aug 2006
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Internship Dilemma [#permalink]
 28 Apr 2007, 20:07
Since I'll be attending a one year MBA program in the Fall I'm in the process of lining up an internship for this summer. I've been offered opportunities at two very different types of venture capital firms and am trying to weigh the pros & cons of each.
The one firm is a traditional VC fund with ~$50M in capital and does early stage rounds of $1-3M. The internship would be unpaid and roughly 20 hours per week. The firm is located in a state I wouldn't mind working post graduation. Because this position is part-time I'm concerned that I would only be exposed to a handful of deals.
The second firm is a smaller Community Development VC fund having only around $11M worth of capital and does smaller rounds of $300k-$1M. The internship would be paid however it's located in a small mid-western town, where I probably wouldn't like to settle. I'm intrigued by the firms focus on the double bottom line, but I'm just worried the smaller size and reputation wouldn't provide the necessary resume boost I'm looking for.
Any thoughts?
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Manager
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If it's unpaid, why would they limit the number of hours?
Sounds to me like you really want the first one. My opinion is to go for it. Ideally, you do an internship at a company you'd be willing to work for after graduation.
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Manager
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Actually I'm more interested in the community development model of venture capital, so in that aspect the second firm is more appealing. However the first position would allow me to further build-up my local industry network which in turn could lead to a job offer post-graduation.
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GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
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Schools: Chicago (Booth) - Class of 2009
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I'd go for the gig that gets you the best contacts and best brand - its a short term decision really - experience here is experience. Beyond that, if you like it, its in a city you could stay in.
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