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?