The Venture Fellows Program provides MBA students with hands-on venture capital management, investment training, and/or operating company experience. Through the program, select students are placed with sponsoring venture capital firms or portfolio companies for a three-month summer internship. If placed in a venture capital firm, each fellow has the opportunity to engage in various aspects of portfolio analyses and deal management under the supervision of principals of the sponsoring firm. If placed in a portfolio company, the student learns under the supervision of a key executive.
The relationship between sponsoring organizations and Venture Fellows is mutually productive. The program offers fellows an early introduction to the venture industry. Venture firms and portfolio companies enjoy the services of talented, hardworking interns, and the cost of recruiting and training individuals qualified to become venture professionals is reduced.
A rigorous selection process ensures that Venture Fellows are among the UCLA Anderson's finest MBA candidates. A selection committee comprised of faculty, former fellows, and venture capitalists chooses from the applicant pool only those individuals who excel academically, possess relevant technical backgrounds and work experience, and have the motivation, intellect, energy, and resourcefulness to succeed in a venture capital organization. After a group of finalists is chosen, sponsoring organizations review candidates' resumes and interview individuals of their choice. Final placement is a joint decision between the participating firm and the selection committee. Fellows begin their internships in late June.
For one summer, fellows become full-time associates of sponsoring firms. Each fellow receives a modest stipend in honor of their selection to the program from the Deutschman Venture Fellows Endowment at the Price Center.
In the past, many venture organizations have participated in the Venture Fellows Program, including Aurora Capital, Avalon Ventures, Brentwood Associates, Brentwood Venture Capital, Crosspoint Ventures, DSV Partners, El Dorado Ventures, Hicks, Muse, Tate & Furst, Innocal, Kline Hawkes, Levine Leichtman Capital Partners, Peregrine Ventures, Shamrock Holdings, and Warburg, Pincus Ventures.