IVCA Feature: Online Article Links to Intern Best Practices and Perspectives
Throughout the 2024 series on the IVCA Scholars program, former participants and the firms they interned at have provided glimpses inside the interactions between the scholars and their sponsors. More and more, the VC and PE industries are opening their doors to generate both diversity and experiences in taking on interns, both within the IVCA Scholars program and in general. Below is some perspective on these endeavors, and some best practices for internships.
Technical.ly, ‘Four Steps to Create a Pipeline-Building Internship Program for your VC Firm’
A successful internship program is an invaluable asset for startups and VC firms seeking to foster a pipeline of talent and drive innovation. As summer comes to a close, many organizations are wrapping up their programs and, hopefully, evaluating what went right and identifying areas for improvement.
READ MORE: https://technical.ly/diversity-equity-inclusion/pipeline-building-internship-program-startup-vc/
MergersandAcquisitions.com, ‘The Private Equity Internship: The Best Stepping Stone Role into the Finance Industry?
A long time ago, Private Equity internships were not ‘a thing’ A few smaller firms offered them, but you weren’t likely to complete one during university. Everyone focused on the 3rd year investment banking internship since it led directly to a full-time offer if you performed well enough. And that is still true … it is the most important internship in undergrad. But everything leading up to it has changed.
READ MORE: https://mergersandinquisitions.com/private-equity-internships/
NaceWeb.org, ‘Best Practices for Internship Programs’
Straight dope from the National Association of Colleges and Employers: “Many organizations use their internship programs to feed their full-time hiring. In fact, employers have reported that their internship program is the single-best strategy for recruiting new college graduates.”
READ MORE: https://www.naceweb.org/talent-acquisition/internships/15-best-practices-for-internship-programs/
Kitces.com, ‘Best Practices For Running A Financial Planning Internship Program’
Advice from an Industry Insider: “Traditionally, financial planning internship programs have offered students who are aspiring financial planners a way to prepare for entering the workforce by gaining real-world experience in advisory firm settings (as well as a way to get their foot in the door with prospective employers).”
HBR.Org, PODCAST, ’What Venture Capitalists Can Teach … About Decision-Making’
From the Harvard Business Review, even though this lesson is in dealing with other companies, it’s good advice also for the intern: “Stanford Graduate School of Business professor Ilya Strebulaev says that VC firms have proven best practices that all leaders should apply in their own companies. He explains exactly how VC’s operationalize risk, embrace disagreement over consensus, and stay agile in their decision-making—all valuable lessons that apply outside of Silicon Valley”
LISTEN HERE (28 Minutes): https://hbr.org/podcast/2024/05/what-venture-capitalists-can-teach-companies-about-decision-making
PEFuncast.Libsyn.com, PODCAST, ’The Increasingly Important Role Talent is Playing in Private Equity’
Interns are talent, so some advice from the Private Equity Funcast: The “yearly ritual to discuss the results of the 7th Annual PE Leadership Survey, [emphasizes] the rising important of talent recruiting, engagement, development, and retention. They close with tips to help leaders and investors better manage in a world that is only become more and more volatile, uncertain, complex, and ambiguous.”
LISTEN HERE (50 Minutes): https://pefuncast.libsyn.com/the-increasingly-important-role-talent-is-playing-in-private-equity