Venture for America aims to help startups

October 12, 2011
Back to TopCommentsE-mailPrintBookmark and Share

The New York Times had a piece this month on serial entrepreneur Andrew Yang’s vision for Venture for America, a not-for-profit that aims to put new college graduates to work at startups.

Modeled after the Teach for America program that trains recent grads for two-year stints as educators, Venture is planning a five-week boot camp for the first 50 fellows in June before they’re shipped off to jobs in Detroit, New Orleans and Providence, R.I.

Other cities would be added as Yang’s group works toward the goal of creating 100,000 jobs by 2025.

Participating companies would pay the fellows’ salaries, which the Times says will range from $32,000 to $38,000 plus benefits.

Yang hopes the program helps startups attract some of the top talent that otherwise gets picked off by major corporations looking for new blood.

That approach has worked for Teach for America, but as IBJ’s J.K. Wall reported this summer, the temporary nature of the positions is a potential drawback for schools.

What do you think about Yang’s idea? Will a program like Venture for America work in a city like Indianapolis?

 

 

ADVERTISEMENT
  • The Orr Fellowship
    Since 2001, The Orr Fellowship has placed 115 Hoosier natives and Indiana college graduates in startups and high-growth companies around the city and state. As a part of the Orr Fellowship class of 2010, I'm happy to see this idea spread across the nation. Andrew Yang's mission to further promote entrepreneurship to America's top talent is a noble endeavor.

    As someone invested in both our city and the growth of small businesses, I'm encouraged to see the increasing amount of attention and effort being poured into the kind of companies that are creating jobs, not eliminating them.
  • Training
    I'm a student going back for a second degree in technology. It's amazingly difficult to gain the experience employers desire for entry-level positions right now. Startups require their employees to wear multiple hats. It would be a great skill-builder to get new grads into the marketplace while encouraging the growth of small business.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

ADVERTISEMENT