Monday, July 12, 2004

VC fellowships

As you know, my current hobby is learning about venture capital. Well, poking around yesterday, I found a 2-year Fellowship program that basically sets you up working for a VC, while getting together 4 or 5 times a year for intensive education weeks.

It costs 50K tuition for the two years... paid by your VC employer, not you. PLUS, you get paid a minimum 80K by the employer salary. 500 applicants/year (many from Harvard Biz School, which is how I found this site), and they take 12.

Now let's compare. Yale School of Drama, say, costs 100K for three years of education. This VC fellowship PAYS 160K for two years, and throws in tuition and education for free.

On the other hand, Yale cups you in their many human hands like a rare bird for those three years, and you get profoundly educated. Here... well, here you work. I've always liked getting paid to learn. Although, in theatre, I've gotten a profound education by being willing to work for free.

I feel like I'm playing Warmer, Cooler, feeling towards my next step.

The thing is, I don't think I'd like the actual job of VC any more than I currently like the job of making games. I don't really want to coach other companies; I want to grow my own. But I do want to know the first-derivative curve of company growth -- what are the energy currents, what signs do you read, how do you surf that sea? A VC's study is the study of growing things, made by people. It's not that different from a theatre.

I think money, greatness, and grace converge.

1 comment:

Dr. Neil said...

Interesting ideas. I can understand why you don't wart to work as a VC!