In the midst of the implosion of the financial markets in 2008, True Ventures raised its second fund. Founder and partner Phil Black tells us that shortly after this raise in early 2009 (which he calls the “dark days in the financial world”), the fund’s partners were sitting at a meeting looking for innovative ways they could help jump start the tech economy. Inspired by President Obama’s 2009 inaugural address, True Ventures decided to launch their own program to encourage college students to work at early-stage startups, and to help inspire and educate the “entrepreneurs of tomorrow.”
Called the True Entrepreneurs Corps (TEC), the program places 12 undergraduate students in the fund’s early-stage portfolio companies. The internships take place during the summer in the San Francisco area and range in terms of focus, from technical coding to finance to marketing to business development. And TEC offers students a $3000 stipend for the summer.
To read the full, original article click on this link: True Ventures’ Entrepreneur Force Pays It Forward To Budding Tech Leaders
Author: Leena Rao
