Tuesday, March 31, 2009

Kauffman Fellows program - Applications due April 15


The mission of the Kauffman Fellows Program is to identify, develop, and network emerging global leaders in venture capital. Success for us means enabling entrepreneurs to build stronger, more enduring companies and, correspondingly, allowing venture investors to realize enhanced returns.

Working full-time at a venture capital firm, each Kauffman Fellow engages in a practical, 24-month apprenticeship including professional coaching, mentoring by senior partners, and quarterly sessions of industry and leadership curriculum. As members of the Society of Kauffman Fellows throughout their careers, fellows join a trusted network -- in Silicon Valley and across 5 continents -- that links together 500 individuals at 140 investing firms who are actively deploying $40B in venture capital. Insights are shared, resources are made available, and opportunities can be efficiently vetted and syndicated.

Based in Palo Alto, California, the Kauffman Fellows Program is administered by the Center for Venture Education, a 501(c)(3) post-graduate educational institution dedicated to fostering entrepreneurship throughout society. Inspired by Ewing Marion Kauffman’s legacy of promoting “economically independent individuals who are engaged and contributing citizens,” Kauffman Fellows to date have made $6 billion in venture capital investments, sparking growth in hundreds of new enterprises, $15 billion in annually recurring revenues and the creation of 48,000 jobs.

Kauffman Fellows have seen phenomenal results:

Industry retention of Kauffman Fellows is high. In contrast to industry averages, where about half of those who join VC firms stay in the industry, almost 80% of all fellows have remained in venture capital.
For all fellows who have remained in the venture capital industry for at least a year since graduating from the program, success rates are also high. Close to 70% are general partners in their firms.
Over a dozen Kauffman Fellows have founded their own firms and closed their first funds.

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