VC Include Fellowship for Impact Fund I Managers — VC Include (2024)

VC Include Fellowship for Impact Fund I Managers — VC Include (1)

Fellowship for Impact Fund I Managers

VC Include Fellowship for Impact Fund I Managers — VC Include (2)

VCI’s Fellowship educates the next generation of institutional grade asset managers in Venture Capital, Private Equity + Impact Investing.

VC Include Fellowship for Impact Fund I Managers — VC Include (3)

The application will be open from Friday, February 16, through Friday, March 8, 2024.

About the Fellowship

As supporters of historically underrepresented venture capital (VC) and private equity (PE) fund managers over the last decade, we know their pain points around getting access to investors that understand their value proposition.

That is why we’ve created an education platform and support network for emerging managers that has graduated 57 General Partners (GPs) over that past 3 years. Without this support, emerging managers are slowed down or prevented from making timely investments into diverse startup founders that are tapped into local and regional markets. Our alumni are all committed to impactful investments that create jobs, entrepreneurial ecosystems, and inclusive sustainability.

Many historically underrepresented GPs have their finger on the pulse of opportunities that many institutional investors have overlooked.

Institutional investors see the opportunity to partner with VC Include as a built-in force multiplier to their investment strategy, as they begin to understand the huge opportunity to identify and invest in high growth, high potential diverse founders.

VC Include Fellowship for Impact Fund I Managers — VC Include (4)

“The VC Include Fellowship to support historically underrepresented impact fund managers is long overdue. We’re honored to lead the charge in growing best-in-class fund managers and measuring positive impact over the coming decades.

– Bahiyah Yasmeen Robinson

VC Include Fellowship for Impact Fund I Managers — VC Include (5)

Do you know an emerging manager or fund that you would like to nominate to the Fellowship?

Nominate Them Here

See What Fellows Have to Say

One of the best ways to better understand the Fellowship for Impact Fund I Managers is by listening to the experiences of our fellows.

With a balanced mix of educational training, community building, and investment industry network exposure and support, the program provides a well-rounded understanding of the journey of building a fund.

Fellowship FAQs

  • The core 10 week Fellowship program runs from Tue May 14, 2024 through Tue July 16, 2024. There will be an in-person Graduation in early Fall, likely in Washington, DC. Post graduation, Alumni Fellows are expected to have bi-monthly check-ins with the VCI team so we can track your progress and tailor our support.

  • The time commitment during the core Fellowship is approximately 4-6 hours per week for the duration of the program (between 35 to 50 hours total over the 10 week program).

  • The only required travel will be to Washington, DC, for the 2024 Fellowship Graduation (to be held early Fall 2024 preceding the INCLUDE Conference). Fellows will be expected to cover their travel expenses, however, the registration fee for the INCLUDE Conference will be complimentary for Fellows who successfully complete the 2024 Fellowship.

  • Sessions will be held every Tuesday and Thursday, and the occasional Wednesday for approximately 2-3 hours of interactive time each day, plus assignments. GPs are expected to attend all sessions.

  • For the 2024 Cohort, we expect to admit approximately 12-15 funds.

  • No, you do not need VC/PE industry experience to be considered for the Fellowship. However, you do need to have investment experience – such as having been an angel investor. The VCI Fellowship focuses on fund managers who are actively in the process of raising, or in the process of launching, a VC or PE fund.

  • Your fund must be domiciled in the United States in order for you to be eligible for the fellowship. However, your fund may invest in other countries.

  • Although there is no tuition charged for the 2024 Fellowship, there is an administrative fee of $2,500 per fund to be paid by the selected participants. If there is an issue with being able to pay this fee, please explain in your application.

2023 Fellows – Cohort III

2022 Fellows – Cohort II

2021 Fellows – Cohort I

What Previous Fellows Have to Say

VC Include Fellowship for Impact Fund I Managers — VC Include (67)

VC Include Fellowship for Impact Fund I Managers — VC Include (68)

VC Include Fellowship for Impact Fund I Managers — VC Include (69)

VC Include Fellowship for Impact Fund I Managers — VC Include (70)

VC Include Fellowship for Impact Fund I Managers — VC Include (71)

The investment industry is lacking emerging manager programs that focus on the development of high potential, diverse fund managers. We're changing that.

VC Include Fellowship for Impact Fund I Managers — VC Include (2024)

FAQs

What is a fellowship in VC? ›

VC Fellowships are entry-level programs providing industry knowledge and mentorship, offering a range of activities across the fund and lasting 8 months to two years.

What is a VC fund manager? ›

Venture capital (VC) managers aim to invest in startup companies that are early in the development stage - often pre-profit - with high growth potential. They invest far smaller amounts than buyout or growth funds, but generally hold a larger portfolio of companies.

What venture capital includes? ›

Venture capital (VC) is a form of private equity and a type of financing for startup companies and small businesses with long-term growth potential. Venture capital generally comes from investors, investment banks, and financial institutions. Venture capital can also be provided as technical or managerial expertise.

How does VC work? ›

A venture capitalist (VC) is an investor who provides young companies with capital in exchange for equity. Startups often turn to VCs for funding to scale and commercialize their products.

How much do VC fellowships pay? ›

As of Apr 29, 2024, the average annual pay for a Venture Fellow in the United States is $59,022 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.38 an hour. This is the equivalent of $1,135/week or $4,918/month.

Are VC fellowships worth it? ›

Fellowship Programs equip participants with the skills needed to secure funding for future venture funds. Participants also gain insights into the economics of a fund, understanding the financial dynamics that drive the success of top-quartile venture capital firms.

Do VC funds make money? ›

There are 3 main ways a VC makes money. 1st revenue stream: management fees. Each fund is usually structured to be close-ended (no more money in once there is a final closing; there are variations possible with SPVS and opportunity funds…), and has a duration of 10 years (I've seen from 6 to 15 years).

How do VC funds pay out? ›

For investors in a venture capital fund, distributions often arrive in the form of a check or wire transfer after the VC fund “exits” its ownership position in one of the companies in the fund's portfolio.

Where do VC funds get money from? ›

The capital in VC comes from affluent individuals, pension funds, endowments, insurance companies, and other entities that are willing to take higher risks for potentially higher rewards.

How much money do you need for venture capital? ›

Many venture capitalists will stick with investing in companies that operate in industries with which they are familiar. Their decisions will be based on deep-dive research. In order to activate this process and really make an impact, you will need between $1 million and $5 million.

What are the three types of venture capital funds? ›

Types of Venture Capital Funds

Venture Capital Funds are classified on the basis of their utilisation at different stages of a business. The 3 main types are early stage financing, expansion financing, and acquisition/buyout financing. There are 3 sub-categories in early stage financing.

Is venture capital a debt or equity? ›

Venture capital is an equity-based form of financing, whereby investors invest profits into a company and receive a stake in return.

Do you have to pay back VC funding? ›

Venture debt is paid back in monthly instalments, whereas venture capital equity is only paid back by selling your company's shares. You prefer to have experienced advisors to help you grow. Equity investors will sometimes get a seat on your company's board and can become great advisors to startups.

What does a VC do all day? ›

Working with portfolio companies: Venture capitalists often work closely with the startups in their portfolio to provide support and guidance as they grow and scale. This may involve attending board meetings, providing strategic advice, and helping to identify new growth opportunities.

Do VC funds use debt? ›

Most VC-backed companies progress through a series of equity and debt financings and, as a result, are multiturn games.

What is the purpose of a fellowship? ›

Fellowships are merit-based competitive internal or external awards to support a full-time course of study of qualified graduate students. Fellows receive financial support to focus on their graduate research and training without the requirement of service to the university (teaching or research).

What is the point in doing a fellowship? ›

There are several benefits to participating in a fellowship. Fellowships can provide opportunities for cultural immersion, expanding both professional and personal networks, experiential learning, and professional development - to name just a few.

Is a fellowship a paid position? ›

As of Apr 29, 2024, the average annual pay for the Fellowship jobs category in California is $58,328 a year.

What is virtual fellowship? ›

Virtual Fellowships allow cancer professionals from UICC member organisations to obtain expert learning and guidance in cancer control in English, French or Spanish, through a series of four one-to-one video calls with experts.

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