For students interested in entrepreneurship but not already committed to launching their own venture, Darden offers the Batten Venture Internship Program (BVIP). This program provides Darden students the opportunity to pursue summer internships with venture capital (VC) firms and their portfolio companies. Students gain the experience of working for a VC firm or start-up and companies benefit from having access to talented Darden MBA students for the summer.To promote and support student involvement with these firms, the Batten Endowment provides a matching stipend to supplement a student’s summer salary. If you have questions, contact: Reid Thompson (Assistant Director, Career Education and Advising) MJ Toms (Director, Education & Experiential Learning, Batten Institute) Menu Dates & Student Guidelines Student-Initiated Positions Requirements Typical Projects DatesLast Day for BVIP Offers: TBA April 2018Student GuidelinesStudents are asked to commit to the following: Work from approximately 1 June–8 August. Vacations during this period may be negotiated with the company, with the ending or beginning date extended appropriately. Perform any reasonable activity assigned by the company, recognizing that the company should make every effort to fully utilize the professional skills and graduate school experience that each student brings to the assignment. Participate (with the company’s acceptance and support) in joint activities designed to support the educational process by facilitating the sharing of experiences.Program SlotsOur program plans to support approximately 30 slots, expecting roughly a 50/50 mix of VC versus portfolio company slots. The slot is NOT committed until the student commits to accepting the offer from a qualifying company. Student-Initiated PositionsThrough their own networking, students may initiate their own BVIP opportunity. It should be with a VC, VC-backed or angel-funded portfolio company. Simply follow the company guidelines information and try to structure a meaningful internship along these lines. Each case will be evaluated on its merit, but we have always supported this type of proactive student effort. (Contact Reid Thompson in the Career Development Center (CDC) Office if you plan to go this route.) Our total slots are limited, so apply early.With your resume we recommend a one-page cover letter submission that includes: Your passion for the world of entrepreneurship/venture capital Your experience and skills that relate to the world of entrepreneurship, venture capital and private equity Your understanding of — and experience in — the space/context in which the company operates or will operate Address your flexibility, your business analysis strengths, business development strengths, etc. Answer the question: Why should this company hire you for this opportunity? You should submit yourresume and cover letter through the CDC system as soon as the posting firstappears. Resumes and cover letters will be sent to the companies each week. Requirements Students applying for a BVIP must accept the terms and conditions below, or funding may not be approved or forfeited: Student cannot accept any other internships, either from on-Grounds or off-Grounds sources.Student must notify any companies or organizations they are still interviewing with that they have accepted an offer for the summer and will withdraw from further interviews and/or internship discussions with them.BVIP internship is the only internship the student can take part in during summer.The company the student is working for cannot be owned by any family member. Typical BVIP ProjectsCompetitive AssessmentConduct value chain analysis for an industry/market. Conduct financial analysis of competitors, partners and potential candidates. Research plans to combat competitors or create partnerships to strengthen the value chain.Brand/Product StrategyDevelop short and/or long term strategy for a brand in the marketplace. Analyze customer trends and identify key issues facing current and future business. Formulate an annual marketing plan. Generate ideas for product improvement and product mix strategies. Evaluate partnership opportunities.Operational AnalysisReview existing operational structures, functional overlap and integration, best practices. Provide recommendations for improving and streamlining operational processes and systems.Planning and Analysis DevelopmentPerform project analyses and investment assessments to support growth activities. Conduct industry research, best practices, internal and external financial analysis and decision analysis.Market StrategyAnalyze market trends, needs and structure. Identify emerging opportunities and/or underserved markets.Management Function AnalysisEvaluate existing systems and processes in support of both system and management structures. Provide recommendations for improving processes and systems to enhance management functions.Finance Function AnalysisEvaluate existing financial models, reporting and packages. Provide recommendations for redesigning models, tools, processes and systems. Work with investors and management to create enhanced reporting strategies to support both internal and external strategic goals.Business Plan Preparation and ReviewCreate templates and assist company management in writing executive summary, full business plans and appendices; develop marketing materials to send to prospective investors, develop targets of opportunity.Video OverviewPhilippe Sommer, Former Director of Entrepreneurship Programs at the University of Virginia Darden School of Business, talks about the Batten Venture Internship Program.Stephanie Yeung (MBA '12) discusses her participation in the Batten Internship Venture Program during the summer of 2011.