Bet on Entrepreneurship
The Bet on Entrepreneurship program provides rising Sophomores (Class of 2025) at the University of Pennsylvania who identify as first-generation, and/or lower-income (FGLI) with an eight-week, summer immersion placement with San Francisco/Bay Area-based charter venture capital firms. The program is not for credit and is meant to complement the selected students’ course of study and exploratory interest in entrepreneurship, venture investing, and innovation with practical, hands-on professional experience.
Key Program Insights
* Preparation. Admitted students are required to attend a six-week Spring pre-immersion Bootcamp. This co-curricular program will provide the BoE cohort with hands-on and actionable training to prepare them for their summer immersion experience. These sessions will take place on campus, at Tangen Hall, on Friday afternoons between March 14, 2022 and April 25, 2022 from 3:30 - 6:30 pm (Eastern Time). Please note the Bootcamp session dates: March 18, March 25, April 1, April 8, April 15, and April 22.
Bet on Entrepreneurship Program Timeline
December 6, 2021
Friday, January 14, 2022
Friday, February 11, 2022
March 14, 2022 to April 25, 2022
Monday, June 6, 2022
Start of Summer Immersion Program
Friday, July 29, 2022
End of Summer Immersion Program
Bet on Entrepreneurship (BoE) Program - Frequently Asked Questions
What is the Bet on Entrepreneurship Program?
The Bet on Entrepreneurship (BoE) provides an opportunity for members of the Class of 2025 who identify as first-generation, lower-income (FGLI) to learn about and experience roles in the entrepreneurship and venture capital sectors in the San Francisco/Bay Area.
Who is eligible to apply?
Applications are open to current First-Year (rising sophomores) students who identify as first-generation, lower income (FGLI).
When do applications open and close?
Applications are open, so apply now! Applications will close on Friday, January 14, 2022 at 11:59 pm (Eastern Time).
Application deadline - I have a great reason why my application is late - can you mark it as on time?
No, sorry. In fairness to all applicants, late applications will not be accepted. We recommend beginning the application process as soon as possible and allowing plenty of time to complete the process and upload required materials prior to the application deadline. Please check your your video links and confirm that they are viewable. Applications are due before 11:59 pm (Eastern Time) on Friday, January 14, 2022. Applications will be accepted only via the online application; email submissions are ineligible.
When will I know if I've been accepted to the program?
Applicants will be notified of their admission to the BoE program around Friday, February 11, 2022. Admitted students will need to accept their spots in Survey Monkey Apply before Friday, February 18, 2022.
Is there an award that accompanies acceptance to the BoE program?
Students that are admitted to the program will receive a financial award upon successful completion of specific program milestones. That financial award can be used to offset costs for participating in the summer immersion not covered by the program. Students will be responsible for travel costs, meals (breakfasts, lunches, and dinners) not provided by the program.
Which expenses associated with participating in BoE are covered by the program? Which expenses are student participants expected to cover?
In addition to the financial award associated with admission to the program, the BoE program will cover housing in San Francisco for the duration of the Summer Immersion program, as well as transportation and meals for BoE program-hosted cohort outings. The BoE program will provide refreshments during the on-campus Spring Bootcamp sessions.
Students will be responsible for transportation expense (airfare, etc.) to and from San Francisco (i.e., at the beginning and the end of the Summer Immersion program). BoE participants are responsible for their daily meal and transportation expense (e.g., to and from summer immersive placement) during the Summer Immersion Program. Admitted students may use Penn funding resources for travel expenses.
What is the Spring Bootcamp? Am I Required to Attend?
All admitted BoE students are required to attend a six-week (once-weekly) Spring pre-program Bootcamp. This co-curricular program will provide the BoE cohort with hands-on and actionable training to prepare them for their summer immersion experience. The once-weekly sessions will take place on campus, at Tangen Hall, on Friday afternoons between March 14, 2022 and April 25, 2022 from 3:30 - 6:30 pm (Eastern Time). Please note the Bootcamp session dates: March 18, March 25, April 1, April 8, April 15, and April 22.
What if I'm unable to participate in a Bootcamp session because of an emergency or previous engagement? Are there excused absences?
Attendance is required at all Bootcamp sessions. Excused absences from BoE Bootcamp sessions will be determined on a case-by-case basis. Since all of the dates have been provided in advance, please include information in your application if you know you will not be able to attend any of the sessions. If a conflict comes up later in the program, please contact the program administrators as soon as possible to determine next steps.
What are the dates for the Summer Immersion program?
The formal dates for the Summer Immersion program are Monday, June 6 to Friday, July 29, 2022. There will be some pre- and post-program events, so plan on traveling to San Francisco the week of May 30, 2022 and to your post-program destination the week of August 1, 2022.
Where could I get placed for the summer?
We are excited to announce that we have four venture capital firms as part of the inaugural Bet on Entrepreneurship program:
- First Round Capital: https://firstround.com/
- Forerunner Ventures: https://www.forerunnerventures.com/
- NewView Capital: https://nvc.vc/
- Softbank Opportunity Fund: https://theopportunityfund.com/
How will placement decisions be made and when will they be announced?
During the Spring Bootcamp, BoE participants will have an opportunity to learn more about the specific opportunities at the participating venture capital firms and will be able to rank their interest in the available programs. While everyone will get a pairing, we cannot guarantee that all students will receive their preferred placements. Final placements will be announced the week of April 25, 2022.
Who should I reach out to with questions about the program or my application?
For questions about the program and/or application please email: email@example.com with "Bet on Entrepreneurship" in the subject line.