This nonprofit organization places fellows in cities that aren’t traditional startup magnets, including Philadelphia. The New York Times profiled one young man who moved to Detroit via
Venture for America.
Some people might look at what Brentt Baltimore did and shake their heads in disbelief. Last year, Mr. Baltimore, a graduate of Claremont McKenna College in California who majored in economics and finance, turned down a six-figure job at a Los Angeles area hedge fund. Instead he took a $33,000-a-year position at a venture capital firm in Detroit. This, even though he has about $38,000 in student loan debt.
Mr. Baltimore, 24, is part of a small group of recent graduates who are forgoing large salaries to work for start-up businesses in Detroit, Las Vegas, Cincinnati, Cleveland, New Orleans, Baltimore and Philadelphia and Providence, R.I. He chose his job with the help of Venture for America, a nonprofit organization that selects fellows to work in cities that aren’t the usual magnets for young college graduates. By August, 108 fellows will be working at 70 companies as part of the two-year program.
Original source: The New York Times
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