Andy note: This post was recommended by the author as a good one to repost to homepage - "Since it is recruiting season I think this post might be a good one to bump, VFA will be recruiting at all the top campuses around the U.S."
Every year a large amount of the best and brightest U.S. students head off to finance or Venture for America a program that recruits those students and places them in roles in fast-growing young companies. The students work for the company for two years and learn entrepreneurship and how to build a company in a hands-on experience. Yang's goal is that VFA Fellows and the companies they help will create 100,000 new jobs by 2025.. Seeing the success of programs like Teach For America led Andrew Yang to realize that the best and brightest were looking for more options, specifically options where they could "give back." He decided to create
"Our best and brightest are being absorbed by what I call 'the meta economy.' They're heading into professional services and transactions and optimizing but not into direct value creation. If you can imagine a country where the equivalent wave of talent currently heading to professional services was heading to fast-growing companies, think about what that would do for job creation."
Would/Will you consider applying to VFA? Will VFA be successful?
I think this seems like a great program for those who want to "give back" but still get something out of the experience. It seems like an excellent way to obtain an entrepreneurial understanding and by glancing at the current VFA Fellows it seems like they are definitely among the best and brightest.
Another interesting part of the article was this debunking of a common "myth."
You might have heard that small businesses create the majority of jobs. Recent research by John Haltiwanger, Ron Jarmin and Javier Miranda for the U.S. Census Bureau disproved that. It's young businesses that create jobs. "Once we control for firm age there is no systematic relationship between firm size and growth," the authors conclude.