Looking towards next summer, I would like to get some startup experience on my resume. Has anyone interned at a startup? What is the recruitment process like? And how valuable would this experience be for VC/IB jobs? I've heard vaguely that VCs love startup experience but not sure if startup internship exp would be seen the same as working at a startup full-time.
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Props to you for a) already actively looking, b) being on WSO, c) being far, far ahead of the majority of your competition.
Cast a wide net and don't leave all eggs in one basket etc etc (seems like you understand this already). All well-established IB firms will completely understand if the last and most aged item on your resume is a fintech/startup (think to the future, 2-3 yrs from now) and, tbh, it's a good thing to take up space and a nice way for you to gain some real world experience. By the time recruitment comes for IB and the like, you could've just as easily either switched your mind about vc/ib entirely, or, more likely (and better for you) have secured further more relevant internships outside of fintech/startups. But, not frowned upon or anything, just shoot for relevant experience.