Welcome
Carolina Entrepreneurial Fellows (CEF)
&
Young Entrepreneur in Residence (YEiR)
Information Session &
Panel Discussion
September 14, 2009
Today’s Agenda



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
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Carolina Entrepreneurial Fellows (CEF) Overview
Young Entrepreneur in Residence (YEiR) Overview
CEF vs. YEiR
Panel Discussion & Your Questions
Application Process & Upcoming Deadlines
Other Related Internship Opportunities
Carolina Entrepreneurial Fellows (CEF)

The CEF program provides 5-8 UNC MBA students with the opportunity to
intern with local, small and growing entrepreneurial firms.
What type of MBA
is it best suited for?
• Focused, self-driven, multi-disciplinary
• Wants to work in start-up/VC post-grad
• Likes independence to design internship
How does it work?
• 2-2-1 structure over 10 weeks
• Two rounds of applications due in spring
How much is the
pay?
• Anticipated total compensation is $10k
• 50/50: Varies if non-paying or own
What are the next
steps?
• Begin thinking clients (i.e., Internet
Summit and other local E-ship events)
• Get involved with course pack sales
Young Entrepreneur in Residence (YEiR)

The YEiR program provides one UNC MBA student with a one-year internship
with NC IDEA, splitting time between venture capital and start-up projects.
What type of MBA
is it best suited for?
• Interested in a full-year engagement
• Wants hands-on experience with both VC
and local start-up companies
How does it work?
• Spring: VC (evaluation, due diligence,
selection of NC IDEA grant recipients)
• Summer: Consult two local start-ups
How much is the
pay?
• Spring: 1.5 credits (independent study)
• Summer: 10 weeks, $10k
What are the next
steps?
• Participate in Planapalooza, VCIC
CEF vs. YEiR
CEF
YEiR
Entrepreneurship
VC + Entrepreneurship
5-8
1
Length
Summer: 10 weeks (2-2-1)
Jan. – May: Part-time (VC)
Summer: 10 weeks (E-ship)
Pay
$10k (50/50; client/E-ship)
1.5 credits + $10k (100%
paid from NC IDEA)
Jan. 19, 2010 – R1
March 15, 2010 – R2
(if needed)
December 2009
Focus
Number of MBA students
Application deadline
Getting a leg up
Course pack sales, VCIC, E- Planapalooza, VCIC, E-Ship
ship Club, Planapalooza, E- Concentration, Background
Ship Concentration
working with start-ups or in
venture capital
CEF Clients (2008, 2009)
NextRay
Today’s Panelists
Sumit Vohra ’07
Ron Clabo ’07
Tom Birchard ’09
Eric Boggs ’09
•CEO, Lonerider Breweing
•CEF Client, 2009
•CEO, GiftOasis.com
•CEF Client, 2008-2009
•Product Manager, Elmarco
•CEF Alumnus, 2008
•Founder, The Argyle Company
•CEF Alumnus, 2008
Khalif Oliver ’10
Jen Coughlan ’10
Josh Johnson ’10
Marc Zawel ’10
•CEF, 2009
•Lonerider Brewing; AP Solutions
•CEF, 2009
•NextRay; Magnus Health Tech
•CEF, 2009
•Bentley’s Popcorn
•YEiR, 2009-2010
•StatSheet, Green Cooling
CEF & YEiR Application Process
CEF Round 1
CEF Round 2
YEiR
Résumé & Statement
Jan. 19, 2010
March 15, 2010
December 2009
Interviews Completed
Jan. 29, 2010
March 25, 2010
January 2010
Offers sent out
Feb. 5, 2010
April 5, 2010
January 2010
Meet & greet event
Feb. 11, 2010
TBD
N/A
Offer acceptance
Feb. 24, 2010
April 12, 2010
January 2010
International Students: Can only apply for YEiR if already able to legally work in the
States. No restrictions on CEF.
Opportunity Acronym Mega Matrix
Focus
Number of
MBAs
Length
Pay
Application
deadline
CEF
YEiR
CVF
PE Fund
PE
Fellowship
Entrepreneurship
VC +
Entrepreneurship
VC or PE
PE
PE
5-8
1
Not set
4-5
TBD
Summer Internship:
10 weeks (2-2-1)
Jan. – May:
Part-time (VC)
Summer: 10
weeks (E-ship)
• Full year,
10-12 hours
• Full-time
summer
•Jan. Dec.
2010
• Not an
internship
Summer
internship:
10 weeks
$10k (50/50;
client/E-ship)
1.5 credits +
$10k (100%
paid from NC
IDEA)
• 3 credits
• ~$11-13K
•3
credits
Varies by
firm
Jan. 19, 2010 ‘
March 15, 2010
December 2009
October 23,
2009
TBD
Spring
2010
Learn More

CEF, YEiR Contacts:
 Marc
Zawel, VP of CEF
 Patrick Vernon
 Last year’s CEFs

CVF, PE Fund, PE Fellowship Contact:
 Aaron
Hurst, VP of CVF
 Ben Davis, President, PE-VC Club