Amazing Opportunity for VC Internship

[Philip Johnson <johnson@hawaii.edu>]

[It doesn't get much better than this, folks, if you want to learn the ins and 
outs of the VC industry. I believe it's not too late to get involved if you 
contact Shirley Daniel immediately.]

      WBI-UH Student Partnership Project in Venture Capital
         Wayne Brown Institute and University of Hawaii
               Access to Venture Capital Program
                for High Tech Companies in Hawaii

Wayne Brown Institute
Established in 1983 as a non-profit educational organization, the Wayne Brown 
Institute (WBI) focuses on helping emerging high technology businesses find the 
resources they need to raise capital.  WBI sponsors venture forums across the 
nation which bring together emerging technology companies and potential 
investors.  The Institute has developed a proprietary selection process in 
which almost 60% of participating companies have raised capital totaling almost 
$450 million. This exclusive selection process guarantees that selected 
companies have been prescreened, evaluated and trained by investors and 
seasoned professionals to standards endorsed, reviewed and continually updated 
by the Venture Capital Community and the Wayne Brown Institute.

Investors Choice International
On June 22, 2000, WBI will hold the Investors Choice International Equity 
Capital Conference in Maui.  In order to be considered for participation in 
this conference, companies must submit an Expanded Executive Summary 
highlighting the important points of their business by April 15.  The 
submissions are reviewed by a panel of investors, and the top choices are 
selected to participate in the conference.  After being selected, the companies 
undergo training to develop oral presentations that are rehearsed and critiqued 
by experts.  This training is designed to assure that participating companies 
have sharp, professional presentations at the conference, where investors will 
be looking for genuinely viable venture opportunities.  All companies, whether 
or not they are selected for participation in the conference, are invited to 
attend an Investor Feedback Session in early June.  At this workshop, WBI 
officials explain why certain companies were selected, and why others were not.

WBI-UH Partnership Project
The purpose of this project is to integrate students into the capital raising 
activities of emerging technology companies.  Through participation in this 
unique project, students can add value to themselves and to the Hawaii 
technology community by becoming an integral part of entrepreneurial capital 
raising activities.   Interns will have the opportunity to 1) learn a proven 
methodology for raising capital for emerging technology businesses, 2) work 
with emerging companies, investors, and seasoned entrepreneurs, and 3) gain 
real world experience in raising equity capital.

Student participants in this program will facilitate local companies' access to 
capital networks (specifically the Investors Choice International Equity 
Capital Conference in Maui in June 2000) by participating in the following four 
phases:

1) Attendance at a workshop to understand how they fit into Wayne Brown 
Institute's program.  Interns will learn how to complete an Expanded Executive 
Summary, the instrument and submission criteria used by the Institute to 
evaluate technology businesses' qualification for the Equity Capital 
Conference.

March 1, 2000
Workshop of approximately 2 hours at the College of Business Administration

2) Preparation of Expanded Executive Summaries (in teams or individually) for 
emerging technology companies for evaluation by WBI.  Deadline for submission 
is April 15.

March - April  2000
Approximately 5 hours per week depending on company needs

3) Attendance at a feedback workshop explaining the rationale of why certain 
companies were selected to participate in the Equity Capital Conference and 
work with a Deal Maker Team, and why others were not.

June 2000 Investor Feedback Session
Half-day workshop on Oahu

4) Participation in the management of, and membership in, a Deal Maker Team 
which will help selected companies develop a fundraising presentation for the 
International Equity Capital Conference.  Interns will work one-on-one with the 
companies and the business leaders that will help the companies with their 
presentations.

May-June 2000
Approximately 5 hours per week depending on company needs

5) Optional.  Investors Choice International Equity Capital Conference

June 22, 2000
One Day conference in Maui

6) Optional.  After the company has successfully delivered its fundraising 
presentation, student participants can help the company follow up on 
fundraising leads.   With guidance and training from the Institute, students 
can learn the basics of following up on capital leads and finding and pursuing 
new ones.
	
July (?) 2000
2-hour workshop by WBI venture capital professionals


Interested students will be required to submit a brief application form and 
current resume.  Successful candidates will interview with the internship 
committee for appropriate matching with companies.  For more information and an 
application form, contact Dr. Shirley Daniel at 956-3249 or 
daniel@cba.hawaii.edu

For more information on the Wayne Brown Institute and the Investors Choice 
International Equity Capital Conference, please go to www.venturecapital.org