When Mike Ravenscroft assumed the role of managing director at the Maryland Momentum Fund (MMF), he quickly recognized a significant gap in the program: a lack of student programming. So he embarked on a mission of ”customer discovery.”
Ravenscroft took stock of the needs and opportunities within the University System of Maryland (USM) network and the broader region.
“Students expressed a strong desire for exposure to the VC industry, a thirst for knowledge and a keen interest in gaining practical experience with venture capital. Faculty members echoed these sentiments from their students,” he told Technical.ly. “Additionally, when I engaged with venture funds in the region, a consistent challenge they pointed to was the shortage of talent. However, I don’t view it as a lack of talent; in fact, I believe we have an abundance of talent. The challenge lies in the industry’s size and exclusivity, making it difficult for aspiring individuals to enter and gain valuable experience.”
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