Perrin Giving · Portfolio company

VenturEd GlobalExpanding opportunity, and understanding what helps young people thrive

VenturEd connects early work experience with sustained mentorship and youth-led research, then follows the young people it serves to learn how early support shapes their education and careers.

I.

The underestimated are also underresearched.

Young people whose potential is overlooked deserve meaningful opportunities, and a place in the evidence that shapes their futures. VenturEd pairs early work experience with sustained mentorship and youth-led research: it helps young people build relationships, contribute to real projects and explore their interests, then follows their paths to learn how early support relates to later education, employment and professional development.

Research is central to the work. What VenturEd learns is meant to improve the opportunities open to the next generation.

II.

The fellowship, and the study around it

The VenturEd Fellowship places young people in remote startup internships of six to eight weeks, in research, engineering, design, marketing and operations. It forms part of a two-year study across four cohorts and hundreds of participants aged 14 to 20, with follow-up that continues after the internship ends, as participants move between education, further work and the start of their careers.

The study looks at household income, school type and access to professional networks alongside different forms of mentorship: from larger groups sharing a role or project to small internships where each participant has several points of contact. It asks how group size, mentor availability, continuity of support and real responsibility relate to where young people go next.

Its questions concern career direction, further employment and education, confidence at work, and access to advice and introductions. Comparing experiences across backgrounds shows whom each approach serves, and how support might reach the people most often overlooked.

III.

The Opportunities Project

The Opportunities Project carries the same aim into community career support. VenturEd reports more than 9,000 connections to first-job opportunities, with partner job listings as the starting point for personal guidance.

Most of that guidance happens in person: talking through a role, preparing an enquiry, finding a next step. VenturEd's model for community career centres would bring it to Baltimore, Philadelphia and Washington, DC, with libraries, community centres and public universities at the heart of local access.

IV.

Youth-led research

A youth-led research team brings participants' own experiences into the questions VenturEd asks. By keeping relationships going beyond a single internship, it aims to build a substantial evidence base on early-career development that mentors, employers, schools and community organisations can use to widen opportunity.

As VenturEd describes its work. Source: venturedglobal.org

The problem, and what VenturEd does

Talent is everywhere. First jobs, mentors and introductions are not.

01

Teenagers are out of work at around three times the national rate, and the gap has widened since 2023.

The problemUnemployment by age% of the labour force, annual average
  • Ages 16-19
  • Ages 20-24
  • All ages 16+
Unemployment by age (% of the labour force, annual average). Source: U.S. Bureau of Labor Statistics.05101520201620182020202220242025148.34.3

Source: U.S. Bureau of Labor Statistics, Current Population Survey, Retrieved 2026-09-24. Public domain. 2025 average omits October, when the survey was suspended.

View the data
Ages 16-19Ages 20-24All ages 16+
201615.78.44.9
2017147.44.4
201812.96.93.9
201912.76.73.7
202017.913.78.1
202111.78.95.3
202210.873.6
202311.26.63.6
202412.77.34
2025148.34.3

What VenturEd does

The Opportunities Project

VenturEd reports more than 9,000 connections to first-job opportunities, with personal guidance on each role: talking it through, preparing an enquiry, finding the next step.

02

Networks are split by income: people in the bottom tenth have almost no friends in the top tenth, the circle that hands out first jobs.

The problemFriends in the top 10% of income% of a person's friends
Bottom 10% by incomeBottom 10% by income, Friends in the top 10%: 22Top 10% by incomeTop 10% by income, Friends in the top 10%: 3434

Source: Opportunity Insights (Chetty et al., Nature, 2022), Social Capital and Economic Mobility, 2022-08. The study reports fewer than 2% for the bottom 10%; shown as 2.

View the data
% of a person's friends
Bottom 10% by income2
Top 10% by income34

What VenturEd does

Mentorship that lasts

Each fellow works inside a startup with several points of contact, and VenturEd keeps the relationships going after the internship ends.

03

Most jobs still move through people: friends, family and professional contacts, which not every young person has.

The problemHow recent job seekers searched% who used each resource
Online resources and informationOnline resources and information, Used this resource: 7979Close friends or familyClose friends or family, Used this resource: 6666Professional or work connectionsProfessional or work connections, Used this resource: 6363Acquaintances or friends-of-friendsAcquaintances or friends-of-friends, Used this resource: 5555Employment agenciesEmployment agencies, Used this resource: 3232

Source: Pew Research Center, Searching for Work in the Digital Era (2015), 2015-11-19. 2015 survey; a long-standing pattern rather than a current measure.

View the data
% who used each resource
Online resources and information79
Close friends or family66
Professional or work connections63
Acquaintances or friends-of-friends55
Employment agencies32

What VenturEd does

Introductions, not listings

Partner job offerings are the starting point; the connection is made in person, through someone who can vouch for the young person.

04

Students with less money and fewer connections are less likely to be paid when they do get an internship.

The problemInterns who were paid, Class of 2023% of graduating seniors who interned
Pell Grant recipientPell Grant recipient, Paid: 53.553.5Not a Pell Grant recipientNot a Pell Grant recipient, Paid: 6161First generationFirst generation, Paid: 53.853.8Not first generationNot first generation, Paid: 59.959.9BlackBlack, Paid: 50.650.6HispanicHispanic, Paid: 54.954.9WhiteWhite, Paid: 58.158.1

Source: National Association of Colleges and Employers, The Class of 2023 student survey, 2023-08-08. Paid interns averaged 1.4 job offers against 0.9 for unpaid interns.

View the data
% of graduating seniors who interned
Pell Grant recipient53.5
Not a Pell Grant recipient61
First generation53.8
Not first generation59.9
Black50.6
Hispanic54.9
White58.1

What VenturEd does

Paid where possible

Many VenturEd partner startups pay fellows a stipend, so the first job does not depend on being able to work for free.

05

Graduates who never interned are far more likely to end up in jobs that do not need their degree.

The problemUnderemployed five years after graduating% of bachelor's graduates, by whether they interned
  • No internship
  • At least one internship
All graduatesAll graduates, No internship: 5454All graduates, At least one internship: 4141Computer scienceComputer science, No internship: 3838Computer science, At least one internship: 2020Math-intensive businessMath-intensive business, No internship: 3131Math-intensive business, At least one internship: 1616EngineeringEngineering, No internship: 2929Engineering, At least one internship: 1616

Source: Burning Glass Institute and Strada, Talent Disrupted (2024), 2024-02. An association, not proof that internships cause the difference.

View the data
No internshipAt least one internship
All graduates5441
Computer science3820
Math-intensive business3116
Engineering2916

What VenturEd does

A first internship, earlier

The VenturEd Fellowship places young people aged 14 to 20 in startup roles across research, engineering, design, marketing and operations.

06

Mentors matter most to those least likely to have one: 43% of young people facing two or more risk factors wanted a mentor and went without.

The problemAt-risk young adults with and without a mentor% of at-risk 18 to 21 year olds
  • Had a mentor
  • No mentor
Aspire to finish collegeAspire to finish college, Had a mentor: 7676Aspire to finish college, No mentor: 5656Enrolled after schoolEnrolled after school, Had a mentor: 4545Enrolled after school, No mentor: 2929Regular extracurricularsRegular extracurriculars, Had a mentor: 6767Regular extracurriculars, No mentor: 3737Leadership roleLeadership role, Had a mentor: 5151Leadership role, No mentor: 2222Volunteer regularlyVolunteer regularly, Had a mentor: 4848Volunteer regularly, No mentor: 2727

Source: MENTOR, The Mentoring Effect (2014), 2014-01. Survey of young adults; an association, not proof of cause.

View the data
Had a mentorNo mentor
Aspire to finish college7656
Enrolled after school4529
Regular extracurriculars6737
Leadership role5122
Volunteer regularly4827

What VenturEd does

Measuring what works

VenturEd's two-year, four-cohort study compares group size, mentor availability and continuity of support, to learn which forms of mentoring reach the people most often overlooked.

Milestones

  1. Nov 2023

    Kofi Hair-Ralston starts VenturEd, placing a few students he had met into startup internships.

    LinkedIn, Kofi Hair-Ralston
  2. Dec 2024

    VenturEd announces its Winter 2025 Fellowship: more than 40 fellows across four continents in six-to-eight-week virtual startup internships.

    PRLog, 4 Dec 2024
  3. Apr 2025

    Kofi Hair-Ralston is named a Baltimore Business Journal Diverse Business Leader for VenturEd.

    Baltimore Business Journal
  4. Jun 2025

    VoyageBaltimore profiles Kofi Hair-Ralston and VenturEd.

    VoyageBaltimore
  5. Sep 2025

    VenturEd presents "Beyond Meritocracy", a paper on the informal networks that govern access to opportunity, as research made with Perrin.

    SSRN
  6. 2026

    Perrin Institution, Inc. acquires VenturEd Global for an undisclosed sum. It joins Perrin Giving as a portfolio company.

Coverage

The founder

Kofi Hair-Ralston

Founder and President of VenturEd. venturedglobal.org

A 2025 Baltimore Business Journal Diverse Business Leader, recognised for VenturEd. Baltimore Business Journal

Former President of Perrin. Perrin Research

The team as last published: Kofi Hair-Ralston (Founder and President), Smyan Shanbhag (Chief Operating Officer), Rashi Mhapsekar (Chief Marketing Officer), Iris Tang (Chief Financial Officer).