Amid the intense war for tech talent in Silicon Valley, student entrepreneurs at Stanford University and the University of California-Berkeley are finding they have some incredibly chummy "friends"-namely startups and venture capital firms looking to either hire them or back them as entrepreneurs.
Sponsors of Stanford's student-entrepreneur association, dubbed Bases, have nearly doubled their backing to around $300,000 this year.
The Wall Street Journal says co-president Yin Yin Wu says she gets two emails a day from startups wanting to hire students. The 22-year-old plans to work on her own video-advertising startup after she graduates. It quotes her saying:
2011 Salary Negotiation Tactics
Experts offer key pointers on approaching the subject of salary as the economy evolves in 2011.
We've definitely noticed this year that there's been an incredible outreach from startups and venture firms. Generally, the valley is really wanting to get access to Stanford students.
Interested backers have also boosted the budget for the the Haas Entrepeneurs Association at Berkeley. Co-president Brandon Yahn, in the first year of a master's of business administration program is quoted, saying:
Even without us reaching out to people, venture capitalists have reached out to us.
That group plans eight or nine events this year, rather than its usual five. The story says a mixer for students at the two schools sponsored by Morgenthaler Ventures last month grew from the expected 40 people to about 85, including folks from startups looking to hire.
And, according to this siliconvalley.com piece, venture capitalists are spreading the wealth for worthy startups.
Meanwhile, Michigan students are being wooed just as energetically as tech hiring heats up among automakers and other tech firms. Bloomberg quotes Garth Motschenbacher, who helps place computer-science graduates at Michigan State University, saying:
If we filled every opening that's been posted or recruited just in the Lansing area, we'd be able to hire out all of our graduates three times over.
But the school has just 54 computer science students scheduled to graduate in May, the story says.