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.
- Ages 16-19
- Ages 20-24
- All ages 16+
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 16-19 | Ages 20-24 | All ages 16+ | |
|---|---|---|---|
| 2016 | 15.7 | 8.4 | 4.9 |
| 2017 | 14 | 7.4 | 4.4 |
| 2018 | 12.9 | 6.9 | 3.9 |
| 2019 | 12.7 | 6.7 | 3.7 |
| 2020 | 17.9 | 13.7 | 8.1 |
| 2021 | 11.7 | 8.9 | 5.3 |
| 2022 | 10.8 | 7 | 3.6 |
| 2023 | 11.2 | 6.6 | 3.6 |
| 2024 | 12.7 | 7.3 | 4 |
| 2025 | 14 | 8.3 | 4.3 |
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.
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 income | 2 |
| Top 10% by income | 34 |
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.
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 information | 79 |
| Close friends or family | 66 |
| Professional or work connections | 63 |
| Acquaintances or friends-of-friends | 55 |
| Employment agencies | 32 |
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.
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 recipient | 53.5 |
| Not a Pell Grant recipient | 61 |
| First generation | 53.8 |
| Not first generation | 59.9 |
| Black | 50.6 |
| Hispanic | 54.9 |
| White | 58.1 |
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.
- No internship
- At least one internship
Source: Burning Glass Institute and Strada, Talent Disrupted (2024), 2024-02. An association, not proof that internships cause the difference.
View the data
| No internship | At least one internship | |
|---|---|---|
| All graduates | 54 | 41 |
| Computer science | 38 | 20 |
| Math-intensive business | 31 | 16 |
| Engineering | 29 | 16 |
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.
- Had a mentor
- No mentor
Source: MENTOR, The Mentoring Effect (2014), 2014-01. Survey of young adults; an association, not proof of cause.
View the data
| Had a mentor | No mentor | |
|---|---|---|
| Aspire to finish college | 76 | 56 |
| Enrolled after school | 45 | 29 |
| Regular extracurriculars | 67 | 37 |
| Leadership role | 51 | 22 |
| Volunteer regularly | 48 | 27 |
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
- Nov 2023
Kofi Hair-Ralston starts VenturEd, placing a few students he had met into startup internships.
LinkedIn, Kofi Hair-Ralston - 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 - Apr 2025
Kofi Hair-Ralston is named a Baltimore Business Journal Diverse Business Leader for VenturEd.
Baltimore Business Journal - Jun 2025
VoyageBaltimore profiles Kofi Hair-Ralston and VenturEd.
VoyageBaltimore - Sep 2025
VenturEd presents "Beyond Meritocracy", a paper on the informal networks that govern access to opportunity, as research made with Perrin.
SSRN - 2026
Perrin Institution, Inc. acquires VenturEd Global for an undisclosed sum. It joins Perrin Giving as a portfolio company.
Coverage
- Community Highlights: Meet Kofi Hair-Ralston of VenturEd
How a one-off effort to find a few students internships became a fellowship.
- BBJ unveils 2025 Diverse Business Leaders
Twenty honorees chosen from more than seventy nominations.
- VenturEd Fellowship Shatters Barriers: Underrepresented High School Students Lead Innovation in Tech
VenturEd's announcement of its Winter 2025 cohort.
- Beyond Meritocracy: Exposing the Invisible Sets that Govern Opportunity and Advancing Pathways for Equity
By A. Mukherjee, A. Arvind, S. Valvekar, A. Salem and R. Dutta; presented by VenturEd as research made with Perrin.
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).