2018 Spring Internships - APPLY NOW

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2018 Spring Internships - APPLY NOW

2018 Spring Internships

Duration: January 2018 – April 2017
Hours per week: Minimum 10 hours per week.

Organization overview:

The Food Loft is a first-of-its-kind collaborative workspace that brings together food, foodtech and food media companies, giving them access to resources, events and networking opportunities to build their businesses. We’re located in Boston’s vibrant South End, on the top floor of a beautiful, light-filled loft space. The marketing intern will work with our Manager of Community Development to design creative campaigns to help expand the Food Loft brand and engage food startups in the Boston area.

The Food Loft is looking for TWO spring interns to help create meaningful content and shape the conversation about food innovation in Boston, specifically with a programming and marketing background.

Candidate Criteria:

  • You enjoy and have experience with content creation, social media marketing, blog writing, or program execution

  • You follow trends in food and foodtech innovation and want to learn more about where the food movement is headed

  • You’re adept at testing strategies for online marketing and community building and evaluating which are most effective

  • You like engaging on social media and have experience building brands online

  • You want to interact with food and foodtech startups and create a strong Boston network

  • You enjoy researching all aspects of creative ideas for community building and possess the tools for execution.

  • You’re a good collaborator, flexible, and excited to learn through hands on experiences.  

Requirements:

  • Minimum availability of 10-20 hours per week

  • Experience with content creation and social media marketing in at least one other professional role (can be an internship or side project)

  • Currently pursuing  an undergraduate degree in the Boston area

  • Interests or background in marketing, content creation, programming, management, or event planning.

Qualified candidates should send a resume and thoughtfully written cover letter to Hannah Martin at hannah@thefoodloft.com. Please any links to social media accounts that you’ve managed, as well as 2-3 writing samples. No phone calls please!

 

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The Ins and Outs of Joining Your First Startup Team

The Ins and Outs of Joining Your First Startup Team

By Adam Salomone

I talk with many aspiring entrepreneurs about joining early-stage startups, whether in the food space or in the larger innovation arena. Oftentimes, these job-seekers approach the hiring opportunity in the same way they might a more traditional role with a larger company. Given the risk inherent in joining a startup, where the future is far from certain, it's perilous to forgo a more in-depth examination of a startup's prospects before jumping on-board. Whether because a job seeker is enamored with the mission or vision for a particular startup, or because an in-depth analysis can seem too direct or prying, it can be common to ignore these common indicators of startup health. But, if you find yourself in this position, you owe it to yourself and the company you are considering joining to tackle these thorny issues upfront.

Below is an inexhaustive list of questions and issues to explore with the team. Individual situations may require different kinds of questions, but these are meant to cover three main areas:

  • The current financial health of the company, as well as the forward-looking business plan.
  • The vision for the company and the 3-5 year plan to get there.
  • The overall culture at the company, and the founder(s)' expectation for how team members work together.

While it may feel uncomfortable to be so upfront in delving into the below, beware joining a team where the founder either cannot or will not articulate answers to these questions. 

  • How much money have you raised to date? What's the current runway for the company and when will you have to raise your next round of funding? If you've raised money already, who are your investors?
  • Is there a board of advisors or a formal board that oversees our operations?
  • What are the plans for the next round of funding? What is the anticipated timing and size? Are you in conversations with any investors about the next round of funding?
  • What is the status of the company's product? Has it launched yet? If so, how many customers do you have? If not, when will it launch? Can you walk through a demo of the product (even if it's in beta)?
  • What is the business model? Can you share detailed financial projections for the business?
  • What companies are your primary competition? How are they different? How are you better? 
  • Where will the company be in 3 years? 5 years? In terms of size, funding, revenue and overall impact in the market.
  • How are you envisioning the responsibilities for this position? How does it relate to the rest of the team?
  • How many employees are on the team currently? How does everyone work together? What are your hiring plans for the next 12 months? How will you find those people?

You'll notice that many of these questions are similar to what a potential investor might ask. While it's a subtle distinction, there is an opportunity cost and an investment that you make in joining a startup where the future is uncertain. So, you have to think of yourself as an investor in the company and ask the appropriate questions to evaluate the opportunity. You should get a sense right off the bat of whether a founder has a good handle on his/her business. If you come away without a clear sense of the vision, don't be afraid to follow-up and ensure you have a strong level of understanding of where the business is headed. 

Setting the Terms with First Round Investors

Setting the Terms with First Round Investors

Participating in a panel discussion last week at Venture Cafe on investing in food startups, a first-time entrepreneur asked about "deal breakers" when raising your first round of capital. While there are a lot of decision points that go into negotiating a deal, in general there are a few foundational elements to pay attention to.

Anatomy of a Startup Pitch

Anatomy of a Startup Pitch

It should go without saying that as a founder, you can’t afford a bad pitch. But, even more than that, you cannot afford even a mediocre or “all right” pitch. Time is too tight, fundraising too difficult, and the competitive pool too large (and getting larger every day). That crucial first impression can either open doors to your next raise, or send you back to the drawing board.

We’ve seen a lot of pitches at The Food Loft. Here are the common issues we see.