Finance Major Jake Jagielski Interns for Ohio Innovation Fund
Jake Jagielski will graduate from Kent State University in December 2019 with a degree in finance. Jagielski is currently a Venture Associate intern for the Ohio Innovation Fund.
What does your role at the Ohio Innovation Fund entail?
I have a wide range of duties at the Ohio Innovation Fund, including observing pitch competitions between technology startups and competing thorough due diligence for possible investments in medical technology and technology-focused startup companies. Currently, I am researching a tech-based company that is focused on expediting the process of real estate transactions through blockchain-based technology. I research topics such as blockchain, medical technology advancements and web security for workplace communication systems.
What do you enjoy most about your internship?
I am grateful to be able to say that my workplace challenges me, teaches me and motivates me every day. I was very lucky to be able to work with Jill Raderstorf and Bill Baumel to learn about venture capital (VC). I really enjoy the feedback I receive on my work and the hands-on experience I have gained with technology-based startup companies. Every Friday, I have a group meeting with Jill and my fellow interns, then one-on-one meetings to ensure that my individual work is on track.
What kind of hands-on experience does your internship provide?
I was able to sit in on conference calls and audit meetings to see how everything works. I am very grateful for this experience, and I encourage anyone who is interested in VC to apply next summer or apply to shadow for a day!
Where do you see your career taking you in the next five years?
I see myself working within VC or having a business development role at a technology-based startup company. My father owned a small business and I loved watching it grow. I would like to see that at a VC or in business development.
How has Kent State prepared you for your career?
Kent State helped prepare me for this role in many ways, however, the most helpful was through Mr. Pelleg’s Advanced Derivative Securities class, where he spoke about private equity/VC-based deals. After class, I spoke with him about my opportunity with Ohio Innovation Fund and he was happy to tell me about his experience with VC. Mr. Pelleg went out of his way to give me tips on how to be the best intern I could be, and even gave me book recommendations on VC, which I read immediately. Kent State has allowed me to create critical relationships with students and faculty alike, aiding me in moving forward as a young professional.
What is your advice for Kent State students?
Kent State is an amazing university – appreciate it while you can. Do not be afraid to get involved. Joining clubs and organizations will help you make connections and friendships throughout life.