Hopping says that Wharton created the internship auction program in response to student demand. Every year, startups with VC backing submit requests for interns to Wharton's career services office. Students then bid on positions in an auction, which reduces the number of people competing for any given internship and ensures that the companies see resumes from the most interested candidates.
The Wharton School of the University of Pennsylvania has created partnerships with several venture capital firms to create an easier way for MBA students and companies to pair up.
My thoughts: It’s another option for Start-ups and Interns. And start-ups only have to deal with the ones interested and passionate about the Start-up. Please let me know what you think.
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