101 Ventures, is offering a Paid CEO Internship Program this summer. If you think you have the ability to startup a company from scratch, their Internship might be the program for you.

This company is located in Bentonville, Arkansas and is operated by startup entrepreneurs and former upper level management of Wal-Mart Stores.

This group claims to have the ability to invest their time, money and talent to help high growth startup companies become thriving profitable entities. They are looking for “Quarterbacks” to setup up and take on challenges.

You’ve got until May 15th, 2011 to get your application in for their paid CEO Internship. If you’re chosen, you’ll start building a business plan then securing funding from their investors over the next three months.

Get the business funded, and you’ll move forward, running that business as CEO for the next 4 ½ months beginning August 15th.

Meet your performance objectives and you may be offered a permanent placement as CEO of that company.

For first time entrepreneurs, the offer is definitely worth looking into. You’ll be more creative than those that buy franchises, yet have the safety net from skilled business people surrounding you.

101 Venture Partners Jeff Clapper(President Zapiddy and partner at 8th & Walton), Matt Fifer (Formerly with Wal-Mart in leadership roles in Store & Club Operations, People Development, Marketing and International Mergers and Acquisitions) and Mike Cockrell (30 years with Wal-Mart in executive level positions including operations, merchandising and marketing. Former Chief Merchandising Officer for Wal-Mart India Team including Procurement, Private Label and Supplier Development) have the resources and connections to help you get your business launched.

The group currently works with Retail Partnership Group, High Impact Analytics, 8th & Walton, HyConn (Presenting on Shark Tank Friday Night), VenServe, Technology101, Gimme Golf and Zapiddy.

If you have a product you would like to create and get into Wal-Mart Stores, 101 Ventures probably is the place to go.

For more information, contact 101 Ventures in Bentonville, Arkansas at 479-715-6700 or email at contact@101-ventures.com.