When a startup manages interns effectively, the experience is valuable for both sides, with startups gaining team members with a youth perspective and interns gaining valuable work experience. To create an incredible experience, startups can focus on setting actionable goals, providing challenges, giving feedback points, and building in fun activities. Effective management of interns is crucial, as it impacts the impact and long-term success of the internship program. By implementing these strategies, startups can differentiate themselves from larger companies with more resources and provide a memorable experience for their interns.