application process now open
Kicking off in June 2020, Future VC is a 2-month paid internship and development programme, which enables talented people from underrepresented backgrounds into the UK VC landscape. Partner funds host our interns over their placement, whilst we deliver training and development to help each person move forward on their career path.
All participants take part in weekly masterclasses from some of the most respected investors in Europe and undertake a live project working in groups to present start-ups to an investment panel. The skills and knowledge transfer is not limited to a career in VC, and we understand this industry is not for everyone. If you see yourself as a future entrepreneur, want to work with start-ups, or in adjoining and complementary industries this internship is also for you.
You’ll get a chance to develop your own industry network, starting with your fellow interns with whom you’ll attend weekly workshops and other social events.
In 2019 Future VC welcomed 30 talented individuals to join its first cohort who were selected from 850 applicants. During their five weeks they surpassed expectations, learned about the industry and created a supportive group that continues work together, read more here.
Funds that were involved last year
Industry talks and training
Two-month paid internship
Be part of supportive peer group
Coaching for recruitment processes
Present to an investment panel
Visit start-up hubs across the UK
Personal development opportunities and support
Build your network within VC and the start-up ecosystem
Impact in 2019
To measure our impact in year one we surveyed our participants skills and knowledge at the start and end of the 5 weeks and ask them to rate their current understanding and skill level out of 10. Scores improved accross 24 areas of development but highlights include:
Confidence to work in VC
Understanding VC as a career
Masterclasses from 2019
As well as paid internships and our investment panel project Future VC delivered learning and development opportunities through our masterclasses:
- History of VC – Michael Tefula @michaeltefula
- Assessing Founders – Harry Briggs @H4ryB
- Fund Mechanics – Suranga Chandratillake @surangac
- Transaction Economics – Itxaso Del Palacio @ItxasoLondon
- Financial Modelling – Tara Reeves @tarareeves
- Due Diligence – Lillian Li @lillianmli
- Deep Dives Into New Sectors – Zoe Chambers @ZoeACastro
- My Journey Into Vc – Andy Ayim @AndysHVC & Leila Zegna @lrastegar
- How We Pick Teams – Akriti Dokania @akritidokania
- What’s Next – Aaron Archer @aaron_f_archer
- Building A Great Board – Fred Destin @fdestin
What attracted you to Future VC?
“Before I joined Seraphim Capital, I was told that “it is impossible to break into VC, especially for someone with your background”. This is a common misconception that hundreds of ambitious young professionals hold, especially if they come from diverse and underrepresented backgrounds. For this reason, Diversity VC was launched. The interns take part in a side project where they work with an early stage company to mirror the reality of the investor-founder relationships. Furthermore, the interns get to participate in 8 masterclasses offered by partners at London’s leading venture capital firms. As you can imagine, I was ecstatic to hear that I was selected to participate in the first cohort of the Future VC programme.”
– Hassan Sukkar, Seraphim Capital
What’s the most interesting thing you have learnt so far?
“I’ve found the financials interesting (fund mechanics, transaction economics, valuation, market sizing etc.), both from a purely intellectual angle and also on a practical level. However, at the Seed and Series A stage, you’re making decisions based on limited information, and I’ve enjoyed observing how my team members navigate that and find a balance between objective and subjective evaluation.”
– Rumbi Makanga, Episode 1
What advice would you give to anyone looking to participate in the program next year?
The program is competitive, and I imagine it will be even more competitive in the following years. Many people I’ve spoken to can’t believe they got on. My advice would be: apply so you can be one of those people too. And once you’re on the programme make the most of it – it’s a brilliant opportunity.
– Rumbi Makanga, Episode 1
“For aspiring VCs or anyone curious about the industry, Future VC is a truly unique opportunity that enriches you more in 5 weeks than any other internship would. The biggest value is the lasting relationships you build and the network you develop, as VC is a relationship business. The programme itself equips you with deep technical knowledge, hands-on experience as an associate, and skills that maximise your chances of a career in the industry. I couldn’t recommend it any more highly.”
– Akash Bajwa
“We had a brilliant experience working with Charlotte – her enthusiasm, engagement and attention to detail was brilliant. She developed a great relationship with the companies on our program, and is still connected to many of them. She also made some great connections to strong entrepreneurs that weren’t on my radar – which shows the power of the Future VC program.”
Eamonn Carey, TechStars
“We really enjoyed having Rumbi working with us over the summer. She was a keen very capable and enthusiastic member of the team who got stuck in with all the projects we gave her. She was really useful to have with us and we would certainly take another intern
– Leah Martin, Episode 1
“A well-structured internship programme that provided a great deal of education and training about VCs to the interns beyond the day-to-day of working with our small VC team.“
– Megumi Ikeda, Connect Ventures
“We are committed to building the best team that we can and diversity is a key part of that as we believe it has a proven impact on creating better outcomes. Our [Future VC] intern provided real value for the duration of the programme; we’re delighted that we could support Diversity VC who work relentlessly to help the industry broaden its reach.”
– Rebecca Nordstrom-Manna, Highland Europe
“We are pleased to have been a participant of the Future VC programme and provide insight into the media industry as well as the world of investments. Our intern quickly become a member of the Sky Startup Investments & Partnerships team and his contribution was very valuable to us.”
– Eva Rez, Sky Startup Investments & Partnerships