Newton Fellow Laurie Lancee went from corporate finance to founder to angel, and now she’s opening venture up for others.
Her TEDx Coolhaven women talk:
📹 https://t.co/S2d1lYO4z0
Cheering you on, Laurie 👏
Management Fee 🧾
The annual fee VCs charge LPs to run the fund. Usually 2% of committed capital.
It pays for salaries, diligence and operations.
Fees keep the lights on. ✅
Carried Interest 🎯
“Carry” is the share of a fund’s profits paid to its managers, usually 20%.
LPs get their money back first. If there’s no profit, there’s no carry.
The managers only do well when the fund does. ✅
NVPxLBS06. That’s a wrap. 🎓
Nine months, three modules, one global cohort, now graduated and ready to continue to drive the innovation economy.
Thank you to @phxcrt , @LBS and @HSBCInnovation .
Congratulations, Fellows. Now go back what’s next. 🚀
📹 https://t.co/YTKklf9lvr
Day 2 of Module 3 at @Atomico: follow the money.
Fundraising, fund due diligence and an LP views.
VC is a fundamentals business, but driven by relationships.
Day 3 next 👀
Register interest → https://t.co/Q1XEhl5WqK
Day 1 of Module 3 of the Newton Fellowship ✅ Exits, boards, governance & IR, then Fellows built and pitched their own funds. Day 2 next 👀
Register interest → https://t.co/Q1XEhl6ugi
CVC 🏢
Corporate Venture Capital: a large company investing in startups from its own balance sheet, for returns and strategic value.
Corporate money can open big doors. Make sure it doesn't close any others. ✅
Nine months ago, they arrived as strangers. Next week, they return to London as a cohort. 🌍
Module 3: three days across our ecosystem partner locations, as our Fellows get ready to drive the innovation economy forward.
Welcoming you back already ⏳
Stealth Mode 🥷
When a startup builds quietly, without revealing its product, customers or even its name. The reveal usually lands with a funding announcement.
Going quiet buys you time, but what you build with it decides whether anyone cares when you step out. ✅
That's Careers Month 2026, done. Four Thursdays, eleven seasoned voices, one message: many tasks are being automated, but judgement, relationships and staying power can't.
Thank you to everyone who shared so generously. The next edition is already calling.
We've covered breaking in, moving roles and moving up. The finale covers staying.
"Playing the Long Game: Building a sustainable career in venture", Thursday 1pm UK. Don't leave it late.
Alumni and learners: details in your inbox and on the learning platform.
Up Round 📈
A funding round priced at a higher valuation than the last one. New investors pay more per share, and existing stakes get marked up. The opposite of a down round.
An up round prices in momentum, but the company still has to deliver it. ✅
Session three of Careers Month 2026 is a wrap.
Pam Burton and Tom Haywood on career progression: what got you here won't get you there, and the real promotion test is a messy problem.
Finale next Thursday. Alumni: details in your inbox.
Myth: you need a finance background to work in VC.
Reality: venture rewards judgement, and some of the top investors started in journalism, medicine, ops, teaching.
The industry's blind spots exist because too many people share the same CV.
Something we didn't predict, but probably should have.
Learners are negotiating Newton seats into their job offers before they sign.
Weighing up a new role? Worth asking.
Building a team? Worth offering.
Explore Newton programs: https://t.co/WV1ws9SWSq
Venture Debt 🏦
A loan for startups that sits alongside equity, not instead of it. Borrow, pay interest, repay. No ownership given up.
Raise a £10m Series A, add £3m of debt on top. Longer runway, less dilution.
Borrowed money is cheapest when you least need it. ✅
Careers Month continues tomorrow 👇
Session 2: navigating career transitions in venture. Moving between funds, stages, and functions. Switching between operating and investing. Making the leap during uncertain times.
📅 Thu 10 Sep, 1:00 pm UK
🔒 For Newton alums
Check your 📩
⏳ Final hours. Newton Fellowship applications close at midnight tonight, 7 September.
9 months, part-time, at @LBS and ecosystem partner venues, alongside global peers driving the innovation economy.
Claim your spot: https://t.co/60panqYFyg
Session one of Careers Month 2026 is done.
Anna Ott,Sam Warren, moderated by Anika H gave us the no-gloss version of building a VC career in the age of AI. Some of their takes:
5 days. That's all that stands between you and the 7th cohort of the Newton Fellowship.
9 months part-time. 3 in-person modules, and a global cohort.
Applications close Monday 7 September. What are you waiting for?
Apply: https://t.co/0vA7XlsuGW