Venture capital is the engine room of the innovation economy.
VC-backed companies account for 41% of US market cap and 62% of public R&D. Europe's tech sector at a record $4 trillion valuation
Apply to impact the venture ecosystem: https://t.co/0vA7XlsuGW
Careers Month returns this September π₯³
Four Thursdays, four conversations on building a career in venture: breaking in, next moves, progression and the long game.
Full details on Disco and in your inbox.
Growth starts with a pause. π±
For this Newton Fellow, the program created space to reflect, reassess, and move on to the next step with conviction.
Application link below π
https://t.co/mmsHLDS1eg
"Marvellous. Challenging. Intense"
The Newton Fellowship, straight from the Fellows who've experienced it. π₯
We're training the next generation of VC global leaders.
Cohort 7 (NVPxLBS07) closes Monday 7 September. ~30 spots.
Apply π https://t.co/0vA7XlsuGW
Priced Round π·οΈ
A funding round with a fixed valuation and a set price per share. No deferrals, or conversions pending. It's also the moment SAFEs and notes finally convert into equity.
It's where a startup's value stops being a conversation and becomes a number on paper. β
Myth: founder friendly means staying out of the way.
Founders don't need friendly, they need useful.
Knowing when to lean in is a skill. One of the least taught in venture.
Join the Newton Fellowship, link in the bioπ
Discount Rate π·οΈ
The percentage off the next round's share price when a SAFE or note converts.
20% discount, round priced at Β£1 per share? Early investors convert at 80p.
The reward for backing a company when the risk was highest. β
Some outcomes don't fit on a certificate.
For this Newton Fellow, the program changed the size of the questions they ask about venture and their place in it.
Application link π https://t.co/OEb7XxzNgK
Myth: great VCs are great at picking winners.
Picking winners is the story, but portfolio construction is the job.
Sourcing, sizing, follow-on discipline. The real work behind every headline return.
Join the Newton Fellowship. π in bio
Round 1 closes tonight.
Apply early to secure 1 of ~30 spots on Cohort 7 of the Newton Fellowship. World-class academics, top-decile investors, a global cohort.
β³ Midnight tonight, Monday 10 August, UK time.
Application link below π
https://t.co/OEb7Xxzfrc
Valuation Cap π§’
The ceiling at which a SAFE or convertible note converts into equity.
Β£100k in at a Β£5m cap, next round at Β£10m? You convert at Β£5m and get double the equity per pound.
Know your cap. It decides how much of the company you're really giving away. β
Round 1 applications for the Newton Fellowship (NVPxLBS07) close Monday.
~30 spots. Round 1 applicants have the strongest chance.
Started? Finish this weekend. Haven't? Start now.
Application link below π
https://t.co/OEb7Xxzfrc
Venture is full of people who might one day back themselves. The Fellowship is where that becomes a decision rather than a maybe.
9 months, part time. @LBS and ecosystem partner locations. Around 30 global peers.
π€ Q&A tomorrow
https://t.co/arBS0cnpCN
Still deciding on the Newton Fellowship? Put your questions to people who already made the call.
Live Q&A, Fri 7 Aug, 12pm UK.
Newton Fellows Kevwe and Thomas, with Kelechi Achinonu from the Newton team.
Round 1 closes Mon 10 Aug.
π https://t.co/arBS0cnXsl?
Be a student of the industry, not just your corner of it.
Newton Fellow, Oliver on why full-cycle fluency separates good investors from great ones. π₯
Newton Fellowship applications are open. Round 1 closes Mon 10 Aug β³
Apply: https://t.co/OEb7Xxzfrc
Convertible Note π§Ύ
A loan that converts into shares rather than being repaid in cash. Nobody has to agree a valuation on day one.
But a note is debt. It accrues interest, and it has a maturity date. Unlike a SAFE, which carries neither.β
Five leaders on what actually gets a company funded.
Almost none of them mention the idea.
Story, timing, odds, execution.
And Saul Klein flips it: the best founders are not waiting to be chosen. They are choosing.
The Newton Fellowship, in the words of a Newton Fellow. π₯
Lucretia, impact investor on our 6th cohort, on the trusted global peer network she's built through the Fellowship.
Cohort 7 applications are open. Round 1 closes Mon 10 Aug. β³
https://t.co/mmsHLDRtoI
Venture capital is one of the most varied industries out there. Very few careers let you move between #sectors, immerse yourself in emerging #Tech and #trends, and meet exceptional people as a routine part of the job. πΈ π
In this article, @AnuAdebajo, CEO of @NewtonProgramVC, reflects on fourteen years in venture capital and shares fourteen lessons from her career.
Read the full article here: https://t.co/ho6ou6wMvL