Developing a New Generation of Fund Managers at the Newton Venture Program
The venture capital industry has been the backbone of today’s highly successful startups and scale-ups – and yet until now it does not have many formal training or entry routes.
Those looking to kickstart a career in VC would typically go through an apprenticeship and learn on the job – a method of learning that is slow and costly.
How can we accelerate the career growth for the venture capital industry, globally?
That is the challenge that the Newton Venture Program is taking on.
Building on the program
Right from its very first cohort for Fundamentals, Newton has gotten glowing feedback from its participants.
Both Fundamentals and the Fellowship not only offered the opportunity to learn from top-tier practitioners across the ecosystem, London Business School faculty, and a goldmine of tools and resources, it also provided participants with a valuable network of like-minded fellows.
And the results speak for itself – Newton graduates have gone on to start their own funds, form angel investing syndicates, as well as use the knowledge gleaned to join real-world funds as a VC.
Newton Venture Program executive director Eleanor Kaye found the Fund Manager! Simulation to be a great synthesis to the knowledge gleaned from the Newton programmes.
“The Fund Manager! Simulation was the perfect way to consolidate what our fellows had learned and test them to the limits. It propelled them into the future, taking them from raising a fund to exiting in just three sessions. The pace of the course matched the tenacity of our fellows and challenged them to think long-term while acting fast. We can’t wait to take the next group of fellows through the simulation!” said Kaye.
“Seeing the impact from the Fund Manager! simulation is truly something”, added Christian Rangen of Strategy Tools.
“Our goal is creating the full fund management experience, an experience that takes 10-15 years in real life, and we can now recreate it in 10-15 hours. This allows emerging fund managers, ecosystem builders and even startups, to experience the full life span of a fund, from sourcing LPs to delivering 100X multiples on their pre-seed investments. As far as we know, there is nothing else out there that can give people this experiential learning experience”
The Fund Manager! simulation has now been used with 100’s of VCs, fund managers and VC ecosystem participants around the world since its launch in early 2022.
“It’s definitely the most fun I’ve ever had on a course! I really appreciated the different energies that all the facilitators brought. The simulation really drove us to think about the future in a much more intelligent and expansive way – in the sense that you’re thinking about the companies you’re investing in today, but also thinking about how those markets are going to adjust or change, or be created over time. The course just unlocked something in my mind where I can see all of that more clearly now.”
Rumbi Makanga, Venture Partner, Republic
Newton Venture Program Alumni