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Future VC is a nonprofit organization founded in 2018 and based in London, focused on enhancing diversity within the venture capital sector. The organization was established in partnership with Diversity VC, aiming to make VC careers more accessible to individuals from underrepresented backgrounds. Future VC operates paid internship programs at top VC funds across the UK, US, and Europe, providing participants with valuable industry experience.
As of 2024, Future VC has successfully supported over 50 individuals in their pursuit of careers in venture capital. The organization collaborates with more than 120 partner funds, including notable firms such as Seraphim, Rooks, Omers, Octopus, Notion, and Sky. Future VC's mission is to create a more inclusive environment in the venture capital industry, addressing the significant underrepresentation of diverse demographics.
Future VC has made notable strides since its inception, including the education of over 1,500 individuals from 166 cities globally. The organization emphasizes the importance of diversity in driving successful outcomes in venture capital, as diverse teams have been shown to achieve higher rates of successful exits and IPOs.
Future VC's investment strategy centers on increasing diversity within the venture capital sector through structured internship programs and educational initiatives. The organization primarily targets individuals from underrepresented demographics, including those who identify as BAME, women, LGBTQ+, and socio-economically disadvantaged. Future VC offers paid internships at leading VC funds in Europe and the US, allowing participants to gain hands-on experience and develop essential skills.
The organization also provides masterclasses led by industry leaders, covering critical topics such as financial modeling, fund operations, transaction economics, and impact investing. Participants engage in personal development sessions focused on networking and soft skills, which are crucial for success in the venture capital industry. Future VC's approach not only enhances the skills of its participants but also contributes to a more equitable industry.
Future VC collaborates with over 120 partner funds, providing participants with valuable insights and experiences in the venture capital landscape. Notable partner firms include:
These partnerships allow Future VC to provide participants with a comprehensive understanding of the VC industry, enhancing their career prospects and contributing to a more diverse workforce.
Megumi Ikeda - Megumi serves as a representative from Hearst Ventures, providing insights into the internship program's structure and impact. She has extensive experience in venture capital and has been involved in mentoring participants through Future VC's initiatives.
To pitch to Future VC, interested candidates should visit their website at futurevc.com for application details. The organization prefers candidates to submit a resume and a cover letter outlining their interest in venture capital and relevant experiences. Future VC values clear communication and a strong understanding of the venture capital landscape in pitches.
Response times may vary, but candidates can expect to hear back regarding their application status within a few weeks. Future VC encourages warm introductions through their network, which can enhance the chances of a successful application.
The Future VC Programme is a six-month paid internship that includes placements at two VC funds, each lasting three months. Participants engage in masterclasses covering various topics relevant to the VC industry, as well as developmental sessions focused on networking and soft skills. The program also includes an investment panel project where interns conduct due diligence on selected startups.
This program is designed to provide participants with hands-on experience and essential knowledge, preparing them for successful careers in venture capital. Future VC's commitment to diversity and inclusion is reflected in the structure and goals of the program.
As of March 2024, Future VC has successfully placed over 50 individuals in venture capital roles since its inception in 2018. The organization continues to expand its reach, partnering with over 120 VC funds across the UK, US, and Europe. Future VC has also been featured in various media outlets, highlighting its mission to improve diversity in the venture capital industry.
Recent activities include the launch of new masterclasses aimed at enhancing participants' skills in financial modeling and impact investing. Future VC remains committed to supporting individuals from diverse backgrounds in their pursuit of careers in venture capital.
What are Future VC's investment criteria?
Future VC does not invest directly in startups. Instead, it focuses on providing access and career opportunities for individuals from diverse backgrounds through paid internships and development programs at partner VC funds.
How can I apply or pitch to Future VC?
Interested candidates can apply for Future VC's internship programs through their website at futurevc.com. The application process typically involves submitting a resume and a cover letter detailing your interest in venture capital and your background.
What makes Future VC different from traditional VC firms?
Future VC is a nonprofit organization dedicated to enhancing diversity in the venture capital industry. Unlike traditional VC firms, it does not make investments but instead focuses on creating pathways for underrepresented individuals to enter the field through internships and educational programs.
What is the geographic scope of Future VC's programs?
Future VC operates globally, with a strong presence in the UK, US, France, Spain, and Germany. The organization offers both in-person and remote programs to accommodate a diverse range of participants.
What kind of support do participants receive during the internship?
Participants in Future VC's internship programs receive mentorship from active VC professionals, access to masterclasses on essential topics, and opportunities to develop their networking and soft skills. This comprehensive support helps them build the necessary skills for successful careers in venture capital.
What is the size of Future VC's programs?
The Future VC Program is a six-month paid internship that includes placements at two VC funds, each lasting three months. Participants also engage in masterclasses and an investment panel project where they conduct due diligence on selected startups.
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