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: newtonprogram.vc/
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: app.beapplied.com/apply/utnk…
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: newtonprogram.vc/fellowship
The Newton Fellowship closes to applications on Monday. Final window for the 7th cohort.
Delivered by world-class academics and top-decile practitioners at London Business School and ecosystem partner locations.
Spots are very limited.
👉 app.beapplied.com/apply/utnk…
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: newtonprogram.vc/fellowship
Careers Month returns this September 🥳
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. 🌱
For this Newton Fellow, the program created space to reflect, reassess, and move on to the next step with conviction.
Application link below 👇
bit.ly/44Mm7kr
"Marvellous. Challenging. Intense"
The Newton Fellowship, straight from the Fellows who've experienced it. 🎥
We're training the next generation of VC global leaders.
Cohort 7 (NVPxLBS07) closes Monday 7 September. ~30 spots.
Apply 👉 newtonprogram.vc/fellowship
Priced Round 🏷️
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. ✅
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 bio🔗
Discount Rate 🏷️
The percentage off the next round's share price when a SAFE or note converts.
20% discount, round priced at £1 per share? Early investors convert at 80p.
The reward for backing a company when the risk was highest. ✅