We are looking for a Business Development Intern to join our energetic and ambitious team. This is a rare and exciting opportunity to join a leading domain-focused VC fund, as we embark on the fundraise of our fourth fund.
Salary: £24,000 annually
Location: Soho, London + remote working
Target Start date (length): September 2024 (initial 6-month internship, followed by an extension and/or a transition to a full-time position, subject to performance)
ABOUT US
We are an early-stage venture capital firm based in London backing founders who are creating a digital & sustainable built world. We have made over 80 investments since 2015, across 15 countries, over 3 funds and have delivered 13 exits. Our portfolio of globally scalable solutions are transforming the built world by creating a digital & sustainable future, fit for generations to come.
WHAT WE STAND FOR
We believe in the potential – and understand the urgency – of innovation in making the built world better for communities, businesses and the environment to thrive. Transforming the world we build is a challenge of generational importance for all of us. At Pi Labs, we are on a mission to back the founders whose boundless ambition matches our own, so that together we can get the built world back on track and fit for the future. The issues we care about as a team are having an impact on almost every aspect of life on this planet.
THE ROLE
As Business Development Intern you will be involved in fundraising, and other activities to support the wider business. Specific activities will include sourcing potential investors through desktop research, building target outbound lists from web sources. In addition, you will have the opportunity to support on investor engagement (to current investors) and will be actively involved in organizing events. The role will allow you to get exposure to industry leaders and will offer an opportunity to significantly expand both your skills and your network.
RESPONSIBILITIES & ACCOUNTABILITIES
Sourcing:
- Working closely with the Business Development team to develop and improve email outbound and investor sourcing processes.
- Performing desktop research to source prospective investors for the latest fundraise.
- Collecting relevant research and analysis on the current VC fundraising environment, including information on which firms are allocating to venture, which firms are launching new venture programmes, and who the potential targets are for our fundraising activities.
- Opportunities to meet with existing fund investors alongside the business development team to understand how Pi Labs may improve its engagement/investor relations.
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Material Production & Delivery:
- Assisting in drafting fundraising materials, including tailored pitch decks and other ad-hoc materials required by specific investors during the fundraise.
- Helping to collect relevant data from internal and external sources to share with target investors.
- Supporting the business development team on fundraise/sales calls as needed.
- Help maintain our Customer Relationship Management system (CRM), by ensuring all the latest information is logged.
Other:
- Supporting on internal and external event organisation (from planning to event delivery).
- Supporting on the coordination of global investor roadshows (scheduling and logistics).
- Working closely with adjacent teams in the business including the Pi Labs research, investment, and marketing teams to nurture and expand the Pi Labs platform, brand and ecosystem.
REQUIRED SKILLS & EXPERIENCE
- Recommended 0-1 years of work experience
- Ideally having worked/interned in a role that required managing deadlines, lots of teamwork, and maintaining a high level of organisation.
- Prior knowledge/experience within real estate or venture capital would be preferable, but is not required.
- Must have knowledge of, or have a demonstrable interest in, built-world technology (i.e. PropTech, ConstructionTech, Smart Cities, etc.).
- Strong analytical skills, a self-starter with good verbal communications, and excellent written and spoken English.
- Extremely organized and able to complete both granular, focused exercises as well as broader, more strategic, tasks.
- Ability to work in a fast-paced environment alongside a young, and driven team.
- Proficient in Microsoft Word, Excel and PowerPoint.
VALUES & ESSENTIAL BEHAVIOURS
- Positive, motivated, and enthusiastic, with a ‘can-do’ attitude.
- Flexible and adaptable (our ecosystem is fast-paced and changes rapidly).
- Curiosity and an eagerness to learn and develop.
- Resourceful and able to work on projects autonomously.
- Highly organised with excellent attention to detail.
- A team player that thinks beyond the leads they are running, and is interested in helping colleagues and senior management grow and improve the Pi Labs platform.
WHY JOIN US
- We believe in business as a force for good and are proud to empower exceptional founders solving some of the most crucial social issues of our time.
- We’re a small and nimble team on a high growth journey who believe in the importance of embracing failure, learning from mistakes, and iterating quickly.
- We are committed to being supportive and generous with our time, whether it's giving feedback to a founder or brightening up a colleague’s day. Working in VC can be hard, but enjoyable when working with great people.
- We treat everyone equally and ensure every voice is heard. We encourage everyone to think boldly and share ideas.
- We’re at the forefront of innovation and get a first-hand view of where the industry is going before anyone else.
- We have a mentoring community that is constantly growing, so there are lots of opportunities to learn from a range of industry experts who you typically wouldn’t work with.
- We want to advance the agenda of fairness and equality in our sector and are working to break industry stereotypes at every level. We believe the challenges we’re facing will be best met by a truly global, diverse team, working together.
- We have a packed events and social calendar so lots to get involved with!
WHAT WE’RE OFFERING
- Entry-level salary
- 25 days of annual leave plus bank holidays
- Flexible working (4 days a week at our HQ in Soho, London)
- Employee development opportunities
DIVERSITY & INCLUSION
We are committed to fostering a culture where everyone regardless of background, ethnicity, or gender feels welcome. If you are excited about this role, but do not 100% meet all the qualifications listed above, we would still encourage you to apply. We recognise that a variety of different skills, strengths, and experiences can add a lot of value to our team.
The start-date for this role can be flexible to accommodate the successful candidate, with an ideal start-date in September 2024.
