I am thrilled to announce that I recently completed an externship program with Extern , in collaboration with Energy Innovation Capital . This incredible opportunity allowed me to delve into the world of venture capital, with a specific focus on the renewable energy sector and the carbon capture and storage industry.
During this externship, I had the privilege of discovering the innovative ways in which startups are working to solve global energy challenges in a sustainable manner. I'm deeply grateful for the chance to collaborate with a company that is dedicated to providing abundant, clean, and accessible energy technology.
Throughout this externship, I had the opportunity to:
1. Conduct essential market analysis.
2. Prepare a comprehensive market analysis presentation.
3. Design an investment summary.
4. Perform thorough due diligence on various documents.
The experience was truly transformative, as I learned four key concepts that will be invaluable in my pursuit of a career in the venture capital field:
1. Truth speaking mindset : To excel in venture capital, one must be a relentless truth-seeker. It's not enough to simply accept information at face value; it must be thoroughly investigated to ascertain the facts. This is crucial in conducting due diligence, market research, and preparing investment memos.
2. Importance of Market Analysis: Conducting a comprehensive market analysis is vital for projecting the success potential of a startup. This involves assessing the company's target market and competitive landscape, as well as identifying key factors such as market growth rate, drivers, challenges, and key investors.
3. Pitch Deck Analysis: Analyzing and synthesizing data is a crucial skill in the venture capital industry. Pitch deck analysis goes beyond mere summarization; it requires examining information in detail to identify cause-and-effect relationships and key factors, while also combining insights from multiple sources to create a cohesive proposal.
4. Structured Idea Presentation: The Pyramid Principle, developed by Barbara Minto, is an excellent framework for structuring ideas in a logical and clear manner. This approach involves presenting the main point first, followed by supporting arguments and detailed information, essentially giving the conclusion upfront.
I am deeply grateful to Extern and Energy Innovation Capital for providing me with this incredible opportunity. I would also like to extend my sincere thanks to Christie Andersen , our program manager Shawn Melville , and my fellow externs for their unwavering support and collaboration throughout this transformative experience.
#extern
Shareholder at Buchanan Ingersoll & Rooney PC
1moCongrats Eric!! Best of luck in your new position!