Five questions for... Edward Holroyd Pearce, co-founder, Virtual Internships

Virtual Internships matches candidates with companies looking for remote interns.

916_MW_P26_Interviewee

What does your firm do?

We match candidates with companies looking for remote interns. This allows students and recent graduates to gain exposure to businesses, and valuable remote-working skills, while reducing the logistical and financial costs associated with doing an internship in an office.

What's been your company's greatest achievement so far?

We hit our ambitious three-month sales targets, and have more than 30 people signed up for the programme, with a tiny marketing spend.

What has been your biggest challenge?

It's still early days in remote working, so explaining the benefits of the programme to candidates and also to businesses does take some time. But we are getting better and better at articulating them, and businesses have been very excited to take us up on the service.

What are your plans for hitting your targets?

We have used our first-phase investment of £70,000 to prove the concept and have received some great feedback. Before the end of the year we are going to raise further funds to allow us to invest in scalability through technology. We have already identified great marketing outlets, so if we can deliver the technological improvements, we will scale up our targets.

What's the one piece of advice you'd give fellow entrepreneurs?

Be ready for the whole range of different situations and skills required to start a business. Passion and conviction for your product or service are essential. But recognise that you'll need to find ways to deal with bureaucracy, finance, hiring and so on. If there are parts you don't enjoy, then be honest with yourself and find people with complementary skills or other coping mechanisms.

Recommended

Moderna’s Stéphane Bancel: the maths nerd who struck vaccine gold
People

Moderna’s Stéphane Bancel: the maths nerd who struck vaccine gold

A decade ago, Stéphane Bancel took a gamble and joined a fledgling start-up working on an unproven new technology. The gamble paid off with the rise o…
17 Apr 2021
Will Shu: Deliveroo CEO and its first delivery rider
People

Will Shu: Deliveroo CEO and its first delivery rider

City analyst Will Shu was sick of working long hours at Canary Wharf and having to make do with what was left on the shelf in Tesco for dinner. So he …
10 Apr 2021
John and Patrick Collison: the nerds who conquered Silicon Valley
People

John and Patrick Collison: the nerds who conquered Silicon Valley

John and Patrick Collison, a genial pair of young Irish brothers from a humble background, had a simple idea – to launch the next PayPal. Just ten yea…
3 Apr 2021
Jay Z: the urban Shakespeare who became hip-hop’s first billionaire
People

Jay Z: the urban Shakespeare who became hip-hop’s first billionaire

Shawn Carter, aka Jay-Z, has always displayed a talent not just for rhyme, but for making money too – he was hip-hop’s first billionaire. He hasn’t lo…
13 Mar 2021

Most Popular

Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Lab-grown meat: the new agricultural revolution
Soft commodities

Lab-grown meat: the new agricultural revolution

Vegan alternatives are taking off, but the future of food technology lies in lab-grown meat – cultivating steaks and burgers from animal cells, says A…
16 Apr 2021