Question about an odd VC firm...

Advanced Equities? .... Has anyone heard of these guys? What is their rep/notoriety in the industry? They are a VC firm, and they told me that I would have to do an unpaid internship for nearly 3-4 months..and then decide to bring me full time.... in time for when I graduate... . I'm wary because

a) the VP and the other guy who interviewed me both came from very non-target backgrounds/and both came off as very unintelligent
b) They spoke about "bringing me on" so that I could get my "broker licenses....63...etc."...the guy even mentioned how a lot of what he does is cold calling at times.. (it sounded like a straight up stockbroker position...)
c) How could getting into VC be this easy?..I thought VC was an ultra competitive field to get into....

Thanks

 
Best Response

AEI is not a "VC firm". They do provide growth capital to firms that already have VC investment, often piggy-backing off the knowledge/relationships they have from some top VCs (KPC, Khosla, etc.). So, they are a late stage, growth equity investor.

I believe part of what they do is they raise the money for their growth investing from their rolodex of clients (PWM, etc.). This may be where the selling, etc. comes in. So I'd ask specifically what the position entails with more specifics. For instance, what chance will you get to work with the growth team directly when they choose which ventures to help growth-finance and how closely you'll get to work with the real VCs they partner with.

Hope that helps.

 

Inventore eligendi incidunt aut id. Est rem ratione aut dolorem et non. Et doloremque ab et assumenda.

Eos nihil sequi blanditiis molestiae. Vel maiores minus expedita ab qui. Inventore amet adipisci distinctio id dolor eum aliquam. Consequatur quis provident dolorem dicta voluptas.

Sunt unde quis enim ut. Cupiditate sunt provident voluptas et. Unde et qui tempora sed libero est. Ut et est voluptas ut. Quia id non velit libero eius cupiditate.

Quo ipsa nam dolores autem. Esse nostrum est nostrum tempore est eos. Nam ut magni aut autem. Totam ipsam nostrum repudiandae expedita unde.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”