What does it take to start your own fund
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(Senior Orangutan, 429
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on 1/3/13 at 10:57am
Is it possible to start a VC/PE fund in your 20s if your parents are not extremely wealthy/well-connected? It seems like most of the founders of successful funds were well into their 30s/40s when they started.
It's straightforward enough to start a tech company at a young age, but it seems more difficult to do something entrepreneurial in finance.





Not really possible..you need
Not really possible..you need investors to have a reason to give their money to you instead of another fund. It's hard to give them a reason in your 20s
"Well that's even more than less than unhelpful." - Jack Sparrow
you could try to get arabs to
you could try to get arabs to give you money
tradewell12: you could try to
you could try to get arabs to give you money
or a Nigerian prince. You just need to give them your bank account information and will be in your account in no time.
Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
The only way I could think of
The only way I could think of it happening is to start a company, sell it for a lot of $$$, and let others invest with you in new ventures.
Turbo leverage for capital explosion -- BD Capital
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Doubtful. Only way I could
Doubtful. Only way I could see this (even maybe) happening- somehow either join a PE/VC firm out of school or out of 2 years IBD, work 5-7 years there and somehow get enough responsibility/credibility that people are willing to trust your investment decisions (and you have enough capital to get started). You'd also probably need to have some very wealthy connections. Very very unlikely.
The only way to do this is
The only way to do this is you are in your 20s is via starting a Search Fund. A lot of MBAs from H/S have started doing that as it is almost like a fast track to C-Level.
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.
AstonMartin: Is it possible
Is it possible to start a VC/PE fund in your 20s if your parents are not extremely wealthy/well-connected?
Watch Wall Street Warriors, season 2. There's a guy (maybe 26?) who runs his own PE shop. He talks about his story in a few episodes.
I'll do what I can to help ya'll. But, the game's out there, and it's play or get played.
The other way it has
The other way it has happened, at least with some hedge funds, is that the fund manager is so impressed with a junior person that he gives them startup money, which provides a small fund and a measure of credibility. I believe Ed Lampert got his start this way.
Very difficult. You need two
Very difficult. You need two key ingredients:
-Money
-Track record
Capitalist