Do VC's take undergrad interns?
Do VC's take undergrad interns?
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No, no chance, you'd be hardpressed to land a full time VC job as an analyst let alone a summer gig. Only places that even hire UG's are mainly TA Associates and Summit Partners, and the work is mostly grunt work.
KPCB, Venrock, Bessemer, Sequoia wouldn't even read your resume.
There was only one undergrad I have ever heard of getting an internship at a VC firm. This kid was top of his class at Cornell, and had a lot of connections, and did an internship at Sequoia, if I'm not mistaken.
Either way, I agree with Seanc. If your dad isn't Mike Moritz, or doesn't know him very well, I wouldn't count on it.
Bessemer recruits UGs @ wharton.
Bessemer takes undergrads.
Do ugs at bessemer do grunt work or would this actually be a good experience?
Well at the analyst level it's a lot of deal sourcing/generating. Nevertheless, it helps to break into the industry!
The summer analyst they took for this upcoming summer was from their on campus recruiting efforts at Harvard.
Would interning with a VC as undergrad be a good experience at all? It seems that the top VC guys all have strong technical/engineering backgrounds or industry experience. Seems like it would be a disadvantage in the long run going to straight into VC.
When I was a junior and interested in VC, I spoke to a partner at Apax and he told me the traditional route of working in the industry for a while, going back to school and getting an MBA, then applying for a VC job is the best.
If you're picked out of UG, chances are you will be doing grunt work and what's worse is you won't understand half the shit you're working on, especially if you don't have an engineering background. VC is a very small community and the best positions are landed through networking, not resume drops. Industry knowledge is key, and I guarantee you won't be taken seriously in the long run without it. Unlike Banking, it's not just about banging out deals day in and day out.
Speaking of Apax, it sucks that they decided to go pure buyout and drop the VC stuff in the US. I was definitely interested in the VC route down the line, and my only real contact in the VC industry was at Apax.
I believe the founder of Apax has founded a new VC firm by the name of Greycroft Partners.
Yes. I got an offer before.
Does anyone know about hiring full time undergrad's in the Boston area? I know there a ton of Boston VC's and some do have analysts, I think some firms with associates are straight out of undergrad, but anyone know of which firms? I see VC as an ideal field. Interesting job in terms of deals but great hours too. It would be the road I would take but it is so difficult to break into.
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VC Undergrad Intern (Originally Posted: 06/02/2015)
Yes, you're rushing yourself. Give yourself some time to build a track record (the operating model stuff sounds pretty awesome) and they'll trust you with more stuff.
Also know that there's very little 'finance' heavy stuff in VC. Lots of sourcing, market sizing, business model feasibility, etc. As a VC intern I helped predominantly with sourcing, and assisted with some research efforts on industry potential and stuff like that. I did very little finance work.
I'm in GE and my job is very sourcing heavy with a lot of research, and the CAP table will be very useful if you're trying to get into GE/VC. However, if you do not get more "quant" experience, and you're trying to stay in VC, then you should be fine as long as you can explain the process of the deals, strategy of the firm, communication skills, and how you would value or invest in a company.
Thanks guys that puts things into perspective
You are more than fine. I've done more market analysis, sourcing, tech event networking.
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