Switching from IB to Corp Dev - any insights?
I've recently received a Corp Dev Associate offer from a late stage tech startup that I'm seriously contemplating. Background: I'm currently a junior assoc in a reputed IB.
The role would involve a mix of acquisitions (mostly vertical but also horizontal; should be fairly busy given the industry), IR, fundraising and subsequently IPO-related workstreams (in c.2 years).
The Company is growing at an explosive rate and I personally think it's meant for great things. My questions are twofold:
1) Any idea on the amount of work I can expect at a fast growing tech startup like this? The Corp Dev team is pretty lean right now (CFO, Head of CD and myself). Though I know the type of work is going to be fairly unorganized compared to IB, I'm wary about going again into a 80hr job again. (Separately, I'm doing DD on the CD team members to understand their working style)
2) Any important questions that you think I should ask the team before taking up the role? This could be work-related (for e.g. how do they see the CD team expanding over the next 1-2 years esp.? since I don't want to be on the bottom for too long) or pay-related (since most of the pay will be in ESOPs)
Thanks! Any insights would be extremely useful.
P.S - this is my first post on WSO after having been a reader for multiple years - feels good :)