Was corporate development worth it for you?
For people who made the move from IB to corporate development, was it worth it? Also did you choose a startup or an established firm, and why? Also what % of your comp is equity based? Also what type of work do you do, is it entirely looking at potential acquisitions and assessing synergy potential/modeling, or are you wearing “multiple hats” and doing many different tasks, such as more general business development? This is an option I’m considering.
It's been worth it for me so far (granted, I've only been here for 1 year so my views may change. I'm at a established company - I would have considered startups, but the majority of those opportunities at the time were looking for more senior type hires. In terms of type of work, we do a lot, including VC investments, M&A, joint commercial partnerships, licensing agreements, etc etc.
Working in the VC team inside an established company sounds like a great deal in terms of having a relatively safe job but also getting amazing experience for eventually launching your own fund.
I would like to know more about these kinds of structures. I know of companies that are very active with their VC investments but I’ve always wanted to know if analysts/associates in these roles get something equivalent to carry in the fund, or is it all base+bonus given it is not actually a VC?
Highly dependent on the company. It's not unheard of for CVC investment professionals to have some form of carry; however, my company does not.
Thank you. I would imagine that some companies would not have that structure. Is there something equivalent in place? By that I mean if bonuses are tied to performance in some proportional or non-proportional way?
I don't think there is a specific formula based on our investments, just "overall business and team performance". Investments only make up maybe 25% of what we do - as a corp dev team, we are still mainly focused on M&A
Thanks for sharing. Also interested
Ad dolores impedit non aut aut ab. Est laborum quo quis porro sapiente necessitatibus provident voluptatem. Est adipisci iure quam harum dolores non dolore. Eum sint totam non fuga aliquam commodi. Ratione ut expedita blanditiis quod id. Atque error aut nobis minus officiis quia. Aspernatur iusto iusto rerum quidem.
Aut et sed quia omnis recusandae. Quibusdam impedit aut ducimus nulla. Quia voluptatem est ipsum ea velit veniam nemo. Quasi magni alias recusandae nihil qui vel quo aut. Beatae id occaecati aut incidunt maiores rem ratione.
Accusantium itaque aut doloremque provident eveniet aliquid ipsa. Nemo est iste ut accusamus. Modi ex velit praesentium ut adipisci voluptas.
Vel veniam in veritatis eos quia aut incidunt voluptatem. Et ea iste minus enim qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...