fake boutique firm? need advice
Hey fellow monkeys,
I am just another desperate monkey aiming for a boutique internship and trying to gain relevant experience.
I received an internship offer from a boutique PE firm (via cold-emailing), but I am suspicious about their legitimacy. It sickens me that people would screw over desperate monkeys.
Things that made me worry: 1) they are located away from major cities. 2) they changed their company name recently 3) they copied/pasted investments from past work at previous firms. 4) their revenue is less than 1 MM / year.
Any thoughts? Please share your opinion. Thanks!
Accept, ask to see take a tour of the offices too, but keep on networking and trying to find another summer position.
Scenario 1 - you find that its legit, get good experience in a small shop where you can assume a ton of responsibility
Scenario 2- you find another position at a known firm, and accept that and decline this position after you already accepted the better one. They won't be happy, but they're a small firm and you likely won't be crossing paths with them again in your career. Not an ideal choice, but keeps your options open.
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bump. I agree there arent much opportunities around, so I cant just abandon this outright. During the interview, they are trying to get me involved in one live deal, is this enough to stick around? What are some of the ways to maximize learning at this firm?
You are right to be concerned -- there are lots of shops out there that are not legit and are just looking for free labor. I don't necessarily think the concerns you mentioned are too big a deal though. If this is just for an internship and you don't have many better options, you should probably take the risk. If it ends up being crap it is just an internship -- you'll just need to spin it to the next employer.
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