You don't really need "exceptional" deal flow to recruit successfully. Ideally you have some projects to talk about when interviewing, but realistically with how early processes kick-off, there isn't too much that's substantive. The brand/group and your ability to interview well matter much more. i.e. GS TMT + being smart/competent goes a long way.
SF folks are able to exit to very small but extremely selective VC shops/funds that pay a fuck ton. So if your criteria is "Apollo/KKR" = top then sure, but they probably pay like half of what those funds pay
But don't VC shops pay less than MF PE? I mean, I get that if you're a partner at VC fund you can make in the tens of millions... but in a pre-partner role in VC, isn't pay usually below PE?
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No clue about SF but from what I hear NYC TMT is much better than SF in terms of culture and hours, also has slightly better exits.
is this true?
No they both suck
Analyst at NY TMT here. Agree with the above, but SF definitely has better deal flow, it's not even close.
So better deal flow in SF but better exits from NYC? Could anyone elaborate on why this is the case?
You don't really need "exceptional" deal flow to recruit successfully. Ideally you have some projects to talk about when interviewing, but realistically with how early processes kick-off, there isn't too much that's substantive. The brand/group and your ability to interview well matter much more. i.e. GS TMT + being smart/competent goes a long way.
SF folks are able to exit to very small but extremely selective VC shops/funds that pay a fuck ton. So if your criteria is "Apollo/KKR" = top then sure, but they probably pay like half of what those funds pay
But don't VC shops pay less than MF PE? I mean, I get that if you're a partner at VC fund you can make in the tens of millions... but in a pre-partner role in VC, isn't pay usually below PE?
Tell me one fund that pays twice as much as Apollo
A few VCs and crossovers that pays carry
Voluptate autem fugit doloremque ullam consequatur qui aut. Doloribus facilis et nemo neque cupiditate. Ullam blanditiis dolor quo molestiae id quae et illum.
Ea aut facilis temporibus tempore fuga enim. A nisi temporibus molestiae dolorum. Sit itaque quia dignissimos cumque consequatur quia. Omnis facere accusantium corporis officia enim rerum error tenetur.
Consequuntur et dolorem sunt cumque. Et possimus dicta quasi harum sed debitis.
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