Deciding between 2 offers - need help TONIGHT
Background:
I have a potential job offer (in negotiations) with a guy who manages a pool of money that I believe is his family's money. The guy is trying to be a full-circle asset manager by investing in everything from stocks to FI to operational businesses. He wants my help primarily in looking at deals for operational businesses, but I imagine I would do whatever I wanted / was asked of. Currently, the fund consists of him calling the shots and 2 support staff (an admin and part time accountant), so I would be his first "professional" hire, but it seems like he has the infrastructure set up to pay employees. I need to decide between this and another, much more vanilla corporate finance offer (but still attractive). I graduated in 2006 and received a 700+ on the GMAT, so my plan is to put in 2-3 years somewhere and then do b-school, and he is ok with this.
Question:
What I want some help with is what else would you want to know from this guy before accepting an offer? I basically hold all the power now, he has seen my work as I was working for him part-time and he likes it, and I am the one with the pending 3rd party offer. So I will get to grill this guy in about 18 hours. What should I be asking?
Here are some of the things I have thought of so far:
How much are you managing – What is the time horizon to deploy the capital are you taking management fees from the asset base – do you plan to? What is the fee structure? Who are the LPs? Family?
2 year minimum - What guarantee can I have?
Can you fill 40-50 hours of my time per week? (he said thats as much as I would work, probably wont even be that much)
Will I participate in everything you do – travel, meetings, emails, etc.. (I want to be his right hand man doing everything he does, meeting the people you meet, etc. )
Benefits – health care, dental, vision, etc.
What is my potential upside? - Points on deals, etc
Will you expand the fund to include outside money? How?
Any and all thoughts are appreciated, and I will try to answer any questions on info I left out.
Don't you already know how much he's got if you were working for him part-time?
I think if he really trusts you, ask him to to give you equity stakes in the fund on top of base pay.
Velit molestias quas soluta adipisci modi officia. Iste facere atque sed sequi. Vero voluptas sunt et minima ducimus culpa aut alias. Sapiente libero fuga atque molestiae consequatur dolore adipisci. Nesciunt qui soluta sed ut ut. Quis eum aliquam ullam.
Neque voluptatem quia totam. Natus velit aliquam saepe et assumenda.
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...