Hey all - I need a bit of advice. I have been networking with a relatively small FoF that does some direct investment as well. The people I have spoken with seem interested, but are looking for someone with a particularly quantitative bent; they already have several people who are good with pitching / ppt work.
The associate indicated that they weren't getting the quality of analyst they need because it was tough to tell if people truly understood the technicals or just studied well (what shall be termed the WSO effect). Anyway, they said they were working on a better way to test candidates and would get back to me in three weeks or so to discuss further interviews. I was thinking about doing some modeling to send to them before the process got to the point where they were going to interview other candidates. I already have strong ties to the firm, and they like my resume--I just didn't know if there was a good way to beat the competition before they decide their new procedures. Would sending a "sample" of work be a good idea (generated on my own not using any proprietary models, as I am not in the industry currently)? If so, what kind of work should I send to a FoF with 20% direct investment in companies?
Thanks for any advice!
Couldn't hurt- but only if you do it well. I'd send a research report on the kind of company they might invest in (including model etc), or an analysis of some funds they might like to invest with. Be careful though- while doing this will display initiative/interest, if you do a bad job you could just as easily take yourself out of the running.
Thanks. My only concern is they do a lot of seed investment and early debt raises with private companies, so it may be hard to get sufficient data to create a meaningful model.
A few ideas from the direct investment side: Credit analysis Waterfall model Operating model for a high growth company (thorough 3 statement)
I think standard comps/DCF/LBO might be largely irrelevant for these guys.
Maybe someone with a FoF background can chime in on what type of modeling is required there. I would imagine showing off some stats knowledge would be beneficial. Would like to reiterate only do these if you can do a good job.
Avoid trying to do something like that. Perhaps just a general investment pitch/model would be sufficient to demonstrate what you want to demonstrate. Again, be careful.
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