The IB/PE Path to Entrepreneurship: A Myth?
Past few weeks I had the good fortune of meeting with two late 30- year olds, very successful, entrepreneurs in China.
One founded what is now the largest confectionery/bakery chains in China (starting from a single store). Visited his "compound" in Beijing, which included among other things, 15 horses, peacocks roaming all over the place, swans, dogs, roosters, koi (fish) etc. Rolls-Royce, Ferraris (plural). Additionally owns property all over the world. Also, is an influential member in the UN due to his photography initiatives linked to environmental conciousness .
The other is an ex-Bain consultant, who started a leading human resources company in China with four friends at age 28, listed on NYSE with marketcap of $500mil currently. Dude just IPO'd his second company and is rolling in cash.
Both have accumulated an amount of wealth that would take a BB MD decades to make. Neither did IB/PE and put it in explicit terms that beyond being able to teach someone right out of college how a large company is managed, neither job will be particularly conducive to one being an entrepreneur.
Which leads me to these question guys.
1.If one's dream is entrepreneurship, to "stake a claim in the world"- if you will, does joining IB/PE get you closer to your goals? What, if any, fundamentals/skills have you learned that may one day help you start your own company?
- Or conversely, do you feel that as you progress, you get cuffed by "golden shackles"- unwilling to risk a substantial yearly salary+bonus to venture out on one's own?
Any budding IB/PE entrepreneurs have thoughts?