Austin Ventures
Hi guys,
Does anyone know anything about Austin Ventures in terms of deals, culture, and the responsibilities of an analyst?
Cheers.
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They are located in Texas and they are venture capitalists
From what I hear, Austin Venture is very predatory towards their portfolio companies - more so than other VCs. They take out the existing CEO/team, and replace it with their own people. So they have a bad rep here - not many people wants to work with them.
That said, it is still a very respectable VC shop, with $4B (last time I checked) under management. They rarely take undergrad interns though, I know one person that did it, and she/he is a rock star! She interned at 2 BBs prior to interning with Austin Ventures.
Contrary to popular belief, Austin Ventures is barely a venture capital firm anymore. Their fund size has gotten so large that they are moving up-market in order to deploy more capital per deal. It takes a damn long time to invest $4bn if you're only doing $5-10mm seed rounds.
Also, I hear there is a lot of sourcing/cold calling at the junior levels. So be aware of that before you take an offer.
Still, a very reputable firm though. See some comments about them in this thread: //www.wallstreetoasis.com/forums/a-list-of-the-top-15-vc-firms
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