Very cool that you started this, but I'd guess nearly zero chance that you can continue. You have to clear outside business activities / conflicts of interest / other investments with your new PE firm, and I'd be shocked if they allowed these competing activities unfortunately.
Appreciate the transparent response! Say hypothetically the firm was OK with this (i.e., real estate vs completely different vertical), what would your thoughts be on continuing?
With that level of commitment, it's a significant distraction. I think it depends on your priorities.
If your goal is to become a GP / continue with this side hustle eventually full-time and learn a bit more about diligence and deal-making through PE, then maybe it's fine.
If your goal is to genuinely learn as much as possible in PE, perform well (top of class, outsized bonuses, etc.), and potentially pursue PE as a career-track long-term path, then you need to drop the extracurricular. PE is far too demanding to have something eat up this kind of time.
I'd also still argue that it's a conflict of interest (even if just time commitment-wise). This may sound harsh, but if I was your VP/Principal/etc., I'd have zero patience if I ever found out that you were scheduling work calls around your side hustle schedule, especially if you ever rescheduled or missed something.
Very much appreciate your candor/transparency as always on here! This was my hunch as well. Just wanted to gauge the thoughts of the folks here as a sanity check...don't have too many friends in finance who understand the demands of the role.
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Very cool that you started this, but I'd guess nearly zero chance that you can continue. You have to clear outside business activities / conflicts of interest / other investments with your new PE firm, and I'd be shocked if they allowed these competing activities unfortunately.
Appreciate the transparent response! Say hypothetically the firm was OK with this (i.e., real estate vs completely different vertical), what would your thoughts be on continuing?
How many hours a week is the commitment, and does it require any work or calls during working hours?
With that level of commitment, it's a significant distraction. I think it depends on your priorities.
If your goal is to become a GP / continue with this side hustle eventually full-time and learn a bit more about diligence and deal-making through PE, then maybe it's fine.
If your goal is to genuinely learn as much as possible in PE, perform well (top of class, outsized bonuses, etc.), and potentially pursue PE as a career-track long-term path, then you need to drop the extracurricular. PE is far too demanding to have something eat up this kind of time.
I'd also still argue that it's a conflict of interest (even if just time commitment-wise). This may sound harsh, but if I was your VP/Principal/etc., I'd have zero patience if I ever found out that you were scheduling work calls around your side hustle schedule, especially if you ever rescheduled or missed something.
Very much appreciate your candor/transparency as always on here! This was my hunch as well. Just wanted to gauge the thoughts of the folks here as a sanity check...don't have too many friends in finance who understand the demands of the role.
Happy to help and admire your ambition. Good luck sorting!
Qui odio voluptatem ullam est nulla voluptatum odit. Aut voluptatem laudantium excepturi esse harum. Ad ullam consequuntur est distinctio dolorem excepturi. Beatae quia debitis facere reprehenderit neque. Consequuntur rerum consequuntur labore.
Quis sit autem officiis ea atque. Totam eaque voluptatem nobis dolor necessitatibus maiores.
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