Hi,
I got a FT job as PE analyst at a Growth Equity shop. It's a young shop started by well known and very deal experienced people... I interned at the firm and they called me back for FT, so I must have impressed them.
Basically, I'm earning a pretty good salary for the country i'm in (i can live a pretty fancy lifestyle), but the partners also wanted to incentivise me more than that, so they said that out of any excess money the firm makes, they will each get 30% and i will get 10%.
Contract is signed and i've been with them for 3 months already... It's kind of a startup firm (3 yrs old) but has 5 very successfully grown portfolio companies, and quite a few international exits that made the big headlines (for this country)...
Although it's still a bit of a risk, am I right in assuming that at the age of 25 this is a pretty lucky break for me? Even if it doesn't work out, I'll still have the growth equity experience right? Or would it look really bad if the firm failed (which I doubt it will but you never know)
thanks!
there's no risk to you. you're young and if the firm goes broke, you can go to another shop. being at a shop that goes broke is actually great learning experience (of what not to do). at the very least, it will make your autobiography that much more interesting when you become a billionaire. if the firm doesn't go broke and prospers you could be getting millions in incentive fees. what's not to like about this opportunity?
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