Silversmith Capital Partners Reputation?
This growth shop seems pretty solid - spun out from Spectrum and Bain Capital Ventures in 2015. If investing is something I want to do in the long run, would this be a good place to summer vs. doing a summer in banking / consulting? What is its overall reputation and what might some exit opps be?
They’re a solid shop. If you’re interested in growth stage/ vc I would absolutely suggest you take it. They do have a sourcing model, so not sure if that’s something you’re interested in, but that type of model builds a really useful skill set that is not too common these days. Also if you are able to source a deal you will do the deal work so you will still get the financial modeling. Sure, you won’t be as solid as your banking peers, but a lot of them will try to exit to a shop like Silversmith. I recently accepted an offer at a growth equity firm for a summer role so I would be happy to chat more about my own thought process.
Firm has a very good reputation. Early returns look good. My impression of the culture and people are quite positive. Can’t speak to the quality of the internship experience.
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From my experience you're better off doing banking / consulting as a summer intern vs. interning a growth equity shop like Silversmith. The experience and learning you'll get is going to be way better.
You'll hopefully build a relatively useful skillset that could put you in good position to become an analyst at a growth equity shop should that be the path you'd like to go down.
Bump - any updates on the firm?
Very knowledgeable about the firm based on experience in the ecosystem:
+ Founding partners are very legit and JQ is an especially legit investor
+ Funds 1-2 are massive smashes
+ Junior employees get $20k bonuses each for any deal sourced by anyone on the junior team even if it’s not you
+ Chill WLB
- A lot of turnover, multiple employees fired within last year, former junior employees go on to do anything from tax-consulting to unemployed
- Funds 3-4 holding some massive duds
- Superficially nice but grinfuck you culture
- Lot of nepotism hires (multiple billionaires or industry titans’ kids/grandkids)
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