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.
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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