FAANG++ Corp Dev vs. Tier 2/3 VC -> Late-stage VC or growth
After 5 years in MBB, I have two options - either join an early-stage VC as a principal (Series A / seed -- the most recent fund is $200M, objectively they are Tier 2/3) or Corp Dev at FAANG/M7 (M&A and strategic investments, but not CVC per se). My ultimate goal is late-stage VC or growth (Series B-d). I feel that branding of FAANG/M7 might help, but early-stage VC might allow me to network better with late-stage VCs. TC at FAANG is 2x better. Any thoughts?
Based on the most helpful WSO content, here are some key considerations for your decision:
Branding and Exit Opportunities:
Networking:
Compensation and Lifestyle:
Skillset Alignment:
Recommendation:
If your ultimate goal is late-stage VC or growth, FAANG/M7 Corp Dev seems like the stronger option due to its branding, skillset alignment, and compensation. While early-stage VC offers networking opportunities, the Tier 2/3 branding might limit your ability to transition to top-tier late-stage VC funds. However, if you are confident in your ability to leverage the early-stage VC role for networking and are passionate about the venture ecosystem, it could still be a viable path.
Ultimately, consider what aligns best with your long-term goals and personal preferences.
Sources: Q&A: Strategic Finance / Corp Dev at late-state technology company (series C+ / $2bn+ valuation), Corp Dev/Strategy at Early-Stage to Late-Stage Startups, FAANG Corp Dev / Strategy Associate vs. PE, Q&A: Corp Dev > Strategic Finance > VC, Q&A: Principal at Early-Stage VC Fund
First of all congrats on both the roles! So its kind of hard to go from early stage venture to late stage as its a completely different skill set. I personally would say you will have more skills/career options if you take the Corp Dev role. VC is an industry that is shedding more and more investors, hence it takes a lot to do well and stay. Hence if early stage is not 100% what you want to do, then go with the Corp Dev. Use your network and keep networking with alumni and friends that are in growth/late stage roles and try to get interviews - it will be a bit hard though as usually most come directly from IB/PE or undergrad.
Happy to discuss in detail over DMs - recently learned alot about the industry and happy to share learnings
Assuming you're talking about Cisco? The investing work for these kinds of role is not what you expect FYI. You're not really flexing any sourcing muscles or even investing acumen.
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