Feeling lost about how to recruit for VC
Hi All,
In the past, this forum has been super helpful with senior monkeys answering questions, so Hopefully someone here can help. I just got the associate promo, 2 YOE doing levfin, and trying to break into VC. Even though my background is much more suited towards PC, I've realized the past two years that I absolutely do not want to work in the levfin space. I've worked with startups and have some VC experience in college, but it seems like very few VCs will give my resume a chance.
I've also considered internally lateraling to a tech group before making the jump but it's quite tough since the group is so popular. Right now, I'd appreciate any advice on my situation. Honestly, just looking for a foot in the door.
Breaking into VC from a leveraged finance (levfin) background can be challenging but not impossible. Based on the most helpful WSO content, here are some actionable steps and insights to help you navigate this transition:
1. Leverage Your Startup and VC Experience
2. Network Strategically
3. Consider a Lateral Move
4. Tailor Your Resume and Story
5. Target the Right Firms
6. Be Patient and Persistent
By focusing on these steps, you can position yourself as a strong candidate for VC roles. Remember, the key is to demonstrate your passion for startups and your ability to add value beyond just capital. Good luck!
Sources: Breakdown of Post-IB Exit Opportunities, Biotech finance: from IB to VC / HF to funded startup, https://www.wallstreetoasis.com/forum/venture-capital/corporate-venture-capital-vs-independent-venture-capital-firms?customgpt=1, VC to HF?, Q&A: 2nd Year Associate at a VC fund - Breaking in With a Fund of Funds + IB background
It's going to be very hard with your background. You're better off joining a start up in biz ops, learn how they work and build your network from within the industry. Sure, switching to tech coverage is another option but one that won't necessarily get you exposure to start ups or VCs.
[doubleposted]
That's fair. I have considered just joining a startup to gain a network there. Do you recommend early-stage, like seed or Series A/B, or later?
Sweet spot would be late A or early B since it'll give you a lot of exposure across the company without the overhang of chasing early product market fit.
Could you expand a bit on why you don't want to go into PC? What about LevFin is pushing you towards VC?
Feel like PC and VC are on the opposite ends of the spectrum in terms of DD and investing. I'm very much a people person and enjoy understanding the upside and momentum a company has, rather than being risk-averse and trying to imagine 10+ reasons why the company could fail.
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