Growth Equity: Perspective on Boston growth equity
Hello,currently working at a LMM fund and looking to make a move. I am interested in Growth Equity in Boston. Anybody with a perspective on Spectrum, Silversmith and Guidepost?Cheers
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Hey Investment Manager in PE - Other, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
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I hope those threads give you a bit more insight.
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Yes - I have friends who have worked at all3 and I’ve worked at one of the above. Volition is another good name (made a killing with Chewy), and PSG are here too. Great growth scene in Boston, most are sourcing shops. PM me if you have any particular questions.
How was the sourcing aspect of the job? What did you like / dislike about it? Contemplating going down the growth equity path but a little bit apprehensive given how different sourcing is from execution.
There's a lot more variability between firms in growth than firms in IB. Would def do your research on each firm; generally speaking, outside of the 2-3 growth firms where the brand name carries (so even if you do 100% sourcing you can still exit very well), I would only go into growth directly out of undergrad vs banking if the firms allows you to do deal execution along with your primary role of sourcing, or if the firm has internal promotion to an Associate position where you get to do some modeling. Otherwise, while sourcing is incredibly valuable, this skillset alone can be quite limiting (compared to banking) from the analyst level.
I agree with what was stated above but have another perspective. You think about banking, the MDs are the ones who are the "relationship builders" and bringing deals to the table. On the other hand, with VC/growth, you are exposed to the sourcing and relationship-building aspects right off the bat. In some ways, it is a good thing. Shops like the ones mentioned above are definitely sourcing-oriented, but I think you still have exposure to the diligence parts
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