Growth Equity / VC Recruiting (On-Cycle)
Any idea when the large growth equity / VC shops are kicking off processes (especially on the west coast)? Aware that TA & GA have gone, and that Sapphire kicked off its process this past Friday. Any idea when the Accels / Accel-KKRs / KPCBs of the world are going to go? Heard it will be in the coming week.
Hi freefly716, any of these threads helpful:
Maybe one of our professional members will share their wisdom: greenymick Diana-Bald Binders
If those topics were completely useless, don't blame me, blame my programmers...
Which banks do VCs recruit from? (Originally Posted: 08/25/2010)
Hi all,
I would like to know which banks (BB and boutiques) VCs recruit heavily from. Also, I imagine you can back up your interest a bit better if you are in a group like tech or healthcare, but what if you get placed into a group that's not as VC-relevant? If anyone has any experience or advice regarding how to best position myself as a banking analyst for VC recruitment, that'd be much appreciated. Thanks a ton!
mine.
Thanks whateverittakes - do certain BBs/boutiques do better than others? I was chatting with an analyst at a BB, and he said he actually doesn't know many people who've gone into VC firm-wide. But perhaps it's a pure number issue (not as many people are into VC). Do you think there's a significant advantage to being in SF over NY? Also, I realize this may be a pretty basic question, but what are the important things to keep in mind if VC is where I ultimately want to end up at (networking wise, etc)? if you can point me to a few resources that'd be great.
The banks you typically think of as better for PE recruiting are also better for VC recruiting, those banks just have strong brand names. In general though it is pretty difficult to go from banking to VC. There are already so few pre-mba associate spots, and then most of them won't target banking analysts like PE firms do. Recruiting is largely done on an ad-hoc basis and every firm will look for something different (technical degree, start-up experience, operational experience, straight banking background, combination of the above, etc.). This makes the # of analysts going into VC pretty small as most are too risk-averse and/or don't want to do VC enough to reject other offers in the hopes of getting a VC spot. Some VC firms target banking analysts and have PE-like recruiting timelines. A few off the top of my head: NEA and DCM.
If VC is what you really want to do then 1. Start networking. Attend your local startup events and start getting to know people, especially entrepreneurs. It is actually a very small community. At the very least you will begin to learn to speak the language 2. Be prepared for interviews way in advance. You have very few chances and never know when they're going to pop up. 3. Commit. It is very easy to get sucked into interviewing for PE just because of the earlier and more structured recruiting timeline. It sucks to be the only one without a job when all of your buddies have offers already, but if VC is what you really want to do then you'll have to fight the urge to follow the herd
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