Growth/VC Firms with 55-65 Hours that Hire out of Banking?
Over the course of my internships, I've realized that I heavily prioritize WLB and short work hours. However, I still really enjoy investing, and I think I would wanna be on the private side. I realize that most PE roles wouldn't fit what I want, but I've heard that Growth/VC firms have a lot better WLB.
What firms out there would have max hours of 50-60 a week that hire out of banking programs?
Pretty much all of them meet your two criteria, but don't just go into Growth because "the hours are better". It is a very different type of investing.
Thanks! I'm interested in early stage investing anyways. Do none of them really ever exceed 60 hours?
All anecdotal, but I have tracked 9-9 M-Th, 9-7 F. In a real sprint went 9-2 M-Sa for a month.
Megafund platforms way more. Small shops less. Sourcing shops even less.
Work at a $10B+ AUM vc, typical hours are 8:30 - 6ish. If there’s a deal we need to bid on that’s pressing, maybe a bit longer no later than 8 tho. But mostly depends on where the fund falls on the sweaty SF/NYC/Sand Hill-to-SoCal dudes who microdose acid and use tarot cards for DD scale. If the fund is closer to the latter, probably no office and might just use teams for a couple hours a day to communicate your “DD” (founder vibez check) to your GP whose in saint-tropez. Really just depends on what you want/where you can get into.
Ah nice, that's helpful information to have. Any thoughts on hours at on ICONIQ, Valor Equity, Meritech, CapitalG?
Those are all gonna be heavily skewed towards the sweaty side. So probably 8:30 - 6:30 7 usual day. But good luck getting a job at IQONIC it’s one of the hardest shops to get into in finance I’ve heard. General rule of thumb is the earlier the stage the more relaxed “founder vibez” atmosphere you’ll get. So like pre-seed - B/C. As you get into the firms that invest series C/D/beyond to growth buyout it’s more bureaucratic like traditional PE. Reason for this is there’s nothing to judge early stage startups off of besides, well, vibez. As you get later in stages there’s tangible financial statements that you can make a “diligent” investment decision with, but still firms are still basically just slapping 20x revenue multiples on these company’s to value them, so still founder vibez up to series B imo. But once you’re at series D+ and can do somewhat legit modeling, you need more of a team, in turn creating a more bureaucratic fund.
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