How is hiring in growth equity / late-stage venture right now?

Anyone recruiting or work in growth equity / late-stage venture currently? Does it seem like things are looking up, about the same, or worse than 6 months ago from a hiring perspective?

 

Got my first reputable tier-one opp from Henkel a couple weeks ago....no follow-up of interest. Growth equity. 

First of those in probably...9+ months lol. Competition is extra fierce right now is my read. Hopefully more start popping up. 

 
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My 2 cents coming from well-ish known series a/b fund: venture recruiting is strong right now if you're (a) in the industry already or (b) in banking or consulting at a feeder (GS TMT / MS tech / Qatalyst / Bain's SF PE group). Reality is a lot of firms over hired, are flushing out the weak talent right now at the principal / associate level, and need to backfill those spots with either (a) high performing early-career investors who can hit the ground running with sourcing [for sr. aso or principal roles] or (b) sharp kids coming out of banking or consulting with high probability of being good enough for a year or two and medium probability of being good longer-term [for aso roles]. 

The problem with PE hires is they're great at modeling but have no sourcing chops and are expensive as hell. Why hire a PE associate who's really good at LBOs but has never spoken to a founder in their life vs. a venture associate who knows how to grind out sourcing? Unless you're making $$ off of gnarly structured deals, the venture associate / sr. associate / jr. principal who's expensive but knows how to source OR the banking / consulting analyst who's cheap and malleable will always be the better hire than the PE associate. 

 

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