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?
The same, I've seen maybe 1-2 opps. Emergence just hired a principal. Heard CapitalG hired in the fall.
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Crap. Also consider the rationale of making the move. There are no deals happening. Nada
I’ve been looking for growth / late stage venture associate opportunities for 2025 and haven’t been able to see much
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All downstream of fundraising ability. Most funds made poor decisions in the 2020-2022 bubble, and hired aggressively to support larger fundraises. If the funds in question are now struggling to raise a new fund, natural that hiring market would suck.
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Bumping...in growth equity at least for me, still quiet
Really slow - have been looking for 6+ months
Don't want to brag but got my first inbound from a headhunter this week in roughly a year
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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.
Do you mind DM'ing the name of the fund or the sector? Happy to trade notes.
Agreed I’ve seen much more interesting and high quality opps from the headhunters this past month. Used to just see smaller funds in T2 cities.
Similarly would definitely interested if you could DM any VP / Principal opportunities you're seeing. Happy to trade notes.
Do you mind sharing as well? Or is this for VP/principal?
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In the last two weeks I've seen things pick up a little bit, not at truly late stage places but multi-stage (e.g., anywhere in the A-D range). No recruiter inbound but have had a couple of interesting conversations in-network with some openness to considering a new add, but not necessarily super active.
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.
Where are you seeing these roles? Categories of firm and recruiter?
Roles are from headhunters or folks in my network. When I was in banking I worked with Ratio, Gold Coast, Glocap, CPI (less useful), DSP (useful for x-over) primarily
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