How to do VC on the side?
Hey all,
I'm currently wrapping up my associate years in MF PE and now heading to B-school. My experience thus far has been in tech and industrials and I hope to switch to LO/HF post-MBA, or maybe stay in large-cap PE.
I want to be involved in VC long-term, probably not as a day job but more like angel investing on the side, doing workshops with startup incubators, maybe advising for an early-stage VC firm. I know I'm pretty junior for this now, but I'd love to work towards this over time. I just think the space is really fascinating and I'd like to give back later in my career.
Any ideas on how I can get involved that aren't too time-intensive?
Based on the insights from Wall Street Oasis, here are some strategies to get involved in VC on the side while managing your career transitions and educational advancements:
Angel Investing: Start small by investing in startups that align with your expertise in tech and industrials. This will allow you to leverage your background while exploring the VC world without a significant time commitment.
Networking: Build relationships within the VC community. Attend industry events, workshops, and seminars related to VC and startups. Networking is crucial in the VC world, as many opportunities come through personal connections.
Join an Incubator/Accelerator as a Mentor: Many incubators and accelerators look for industry professionals to mentor their startups. This can be a great way to get involved without a heavy time commitment. You can share your expertise and learn about early-stage investment simultaneously.
Educational Content: Since you're heading to B-school, take courses related to entrepreneurship and venture capital. This will not only enhance your knowledge but also expand your network in the VC sector.
Virtual Advisory Roles: Consider advisory roles for early-stage startups or VC firms. These roles often allow for flexible involvement, which can be managed alongside your studies and career transitions.
Stay Informed: Keep up with the latest trends and news in the VC industry. Reading books like "Venture Deals" and following relevant blogs and podcasts can provide insights and keep you connected to the industry.
By starting with these manageable steps, you can gradually build your presence in the VC world while balancing your main career and educational pursuits.
Sources: Want to build a startup & raise some money? Part II, VC startup idea - PE or VC interest? Are these numbers viable?, https://www.wallstreetoasis.com/forum/venture-capital/early-stage-vc-101-5-questions-you-better-be-able-to-answer?customgpt=1, Way too early for a promotion? - Advice, unexpectedly became a 1-man VC. Now what do I do?
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