IBD -> Tech Start Up, Corp Dev ->? PE/VC/...
Good Afternoon!
$1million question: What are my exit opportunities after c.1-3 years in corporate development in high growth, super well funded, hardware start up?
My CV: - 3 years industry coverage in the same industry as the start-up in a - tier 2 BB - degree in engineering
Current end goal: Owning my own business. Doesn’t really matter in what, as long as I own the equity. So would be equally happy with owning a strategic or being a partner in a fund.
Background: Until now I always focused on exiting to PE as it would be quite helpful to pursue my end goal. I have been quite successful in interviewing (few final rounds) in upper MM PE, and I’m confident I would get a role in the NTM. Now, I came across a corporate development role in a start up and because I just love the industry and start-up I applied for the role.
The start up: “sexy”, very well funded, high growth, product will hit the market +2020, have been hiring leadership from the top global Tech businesses
The role: Corporate development, reporting in to the head of corporate development (guy with 10 years of experience who reports in the CFO). Tasks would include: company strategy (sales, marketing, roll-out, …), negotiating with potential industry partners and regulators and at a later stage M&A. Pay: unclear yet, but probably 50% of a PE/IBD associate role, but including some equity
Reasons why I consider it: Learning a totally new skill set that is valuable in any business, this start-up has the potential to become the next Tesla, great way to meet entrepreneurs, investors and like minded people
Question: I’m I being too emotional about all of this? Maybe I should just stay on my trajectory to PE associate at a respectable fund. Or… Clearly I’ll learn a lot! And spending a few yrs at a “sexy” start up could be incremental to my career. Side questions: In 1-3 years, would my profile still be of interest to PE? VC? If so, would I start back at Associate 1 or would the years be valued?
Any advice would be helpful.
Hi IBD2EQUITY, don't worry, the WSO Monkey Bot is here.... I'm hoping one of these links will help find your answer:
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Super thanks WSO Monkey Bot, very helpful
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