Are unicorns real? I’m not convinced

I wish I could delete this post I don’t understand why this site wouldn’t have a function for deleting posts so I need to type drivel here. Anyways how’s everything going?

 

Hey aka1, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:

More suggestions...

Fingers crossed that one of those helps you.

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I think when it comes to making the leap to VC, you should think about it differently compared to traditional finance. Professional credibility doesn't come from alumni school/MBA degrees like it does in IB/PE. I've seen senior figures on my team weigh their decisions on hiring based on previous track record, industry sector expertise, and potential network. This is especially true if you go for an early-stage fund.

My advice would be to get involved early and start building your network in this space. Maybe its simply going to startup/sector meetups in your city for startup founders. Maybe it's taking a role at an accelerator that puts in you contact with investors and funded founders. Like I've said in other threads before, getting an MBA isn't a surefire silver bullet to get you into a cottage industry like VC.

 
BangarangPanda

I think when it comes to making the leap to VC, you should think about it differently compared to traditional finance. Professional credibility doesn't come from alumni school/MBA degrees like it does in IB/PE. I've seen senior figures on my team weigh their decisions on hiring based on previous track record, industry sector expertise, and potential network. This is especially true if you go for an early-stage fund.

My advice would be to get involved early and start building your network in this space. Maybe its simply going to startup/sector meetups in your city for startup founders. Maybe it's taking a role at an accelerator that puts in you contact with investors and funded founders. Like I've said in other threads before, getting an MBA isn't a surefire silver bullet to get you into a cottage industry like VC.

I have heard this from a few that networking at start up events... You think its worth going to a major event like TechCrunch disrupt or something just for the experience ?

 

Techcrunch Disrupt isn't a bad conference to attend, but its very generalist. I would encourage you to look for a certain sector that you're interested in, and go to a more specialized conference that covers a certain topic like digital health, climatetech, deeptech space, cybersecurity, etc. Big conferences attract a lot of junior analysts from like Insight Partners or Bessemer because the partners can't be arsed to check out the show floor. On the other hand, specialized conferences are more intimate and you're more likely to make connections with future co-investors and decision makers.

tl;dr The more specific the conference, the smaller the attendance and the more likely you are to make an impression on folks that are big players in that space.

 

It is always better to have some VC-related experience, if you still have some time left, trying to get some internship experience from a startup (sales, product management, etc) and then lateral to a VC internship. If it's time-pressing, go and get a VC internship. It seems that your past experience would be quite helpful if you apply for growth equity internships, similar to VC but they only focus on late-stage companies as they emphasize more valuations. my 0.02

 

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