Life in VC and the future?

Can anyone please speak to what life in VC is like post MBA? I know that some of this information can be found on glassdoor etc but I’d really like to hear directly from people in the know if at all possible. A lot of information on the internet is outdated. I’m keen to understand what the average hours are like per a week, how much work outside of core work hours is there, how often are weekends worked, how much vacation (holidays) one gets, employee benefits etc. What is job certainty like? Is it a job where people regularly get fired? How hard/ easy is it to transition between funds and to find jobs outside of VC if one’s career is not progressing? 

Finally what’s the future of work in VC? Are financial careers in VC likely to remain lucrative in the coming years? 
 
Also would be great to hear both the American and the Australian perspectives (if there is anyone with experience working in Australia).

Most Helpful

Deal flow comes and goes, sometimes it's more busy, sometimes (ie during the pandemic) it was fairly quiet.
- your network is super relevant
- it is useful to know tech in your space, or at least to the extent you understand the details
- Hours vary, sometimes I work weekends, but not that often
- there is some travel, site visits, meet startups, partner firms, .. I like this a lot
- it is important to get along with your team, more so than in regular banking jobs. VC is often smaller.
- exit opps... hmm.. that's a bit tricky. i don't think big corporate environments would want me back after all the VC years. a fund might. I don't want to exit to a startup, not something I am interested in.

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