Possible from Corp Dev & Strat Fin to VC / Growth?

Based on the most helpful WSO content, your background is not only viable for a transition to VC or growth investing, but it also offers a unique narrative that could work in your favor if positioned correctly. Here's why and how you can approach it:

Why Your Background Works:

1. Diverse Experience Across Finance and Operations:

   • Your time in Tech IB and MM PE provides strong transactional and analytical skills, which are highly valued in VC and growth investing.
   • The operational exposure at the PE PortCo and your current Corp Dev/Strat Fin role at a Pre-IPO software company demonstrate your ability to understand businesses at a granular level, including scaling, strategy, and execution. This is particularly appealing to VCs and growth investors who prioritize operational insights over pure financial modeling.

2. Relevance to VC/Growth Investing:

   • VCs often look for candidates with industry-specific operating experience, especially in tech. Your Pre-IPO software experience aligns well with this.
   • Growth investors value professionals who can evaluate scaling opportunities, which your Corp Dev/Strat Fin role likely involves.

3. Networking Opportunities:

   • Corp Dev roles often involve interactions with VCs, PE firms, and other institutional investors. Leveraging these relationships can help you break into VC or growth investing.

Addressing Recruiter Concerns:

• Narrative Framing:

  • Highlight your end-to-end exposure: deal execution (IB/PE), operational insights (PortCo), and strategic growth (Corp Dev/Strat Fin). This positions you as someone who understands both the financial and operational aspects of scaling businesses.
  • Emphasize your passion for early-stage or growth-stage companies, backed by your experience in tech and software.

• Overcoming the "Non-Traditional Path" Perception:

  • While your path is less linear, it’s not uncommon. Many VCs value diverse backgrounds, especially those with operational and strategic experience. Focus on how your varied roles have prepared you to add value to portfolio companies.

Actionable Steps:

1. Leverage Your Network:

   • Use your current Corp Dev role to build relationships with VCs and growth investors. Attend industry events, reach out to contacts, and engage with investors you interact with professionally.

2. Target the Right Firms:

   • Early-stage VCs and growth equity firms often prioritize operational experience. Focus on firms that invest in sectors where you have expertise (e.g., software/tech).

3. Prepare Your Pitch:

   • Be ready to articulate your story clearly. Focus on how your unique combination of skills (deal experience + operational insights) makes you a strong candidate for VC/growth investing.

4. Consider Strategic Finance as a Stepping Stone:

   • If your current Corp Dev role involves strategic finance, it’s a great way to deepen your understanding of scaling businesses, which is highly relevant for growth investing.

5. Explore Tech Banking as a Backup:

   • While going back to tech banking is an option, it might not be necessary. Your current trajectory already aligns well with VC/growth investing, and a return to banking could complicate your narrative further.

Final Thoughts:

Your background is compelling for VC and growth investing, especially if you can effectively frame your narrative and leverage your network. Focus on building relationships with investors, targeting firms aligned with your expertise, and showcasing your operational and strategic insights. With the right approach, your transition is absolutely achievable.

Sources: Breakdown of Post-IB Exit Opportunities, Corporate Development: My Experiences and Background, Corporate Strategy vs Corporate Development, The Other Road: Corporate Development Associate Fielding Questions, Q&A: Corp Dev Professional at Large-Cap Tech Company