Q&A | Associate, CVC | +5 years in Real Assets PE and VC
Hey WSO! hosting a quick Q&A. I'm currently an Associate at a Corporate Venture Capital firm with +5 years in Real Assets Private Equity and Venture Capital.
Brief background:
• Path: intern / analyst at a PE boutique → sr. analyst at the largest financial services firm in my country → associate at a CVC (machinery manufacturing company).
• Focus: origination, execution, sector coverage (mining and energy).
• Typical work: deal sourcing, screening, building relationships, due diligence, portfolio mgmt., value creation and stakeholder mgmt. (C-Lvl).
• Current priorities: strategy and deals.
I’m happy to answer questions on technical skills (modeling, startup analysis), day-to-day responsibilities, and exits into corporate roles.
Please leave your questions below.
It looks like you're referencing a Q&A session hosted by an Associate at a Corporate Venture Capital (CVC) firm with experience in Real Assets Private Equity and Venture Capital. Unfortunately, the specific details or questions from that session are not included in my knowledge base.
If you have a specific question about the topics mentioned—like technical skills, day-to-day responsibilities, or exits into corporate roles—feel free to ask, and I'll do my best to assist based on the most helpful WSO content!
What’s your total comp split out by base + bonus? How do you feel about a longer term career at your shop given no fund economics?
Many CVCs are limited in their investing to companies where there is a potential commercial relationship on top of a deal, and are not allowed to invest purely for financial returns. Is your place set up this way? If so, how do you feel about that? Seems like you could be turning down good deals.
My total comp is divided as follows: 77% base salary + 33% bonus. I don't expect to stay here in the long term considering the current status of the company, so I don't see my current compensation split as an issue. Regarding your question, yes. The CVC I work was configured as a strategic one, which has pros but a lot of cons: an investment committee formed by all the members of the C-Lvl. (including the hater ones), almost 100% dependency tied to the business units, overlaps with the OEM (in my particular case), among others. Additionally, currently we are in a succession process which originates a high probability of shutting down the CVC. Other than that, It's a cool experience and very stimulating, talking with entrepreneurs, VCs and corporates in the mining space. I don't see myself here in the long term, but I'm enjoying it.
Do you have plans of eventually becoming partner in another firm in the future?
I don't think so. VC is very scarce in my country, and most of them are focused up to seed investments. I prefer later stages. Since I've working in mining I'd like to work in a specialized fund either VC / CVC or PE like RCF, Appian, Rio Tinto Ventures, among others. Obviously after finishing an MBA program.
I've got the chance to start as an analyst at a corporate VC in the Bay Area, and I'm trying to figure out what gives me the best optionality for career progression over the long run. Does staying on the investing side at a CVC set you up better, or does it make more sense to go operate at a high-growth startup that can pay more? I keep going back and forth between building the network/credibility you get from investing versus getting real hands-on experience actually building something. How are you thinking about that trade-off in this market?
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