Lateraled to another growth equity fund over the last 12 months. Moved from Sr. Associate to VP.
I previously posted a Q&A here.
Happy to answer questions without going into too much detail about myself.
Always enjoyed the insight I was able to gather here, and so trying to pay it forward.
No problem.
1) It is not absolutely necessary. I know plenty of people who covered other industries in IB before getting into tech growth equity. It helps, but definitely not required. You do need to articulate why you want to get into the specific industry. And really, why growth equity vs. LBO shop, why this stage of fund, etc.
2) Associate hires come from various BBs and boutiques.
3) No preference.
If you’re going to another shop, particularly if at a bigger shop, it’s better to get in at VP vs. Sr Associate. VP is a hurdle that’s harder to get over, and you’ll expect the next couple of years worth of tenure will likely be more certain.
More likely for you to break in for a pure sourcing position, otherwise it’s hard.
Different topic - don’t use acronyms with people who may not know what they mean. ICould make the other person feel stupid or just not know what you are talking about. I had to look up what FAANG meant just to tell myself I should have known what that meant...If you’re talking to a owner of a family run business who doesn’t know squat about PE or anything like that, may turn that person off. Sourcing 101.
@ilc22" don't use acronyms with people who may not know what they mean. ICould make the other person feel stupid or just not know what you are talking about. I had to look up what 'PE' meant just to tell myself I should have known what that meant...
I didn't mean to sound like an ass. Yes, PE is an acronym but this is a finance oriented forum. I genuinely did not understand what FAANG means, and only brought it up as a point for sourcing, which is relevant to this topic.
Didn't think people would get butthurt over this...
How the fuck do you work at tech growth equity and not know FANG