Sourcing exit opportunities (growth equity and/or VC)

Does anyone have any thoughts on the exit opportunities from highly sourcing based roles that are common in growth equity and VC (e.g. Spectrum, Summit, TA, Battery)?

Specifically as it relates to:
- MBA opportunities (are you still competitive for top 7 MBAs, or is McKinsey/Bain/BCG a better platform?)
- Promotion opportunities (can you still make partner after an MBA?)
- Does it set you up well for leadership in other companies?

Basically, the daily-life of sourcing-heavy roles actually appeals to me, but I want to be sure to not shoot myself in the foot in early career.

 
 

also interested in MBA placement for growth equity sourcing roles out of undergrad

 

From the firms you listed, exit opps are superb and you'll have the ability to stay in MM PE / growth equity, move to VC or startups, etc. The only thing is that for the megafund / UMM PE shops, you might have a tougher time getting interviews there, unless you're interviewing at the megafund growth arms (like a KKR Growth, BX Growth, etc.).  

TA & Summit also place lights out into HSW from what I've seen (friends at each firm). Not sure about Spectrum or Battery on this aspect.

At the end of the day, the firms you listed are four of the most highly regarded growth equity firms out there. You'll have no problem leveraging the experience, even if it is sourcing-heavy, into other roles. I also wouldn't discount the value of sourcing as a skill. It's something very few 25-year-olds in this industry are able to do, so if you can learn how to do it well in your 2-4 years at one of these firms, that's a huge plus when you're interviewing elsewhere.

 

JMI is on the same level as TA / Summit / Spectrum / Battery. One of the top growth equity shops. Heard good things about the culture but that was 3+ years ago, so things may have changed. Only thing is if you don't get an offer in their San Diego office, you have to live in Baltimore...

I've heard really good things about Lead Edge so I assume that the experience is well-respected. I've always considered them to be more VC than growth equity, but the line between the two is often quite blurry. 

Hope that helps.

 
Most Helpful

Adding on to this, interviewed for both and know people at both. Lead Edge is definitely a top growth equity shop and growing (used to be more VC focused but now do a lot more growth), especially after the recent fund raise putting them at $3b AUM and the small investment team. I heard experience is great as it is sourcing and investment due diligence on sourced ideas with potential board seats. Comp is quite high and room to grow at the fund is great as well. Most of these shops are super selective and if you want to stay in growth equity/tech investing in the long term I would pursue these opps in a heartbeat.

 

My thoughts are that the majority of people get into finance for all the wrong reasons -- especially PE.

This is addressed to OP @myoldcheese:

If I were a "consulting analyst" (big 4?) that wanted to become a partner at any PE outfit, I would screw my head on straight first and figure out what path I'm actually going down. Big 4 consulting -> Growth Equity/VC seems asinine. Big 4 "consulting" -> Big 3 management consulting -> growth equity is OK, but still tells me OP hasn't thought any of this through.

If he's dead-set on dying on the consulting hill (if you're not big 3 or big 4, OP I would quit right now): that's just to break into PE, from a non-cookie-cutter background.

MBA/promotion opportunities, why? Why do you want those, OP? Are you trying to build a stable career for your future? Don't go into PE/VC just because it's sexy and makes people a lot of money -- you'll fail. You'll end up like all the rest of the dead bodies that could never break out of associate/senior associate, because they treated it like a job, instead of a performance sport. 

> Promotion opportunities (can you still make partner after an MBA?)

> Does it set you up well for leadership in other companies?

The only reason I'm even replying is because of a personal pet peeve, but OP, you are braindead and will fail to make a name for yourself in a sourcing-heavy role. 

The complete lack of initiative to do even the bare minimum amount of research and thought is all I need to know.

If you somehow manage to scrounge up two working brain cells, then yes the soft skills you've made will let you diagonal your ass into any fucking position you want, including partner: "hey boss man, you know I keep bringing in these fucking deals? I want a real piece of the pie." Why is he going to say yes? Because if you can convince shareholders and neurotic potential LPs to collaborate with a troglodyte and his firm, then you can grasp the world by its hairy fucking balls and claim them as your own.

I just got my dick sucked under the desk, and yet I'm still irate. What a stupid fucking question. 

 

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