Sourcing in growth equity
Hi everyone,
I have an opportunity to be a “business development” rep for a growth equity shop. I was wondering if anyone knew what the exit opps are and if this would set me up for a good MBA program.
Thanks
Hi everyone,
I have an opportunity to be a “business development” rep for a growth equity shop. I was wondering if anyone knew what the exit opps are and if this would set me up for a good MBA program.
Thanks
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Bump
I mean, you'll get out of it what you put into it with a job like this. Sourcing is a job where it's pretty easy to do the bare minimum but pretty hard to do it well, so your future prospects depend on where you fall on the spectrum.
To illustrate each extreme: the low-IQ motion would be email-blast people from a list, make no effort to research the companies / segments, only respond to prospects who are easy to engage with, and just repeat back what they say verbatim to IC (or whoever). High-IQ motion is to be deliberate about the segments you go after based on outside-in research, make an effort to get in front of the leaders in the segment, and build a relationship strong enough that you're in the driver's seat for whatever they look to do in the future.
There's no guarantees with either approach (low-IQ squirrels find nuts from time to time too), but I guarantee taking an approach like the latter increases your likelihood of success + increases your probability of impressing AdComs.
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