Sweatshop vs First time VC fund
Well, These are the two options I have and I have more or less made my decision.
Just thought this would be an interesting topic to discuss. Hence, would like to know your rationale / point of views
I was in a very similar boat...at the end of the day I decided to say no to the first time VC despite having a lot of interest/internship experience in the space. Mostly b/c I wanted to join a program that felt more established, had a larger team to network with and rely on, & comp was more predicable. Also, I personally feel like there are many paths into the VC space (yes - analyst & associate roles at the famous shops are ultra competitive, but when you look at some of the smaller funds - I mean people come from IB, PE, HF, AM, operating roles, software roles, even government..really anything & everything).
Fair enough.
I made the decision to not join the vc as well because of almost the same set of reasons. However, the hours seem much better with the vc, and hence it just makes it harder to let go..
Both can be good decisions, depends on long-term interests. What's the context?
Sweatshop - a reputable M&A group at a BB/EB or just a mid-tier boutique known for working analysts?
First-time VCs - randos who clobbered together a few mil or strong GPs/angels/operators raising 20m+?
Sweatshop- a tech boutique that works it's analysts
Vc fund : close to 150MM in size. They used to be a part of a Lmm pe fund with 30-40 MM aum till late, and now they got spun off recently. The firm would have like three partners, one IM and one analyst (me). They Coinvested a lot with the likes of sequoia/ bvp a lot before the spin-off, but has never really led a round.
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