Tech Banker to Startup Founder to Tech HF Analyst

I started out of school (Ivy) in TMT at GS, as an analyst. Left GS after analyst program (2 yrs) to start a software company. Did that for 5 years, raised capital, did 'ok', but certainly didn't become what I'd planned. I've spent last 5 years in Tech / startup world, and now I want to move into a Tech HF research analyst role (not VC or growth equity). Am I looking at a 'natural progression' in terms of how funds see me, or am I going to be having to fight for opportunities bc I'm not coming right from an equity research role? Or am I going to be ok because I've got the modeling background and now the industry expertise? (industry expertise is pretty extensive) Any tips or thoughts on this appreciated.

14 Comments
 
theworks9Can definitely see your experience being very valuable to funds. You have the industry expertise and probably tons of contacts in tech as well as the valuation skill set. I assume you'll likely take a pay-cut at first. However I think it will be important to have a solid reason why you want to be a public equity investor...business school is also an option
Awesome, thanks. I appreciate that. You mean a pay cut from startup? Or banking? I imagine I'll make more than I am working as a startup founder....:) thx again, I appreciate your taking the time for input.
 
SA101I feel like VC will be the perfect place for you, not sure why you're only interested in HF.
I feel like the VC community is crowded and the competition for the few good deals is insane and goes to the same firms. I like the fact that HFs (and thus public co's) offer a much much broader universe of possible ideas, and all you need (at first) is to dig in to the info on your own (instead of engaging with the co's / mgmt in order to even get started)
 
Best Response
Mr. Pink Moneyhttp://pandodaily.com/2013/02/07/top-hedge-fund-coatue-launches-300m-va…

You're employable but you'll need to be proactive networking. Find 5 TMT stocks between $1 billion and $20 billion you think would be interesting investments. Look at their shareholders and that should give you a good starting point of HFs to shortlist.

If you plan on networking (which im sure you will have to) have 1 or 2 write-ups prepared to show these guys how you think, that you can do the "Analyst" work with relative ease, and that you are actually interested and not just looking to get paid.

There is an easier way to find Tech Focused funds... Hedgetracker.com has a break out by strategy and by region of fund, take that info and cross reference with linkedin. See if you know anyone via alum, friends, etc

 
Mr. Pink Moneyhttp://pandodaily.com/2013/02/07/top-hedge-fund-coatue-launches-300m-va…

You're employable but you'll need to be proactive networking. Find 5 TMT stocks between $1 billion and $20 billion you think would be interesting investments. Look at their shareholders and that should give you a good starting point of HFs to shortlist.

Thanks a lot. Helpful. I love digging in, and get in the groove quickly. The hardest thing for me seems to be narrowing down the scope of ideas to dig into. Just grabbing CSCs helps a lot, looking at lists of recent IPOs etc. Any other tips? Thanks again

 

it looks like de shaw is hiring in their long short tmt group...they have a posting on their website. worth a shot, they sometimes like people with unusual backgrounds

 

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