Hi all - need some advice. Context below:
I spent 5+ years in top-tier IB doing coverage in a non-tech, 'old world' sector. I left earlier last year as Senior Associate (would've made VP this year) to take some time out, travel and work on pivoting into tech.
I'm at final round for (1) a strategy & operations role at a Series C marketplace startup and (2) a product operations role at a series C fintech.
Both seem cool but frankly I don't which I'd pick it if came to it as I've just not had enough historical exposure to these sub-sectors let alone tech in general...
My question is - (1) which do you think would be better / more interesting generally and (2) which would make for a better VC exit down the line?
One of my many points of contention is that the product ops role would be very 'in the weeds' / data focussed where the strategy role would be more big picture / blue sky thinking (closer to what I'm used to).
Thanks!
Based on the most helpful WSO content, here's what you need to consider:
General Interest and Fit: The strategy & operations role at the Series C marketplace startup aligns more with your IB background, as it involves big-picture thinking and strategic decision-making. This could feel more natural given your experience in coverage and high-level analysis. On the other hand, the product operations role at the fintech would immerse you in the operational and technical aspects of scaling a product, which could be a valuable skill set in the tech world.
VC Exit Potential: Venture capital firms often value candidates with operational experience, especially those who have been deeply involved in scaling businesses. The product operations role might give you a stronger edge here, as VCs tend to favor individuals with hands-on experience in product management, data-driven decision-making, and understanding the nitty-gritty of building and scaling products. However, the strategy & operations role could also be appealing if it provides exposure to a wide range of business challenges and demonstrates your ability to think like an operator.
Sector and Role Relevance: Fintech is a hot sector in VC, and having direct experience in a Series C fintech could make you more attractive to VC firms focused on this space. However, marketplace startups also have their appeal, especially if the company is tackling a unique problem or has strong growth potential.
Skill Development: The product operations role might push you out of your comfort zone and help you develop a more technical and operational skill set, which could complement your existing strategic and financial expertise. The strategy & operations role, while closer to your current skill set, might not stretch you as much in terms of new learning.
Recommendation: If your primary goal is a VC exit, the product operations role at the fintech might be the better choice, as it aligns with the operational and technical skill sets that VCs highly value. However, if you prioritize staying within your comfort zone and leveraging your existing skills, the strategy & operations role at the marketplace startup could be a better fit. Ultimately, consider which role excites you more and aligns with your long-term career aspirations.
Sources: https://www.wallstreetoasis.com/forum/venture-capital/vc-is-a-laughable-shitshow-change-my-mind?customgpt=1, Q&A: Corp Dev > Strategic Finance > VC, Venture Capital Associate Fielding Questions, Best Business Roles at Tech Companies?, https://www.wallstreetoasis.com/forum/venture-capital/corporate-venture-capital-vs-independent-venture-capital-firms?customgpt=1
Honestly, neither are good for an exit to VC given that you're joining a company at a relatively late stage and aren't really building anything. I'd also say that since you spent so much time in IB you're in that weird stage where you're not malleable/cheap enough to be an associate nor do you have the network/sourcing experience to be a principle/VP or higher.
I'd take a step back and ask yourself -- What are you solving for at this point in your career?
You're on the risk averse side of the spectrum if you're looking at Series C companies but it sounds like your goal is to break into tech to create more optionality in a higher growth industry.
If that's the case, then focus on a role that repurposes your existing skills and applies them to the tech industry. The strategy and ops role is the best fit based on the limited info you shared.
Remember, at a start up your #1 goal should be driving impact (measurable outcomes) in whatever way you can. You'll learn, gain more responsibility, and refine your existing skillset 10x faster with this mindset. Once you've proven you're an effective operator it'll open up more options into other roles, maybe even VC.
Source: ER associate -> late-stage VC -> founder (series B)
That’s super helpful, thank you!
Re these being late stage companies - totally appreciate that. The issue is I’ve found series B or earlier companies just don’t seem to be willing to take the risk on an ex-banker type profile. I’ve talked to a bunch and the conclusion has always been: “we’re a small team, we need something with tangible previous experience in tech / building something”
Re focussing on having measurable outcomes / working on product - surely the product ops role would provide more opportunity to do this? I’ve heard product ops can be a good Segway into product management roles down the line
What would you say are potential career pathways with both of these roles?
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