Anyone familiar with YipitData? Reputation/potential exits?
Hi All,
I just did an introductory interview with YipitData, and it seemed to me like they were doing some interesting work with alternative data. Can anyone give any more insight into what they do and their reputation among investors? How are the exits? Would it be worth it to leave a FO trading analyst role at a lower tier bank for them?
Thanks!
Disclaimer: I'm a current employee, moved to YipitData from an associate level equity research role at a bulge bracket investment bank less than a year ago, now working in a research role at YD.
I really enjoy my seat, there are a lot of similarities with a traditional investment research provider, but in a startup-esque atmosphere, & working in the alternative data space creates a lot of opportunities to do analysis on topics you're otherwise making blind guesses on in a sell side (or buy side) seat. YipitData's growing very fast and has one of, if not the strongest reputation in space. It's generally positioned itself as a premium provider versus its competitors, providing deeper coverage and more accurate data on fewer names rather than a more hands-off approach to covering as many stocks as possible - which also tends to make the work more interesting & rewarding as an employee.
Most but not all of my former coworkers & classmates from my BB ER class that went to the buy side are familiar with Yipit, and a handful of them are clients. Awareness tends to vary by coverage universe (very well known among investors in TMT and similar spaces where alternative data coverage has lots of overlap, less so for investors focused on Industrials, Utilities, traditional Financials, etc.). Given how quickly the company has grown and pretty low turnover, I don't personally know a large number of people who have left for exit opps yet, but the few I'm aware of seemed to have had strong options similar to what you'd have in the equivalent traditional role at an investment bank or research shop (HFs, other buyside investing roles for research, S&T and client strategy roles for sales, etc.). Those who aren't in research/S&T type roles would probably have exit opps skewing more toward other corporates, tech, startups, etc.
Hard to give advice on if it's worth it for you personally, but I'm really happy I made the jump so far - vs my old job it's has been similar but more interesting work, infinitely better culture and work-life balance, and much faster advancement opps. The interview process for most roles is pretty thorough and you'll get the opportunity to talk to a lot of people, so you would probably have a pretty accurate picture of the company and if it's a match by the end of it.
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