If I took a startup accelerator instead of an investment banking internship for the summer, would I be screwing myself for full-time ib recruiting if the venture implodes?
I have past corp. fin/strategy and investment banking internships already, but this startup accelerator seems almost once in a lifetime opportunity. But I also have a lot of student debt, so if this venture doesn't pick up I'd rather do full-time corporate recruiting.
Advice much appreciated. I'm losing sleep over this decision and I could really use some additional input.
Best, BankingWaffle
Honestly, if I had confidence in my start-up (which you should), I would just go for it. You're obviously smart/driven/capable enough to do IB if you have past internships and got yourself into this accelerator program. Plus, I'm sure some recruiters may look at that experience as a positive.
Also, which are you more likely to regret? Not pursuing your own idea/business that has the potential to alter your life? Or giving up one summer internship? The debt part throws a wrench in everything, but I'm sure you figure it out.
Good luck in whatever you choose, they're both great options.
Go with the startup, bro. You wanna be able to look back and say at the very least you gave it your best shot. Ya never know, it could get huge. And if you've had prior IB internships, it's a no brainer. Go with your gut while you're still young and can take the risk
If you are very confident in your start-up, I'd go for it.
Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;
Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same,
And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.
I shall be telling this with a sigh Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
but TBH Pac choose the road less travelled (west side road) while biggie did not (east side road), but they both got shot anyway...so does it reely matter which road they took? somethin 2 consider, op.
BankingWaffle, I actually went to a start-up directly out of school and transitioned into IB a year later.
It's not the easiest move, but you definitely can leverage the start-up experience.
What is the role at the accelerator? What have they ACTUALLY done so far? Have you talked with them about permanent hires? More info is needed...
Having debt is a double edged sword: you don't have the same appetite for risk, but when you do make a move you're more comitted because THERE IS NO FAIL OPTION...
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