Consulting to VC - Would You Take It?
Hi all,
I'm in need of some career advice. I recently started as a mid-level experienced hire (3-4 years experience) at a reputable consulting boutique (Altman Solon/Kaiser Associates/Marakon/Mars & Co) and have an opportunity to move to VC. The VC fund is a very small shop (<10 people) focused on 2 key industries, one of which is my specialty. The long-term plan (5+ years from now) was to move into investing anyway, so either PE or VC, and am wondering if I should take this opportunity now.
On one hand, I do not have any real reason or strong desire to leave my current firm; next level up would be EM and that would be in 12-18 months. On the other hand, since investing is what I want to do long-term I shouldn't throw away an opportunity to enter that field now and could potentially lateral to other firms down the line. The VC fund would offer a 7-15% base salary increase and potential for carry on top of a performance bonus. The promotion to EM would see my base increase by about 20%.
Would it be smart to move now?
Thanks!
If you're interested in VC and there's an option to stay at the firm beyond 2 years, I'd take it. The 7-15% bump sounds small coming from consulting? Would you mind sharing a comp range and market (VHCOL/ MCOL)?
Base range is $90-100K right now. Both positions are in a VHCOL place (NYC/SF/LA).
That's base for your current role or the VC one (ie. VC would be 90-100k + 7-15%). Either way, unless bonus is 100%, it seems low for VHCOL. But I'd still take it if there's an option for you to stay post 2 years
VC if you love VC and it’s not just a 2 year role.
Based on what you have described, it seems like making the move to the VC opportunity you have or a similar one.
My understanding, especially if the VC firm has a couple of core sectors, you’ll still get to do market mapping, trends, understand value chains that you probably did in your consulting role.
Exactly same situation here in Europe. What did you end up doing? What should you prepare for IM interviews.
As I've said before, you need to self-assess whether you're interested in investing vs consulting. Take the money out of your decision, especially considering you're just above flat at the VC firm. This is a more fundamental decision which should be predicated solely on your interests and what you see your future in.
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