Comments (21)

 
Mar 23, 2007 - 1:55am

There was only one undergrad I have ever heard of getting an internship at a VC firm. This kid was top of his class at Cornell, and had a lot of connections, and did an internship at Sequoia, if I'm not mistaken.

Either way, I agree with Seanc. If your dad isn't Mike Moritz, or doesn't know him very well, I wouldn't count on it.

 
Mar 23, 2007 - 11:54am

Would interning with a VC as undergrad be a good experience at all? It seems that the top VC guys all have strong technical/engineering backgrounds or industry experience. Seems like it would be a disadvantage in the long run going to straight into VC.

 
Mar 23, 2007 - 5:25pm

When I was a junior and interested in VC, I spoke to a partner at Apax and he told me the traditional route of working in the industry for a while, going back to school and getting an MBA, then applying for a VC job is the best.

If you're picked out of UG, chances are you will be doing grunt work and what's worse is you won't understand half the shit you're working on, especially if you don't have an engineering background. VC is a very small community and the best positions are landed through networking, not resume drops. Industry knowledge is key, and I guarantee you won't be taken seriously in the long run without it. Unlike Banking, it's not just about banging out deals day in and day out.

 
Jul 5, 2007 - 11:52am

Does anyone know about hiring full time undergrad's in the Boston area? I know there a ton of Boston VC's and some do have analysts, I think some firms with associates are straight out of undergrad, but anyone know of which firms? I see VC as an ideal field. Interesting job in terms of deals but great hours too. It would be the road I would take but it is so difficult to break into.

 
Sep 14, 2007 - 2:23pm

Yes, you're rushing yourself. Give yourself some time to build a track record (the operating model stuff sounds pretty awesome) and they'll trust you with more stuff.

Also know that there's very little 'finance' heavy stuff in VC. Lots of sourcing, market sizing, business model feasibility, etc. As a VC intern I helped predominantly with sourcing, and assisted with some research efforts on industry potential and stuff like that. I did very little finance work.

 
Sep 14, 2007 - 2:24pm

I'm in GE and my job is very sourcing heavy with a lot of research, and the CAP table will be very useful if you're trying to get into GE/VC. However, if you do not get more "quant" experience, and you're trying to stay in VC, then you should be fine as long as you can explain the process of the deals, strategy of the firm, communication skills, and how you would value or invest in a company.

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