I am currently a first year analysts at a decent MM IB who has always dreamed of being a VC or starting my own thing. Recently, I've been presented with the opportunity to do the latter from a buddy of mine who had already exited a semi-successful venture backed startup as its co-founder.
He would like to bring me on as his co-founder for this new venture which I have high conviction in and am excited about. The thing is however, I feel like I have no safety net should things not work out. Unlike him (rich parents, very well plugged in the venture scene) I went to a non-target, grew up poor, and don't have an extensive VC network. I am beyond grateful for my current gig, although I am tempted to jump at this opportunity. Given the high probability that this wouldn't work out, would an associate role at a VC be within reach if we raise a seed (and ideally beyond that) round and do something material with the company? I'm just trying to imagine what I would be able to do after should things not work out given I only have ~9 months of IB under my belt.