Growth Equity / VC Recruiting (On-Cycle)

freefly716's picture
freefly716 - Certified Professional
Rank: Baboon | banana points 138

Any idea when the large growth equity / VC shops are kicking off processes (especially on the west coast)? Aware that TA & GA have gone, and that Sapphire kicked off its process this past Friday. Any idea when the Accels / Accel-KKRs / KPCBs of the world are going to go? Heard it will be in the coming week.

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Comments (8)

Jan 8, 2018

Hi freefly716, any of these threads helpful:

Maybe one of our professional members will share their wisdom: @greenymick @Diana-Bald @Binders

If those topics were completely useless, don't blame me, blame my programmers...

Jan 8, 2018


Jan 8, 2018

You've pretty much answered your own question. Tech and healthcare groups at BBs and elite boutiques have the best opportunities. Groups are typically in the SF area or in NYC, so SF and Boston VCs reach out. Regarding aligning your interests with those of a VC if not in a tech or healthcare group, I think it's easier to do if you're gunning for PE. Comp Banker, for one, was in healthcare at a MM bank and jumped to a MM PE shop as a generalist.

Jan 8, 2018

Thanks whateverittakes - do certain BBs/boutiques do better than others? I was chatting with an analyst at a BB, and he said he actually doesn't know many people who've gone into VC firm-wide. But perhaps it's a pure number issue (not as many people are into VC). Do you think there's a significant advantage to being in SF over NY? Also, I realize this may be a pretty basic question, but what are the important things to keep in mind if VC is where I ultimately want to end up at (networking wise, etc)? if you can point me to a few resources that'd be great.

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Jan 8, 2018

The banks you typically think of as better for PE recruiting are also better for VC recruiting, those banks just have strong brand names. In general though it is pretty difficult to go from banking to VC. There are already so few pre-mba associate spots, and then most of them won't target banking analysts like PE firms do. Recruiting is largely done on an ad-hoc basis and every firm will look for something different (technical degree, start-up experience, operational experience, straight banking background, combination of the above, etc.). This makes the # of analysts going into VC pretty small as most are too risk-averse and/or don't want to do VC enough to reject other offers in the hopes of getting a VC spot. Some VC firms target banking analysts and have PE-like recruiting timelines. A few off the top of my head: NEA and DCM.

If VC is what you really want to do then
1. Start networking. Attend your local startup events and start getting to know people, especially entrepreneurs. It is actually a very small community. At the very least you will begin to learn to speak the language
2. Be prepared for interviews way in advance. You have very few chances and never know when they're going to pop up.
3. Commit. It is very easy to get sucked into interviewing for PE just because of the earlier and more structured recruiting timeline. It sucks to be the only one without a job when all of your buddies have offers already, but if VC is what you really want to do then you'll have to fight the urge to follow the herd

Jan 8, 2018

Great info fk, thanks! A silver banana for you. Are you in the industry?

Another concern I have is when to make the move into VC. Obviously this would also depend on luck, opportunities, and numerous other factors, but I was advised by a VC associate to get some experience in consulting/banking/running a real business first, and similarly a partner once told me to make VC a later career as opposed to my first one. I see the argument that you can add more value after some real experience valuating/running a company, but would like to see if there are differing opinions (for instance, it's harder to make the switch later).

Jan 8, 2018