Hercules Technology Growth Capital: more information
Has anybody heard of this firm? Apparently, they have two offices (one in the Silicon Valley and the other in Chicago), and are publicly traded on the NASDAQ, so they can't be entirely unknown. Their team seems very industry-specific with regards to prior work experience, with a dearth of standout BB names littering the bios.
To step backwards, how would working at the firm like this (http://www.herculestech.com) after a 2-year analyst stint be valued in stepping towards more recognized buyout firms? Any and all comments are appreciated in advance.
Hercules provides venture debt to growing technology companies with more than $5 in revenues and good operating cash flows. The idea behind venture debt is to get financing without giving up equity in the company, which is typical in VC deals. Of course, this debt comes at a very high price given the inherent risks of young technology companies. So usually a growing company's capitalization strategy will always be a mix of venture capital and venture debt. Guys like Hercules are basically in the game of trying to get repaid. Whereas a VC/LBO player will be looking for 30%+ IRRs.
I don't think the skill set gained here can transfer to either venture capital or leveraged buyout funds (and certainly not the latter). The only real "exit" I can think is to work as the CFO of a startup. If you are looking to break into venture capital, that is definately not a bad route to take. We work with them extensively so I know them quite well. They are the best in technology venture debt, no questions asked.
Let me know if you have other questions.
Interested in this as well. Bobcat, what is their pay structure like over there for analysts? I heard they give analysts stock and stock options for bonus, but what do they give for cash bonuses generally?
Does anyone have other thoughts on this? Not sure if things have changed since then
They're a lender. If you want to get on the investment side of a PE or a VC firm, not the best option.
currently work here - AMA
edit: my company has a lame social media policy
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