How to break into VC/Growth Equity?

I'm a 1st year analyst who just started in a tech group at a pretty decent MM bank in August, but looking to explore future VC/Growth Equity space further as that's where I think I want to be within the next year or two.

Would it be best to start reaching out to headhunter's now and get on their lists for whenever on-cycle recruiting happens? Should my approach be different for getting recruited for early stage VC rather than Growth Equity? Would attempting to network with VC investors be a good move or kind of weird considering I just started? Would definitely appreciate answers to these questions

Comments (8)

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Jan 9, 2022 - 10:17pm
PE-biz-dev, what's your opinion? Comment below:

This has been discussed extensively elsewhere, but most of what you're talking about is only going to be applicable for the larger growth firms.... and the steps you outlined should work fine there.

If you're optimizing for earlier stage VC there is typically no concept of "on-cycle," and the process will be MUCH more random and informal. Early-stage VCs simply do not have the same need for junior resources as, say, buyout PE; it's not uncommon for even reasonably well-regarded Silicon Valley firms to have like 5 partners against 2-3 associates. To get in that space, you need to network, network, network. Also about 80% of your success at the job is related to how well you can network, so it's not a bad way to find out if you'll actually like the seat once you get in... and build relationships for when you get the gig. 

A lot of people on this site like to lump venture and growth together; I personally think they're pretty different from each other in terms of on-job skills needed but also operating structure + your experience as a junior. As an ex-banker, you will be more competitive with growth funds because they actually care if you can do math, but it is likely worth your while to explore each path and be more deliberate about where you recruit. 

Jan 13, 2022 - 6:35pm
InvestmentBonkers42, what's your opinion? Comment below:

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