I don’t usually post but what the fuck is wrong with the vc recruiting market ?

This one on LinkedIn was particularly egregious
https://www.linkedin.com/jobs/view/2357721852

"Our fund is only worth $20m, but the analyst we hire must have a minimum of 2 years Analyst experience at a top tier TMT Investment Bank" the worst part is I see these types of jobs all the time. Why would someone from Goldman TMT become a sourcing monkey for a shithole Yuppie firm like this?

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Comments (45)

  • Intern in IB-M&A
May 11, 2021 - 1:16pm

Quite ironic when you see that Managing Partner #1 lasted 3 months as a summer associate at MS and Managing Partner #2 only did a SA at Jefferies

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  • Intern in IB-M&A
May 12, 2021 - 11:44pm

they are more common than realized. Mostly because these people know college kids really really need the experience. All of my unpaid internships have been shitty bitch work. The only good one is a paid IB one where I got to do fun stuff lmao

  • Analyst 3+ in IB - Gen
May 13, 2021 - 1:56pm

Yikes, they haven't even raised a proper closed-end fund yet... It appears that all their previous fundraising efforts have been through SPVs (probably through AngelList).

If they were targeting undergrads (rising juniors or seniors), it would still be a crappy gig to take, but at least it would make sense.

These guys are dreaming if they think someone who has actually completed a "2-year TMT analyst program at a top-tier investment bank" would be interested. No one with that background would touch this with a ten-foot pole.

I am even doubtful that 2021 graduates would be interested, but there might be some desperate people who would bite.

May 14, 2021 - 12:48pm

There will always people who will bite to get their foot in the door. Dome of them will realize how bad they have it others won't.  Its a sad state of affairs and I see it all the time in the Boutique IB space.  

  • Associate 3 in IB-M&A
May 13, 2021 - 2:58pm

Agree - more that 200+ juniors/seniors would bother with an unpaid internship at shitty company. VC is insane.

May 14, 2021 - 12:44pm

It's Linkedin Easy Apply so it's not a standard application process. Assuming your resume is already uploaded to the system the application usually takes 30 seconds if that.

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May 13, 2021 - 3:52pm

To be fair "2 years Analyst experience at a top tier TMT Investment Bank"" is not a must have. They just list it as an ideal qualification. They also say that candidates graduating in 2021 will be considered, which implies 0 full-time experience.

May 13, 2021 - 3:55pm

They probably just copy + pasted a respected VC's full time analyst posting tbh. 

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  • Analyst 1 in IB-M&A
May 13, 2021 - 5:52pm

People say finance guys always stay on the beaten track but tbh those of us who want to do venture really have to use luck / dig for opportunities to land them. Sucks the number of reputable top tier vc firms are so low

  • Associate 1 in PE - Other
May 13, 2021 - 6:43pm

If you're continuously optimizing for comp or 'optionality', then yes, banking, PE/HF, even corp dev at the right co are much better than early-stage venture. 

But for anyone passionate about startups, there's really no gig better than venture. Your job is to meet with, evaluate, and support founders. If you cover consumer internet, this literally means finding the next Snap / Uber / Airbnb. On the enterprise end, you're still meeting top caliber engineers and CEOs with unique insights on infra / devops / software and how to build a business around it.

If you like finance and couldn't really care less if you cover tech, industrials, consumer, etc. then of course it makes no sense. But if your first and foremost passionate about tech, any decent venture seat will open up doors in the entrepreneurial community, whether as an investor, founder, or early employee. 

That being said, this doesn't apply to all roles. Beyond the tier 1 funds, there's lots of small, unknown funds that have great track records and are worth joining if you know that's what you want to do...but I'd be wary joining a fund full-time that's yet to even raise its first institutional fund. 

  • Analyst 1 in AM - Equities
May 13, 2021 - 7:41pm

people in VC have huge inflated ego's because their entire job revolves around considering them such a value add that they can turn a small company into something that will be hugely profitable and IPO

If you have 1-2 successes (even if they are because of sheer luck or you had nothing to do with them due to so many rounds of financing) you assume that you have the midas touch lmao. It's comical. 

With all that being said, i would still love to get into VC at a reputable shop because it's cool as shit investing in things that could potentially disrupt an industry

  • Analyst 1 in S&T - Equities
May 14, 2021 - 11:38am

Don't even get me started on this...the people who've been hired from my school are C students in finance classes. Not to be a hardo but my god...

May 16, 2021 - 12:51pm

"This fund will invest in companies led by exceptional teams in markets undergoing rapid evolution thanks to major technological and social movements including digital assets, sustainability, health & wellness, psychedelics, and new media including esports and gaming."

Doesn't even sound like they have a viable strategy. Just a kitchen sink of what's popular right now. How exactly are you going to properly cover that many verticals with such a small fund and lean staff?

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