IB to Tech Start-up

I'm particularly interested in working at a tech startup after an analyst stint in investment banking. For some background, I am a business/philosophy student, and I, unfortunately, do not have any computer science background (most likely will not develop a substantial one in college). I'm fascinated with tech as an industry, but I don't have the hard skills necessary to add value to a startup if a computer science background is essential. I'm hoping to hear if anyone on WSO has stories about making the transition from IB to tech startup and how they added value with their IB experience. Thanks!

 

bump, gonna be starting FT in an NYC IBD non-tech coverage role and wondering if it's difficult to make the move after

 

Have a similar background here: majored in Philosophy at a liberal arts college (so had little exposure to programming), went to a top 3 bb as SA, then moved on to VC followed by GE, currently at a tech startup as founding member. 

To be honest, I think my BB experience helped little, especially in our early stage. Rather, my experience in VC and GE helped significantly more regarding network, fundraising, keeping track of competitors, making strategic judgment and decisions, etc. Sure, my experience at BB honed my attention to detail, business etiquette, paperwork and pitchbook drafting, modelling, industry research... None of those matters in founding your startup. None. Not even drafting pitch books or industry research because: 1) Good BPs look drastically different from pitch books in banking, especially in early stage when you are selling your ideas as you need to be presentative and requires good aesthtics - think Steve Jobs' presentation (the only section my BB exp helped was the "industry" section); 2) As for "industry research": entering into a new market, you don't have industry reports that really address your target market (while those reports are what bankers largely reference) - if there are, you might want to check if it's a red ocean already.

Of course, the ability of industry research and research-based decision-making are crucial; but I think these skills of mine are more honed during my GE experience where my seniors cared a lot more about my reasoning and would really critically dig into my investment thesis about the industry because we needed to make decision upon that and they actually bear responsibility for their decisions. 

My experience in GE and VC also helped me build an investor mindset which I personally regard as a big plus for founders - awareness of building your barrier at the very beginning, identifying the key drivers of the industry and of your business model, analytical thinking and decision-making, etc. Working at VC also helped me build a valuable network of both investors and successful founders which is super useful: 1) easier access to fundrasing; 2) both investors and founders have useful network that help you grow your team; 3) industry insight and experience - especially solid if they come from founders who have acutally fought in the field, they could really help you avoid serious mistakes that tend to be easily overlooked; 4) "insider" information, especially about competitors and trends of industry trends and capital markets... and the list goes on. 

So experience at GE and VC funds are helpful, internship at other early-stage startups might be, and starting to build your own startup also helps (you don't need to do something super fancy or aim at building a unicorn, just to get your feet wet and test the waters - I actually learned a lot from my earlier startup experience of building a fitness app and selling it).

 

Lol I thought you meant GE capital. I had a similar journey. Busted my ass at a non target and started a business Sophomore year, sold business for a decent amount (under 1m). That really helped getting me a top GE internship and then declined return to go to a BB last summer where I’ll be returning FT in July.I’ll most likely end up back in GE or a startup, and after speaking to many people in tech/VC/GE, the IB experience will surely be of value

 
Most Helpful

Eos nemo est voluptatibus quis eius. Optio neque aut tenetur explicabo natus. Doloremque ut est mollitia sit quis aspernatur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”