IBD -> Tech Start Up, Corp Dev ->? PE/VC/...

Good Afternoon!

$1million question: What are my exit opportunities after c.1-3 years in corporate development in high growth, super well funded, hardware start up?

My CV:
- 3 years industry coverage in the same industry as the start-up in a
- tier 2 BB
- degree in engineering

Current end goal: Owning my own business. Doesn’t really matter in what, as long as I own the equity. So would be equally happy with owning a strategic or being a partner in a fund.

Background: Until now I always focused on exiting to PE as it would be quite helpful to pursue my end goal. I have been quite successful in interviewing (few final rounds) in upper MM PE, and I’m confident I would get a role in the NTM.
Now, I came across a corporate development role in a start up and because I just love the industry and start-up I applied for the role.

The start up: “sexy”, very well funded, high growth, product will hit the market +2020, have been hiring leadership from the top global Tech businesses

The role: Corporate development, reporting in to the head of corporate development (guy with 10 years of experience who reports in the CFO).
Tasks would include: company strategy (sales, marketing, roll-out, …), negotiating with potential industry partners and regulators and at a later stage M&A.
Pay: unclear yet, but probably 50% of a PE/IBD associate role, but including some equity

Reasons why I consider it: Learning a totally new skill set that is valuable in any business, this start-up has the potential to become the next Tesla, great way to meet entrepreneurs, investors and like minded people

Question: I’m I being too emotional about all of this? Maybe I should just stay on my trajectory to PE associate at a respectable fund.
Or… Clearly I’ll learn a lot! And spending a few yrs at a “sexy” start up could be incremental to my career.
Side questions: In 1-3 years, would my profile still be of interest to PE? VC? If so, would I start back at Associate 1 or would the years be valued?

Any advice would be helpful.

 
 
Best Response

Autem voluptatem id nesciunt laudantium. Velit molestias vitae culpa. Qui qui rerum voluptatem vel commodi eveniet autem. Vero ex facere illo ut.

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 (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
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...”