Is VC out of undergrad a good idea?Subscribe
Background: finance major at a private semi-target (e.g. BC/USC/NYU) in the US.
I’ve been lucky to receive a return offer with a sector agnostic early stage VC (seed to series B) on the west coast. Quite a new fund (>5 yrs), but the team is very credible (partners & advisors consists of well known startup founders, a couple of ex wall street dudes, and a couple of academics) and past associates so far have exited to top b-schools. As a FT analyst the job desc would presumably stay the same as SA: drafting investment memos/industry research and helping associates monitor & advise our startups. Not much modeling as it’s early stage. Strong interaction with partners as headcount is quite small & top heavy. Very little sourcing (deal flow quite strong).
Is this a good idea? I did an IB SA in my sophomore years and didn’t really enjoy it. I’m on the fence on traditional PE as legacy industries (barring energy) bore me, but really interested in growth equity/tech investing/entrepreneurship in general. Dream end game is to have my own/be at the top of a VC/growth equity fund. Short term targets are to joining/starting an early stage venture, go into a strong b-school, and get back to VC after. I really enjoy this gig but I’m hesitant on the thought of pigeonholing my self. Should I go back for IB or even join a startup instead for a more “concrete” & transferrable skill? I’d preferably stay for a long time, but are exits easy to come by? Not sure how valuable a finance major with VC experience is (might not be technical enough for startups/PE, maybe consulting?) Currently leaning on gunning for the offer. YOLO. Thanks for any help.
TL;DR: title. early stage fund in the west coast. OP has strong interest in tech and aspires to stay in the industry in the long run. OP is thinking too much about exits and afraid of pigeonholing. help thx.