Joining a newly formed VC fund?

Exploring an opportunity with a non-U.S. VC fund (focus on seed / Series A) that is fairly early in its lifecycle and would be the first non-partner hire as they try to penetrate the U.S. market.  I come from the PE side but have worked extensively with LMM growthy business and working with scrappy entrepreneurs is what has kept me in the industry. 

I'm confident I could get up the curve and be an asset to these guys, but how much of a longshot is this?  VC seems incredibly crowded as is, especially with Tiger's recent strategy.  Beyond the lack of U.S. track record, are there other risks I'm not considering?

Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (3)

May 15, 2021 - 5:18pm

Has the VC firm you are considering joining raised a second (or later fund)?

Some potential issues for you to consider:

  • if the VC fund has done well in their geography, whether those strengths translate to the US?
  • LMM PE to seed / Series A is still a pretty big shift. Have you had experience working in a start up or founding a start up? Have you considered mid/late stage VC where your analytical / financial skill set might be better utilized?
  • There is a large element of luck in VC, even those strategies that don't spray and pray.
  • Associate 3 in PE - LBOs
May 16, 2021 - 4:53pm

Thanks, helpful points to consider - they've raised two funds.  Their knowledge base seems strong and transferable to the trends in the U.S. but definitely have concerns around their U.S. network today.  To your second point, I would ideally shoot for later-stage VC but have not been able to get much traction with my profile.  Was thinking that this role could be a way to break into the industry if the fund flops. 

May 15, 2021 - 5:50pm

Nesciunt voluptatem modi aut fuga repudiandae ut modi. Repudiandae dolores ullam in ut et sit. Quis at quo nobis nesciunt. Aut in quasi debitis.

Nemo iusto debitis voluptates in. Eum vel tempore exercitationem sed. Est sed est at architecto natus id et.

Mollitia voluptatem dolorem ut quaerat adipisci rerum et. Repellat sint facilis ullam. Non velit maiores eius mollitia eius vel.


Start Discussion

Total Avg Compensation

October 2021 Private Equity

  • Principal (7) $694
  • Director/MD (18) $575
  • Vice President (68) $367
  • 3rd+ Year Associate (68) $270
  • 2nd Year Associate (141) $254
  • 1st Year Associate (287) $220
  • 3rd+ Year Analyst (26) $159
  • 2nd Year Analyst (61) $135
  • 1st Year Analyst (185) $118
  • Intern/Summer Associate (20) $67
  • Intern/Summer Analyst (221) $59