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?

 

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.
 

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. 

 

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