Some of those on this forum may recall my "how I got to the buyside" post, but for those who haven't, I am an associate at a private equity firm focused on a very niche industry.
While life at my firm has been great, I have been dabbling in the startup world by cofounding an early stage startup while maintaining my day-job. In recent months, the startup has gotten tremendous traction and my partner and I will be raising seed capital for a 12 month runway (<$1MM). Successfully raising the capital will then imply that my partner and I will have to quit our day jobs. In short, I'll wave goodbye to them chunky paychecks and a clear path up the totem pole.
My role at this startup will be as a business development guy who is focused on actually building the marketing, sales and generally the operations of the business while my partner will be focus on the technical aspects of R&D and product development. This makes sense our 2-man team since he is an engineer and I am more of an execution guy.
Given that I have naturally built a buy-side mentality, I am always assessing the downside risk and finding ways to mitigate it. In my situation of jumping to an early startup for 12 months, I would like to know if there is a set of conventional exits after a startup fails. I am approaching this pragmatically and would like to see if a product manager at another tech company or joining a VC firm is possible after 1) raising seed capital for a startup and 2) failing to move beyond the 12 month of runway.
If someone has already gone through this, please shed light on this matter.
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