Private Equity vs. Venture Capital in 2018
It's 2018, and both PE and VC deal activity have rarely been higher. As a 3rd year Analyst in Consulting with both PE-transferable skills (Corp Fin cases, commercial due diligence) and VC-transferable skills (tech major), which of the two is a clear winner.
Here's my understanding - please do shout if something is incorrect:
PE has come clear advantages when it comes to comp, and being able to drive more impact (fund owns the target vs. a minority equity stake). Also, it's very possible to go to VC post PE. However, PE has more of a choke point at VP, and potentially faces a bigger downturn should we see anything like 2008.
VC has many things going for itself - meeting exciting people / ventures, building your own brand etc. Also, believe it's got a bit more of a moat (through the network you build). But it massively loses out on the comp front (~$180k vs. ~$250-300k?) Apart from that, less transferable to other investment strategies.
What do you think?