Public Markets to New VC or Growth Equity Fund
I wanted to see if anyone had made the transition from a Public Markets investing role (either HF or AM).
I work on a long-only portfolio invests based on long-term trends/themes and have found that I really enjoy learning about the innovation. What I don't like is how passive the investing is and also that a lot of the innovation is nested within large companies with other value drivers. I'd rather be at the forefront and also build operational skills so I have been looking at a transition to VC. I have a potential opportunity at a new VC fund and am trying to get some ideas if this transition makes sense as well as what to expect. I understand the power-law dynamic with VC returns and deal flow so this is something I'm considering. On the flip-side, the fund has a niche focus both geographically (I'm in Canada) and sector wise (specific areas in clean-tech).
Wondering if anyone can give their insights on the transition and what to know if I'm considering joining a brand new fund. One big debate is if its worth it to wait it out for a role at a well established shop or just get a foot in the door.
I realize there was a similar post in the HF forum and I shared some insights on the pros and cons of my AM experience: