Should I take this job or keep recruiting?
Recent finance grad here. I networked my way into a VC firm that focuses on early stage, seed financing. I was given the green light to work here part time doing biz dev (bs work) until I secured a FT offer from some of the various buy-side/sell-side firms I have been interviewing with.
I will find out within the next couple of days whether or not I will receive a FT offer at a multi-strategy hedge fund doing (my #1 choice):
-analysis of securities across the capital structure
-trading and execution
-liaising with sell side firms
-monitoring positions.
Today I found out that I can stay on board at the VC long term and work as an 'analyst.' The following is the description of what I would be doing.
"I need someone to do sanity checks on business proposals. Sanity Checks involves researching funding proposals sent to me by entrepreneurs looking for money and scoping out competitive and legal challenges to doing the deal. These challenges include researching IP barriers and identifying competitors that could render the investment risky. This also includes determining if the investment is sound based on the underlying revenue model.
The person who performs this tasks will do the due diligence and make an investment recommendation. This report will be both analytical and financial in nature."
If i didn't get the HF job and the 'analyst' gig at the VC paid well, do you think I should pursue this opportunity or continue to recruit and try to land a job at a botique/MM ibank?
My long term goal is to move into the buy-side of things. I've always enjoyed trading/investing which is why I'm hoping I land the HF gig.
Any ideas as to what skills I could learn as the VC 'analyst'?
Thanks
Why do you want a mm ibanking job of you want to be on the buy side? Vc is the buy side.
I figured it would be easier to land a job, out of undergrad, on the sell-side
Seems like common sense to me. If you don't get the top job you want (HF) but have a solid backup gig in something that is in the same arena as what you want to do in the future, take the job at the VC firm.
From there you could continue to look for different HF's if you really end up not liking the VC position.
take the job bro, easier to get another when you have one.
I guess what I should have asked is: should I join this "no-name" VC firm doing the work I described in my original post, or continue to recruit next semester and hopefully land a F500/botique/MM FT offer?
Do you think not having a recognizable brand on my resume coming out of undergrad will hinder my chances of being able to move around on the buy-side?
Sorry if these questions are dumb btw.
I'm confused? I thought you said you graduated already...
I graduated this December but did not secure any FT jobs...I'm still technically a double major with econ (never finished the degree), so I could go back to school, take some BS class, and gain access to OCR.
gain access to OCR just to try to get into IBanking? I thought you said the VC position was then offered as a long term analyst? In this case does long term not mean full time?
The VC position is being offered as a long term analyst position - full time. I'm just asking if it makes better sense to try and join a more well known firm to have on my resume as my first FT job.
Do you think joining a relatively unknown VC firm with 20 portfolio companies will negatively impact my chances of lateraling somewhere else in the future if I chose to do so? Or would it just come down to my skills/experiences rather than having that brand name on your resume...
Thanks
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