Standing out: VC Recruitment
Hey Guys,
Title says it- need to stand out for recruiting at a top VC fund.
Their Requisites: They are looking for folks from specific tech centric colleges, that too, ideally with 2 years of start up / consulting experience.
Back ground: I am still a UG student, set to graduate this fall.
Not from their target college either.
However, have had significant internship experience- 3 IB Internships, 1 VC Internship, 1 PWM internship, 1 in Ops at a F100 place.
Realised IB isn't my cup of tea. Wanted to go the VC way. Networked alot. Built connections with many major VCs in my geography (SEA).
Now, as you'd understand from my background, it's an extremely long shot, for me to even be considered for that opportunity.
Here are the things I've considered to stand out, to atleast be considered, and potentially make my mark:-
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Send a Cover Letter that really sets me apart (any idea as to how to do that?)
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Understand their investment thesis, and suggest 2 start ups, that may be of interest for them.
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Start a blog on VC/ entrepreneurship, to show genuine interest.
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Speak to their port cos. founders and try to build relationships.
Any other suggestions? Any suggestions to improve the above?
If you want to stand out, go work at a startup. No better way to prove yourself than to get your hands dirty
Hey, Thanks for the advice.
Yes, I am considering internships with startups before I graduate (CEO's Office, Strategy etc) at Start Ups.
But, my end goal right now is, to land a VC gig directly after UG.
Any insights there?
.
Not to put a damper but this isn’t highly recommended. VC is a lot about relationships and while you may be building your network its a little different. There’s a reason a lot of the most successful VCs have startup operating experience - and not just an internship/analysis role. Like actually being an early hire and putting up with all of the shit that is building and failing and building some more. If you go in now it’d be unlikely unless you’re from Harvard/Stanford that you rise above associate without some type of M7 MBA afterwards or real startup experience. Also you need to have cash to buy into some funds too at the partner level to get real carry and it’s widely known that VC analysts get paid horribly compared to their IB/PE counterparts and it’s known as a get rich slow type of career. Either join a super early startup in a specific field of interest and stick with that field or join IB/Consulting. You’ll have more to offer then than if you go in as an analyst. Just my 2 cents.
Option 2 is your best bet here. I'd recommend you reach out to someone at the firm with a VP+ title and position your email as an ask to learn more about venture capital, how it works, their firm, investment strategy, etc. Once you've established a rapport, then follow up a couple weeks later with companies that may actually be a fit for them and why. This gives them an opportunity to see how you think and also shows you took the time to do some research post-conversation.
Option 1 is bad. Nobody will have the time to read that and it likely will go straight to the trash can. Option 3 is bad too. There's a lot of blogs / resources out there already and let's be honest, nobody is going to spend the time to read the musings of some kid from UG who has no real-world experience. Option 4 is similar to option 1. Startup founders don't have the time or cycles to spend talking to some random person who has no intention for wanting to work for them.
Hope that helps.
Yes, that makes sense.
I usually do that. Infact, to be precise, that is exactly how I landed my precious internships.
Now that I am sure of going with option 2- do you have any advice as to how I can do that? How do I understand and present their investment thesis? How do I shortlist the start ups and narrow down to 2 start ups. And finally, how do I present my pitch for those 2 start ups?
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