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Best Response
Nov 2, 2017

NYC Has a lot of good venture capital firms that hire juniors. Off the top of my head, the first two shops I would look at are:

* Union Square Ventures
- Early-stage venture fund that's probably best-known for its blockbuster exits in the Consumer Internet. Probably one of the best venture funds in IN THE WORLD, and in NYC. Fred Wilson and team manage more than $1B in assets over six funds. Union Square Ventures 2004 has distributed over 15x its paid in capital of $125MM -- so far. They still aren't done distributing from that fund.
-Self-professed "moonshot" fund where they look for companies that could be revolutionary in their sector and in the tech world in general (according to Fred Wilson)
- Big wins include Twilio, Indeed.com Twitter, Zynga, and MongoDB among others.
- Current stars in their portfolio include Stripe, Kik, DuckDuckGo, and Coinbase
- Note, Fred Wilson has stated publicly that he would probably never hire anyone who can't write software

* RRE Ventures
- Early stage VC fund focused on software, internet and telecom
- Keeps a relatively low profile versus other VC's, but has a lot of exits, almost 80 so far
- You can call them a "singles and doubles" fund in contrast to "moonshot" or "swing for the fences" funds like Union Square or Sequoia that look for blockbuster exits. This isn't to say their returns are worse, it's just that the type of investments they look for will be different
- Has raised about a billion dollars over 6 funds; Currently raising RRE VII and a smaller fund called RRE Leaders II
- Some notable exits include Bit.ly, Venmo, Business Insider, and Huffington Post

    • 5
Nov 2, 2017

On the later stage side, Insight Venture Partners, General Atlantic and TCV are all pretty top-tier growth equity shops who hire at the junior level. Tiger Global, Maverick, Lone Pine, and a few other top-tier hedge funds also invest in large private tech deals. Greycroft, First Round and General Catalyst are good early-stage firms with a NYC presence.

Other VCs in NY include Two Sigma Ventures, Venrock, Spark Capital (at least their growth team), Point72 Ventures and FirstMark (there are many others I'm sure that I'm missing).

And to emphasize @DeepValue 's point - USV is truly top-tier, on par with any Silicon Valley-based VC firm.

    • 2
Nov 2, 2017
7xEBITDA:

On the later stage side, Insight Venture Partners, General Atlantic and TCV are all pretty top-tier growth equity shops who hire at the junior level. Tiger Global, Maverick, Lone Pine, and a few other top-tier hedge funds also invest in large private tech deals. Greycroft, First Round and General Catalyst are good early-stage firms with a NYC presence.

Other VCs in NY include Two Sigma Ventures, Venrock, Spark Capital (at least their growth team), Point72 Ventures and FirstMark (there are many others I'm sure that I'm missing).

And to emphasize @DeepValue 's point - USV is truly top-tier, on par with any Silicon Valley-based VC firm.

Agreed. Insight and General Atlantic are pretty good shops -- General Atlantic (GA) is an old school late/growth stage venture firm. Make 2-3x in 3-4 years on a Series C (and later) deals and get quick exits. That's the Institutional Venture Partners and General Catalyst strategy as well. GA is in Connecticut, though. General Catalyst has its headquarters in Cambridge, Mass. I think NYC is for origination. I recall that First round is based in SanFo, do they have an office in NYC?

Point72 Ventures is basically Point72's (formerly SAC Capital) fintech investment arm and they're not hiring juniors I think. It's run by the guy who used to run JP Morgan's Corporate Venture Capital fund.

Greycroft is good, they just need more exits lol

    • 3
Nov 2, 2017

Always figured GA had offices in both Greenwich and NYC, not sure which one is bigger though (I think Greenwich may be HQ). General Catalyst's NY office is definitely a satellite office, probably just an extension of the Cambridge office but I'm not 100% sure.

Pretty sure First Round has a NY office, in addition to SF and Philly. Not sure who the big honcho is in NY though.

And for P72, yeah it looks like they took JPM's strategic investments group, and hired a few guys out of InQTel to run their PA office to focus on AI investing. I interviewed with P72's PA office so I know the AI team is looking for juniors, not sure if NY operates similarly.

Another potential firm of interest in Bain Capital Ventures - also not sure if they have a serious NY presence, but definitely at least an office.

    • 2
Nov 2, 2017

Would consider looking at Bessemer as well

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Nov 2, 2017

I am shocked more people did not mention First Round.

The big ones founders continually pedestalize are USV, FRC (First Round), General Catalyst (GC), and Thrive (Kushner's fund).

Also notable (in no particular order other than random memory) are Bessemer, BCV (Bain), RRE, ffVC, Lux Capital, FirstMark, Lerer Hippeau, Compound (the rebrand of Metamorphic), Box Group, Vayner/RSE, IA Ventures, Red Swan (from Andy Dunn of Bonobos), Great Oaks, Greycroft ...

This is for 'early stage' as defined by seed or Series A.

Mid-stage, as defined by Series B (or dipping into the new jumbo Series A that is the Series B of 2015) and C, would include General Atlantic, NEA, Insight, TCV, Warburg, IVP, Stripes Group, Venrock (who will say they do Series A but anyone can see how infrequent that actually is) and then half of the names from the previous paragraph who have scaled their AUM to the point they now participate in those later rounds because of how much dry powder they have.

    • 4
Nov 2, 2017

The OP did say that he was looking for places that hire juniors. The problem with a lot of the early stage funds (ex. First Round, Thrive), is that they often don't hire Analysts and Associates. For example, Firstmark only has two juniors - Demi and Jim (both associates) - with everyone else in the MD and VP level.

Bessemer is a great shop, my firm has co-invested with them in a number of deals. Their understanding of the Cloud is probably unparalleled. Although are there juniors in their NYC office? Most of their analysts and associates from what I've seen are in SanFo or the Valley.

    • 1
Nov 2, 2017

Thrive barely hires at all, and when they do the title doesn't correlate to the age like most people would think. (Miles, for instance, was Principal at either 24 or 25.) Which makes sense given the age of the founding partners.

First Round is still ironing out whether to start an associate program. They hire juniors but its into the Platform team. Brett got promoted to partner out of his role leading Platform. They've had a couple talented younger people leave after 18-36 months in a platform role because of the lack of clear path toward promotion.

I don't know whether Bessemer has an explicit policy for junior roles in New York, but I do know that the venture industry as a whole is way, way less structured in recruiting than any other segment in finance. If you are a qualified, competent, and resourceful person, a partner will sit down and talk with you. Your expense is going to be minimal: a $125k base won't really make a dent in the operating budget of any established fund (it will preclude you from all the microfunds or seed shops that are only on Fund I or II).

    • 3
Jun 6, 2018

Anyone heard of Tribeca Venture Partners?

Jul 9, 2018

bump

Big bodacious goals will get us to another galaxy.

Jul 9, 2018

Also, how Would you compare and contrast financial modelling requirements between VC and IB?

Jul 9, 2018

Which industries have you worked in? VCs tend to hire young grunts or industry experts. Sound like you'd fall the the latter category. I'd suggest targeting VCs that invest in the industry you've worked with most.

Jul 9, 2018

I have to ask, what does "part-time online work" mean and how does it relate to VC experience?

Also, are you at a ivy league school or Columbia/NYU?

Jul 9, 2018

Starts and ends with Union Sq Ventures

Jul 9, 2018
TechBanking:

Starts and ends with Union Sq Ventures

Why was this deserving of MS? What other top funds in NYC are willing to consider kids straight out of college? Is there a better VC in NYC than Fred Wilson? Not that I'm aware of...

Jul 9, 2018
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