A close friend of mine is at a crossroads & needs some help. I'm going to turn over my account to him and let him ask the question:
Hello everybody, I'm in a tough spot. I'm currently enrolled as a sophomore at a non-target. My freshman year, I worked/networked extremely hard and did a summer internship in private equity.
For the upcoming summer of my sophomore year, I managed to get an offer as a private equity & credit summer analyst at a top PE fund (think KKR/Ares/Apollo).
My issue is that recently a headhunter for a VC firm reached out to me and said they'd like me to work for them this summer instead. If I do this, then I'll have to renege on my offer at the aforementioned firm.
I'm not totally sure what my interest is, but I am heavily interested in tech. Their main selling point was that despite the VC firm not necessarily being a brand name, it would prove my interest in this next round of IB recruiting and increase the likelihood of my getting attention for TMT groups.
Outside of a TMT banking group, I'm not really sure what other industry/coverage groups I have interest in. Perhaps Lev Fin or FIG, but given my non-target background, I'm not even sure how much of a choice I'd get (beggars can't be choosers).
Another thing to consider, given the size of the VC firm and the informal nature of recruiting, I could probably stay on during the year / the rest of my time in school (assuming I did well). It could also turn into a full-time offer altogether.
Any thoughts on this?