VC tab on WSO

Recent vc discussion shows theres some interest (as well as misunderstanding) in the vc industry. Further, even though vc isn't "pure finance" its pretty clear it's becoming more relevant to other finance industries given so many companies both getting huge funding and going public (via spac or ipo). Ms me if you want I get it but seriously, I think it'd be an interesting board and I'm not sure a good vc forum exists elsewhere on the internet.

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Feb 18, 2021 - 6:43pm

I think a bigger priority is a software engineering forum because that seems to be the absolutely best job in the world with zero downsides compared to the stupid finance bros

Feb 18, 2021 - 7:55pm

VC is gambling for rich Chad/Brad/Thad VIs with no actual investment acumen. Fuck outta here with this horseshit.

"In order to be a really good investor, you need to be a little bit of a philosopher as well." -Dan Loeb

 

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  • 2
Feb 18, 2021 - 9:47pm

Precisely.

"In order to be a really good investor, you need to be a little bit of a philosopher as well." -Dan Loeb

 

Feb 18, 2021 - 9:51pm

VC is just a circle jerk of confirmation bias that leads to preposterously overinflated valuations on new ventures which are, in the overwhelming majority of cases, based on dogshit business models and will never become profitable. But once Ruane or YCombinator or Andreessen Horowitz or whatever other overconfident SV douchebag puts their stamp of approval on it, it goes from "steaming pile of dogshit" to "billion dollar pile of steaming dogshit" (aka Unicorn).

"In order to be a really good investor, you need to be a little bit of a philosopher as well." -Dan Loeb

 

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  • Intern in IB-M&A
Feb 18, 2021 - 9:22pm

If you include a VC tab then you'll also need a growth PE tab, then change the current PE tab to LBO PE... etc.

I understand what you're getting at in that it's differentiated from other parts of finance, but VC falls under the PE umbrella. So for the sake of keeping the interface clean, my opinion is that having a VC tab is unnecessary.

Otherwise, where's the deal advisory (big 4 valuation) tab? You can argue that it's completely different from investment banking.

Operations/risk? Different enough from the other tabs on this website. 

Restructuring tab? It's completely different from M&A banking.

PWM tab? PWM/private banking is completely different from institutional asset management

Debt research vs. equity research? Both are completely different skillsets. 

Let's be real - sales is COMPLETELY different from trading, so why is it lumped together in the same forum? Even if they're related, they're two completely different roles. 

  • Prospect in IB-M&A
Feb 18, 2021 - 9:28pm

The quantity of spaces in your response is inspiring. But while I understand your point I disagree. I know vc is technically PE but they are truly different in almost all ways (strategy, operations, structure, fund raising, recruiting, development, ...should I go on). A vc fund is really not comparable to any other PE fund aside from the fact that they are both equity...

  • Intern in IB-M&A
Feb 18, 2021 - 9:43pm

Yes, I agree with what you're saying, but that argument can be made about any of the spaces I brought up.

If that's the point you focus on, then what about the differences between distressed PE strategies and plain vanilla LBOs? Or distressed debt lending? There isn't a tab for private debt, yet it's just as different from private equity as VC is from plain vanilla LBOs

  • VP in IB - Cov
Feb 18, 2021 - 10:58pm

While VC could qualify as low effort PE... don't insult PE like that. VC is a dumpster fire of PE values desecrated by advertising/social media marketing techniques. My most retarded SA could easily build whatever "proprietary models" the weirdos at the average VC firm are trumpeting.
 

It doesn't warrant a separate forum because most VC is only finance scented. 95% of VC success stories make about much sense as doge coin mooning. We don't have a subforum to discuss TikTok influencers or Elon Musk's stock picks so why would we need a platform to discuss their "finance" counterparts

  • Prospect in IB-M&A
Feb 18, 2021 - 11:09pm

I disagree. It's easy to say true finance only exists on Wall Street but if it weren't for vc's a company like palantir wouldn't survive to what it is today. Find me a company that ipo'ed (or spac'ed) that didn't get vc funded. Yeah the fin models matter less but its still allocation of resources (funds) which, as I understand it, is the underlying principle of modern finance.

  • VP in IB - Cov
Feb 18, 2021 - 11:29pm

Palantir's success is not attributable to VCs, it is because Thiel and Karp, both of whom worked in finance, know what they are doing. 
 

And I was talking about the average VC team, not your A16z, KPs and Sequoias. A handful of places are worthy of discussion but 1) they all pretty much invest in the same things anyway and 2) we don't need another sub forum to talk about 5 groups

  • Prospect in IB-M&A
Feb 18, 2021 - 10:31pm

I don't think WSO would want to do this. From their perspective, they want to have subforums that are popping 24/7 with new threads all the time. The more subdivisions they make, the less active each subdivision will be and the more it will hurt the overall perceived activity level on the site. Like another commenter mentioned, if you make a VC forum, you might also split the PE into growth PE and LBO PE. There are divisions you can easily make in RE and certainly in CF as well. Where does it end?

  • Prospect in IB-M&A
Feb 18, 2021 - 10:56pm

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