venture capital

I head PE/VC investing for a family office based in Asia. Our firm makes direct investments across the capital structure (private credit, PE/VC, public markets and real estate). Although we are direct investors (>95% of capital deployed are directs), we regularly review fund investment opportunities...

05 Jun 2022

Where do you see finance's biggest "white spaces" in this era? Let's assume your goal is to become a billionaire in financial services, to put it simply. Let's also assume tomorrow you're given $25 Million dollars carte blanche, as well as a healthy rolodex, to assist you on your journey toward this...

01 Aug 2022

Two roads diverged in a wood, and I- I took the one less traveled by, And that has made all the difference. Robert Frost Title summarizes the road I've traveled… consultant → intelligence community/SEAL Teams/Special Operations → director of research at a well known hedge fund → tech...

06 Jan 2022

Greetings Monkeys! As there are many of you who are pursuing IB, we have written up a high-level overview of the different paths that one could take post-IB Analyst stint. We were in your shoes not too long ago, happy to answer questions or help where needed! Welcome to Investment Banking: Where...

04 Oct 2021

Fellow Monkeys, I joined a 1st gen family investment office about two years ago. Initially I thought I would be working under the principal to learn from him to ultimately take over the office. Was led to believe that my role would be 50/50 between CRE and PE/VC. Within about 3 months of the job, I...

10 Aug 2022

I'm coming into my first year of medical school this summer and am interested in pursing a PE role after graduation. I have no background in banking or PE as my resume was strongly geared toward medical school admissions: high GPA, high MCAT, ivy undergrad, extensive research in various basic...

06 Apr 2022

Hello everyone, I wanted to talk about a few angle investments I've made this week and learn about anyone else on here who has done the same? Firstly, a backstory on me for some context: I started out as a CRE broker while in college. Then sold enough properties to build out a tiny M&A shop for my...

10 Jan 2022

Someone I know has launched a small VC fund, they're on their second fund now and looking at EDGAR have raised ~8MM in aggregate. I read the article on "This Is Going To Be Big" about small VC economics. But honestly I still don't get how someone can make a decent living. Even assuming a 2.5%/20%...

06 Nov 2021

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...

17 Feb 2021

Hi All, I got an intro to a partner/MD at a growth equity group, for a principal role they're hiring for specific to their office. However, just recently, the same group (different office, but supposedly they all work closely together) is looking for a sr principal. Going by the description (yrs...

04 Oct 2021

Hi Everyone! Long time user of the IBD forum but first time posting here :) Bit of a long story but to make it short, I'm taking a career break after close to a decade in IBD. One of my friend's early stage start up (in which I invested some $$ in) is getting approached by a few regional VCs, and...

14 Jun 2021

Hi all, My partner and I started a micro vc fund in 2017 after some big wins angel investing. After a slow first few years, our fund is now 12x gross tvpi and climbing. We have had two >100x marks over the years. Our first fund was a proof-of-concept as we had no institutional record and thus funded...

23 Mar 2022

Hi everyone, I'm in the beginning stage of building a tech firm I believe to make sense. The fundamentals behind the actual tech product: The product would be a Business to Consumer type product. The core product would cost $40k to build + $X for the actual software. Thus I'm assuming around $70K of...

05 Mar 2022

I'm looking to update my resume for VC / growth equity roles (around Principal level). I've got 10+ years of experience and have worked in 4-5 roles (including banking) before VC. I managed to get it down to one page with size 10 font, but it required a lot of cutting and playing around with...

04 Mar 2021

I've been sitting on this post for a while. I was waiting for it to turn into a success story; started-from-the-bottom-now-we're-here kind of story. But it's been so long I'm going to post it anyway. ###My Background: Finance degree from non-target, super involved on campus, extracurriculars, case...

19 Jan 2020

For those that currently work or have previously worked in the fund of funds space, what are/were the pros/cons to the analyst role, and what were/are the exit opportunities (really) ? I have 2 offers right now and am looking at it as an opportunity to get my feet in the water. But my long term goal...

09 Aug 2021

Hello everyone, I am a military officer with a STEM undergrad and a data analysis masters. I took some finance related classes and enjoyed financial modeling, so I would like to transition to IB, PE/VC, or a fund without taking a working break to get an MBA. Is it possible to break in at the analyst...

20 Jul 2022

Hi everyone, Writing from a throwaway account. Thanks to everyone who supports the forum, the advice has been invaluable over the years. I was hoping for the VC community's (or for any other knowledgeable folk's here) help on a situation I'm in. The short of it: Opportunity with a new fund

12 Nov 2021

I am leading a startup accelerator/VC (part of a Chinese innovation company) in China, Shanghai, since 2019. Our focus areas are MedTech, EdTech, Smart Manufacturing, CleanTech - Seed/pre-series A mainly. Any startups interested in expanding to China - feel free to get in touch ;) Prior to that I...

28 Feb 2020

"Hypothetical" scenario: A debut micro-VC fund with $10 million in assets has an opening for a junior investment team position. At 2% per year, the fund only has $200k a year to cover all fund expenses and overhead. The fund has two general partners. Neither of the general partners are taking any...

27 Mar 2021

Hey everyone, I'm an intern at Google deciding between starting as a SWE vs in the APM program after college. I'm interested in tech entrepreneurship, specifically creating or joining a startup 2-6 years after graduating, and I wanted to hear others' opinions on what route to take. I have a CS...

09 Jul 2022

I'm a nontraditional student newly out of active duty military. I've been admitted to a few good schools. Though, my school choice will ultimately depend on the job opportunities post-undergrad. My school choices are Yale, UChicago, and Dartmouth. Dartmouth and UChicago have a large focus on the...

17 May 2021

I've been accepted to the above schools. Some of the discussions have a consensus that Yale through connection opportunities outweigh the other schools for HF/VC opportunities out of undergrad even though UChicago and Dartmouth have a large finance placement. Brown has a large consulting placement...

20 May 2021

I realize it's a loaded title - the question isn't nearly as controversial. I'm looking to understand why bankers exit to VC, whether they hope to have long careers or are just looking for a way to break into startups, and whether any of them ever wind up getting carry. I understand VC funds as...

14 Jun 2022

Hi all, Can we get a running list of the tiers of GE shops? Obviously this is subjective, but I think it would be helpful to have an idea of how good some funds are relative to others. This list I found seems to be the overall best firms in GE, so anyone on the list should be proud as is, but if we...

28 Apr 2022

Hey guys got a VC offer after grinding to break in for years (went to PE after my IB stint) and wanted to get thoughts around the quality of the offer: 210K base 20k Signing bonus 30% Target Bonus $1.25 Million carry dollars at work (Assuming 2x on $450M Fund with upsize if final close at $500M Cap)...

30 Apr 2022

Short background I am finishing my MSc this summer at a well-known European university and have ~1.5 years of internship experience at boutique IBs (1 year as a working student, 0.5 year as a full time student). I have an offer from a corporate venture capital and a tech-focused boutique IB in the...

11 Apr 2021

I am starting at a new shop in a week. Will be working on real estate acquisitions, real estate development and small venture capital opportunities. My new employer is offering me a low-interest line of credit to co-invest in deals, to be used at my discretion. The line tops out at $25k/year, which...

24 Aug 2020

I started a company my senior year of college in the CPG food space. Long story short is we spent a lot of time and money in R&D and by the time we launched Covid-19 hit and everything went downhill from there. My startup was largely unsuccessful from a sales standpoint, however we did accomplish...

20 Aug 2020

Hi everyone! Does anyone have any thoughts about the likelihood / how possible it is to move from Corporate Strategy to PE (maybe VC) when I have an IB background? Has anyone made a similar move? For some context, I recently started a role in Corporate Strategy at a high-growth, pretty well-known...

04 Apr 2021

Could use the forums help on this one: I'm a 1st analyst at a small VC fund. I'm working ~60-70hrs/week, getting paid peanuts and not learning much. I can't simply change jobs and apply to IBD because I'm international and my visa will expire in January -- meaning I'll have to go back to my...

21 Jun 2022

Hi, I just started my first year at a high-tier MM IB in a well-regarded industry group. I am really enjoying the work so far, how the culture is, and I am happy with where I am at. All the other first year analysts have began discussing the PE recruitment timeline, but I am interested in Corporate...

23 Sep 2020

Hey guys, this is my first post here so please bear with me. I am currently a 2nd year college student (we have 4 years) in Hong Kong and recently I joined a part-time, remote, unpaid internship at a VC as backup in case I don't get into a good bank this summer. But there are some things that made...

02 Apr 2022

I run a venture builder and a B2B SaaS agency. I am looking for resources about structuring hybrid deals that are essentially MBI, or partner buyouts. Also looking for recommendations on if we are going the wrong direction. Should we try to go for full acquisition and then management buys back in?...

03 Aug 2021

Hi guys, I joined an early stage VC fund as a full time analyst after graduating from a French business school's Master in finance. Prior to this I made an internship in a Big4 audit firm and passed CFA 1. I really like this sector, the diversity of projets and startups I can meet, but I miss data...

13 Mar 2022

I have come to the second to last stage of an interview for an analyst position at a VC firm. They gave me a rather open ended task of writing an investment memo for a company that just entered YCombinator. I found a general template (bessemer) for the memo however, how would I go about finding more...

04 Aug 2021

Starting to see more and more PE / VC firms have full teams of operations / consultants. I wanted to start a discussion on this topic and see how you all felt about this. As a current, former, or hopeful private equity investor / associate / principal, do you like that there are entire teams...

06 Oct 2021

So I've been in the industry for about a decade and have established relationships internally with colleagues over that period, while my client relationships are almost as old. Now that I'm senior and my partner and I went independent and started our own boutique a while ago, my work hours have...

14 Jun 2021

I am about to graduate from a reputable university in Canada (McMaster University) with an Honours BCom degree (specializing in Finance), and I was just wondering if anyone has any advice for a recent graduate looking to get into the industry? I specifically have an interest in IB, PE, VC, AM & ER,...

12 Apr 2022

Hey everyone, I have a question related to DCFs in Venture Capital and was hoping for some guidance: When doing a DCF for a new VC round, after discounting the cash flows and summing them to the PV of Terminal Value you would get to your Enterprise Value. Then you deduct the pro forma Net Debt...

27 May 2021

Recently saw a post that Lightspeed Venture Partners has hired three new partners across a few of their platforms. One of the hires is a (seemingly) 25/26 year old 'Growth Partner' with only 3 prior years experience in public markets investing at Point72. This is bizarre to me. Granted, there is...

22 Jul 2020

Does anyone have any thoughts on the exit opportunities from highly sourcing based roles that are common in growth equity and VC (e.g. Spectrum, Summit, TA, Battery)? Specifically as it relates to: - MBA opportunities (are you still competitive for top 7 MBAs, or is McKinsey/Bain/BCG a better...

13 Jan 2020

Hi Everyone, I am currently interviewing with a top-tier VC to join their research team in a very junior role. The next step in the process is a 1-page investment opportunity memo which the team will evaluate. While I have experience with executive summaries generally, I have never written a 1-page...

17 Jun 2021

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19 Mar 2022

Hi, I am a high school senior who was admitted to several universities. My top choices are the University of Chicago, UC Berkeley (College of Letters), Carnegie Mellon University (Information Systems program), and Georgia Tech (College of Computing). I will probably pursue Computer Science at...

11 Apr 2021

Hello fellow monkeys, In this new year I've got two offers in the venture capital industry: - the first one is from a new VC fund (GPs have a solid track record), that started fundraising last year and planning to finish fundraising at 150million AuM this year. The fund is focused on a tech market...

01 Jan 2022

I have been working in VC for a few years (primarily fintech/environmental) and recently interviewed for a new position at a Gen-Z/Millenial cusp VC firm. One of the questions was "which one of our current portfolio companies would you have not invested in initially?". My answer was a company that...

26 Jan 2022

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26 Jul 2022

Hi everyone, I am looking to crowdsource opinions on three offers that I have received (no exploding timeline, all off-cycle). One is early-stage VC, one is traditional tech buyouts (a step below TB, H&F, Vista), and the third is GE. Comp, responsibilities, etc. are fairly straight-forward. Key...

24 Mar 2022

Hi All - I'm ~5 or so years out of college. I did not do a formal 2 years of investment banking and was instead hired out of undergrad as an analyst at a fund. I've worked at several firms in several major US cities. I've worked at one smaller regional firm with $500M - $1B AUM and have since worked...

04 Sep 2016