| Topic Name: |
Corporate VC career path |
| Message Name: |
it's an opportunity |
| Date Posted: |
01/17/2001 |
| In Reply To: |
My bachelor's is in economics from a (good) state school, but no MBA. I do have 10+ years work experience, all technical with progressive responsibility (software development, Internet network engineering, project management, senior engineering management) and have worked at a Very Large telecom carrier for the last 6+ years. My company has a corporate venture arm and I have an offer from them.
I know that I won't have the financial perks of a VC at a private firm (no carry, no closing bonus, yearly bonuses in line with the corporate level) Given my background, do I have an opportunity at learning something there that will translate to a private firm? What are my chances at a private firm w/o an MBA but having substantial technical operating experience and a good financial background
Corporate VCs are always labeled "dumb money", does this job add or subtract in going to a private firm?
Any thoughts on this would be appreciated! |
| Message: |
Personally, I would take the opportunity to learn, build your network, and build your resume. Yes, corporate money makes mistakes, but there are knocks that can be made against pure VCs as well. Right now, they're cowering because the NASDAQ has dipped. There's never been such a good time to bring innovations to market through start-ups, but they overreacted when the market was good, and now they're overreacting to a dip.
Take the opportunity to learn in-house, and use it elsewhere when the market picks up again!
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