| Topic Name: |
Getting a VC job after Undergrad |
| Message Name: |
Easy |
| Date Posted: |
05/03/2001 |
| In Reply To: |
Can someone right out of undergrad from a top university obtain a position at a VC? Please advise me.. |
| Message: |
It's easy to get a "VC" job nowadays. Every guy and a dog has a VC firm. Read for example the statistics on the VC glut in a recent morgan stanley report http://www.morganstanley.com/techresearch/internetecom/info.html
The problem is that a job with any vc outside tier 1 or tier 2 is essentially worthless. VC is an extremely complex discipline, and very few players have a track record of success in the industry (shops with ex-bankers or ex-industry captains don't count either, a good banker is often a terrible VC).
If you can't get an entry level job at a top VC, i wouldn't even bother. A lot of the small shops are just making stuff up as they go along, not the best learning environment. Exercise the discipline, join an i-bank or operating company, and get the right amount of experience to join a top VC at the right time.
IMHO joining VC out of school is presumptuous, like studying "business" (having never practiced it before) as an undergraduate. That's why the top firms almost never hire directly out of school.
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