| Topic Name: |
Getting a VC job after Undergrad |
| Message Name: |
You're an idiot |
| Date Posted: |
06/01/2001 |
| In Reply To: |
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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| Message: |
Every guy and a dog has a VC firm? What a crock! There are two kinds of people at VC firms...those with the guts and hard work to start a fund regardless of the size and employees of the people with guts. Making statements that the only firms that matter are Tier 1 or 2 firms is ridiculous. You obviously are more concerned with hiding behind a pedigree than adding value to a company.
My professional experience after 20 years of VC investing has been that the worst VC's are former Tier 1 or 2 employees. They think they are free to make mistakes on some one else's dollar. I would much rather hire an entrepreneur who built a one million a year business out of his/her garage than a Tier 1 employee.
If you want to be a VC....network, network, network.
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