| Topic Name: |
Summit Partners |
| Message Name: |
sorry bout that, cont.... |
| Date Posted: |
04/02/2002 |
| In Reply To: |
VC dood, like you said, you haven't done any valuation work yet. I look back on my consulting days and often thing the same as you (great training). When you really scruitinze it, you find that few skills really transer and you had to work with daft pricks for several years.
As to Summit, the experience will be a bit different than with other VCs. With one exception, Summit invests only in profitable companies. No doubt this strategy has generated returns for them, but at the cost of a lot of associate grunt work. Profitable companies usually don't actively look for VC money. Summit relies on associates to "dial for dollars" to generate dealflow. That means your time as an associate is mostly spent cold-calling.
Other VC programs will give you a much better experience with exposure to due dilligence, market analysis, valuation and portfolio company assistance.
Pass on Summit. |
| Message: |
working at a BB also includes a fair share of grunt work too, right?
If the ultimate goal of most BB analysts and associates is either PE, hedge fund, or VC, how on earth could a job at Summit -- a firm of extraordinary repute and performance -- be less beneficial than opting for a BB? So the money isn't as good; the hours are, the B-school options are, and the exit opportunities are?
Of course, as a sophomore in college I could be wrong. Thoughts anyone?
|
|
