GV_influenzerStudent17mo
Apothecary
AMA: Worked at tier 2 VC - got in post a few years of workex and a tier 2 Indian uni
Go ahead, ask if we pushed founders to commit fraud.
17mo ago
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Curated from across
Go ahead, ask if we pushed founders to commit fraud.
What do you exactly do? How did you get in? How much money do you make & growth you see over the years? And how do you crack top tier VC roles in the investment domain. Asking for my Lil bro. I don't care about the frauds you can do as many as you want.
-speak to founders and evaluate PPTs, post this if we feel it's a good deal - take it to seniors. If it works well, deal goes thru and you work with portfolio once in a while to see how things are shaping up -got in via a solid referral -associates at tier 2 can make anywhere between 40-60L, growth is like a consulting firm only. Carry component doesn't happen / get triggered in a short span of time -top tier roles are super hard to get even after being in tier 2 VCs
Associates at Tier 2 can make 40-60L You’re referring to post MBA role?
As a possible career path in the future,What is the tc (base, bonus,carry) at VP or principal levels
Tier 1: -1.5 to 2cr + 40-50% bonus + smol carry
Tier 2: -75L to 1.2cr + similar bonus + smol carry
Carry is pointless if you don't stay for 10 years after getting carry - else it won't materialize.... fund cycles are super long
Thanks! Is this for VP or principal? Assuming VP is partner-2 and principal is partner-1
Hey, thanks for taking out the time to do this!
I’m Currently working as a Senior Analyst in the capability arm of a MBB consulting firm. V passionate regarding VC and would want to ideally make the switch soon. Would be great to know your thoughts on the following:
a) What do you think of the current hiring market? Do you think it’ll get better or stay as it is? I’ve heard a lot of funds are not laying off but rather pausing hiring b) Would you recommend to wait for an opportunity with a Tier 1/1.5 firm and stay at my current company or be willing to switch to a Tier 2/2.5 VC with the hope of moving to Tier 1? c) If I cannot make the switch to a Tier 1/1.5 VC directly, will the experience of working in a hedge fund/public market fund be considered valuable?
Would be extremely insightful if you can let me know any tips that helped you get an offer.
Thanks a lot!
I can tell you're from BCN my friend - haven't heard great things about the work there so id suggest you switch asap, now to your Qs:
Hey man - thanks a lot for responding!
Just a few follow up Qs if you don’t mind -
a) the BCN part is fascinating - have people in VC started to look down upon it? b) And yeah, exactly, since deal flow is down, do you expect it to get better anytime soon? Basically I’m trying to understand if I should take up any VC opportunity I can find the earliest or wait for an opportunity with a fund I’d actually want to join c) Hmm the tier 1 startup thing I’ve heard from other people too - how would you personally define Tier 1 startups? Series D/E and T1 investors? Also, how long would I need to stay at a startup before making the switch to VC?
Thanks again!
I have more specific questions focused around opportunities in VC, would be great if you could help me understand those.
What VCs are considered tier 2 in your opinion? Could you share a few names that would help me anchor it to similar sized funds
When you spoke about referral, was it from an internal team member or a portfolio founder ? What works best in these situations to get a foot in the door
Are operators considered or given weightage for these roles ?
Have a similar journey and been a 2X founder as well. Come from a fairly good college, but I am sure that'd be considered tier-2 in the Indian context. So super curious to know :) Been trying to crack into it for 2 months to understand the opp and entry into the domain
Best of luck on the process my friend, you'll get there! Ps: you should also cold email a ton of foreign VCs just to start working part time for free for their partners (some parts of their work), after some persistence they usually cave in and give you some work - just show some enthusiasm
Knew this as concept but didn't know the term. Learnt it last week on one of my posts here
Have you faced this in any of your previous companies?
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