The required skill set and experience depend on the level at which you enter the industry. Venture Capital Job Skills and Requirements Senior-level VC roles are a different story – there, the job is the endgame, and it’s something that you might target after significant experience at startups or in executive roles at large companies. There is only one great reason to aim for junior-level VC roles: because you are extremely passionate about startups and you want to use the role to learn, build a network, and leverage it to win other startup-related roles in the future. The technical work is much simpler than in most IB and PE roles, and you spend more time on qualitative tasks such as meetings, research, and brand-building. Salaries and bonuses are a significant discount to investment banking, private equity, and hedge fund compensation, and junior-level roles rarely lead to Partner-track positions. If your main goal is becoming wealthy ASAP or advancing up the ladder as quickly as possible, you should look elsewhere. Venture capital is a “get rich slowly” job where the potential upside lies decades into the future. Junior VCs, such as Analysts and Associates, spend more of their time on sourcing and deal execution, while senior VCs, such as the Partners, spend more of their time on portfolio company support. Most venture capitalists spend the bulk of their time on the first three tasks in this list: sourcing, deal execution, and portfolio company support.
You could divide the job into these six areas: Venture capitalists spend their time on this process of raising funds, finding startups to invest in, negotiating deal terms, and helping the startups grow. Since the risks are so high, VCs expect most of their investments to fail.īut if they find the next Google, Facebook, or Uber, they could earn exceptional returns even if all their other portfolio companies fail.
Most of these high-growth-potential companies are in technology and healthcare, but some VCs also invest in cleantech, retail, education, and other industries. Then, they aim to grow these companies and eventually exit via acquisitions or initial public offerings (IPOs). Venture capital firms raise capital from Limited Partners, such as pension funds, endowments, and family offices, and then invest in early-stage, high-growth-potential companies in exchange for equity (i.e., ownership in the companies). We’ll dig into the reality of the job here, including the work itself, an average day on the job, the hierarchy and promotions, salaries and bonuses, and more: What Do Venture Capitalists Do? Then, company executives do the work, you “monitor performance,” and you cash in when the company gets acquired or goes public.Īs you’ll see, the venture capital career path in real life is more complex and challenging than its portrayal in the media. You meet with amazing entrepreneurs all day… dig into their businesses… and then decide who will receive a 7, 8, or 9-figure check from your firm.
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If you go by the news, movies, and TV shows, venture capital careers seem glamorous. Venture Capital General Partner or Managing Director Job Description.Venture Capital Partner or Junior Partner Job Description.Venture Capital Principal or VP Job Description.Venture Capital Senior Associate or Post-MBA Associate Job Description.Venture Capital Associate or Pre-MBA Associate Job Description.Venture Capital Analyst Job Description.Venture Capital Job Skills and Requirements.
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