Good overview. Currently doing a VC apprenticeship/fellowship and scouting for a few funds to get a feel for it. I've realized to do VC, one needs to be able to advise founders, sit on boards seats, so better for founders and or operators to do later in their career.
Can be a trap for someone in their 20s to get into VC unless they get lucky or have the right pedigree and track to a top fund and can make it a career. Correct about lack of optionality either - I'm planning to do MBA now and probably do 2 years of IB first and then look at VC down the road potentially if I'm still drawn to it but first build basic optionality and exposure via IB.
Also note the rise of emerging and solo VC fund managers as of late - these are small first time fund managers who won't be making enough off the 2% mgmt fee to really pay much and likely not much career progression if working at one of these small funds.
Good overview. Currently doing a VC apprenticeship/fellowship and scouting for a few funds to get a feel for it. I've realized to do VC, one needs to be able to advise founders, sit on boards seats, so better for founders and or operators to do later in their career.
Can be a trap for someone in their 20s to get into VC unless they get lucky or have the right pedigree and track to a top fund and can make it a career. Correct about lack of optionality either - I'm planning to do MBA now and probably do 2 years of IB first and then look at VC down the road potentially if I'm still drawn to it but first build basic optionality and exposure via IB.
Also note the rise of emerging and solo VC fund managers as of late - these are small first time fund managers who won't be making enough off the 2% mgmt fee to really pay much and likely not much career progression if working at one of these small funds.
Thanks for the insight. Never even dabbled in VC so this is very helpful.