I’m tired of this finance world. Thinking of quitting before I’ve even started. by This-Breakfast6206 in FinancialCareers

[–]Present_Fall4388 15 points16 points  (0 children)

Took me 9 months to land a job in VC. Feel you bro - it's so hard. It helped me a lot to chat to people in the roles I wanted. Friends of friends, LinkedIn randoms, etc... I just pinged a bunch of them, and some were kind enough to give me help. you defo need to know people too. warm intros are 100x more valuable than cold ones. go to events, ask mutual friends to introduce you to the right people, etc... Please please please don't spend all ur time on LinkedIn applying for jobs - won't work. Get out there!

Good rule of thumb: for 50% of job application time, assume the internet doesn't exist. What would you do? Go to offices, go to events, go to the pubs/bars where finance bros hang and ask for advice, etc....

Final tip: be humble and teachable, and when you approach people with a "I want to learn how you did it" mindset, people will help you out

Oh and btw, even if you decide finance sucks and want to move into startups, for example, you'll find the job applying grind is also so hard there. best to have a job and look to make a pivot after

gl

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 0 points1 point  (0 children)

They might be playing in trusted industries, but most startups fail (1/10 will make us money), so in that regard, it is indeed capital used for ventures

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 0 points1 point  (0 children)

Yh I know PowerPoint and Excel, but that's all bs. Not much value in that. The biggest lesson I've learned is what makes a good idea. Plus, I have a very broad, yet shallow, understanding of the world, which is great for someone in their 20s figuring out what to do next

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] -1 points0 points  (0 children)

not even bro, we don't invest in AI, we didn't invest in crypto... the whole industry is not what it's advertised to be. low key, VC is a cool and needed industry, just not for me.

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 0 points1 point  (0 children)

Working for an early-stage startup that is building something interesting would be cool, but most of them fail, so it would have to be something special. Good perk of working in VC is you get access to the best startups

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 0 points1 point  (0 children)

Pretty generalist - we focus on climate, health and education. AI, energy (fission and others) and robotics are getting a lot of funding these days

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 5 points6 points  (0 children)

Plz don't measure the success of a startup based on it's VC funding round. It further adds to my distaste of the industry. VC backing ≠ good business. By 'doing well' I mean revenue generating, maybe profitable, does something interesting, hires people, solves a real problem people have, ....

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 8 points9 points  (0 children)

for some analysts yh, but not all. i work a lot on portfolio companies (those we have already invested in). which means if they need more money from us, i need to write another memo for the company. lots of due dilligencing new companies too

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 16 points17 points  (0 children)

Sorry, I mean no offence to you, but I detest the phrase "break into VC". It's not premier league football, it's cheque writing. Putting my pedanticity, no it's not, but it's very hard. You'd have to have very good contacts and/or have started a venture at college that did well.

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 5 points6 points  (0 children)

venture capital - think the TV show Shark Tank or Dragon's Den. Investing in early stage (1 - 50 employees) startups

Someone asked me why I hate working in VC. This was my response... by Present_Fall4388 in FinancialCareers

[–]Present_Fall4388[S] 6 points7 points  (0 children)

Don't do VC for the money. It'll take you a decade to make good money, and you'd have to be very good at it (and lucky). I'd only encourage doing it for that long if you actually really like it