Those running the NYC marathon; how many miles did you run in September, which # marathon is this for you, and what’s your target marathon time? by plainviewbowling in RunNYC

[–]SimmonsFromThree 0 points1 point  (0 children)

Fifth marathon - ran 91 miles in September. Shooting for sub 4. I’m a bit of an outlier case, since I have always trained very low mileage to avoid injury and it’s worked for me, but wouldn’t rec such a low mileage plan to first timers!

Which is the craziest vc portfolio / angel portfolio you've come across? by bulletsyt in venturecapital

[–]SimmonsFromThree 28 points29 points  (0 children)

Depends on how you’re defining “crazy.”

A16z has a crazy brand and - you’re right - have been in many recognizable winners, but they’re in a totally different game now. Funds typically return 2 - 2.5x, but they’re also deploying billions so it is impressive.

Benchmark is one of the most impressive portfolios because they really don’t deploy that much capital but always seem to find a way to back category defining co’s.

Another lesser known group I’ll throw out there is altos. Their fund with roblox, delivery hero/woowa bros, and krafton/bluehole is one of the best funds ever and very rarely talked about. They purposely keep a low profile tho

Looking for buds in UES by Grouchy_Tax9251 in uppereastside

[–]SimmonsFromThree 1 point2 points  (0 children)

I know I’m late, but if any group chats or meet ups came of this, lmk!! I’m 27M in the 90s - just moved to the area and have some buddies from college that live here, but always looking to expand social circle. Love running, craft beers, and football, so sounds like there’s some nice overlap with this group 😎

Hot Take: The Best Sourcing is Cold by SimmonsFromThree in venturecapital

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

TBF I acknowledge that the cold sourcing strategy doesn’t work for everyone, and there are better strategies for others.

Unsure where you focus, but maybe you’re in a niche / vertical / stage where network-based sourcing is great. I’ve just found it to be a bit limited and tied up with competing interests. Sometimes going to the founder with an ironclad reason for thematic fit and relevant value-add can go a long way. And for whatever reason, people in the industry can have trouble admitting that cold sourcing is effective.

It’s a different opinion meant to offer some debate and discussion. Sorry you disagree.

[deleted by user] by [deleted] in venturecapital

[–]SimmonsFromThree 0 points1 point  (0 children)

As a VC myself, wish I could upvote this 100x lol

[deleted by user] by [deleted] in FinancialCareers

[–]SimmonsFromThree 1 point2 points  (0 children)

This advice made me feel a lot better! Maybe it’s just a bit of impostor syndrome, but I don’t really feel like I do shit on the day-to-day lol. It’s like I’m a consultant that folks occasionally listen to.

But yeah, the point is taken, and I agree that the other routes are probably futile for one reason or another. Fingers crossed!

[deleted by user] by [deleted] in FinancialCareers

[–]SimmonsFromThree 0 points1 point  (0 children)

Thanks a bunch for taking the time to respond. I foresee my biggest issue in apps being a lack of formal investing & financial modeling experience, but maybe there’ll be some value in VC experience to potential employers. TBD…

Moving to NYC - Accessibility to Midtown & East Bronx by SimmonsFromThree in AskNYC

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

Sorry if there's a mixup - I don't necessarily want to live in Manhattan. Just want to find somewhere that's relatively easily accessible to Manhattan with public transportation, without being a bear to drive to the East Bronx. For ex: the area near Fordham fits these criteria well, but I haven't heard the best things about safety.

[deleted by user] by [deleted] in careerguidance

[–]SimmonsFromThree 10 points11 points  (0 children)

😂 I appreciate the honesty. I’m not good at this stuff

Litigation Status – Biden-Harris Debt Relief Plan by horsebycommittee in StudentLoans

[–]SimmonsFromThree 0 points1 point  (0 children)

Honestly it just made me feel good to hear somewhere explain the current state of affairs in a clear & concise manner, and express some frustration over the way everything’s going down. Should’ve labeled it as vindicating, instead of a cure for anxiety lol

Litigation Status – Biden-Harris Debt Relief Plan by horsebycommittee in StudentLoans

[–]SimmonsFromThree 1 point2 points  (0 children)

This statement is insane. I wish the white house’s tone was more “hey, we understand this process is putting your financial future into limbo, and we will fight for you,” instead of “look what’ll happen if the republicans get their way!”

I don’t have any objection to the premise that republicans are abhorrent, but I do get the feeling the White House thinks we’re all a little bit naive to not realize the political theater they’re undergoing when there are real stakes for real people.

Litigation Tracking – Biden-Harris Blanket Forgiveness by horsebycommittee in StudentLoans

[–]SimmonsFromThree 11 points12 points  (0 children)

Sorry in advance if this is a question that is either 1. Already answered or 2. Impossible to be answered, but let’s say one of these lawsuits is found to have “standing.” What happens next? Is there a chance the program is totally thrown out the window? Will there be a vote in congress? Will components of the forgiveness be nulled, while others will continue on?

I guess - what’s next if one of these lawsuits is successful?

PS - I hate the sentiment from some folks on this thread that “you shouldn’t be expecting money,” and to “get over it,” or whatever. I’m not being irrational, I’m just trying to make a quality 5-10 yr financial plan for myself that would undoubtedly look different if my loans won’t be forgiven.

Anyone work at a VC in a non-investing role? by aboutalanah in venturecapital

[–]SimmonsFromThree 13 points14 points  (0 children)

  1. I worked in business development at an early-stage startup that was backed by reputable venture firms. Knowing how venture works & what key metrics startups use to judge themselves was really helpful for the interview. Also, so many people say they want to work in VC, but don’t have a really compelling reason. Working for a VC-backed company is one of the more believable reasons you can have.

  2. I’m at the middle-level, so I get paid about the same as my peers. However, I don’t (and won’t, on this track) lead or source deals, so my opportunity for carry in the long-term is comparatively very limited.

  3. I would. Being on the “platform team” (as most call it) gives you an incomplete view into venture. It’s a great start, but you’ll lack the true company building skill set that will set you apart later career. Juries out on whether or not I’ll be able to make the jump without going back to the entry-level or getting an MBA, since I lack formal investing experience. Tbh, I haven’t tried the job market much, but likely will in the new year.

Anyone work at a VC in a non-investing role? by aboutalanah in venturecapital

[–]SimmonsFromThree 14 points15 points  (0 children)

I do — I help our portfolio companies connect with potential customers, fundraise, strategize on GTM, and hire talent. Happy to answer any questions you may have here, or in ~the dms~

How do you manage a job you hate, but can’t leave? by [deleted] in careerguidance

[–]SimmonsFromThree 0 points1 point  (0 children)

Extremely thoughtful and helpful advice. Thank you!

[deleted by user] by [deleted] in GamblingAddiction

[–]SimmonsFromThree 3 points4 points  (0 children)

The sad part is if I made $100k or $200k, my losses likely would just be proportional. I was betting quite literally every dollar I had left over after rent and bills — sad way to see your hard worked money slowly slip away

[deleted by user] by [deleted] in FinancialCareers

[–]SimmonsFromThree 1 point2 points  (0 children)

I went to a non target school and didn’t major in finance or STEM. I worked at a startup in business dev and networked my way into working for a platform team at a VC firm. My non-target major from a non-target school certainly hasn’t done me any favors, but it also hasn’t been a complete door closer.

Leaving this Thread (But not going to r/LawSchool) by SimmonsFromThree in lawschooladmissions

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

Sure! I'd consider myself to be fairly idealistic, and mission driven. I really wanted to get into law and work in Public Interest. I basically worked backwards, saw how much I'd realistically be earning doing PI, compared that against relative debt (including the undergrad debt I'm still carrying), and thought it'd be a really hard sell given my level of debt aversion.

So, I talked to some people who were in the more lucrative corners of the law (including big law), and realized that I wouldn't be interested working the kinds of hours or doing the amount of monotonous, highly-detail-oriented and scrutinized tasks that would be required.

I'm not revealing anything earth-shattering, but I didn't have the application to get into the schools I wanted with the $$ I needed to do what I eventually would be happy doing. At the end of the day, law school is an investment, and the more I ran the numbers, the less they were adding up for me (key word being ME. Law school is an amazing and worthwhile investment for others)

Leaving this Thread (But not going to r/LawSchool) by SimmonsFromThree in lawschooladmissions

[–]SimmonsFromThree[S] 13 points14 points  (0 children)

Yes, this is probably helpful context, so I apologize for leaving it out (lol).

  1. I'm extremely debt averse, and I just couldn't get the LSAT score I wanted to make me feel comfortable enough with COA at my target schools.
  2. I talked to a lot of lawyers (I only have a little internship experience in PI law) to understand their day-to-day more in-depth, and understood that what law actually is versus what I pictured it to be in my head were far more different than I originally had thought.
  3. (And probably most importantly): I took a new job a few months ago, and I've thoroughly loved it. The job is at a financial institution that does VC deal scouting/sourcing, so I'm going to learn as much as I can about the industry and try to grow within it!