Venture capitalist salary12/27/2023 ![]() You could be right, and even if you're not, your evidence-based conviction could help you to get a venture capital job.Ĭontact: in the first instance. "Write it down, collect the evidence and prove that the thesis is real," he said. Greenstreet said that if you have a thesis about the next big thing, then develop it and pitch it to potential employers. "We look for passion, conviction, hustle and really wanting to work in this space," she said. If you're pushing for a first job in VC, Hougard said the most important thing is to show that you're passionate about the start-up ecosystem. Speaking at the Black Tech Fest, Newton Venture executive Lisa Shu said they're focused on "overlooked and underestimated groups." Newton's participants become part of a community which enables them to thrive and not just survive in the VC industry, Shu said. Applicants need two years' work experience, which can be from any sector. If you're from a minority background, and you want to work in venture capital in the UK, another alternative is the Newton Venture Program, which has a mission to diversify the VC industry. When he joined Accenture, Greenstreet said he helped persuade them to work with start-ups instead of just larger established firms.Īlternative routes into venture capital jobs Ladi Greenstreet, the UK lead for Accenture Ventures, said he spent some time working in Silicon Valley and consulted for start-ups before joining Accenture. While some people move into venture capital after careers in banking, plenty don't. And then one day an email popped into my inbox about a project on one of Google's investment funds.That turned into a full-time role and I moved to San Francisco for five years to work for them." "I was told I had to work for Goldman Sachs or McKinsey if I wanted to work in VC," said Therese. Speaking at last year's Black Tech Fest, Terese Hougard, an investor at Atomico, said it can be difficult to get into the venture capital industry if you have a slightly different background. It helps to have worked in start-ups or for technology firms Do you attend meet-ups for technology start-ups? Do you have an existing network that can inform you of emergent technologies? Both will help. If you want to stand out as an applicant, it will help if you can demonstrate an ability to talk to and understand entrepreneurs. Venture capital is not a calling for people who like desk work. "You will essentially be speaking to a very high volume of entrepreneurs about their ideas, and out there in the market trying to find the next big thing that's coming up through the grapevine," says Grim. ![]() For this, you will need to be a person who likes talking to people rather than simply crunching numbers. When you start out in venture capital, you will spend a lot of time sourcing companies for the fund to invest in, says Grim. Junior venture capital jobs are particularly about networking To work in venture capital, you will need to be good at least one of these things." "They fundamentally are engaged in four things - trying to find new investments (sourcing), analyzing potential investments, trying to win investments over other venture capital funds, and then trying to support companies once they've invested in them. "If you want to work in venture capital, it helps to understand what VC funds do," says Grim. While plenty of people go into venture capital from banks and consulting firms, what really differentiates VC candidates is an ability to talk to founders, says Grim. The skills you'll need for venture capital jobs Grim says the venture capital industry is "professionalizing" as it expands and matures, and that funds are becoming more choosy about who they recruit. Henrik Grim, the general manager for Europe at Capchase, a digital platform funding SaaS start-ups, spent nearly five years in European private equity before joining Capchase last May.
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