|By John Gannon||
|December 29, 2013 09:36 PM EST||
Hello John,Thanks a lot for the great great great VC job hunting tips that you shared through mailing list and posts on your website.Following your suggestion, I have recently had an informational intervew/conversation with a managing partner of a VC firm. The overall feedback is good, I felt that he is happy with my qualifications (PhD in —-, and currently working in a —-). Now I have two questions emerged after this conversation, and I think your insights would be very much appreciated on them:1) The partner said that his firm only hires junior members as analyst/intern who works for them on a hourly basis. He even shared with me the salary that they are paying which is really an intern salary.My question is: in your book and on your website, you repetively emphasize entering VC is hard, once you are in, you are in. I am really interested in and passionate about a career in VC, but is it worthy for me to enter VC as an analyst/intern, receiving hourly salary ( abandoning a consultant salary and not to mention no additional benefit with an hourly pay such as pension and health insurance etc)?
- State that you’d want to be paid similarly to your peer group at other funds of similar size OR
- State that you’d prefer to discuss compensation later in the interview process once you have a better sense of the job requirements and the particulars of the firm.
2) Secondly, he suggested I could go for a secondary captial firm (secondary buy-out / directs), as he described they are having a booming business right now in life science session. Are you familiar with this kind of VCs? and any difference in the job-hunting tactics with such VCs?
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Filed under: Uncategorized Tagged: vc, Venture capital