Monday, September 14, 2020

In VC, taking Questions

 

Date: September 12th, 2020 1:01 PM
Author: nyreal

At a small firm. Ask me anything about the VC world?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40908565)



Reply Favorite

Date: September 12th, 2020 4:22 PM
Author: nyreal

bump

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909304)



Reply Favorite

Date: September 12th, 2020 4:23 PM
Author: ""'''"'''

why do you exist

all stages of funding should be done by angels, institutions/HNW investing principally, ending with bigcorp acquisitions

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909311)



Reply Favorite

Date: September 12th, 2020 4:29 PM
Author: nyreal

VCs allegedly have a network that is greater than the sum of its parts (Angel Investors, etc), and you can create a portfolio to spread risk and be a better investment for institutions who don't have the "expertise".



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909342)



Reply Favorite

Date: September 12th, 2020 4:31 PM
Author: Charles' 12 inch Long Wang

How was life in Ho Chi Minh City?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909354)



Reply Favorite

Date: September 12th, 2020 4:32 PM
Author: ;..;.;;;.;;.;.;.;;;.;;;.;.;;;....;.


Has business dried up since the pandemic began?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909355)



Reply Favorite

Date: September 12th, 2020 5:24 PM
Author: nyreal

Raising has gotten harder. Valuations are lower, so that's a plus, but the business climate is a bit weaker, but not detrimantally so.

TLDR: No

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909685)



Reply Favorite

Date: September 12th, 2020 4:39 PM
Author: I-ya likea da human host berry much

How to break in?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909387)



Reply Favorite

Date: September 12th, 2020 4:40 PM
Author: The consensus of scientists.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909392)



Reply Favorite

Date: September 12th, 2020 5:28 PM
Author: nyreal

Why do you want to break into VC?

There's a big difference between Sequoia, KPCB, Benchmark, etc, and the smaller funds. It's very top-heavy.

But there are two main ways:

1) Network like crazy to be an associate and then leave after two years

2) Have an exit and be invited to join as a Partner.

2 is infinitely better than 1.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909713)



Reply Favorite

Date: September 12th, 2020 4:41 PM
Author: .,.,,..,.,,.,.,:,,:,..,,:::,...,:,.,.:...:.,:.::,.


comp last year? what are you anticipating this year. what level seniority

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909399)



Reply Favorite

Date: September 13th, 2020 1:43 PM
Author: .,..,.,,.,.,..,.,.,.,..,..,..,.,..,,.,.,.,.




(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913242)



Reply Favorite

Date: September 13th, 2020 4:49 PM
Author: Harald Hadrada



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913972)



Reply Favorite

Date: September 13th, 2020 5:07 PM
Author: nyreal

Base: $120 + 20-40% of base as bonus.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914032)



Reply Favorite

Date: September 12th, 2020 4:43 PM
Author: shitlib unable to get out of bed on 04 Nov 2020

what kind of returns do you target?

what industries?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909407)



Reply Favorite

Date: September 12th, 2020 5:30 PM
Author: nyreal

Industries are B2B, and digitalization of industry.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909719)



Reply Favorite

Date: September 12th, 2020 5:27 PM
Author: ''''''''''''''''''''''

What do you think of vc lawyers?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909708)



Reply Favorite

Date: September 12th, 2020 5:29 PM
Author: nyreal

Necessary evil, and expensive.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909716)



Reply Favorite

Date: September 12th, 2020 5:47 PM
Author: ''''''''''''''''''''''

What makes a good vc lawyer stand out?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909788)



Reply Favorite

Date: September 12th, 2020 5:30 PM
Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,,


don’t you have an adverse selection problem as a smaller firm? funding from the top funds seems to pay for itself in the form of higher valuations. listing them in your cap table has lots of tangible (bigger network, operational talent, etc) and intangible (i bet all else equal sequoia names ipo at higher valuations) benefits.

so the opportunities that cross your desk are basically almost always inferior, no? they’re ones the top names probably already passed on

also do you do series a or later stage investments? the latter seems increasingly like a suckers game

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909718)



Reply Favorite

Date: September 12th, 2020 5:32 PM
Author: nyreal

Yes the names that cross our desk are inferior from an inbound standpoint. However, there's outbound reach-outs and you can get traction (co-invest with Sequoia's, be seed lead investors, etc) based on personality and partner's background.

We do series A and seed, but really series A as product market fit is really important to us. Series B + is more growth equity and that's a different ballgame.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909728)



Reply Favorite

Date: September 12th, 2020 5:39 PM
Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,,


does vc have a future if ipos never come back? Can m&a and spacs completely replace ipos as the way to exit

i’d probably miss selling overvalued stock to stupid retail investors if i were a vc investor

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909753)



Reply Favorite

Date: September 12th, 2020 5:40 PM
Author: nyreal

IPOs never left, and will always be there. M&A is always there.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909758)



Reply Favorite

Date: September 12th, 2020 5:43 PM
Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,,


they’re well under <10% of all vc exits and all the money in private markets suggests they’re going away for all but the zooms and ubers of the world

how would a financial sponsors investment banker make money from you? ie how do they add value, assuming any do? i bet you hate sell side bankers (99% of vc guys do)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909769)



Reply Favorite

Date: September 13th, 2020 12:35 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


i did ibanking years ago

we don't make money from vcs. all our pitch decks have PE firm names on them and if u want to know my team's breakdown of revenue it was 85% from corporates and 15% from pe and misc like getting some kickback leveraging our cap markets for bundled financing M&A/lbo deals

pe firms get GIANT DISCOUNTS in fees but we deal with this shit because even a large corp may only do 1 deal every few years, but PE firms have such high volume we're constantly sucking their dick cause it's a familiar dick. similar to whores preferring 1 sugar daddy paying them less but is a regular customer for 10 years vs pitching 10 sugar daddies who only have 1-2 fuck sessions to give.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912989)



Reply Favorite

Date: September 12th, 2020 5:36 PM
Author: Stalin (retired)

how much do you make

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909741)



Reply Favorite

Date: September 12th, 2020 5:38 PM
Author: nyreal

Base: $120k + bonus ($24k to $48k)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909748)



Reply Favorite

Date: September 12th, 2020 5:38 PM
Author: Stalin (retired)

seems very low

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909751)



Reply Favorite

Date: September 12th, 2020 5:41 PM
Author: shitlib unable to get out of bed on 04 Nov 2020

Lmao

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909761)



Reply Favorite

Date: September 12th, 2020 5:43 PM
Author: .,.,,..,.,,.,.,:,,:,..,,:::,...,:,.,.:...:.,:.::,.




(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909770)



Reply Favorite

Date: September 12th, 2020 5:44 PM
Author: Stalin (retired)



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909771)



Reply Favorite

Date: September 12th, 2020 5:44 PM
Author: nyreal



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909774)



Reply Favorite

Date: September 12th, 2020 5:46 PM
Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,,


seniority?

i’d rather be paid $80k to do vc than $400k to be a corporate lawyer fyi

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909781)



Reply Favorite

Date: September 12th, 2020 5:47 PM
Author: nyreal

Senior Associate / VP. Hours are 40hrs/ wk.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909786)



Reply Favorite

Date: September 12th, 2020 5:48 PM
Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,,


goddamn son. any carry at least?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909791)



Reply Favorite

Date: September 12th, 2020 5:49 PM
Author: nyreal

Not yet.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909797)



Reply Favorite

Date: September 12th, 2020 7:12 PM
Author: Cogsworth

lol

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910187)



Reply Favorite

Date: September 13th, 2020 9:53 AM
Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,,


100% true. investing >>> worthless rent seeking scribe

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912420)



Reply Favorite

Date: September 13th, 2020 1:48 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


doubt that

if u wanna cold call 40 hours a week email me

i know plenty of firms including surveymonkey who will pay u $80k for that

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913262)



Reply Favorite

Date: September 14th, 2020 9:15 AM
Author: nyreal

I do very very little cold calling. Maybe 5% of my time is emailing potential portfolio companies.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916840)



Reply Favorite

Date: September 12th, 2020 5:46 PM
Author: I'm gay tp

How many hours do you work per week?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909782)



Reply Favorite

Date: September 12th, 2020 5:48 PM
Author: nyreal

40

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909789)



Reply Favorite

Date: September 12th, 2020 7:10 PM
Author: litigation

Damn son I’ll make 500 this year as a lolyer

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910181)



Reply Favorite

Date: September 12th, 2020 7:15 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


v10? how many years in biglaw

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910206)



Reply Favorite

Date: September 13th, 2020 1:46 PM
Author: .,..,.,,.,.,..,.,.,.,..,..,..,.,..,,.,.,.,.


Does this career path offer a track to being a partner or getting the real $$? What’s the timeline?

Do you have to live in the Bay Area on that salary?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913254)



Reply Favorite

Date: September 13th, 2020 2:26 PM
Author: nyreal

There is often no path to being partner. Unless it’s explicitly stated at joining that you’re on partner track, which is rare, you don’t become a partner unless one day you Somehow do. No guarantees. Often, this comes at the expense of someone else getting booted.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913434)



Reply Favorite

Date: September 13th, 2020 11:11 PM
Author: .,..,.,,.,.,..,.,.,.,..,..,..,.,..,,.,.,.,.


So what’s the payoff here? If you stay an associate for years, that’s the end game and your salary keeps improving?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915734)



Reply Favorite

Date: September 13th, 2020 5:59 PM
Author: ;;;;;;;::::;;::;;;;::::;

sorry did you say VC or associate-level corporate banker working in NC office of wells fargo?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914263)



Reply Favorite

Date: September 12th, 2020 5:54 PM
Author: ""'''"'''

what's with VC's that get booted acting like they wanted to leave/start a company all along

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909822)



Reply Favorite

Date: September 12th, 2020 6:04 PM
Author: nyreal

Partners get booted all the time and it can be a toxic/ drama filled environment. When you’re unwelcome, you’ll know it. I’m seeing it with one of the associates and partners today.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909871)



Reply Favorite

Date: September 12th, 2020 6:28 PM
Author: ""'''"'''

I mean associates who have been on a prestige maximization / risk minimization path their whole life suddenly acting like they're startup material after getting the rug pulled out from under them (like you're not getting promoted)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909986)



Reply Favorite

Date: September 12th, 2020 7:03 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


can u go into more detail

what do u mean ur seeing it today

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910134)



Reply Favorite

Date: September 13th, 2020 2:09 AM
Author: nyreal

As in their actions/ motivations get questioned/ scrutinized more during Monday calls. “Why are you doing this? Why are you not doing this?” Typical corporate politics when they want to push out someone.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911748)



Reply Favorite

Date: September 13th, 2020 1:40 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


god that's demoralizing af

i've seen it before too but it sucks for everyone on the call

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913228)



Reply Favorite

Date: September 12th, 2020 7:05 PM
Author: exeunt (0x6c542c3a976e324ccb84d594cbc084bd57597849)

what are the best small VC firms

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910146)



Reply Favorite

Date: September 13th, 2020 2:13 AM
Author: nyreal

If you’re good you’re not small since your portfolio co have exits and as a result you’ve been successful at raising funds. Leading indicators have a long tail since gestation periods of startups before they go public is 5-7 years.

In other words, I have no fucking clue, but maybe Emergence, QED? They’re not small but you probably haven’t heard of them.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911762)



Reply Favorite

Date: September 13th, 2020 9:56 AM
Author: batgod

Does your Firm qualify?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912432)



Reply Favorite

Date: September 13th, 2020 1:16 PM
Author: nyreal

No

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913133)



Reply Favorite

Date: September 12th, 2020 7:18 PM
Author: Cogsworth

how many of the senior people are rich?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910218)



Reply Favorite

Date: September 13th, 2020 2:10 AM
Author: nyreal

Our founding GP is rich. Probably has a net worth of $30M.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911753)



Reply Favorite

Date: September 13th, 2020 10:31 AM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


that's pretty shit compared to megafund PE

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912541)



Reply Favorite

Date: September 13th, 2020 11:26 AM
Author: nyreal

Yeah, we don’t have PE $$ in VC but the hours are a lot better.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912740)



Reply Favorite

Date: September 13th, 2020 6:15 AM
Author: nyreal

Taking questions for the next 4 hours.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912055)



Reply Favorite

Date: September 13th, 2020 6:22 AM
Author: shitlib unable to get out of bed on 04 Nov 2020

what is your personal end game?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912058)



Reply Favorite

Date: September 13th, 2020 6:23 AM
Author: nyreal

VC partner (at a Top 10 firm), or start own firm.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912060)



Reply Favorite

Date: September 13th, 2020 6:33 AM
Author: shitlib unable to get out of bed on 04 Nov 2020

do you think that’s realistic considering that you are currently getting paid like a glorified secretary?

not trying to be rude, but imo people who end up at that level are on the fast track very early on

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912064)



Reply Favorite

Date: September 13th, 2020 6:49 AM
Author: nyreal

Agreed, it's not realistic. But a guy can hope.

A more realistic target is Bus Dev Director at a startup/ portfolio co. And then re-looping once there's an exit.

You seem to know more than you're letting on. Are you in the industry?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912069)



Reply Favorite

Date: September 13th, 2020 6:52 AM
Author: shitlib unable to get out of bed on 04 Nov 2020

not really. but I worked somewhere where I was never gonna be at the top, so I started my own business in a slightly different sphere. took a while to get my income back up but so much happier

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912070)



Reply Favorite

Date: September 13th, 2020 9:01 AM
Author: nyreal

Yeah but starting your own gig in VC is hard without a track record. Raising $$$ is not so easy. And I don’t have family $$$.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912253)



Reply Favorite

Date: September 13th, 2020 9:06 AM
Author: shitlib unable to get out of bed on 04 Nov 2020

it’s not easy whatsoever

but neither is having to suck miles of cock of those above you for decades of your life

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912261)



Reply Favorite

Date: September 13th, 2020 9:55 AM
Author: batgod

Why doesn't your income scale with that of other internet posters? I thought VC/PE = $$$$$$$$$$$$$$$$$$$$$$$$$$. Do you just answer the phones or what. What City? You make the same as pedude and he thinks his income is ignominious and he isn't even in PE.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912425)



Reply Favorite

Date: September 13th, 2020 10:38 AM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


in terms of pay and prestige it goes:

megafund PE > upper mid market > top 5 VC sequoia accel etc. > mid market PE > growth equity > lower mid market PE > large vc > in-n-out manager > small vc

there's nothing to do at the vc stage if ur not a partner. there's no financials. there's no analysis. all u do is cold call and try to get a top startup to take ur shitty deal and preference stack before they ultimately email sequoia which is why it's a winner take all since 95% of startups fail and the good ones know exactly who to email first and it's not going to be nyreal & batgod's VC firm

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912569)



Reply Favorite

Date: September 13th, 2020 10:42 AM
Author: batgod

I prefer the name, "batgod LLC"

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912583)



Reply Favorite

Date: September 13th, 2020 10:51 AM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


start it up bro u can do it

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912609)



Reply Favorite

Date: September 13th, 2020 11:45 AM
Author: nyreal

Pay I agree. Prestige VC firms move up a few spot. Pretty sure Sequoia would be same prestige as mega PE.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912795)



Reply Favorite

Date: September 13th, 2020 12:14 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


maybe, ur focusing on the wrong things

who cares if cross admit battle between blackstone/kkr and sequoia is 70% vs. 80%. or maybe it's 60%.

what matters is can u retire early with a yacht or a few houses or never and just continue wage cucking.

Because when u die ur bones turn to ash and all u had was ur shitty meager blip of an existence

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912919)



Reply Favorite

Date: September 13th, 2020 12:19 PM
Author: batgod

His posts will live on however. Who wants to read about some low-income Loser. At least if he is a Partner he can post a higher income and make the past less ignominious to reflect on for our descendants reading archive.org. What we do in life echoes in eternity.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912937)



Reply Favorite

Date: September 13th, 2020 12:31 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


agreed but he needs to have a plan to get out of this shitty 1st year midlaw salary stage

it's VERY HARD to make partner in a vc firm, it's harder in small shitty ones because if someone is in the position to boost u up to replace them, they would have to quit or die. there's no structure and very little meat to go around all the hungry mouths. and ur entirely 100% replaceable since ur a cold calling machine.

it's actually easier at sequoia to get partner vs. a generic vc or shit vc because if u get lucky and the stars align u may have enough experience in a niche field in a large org to sneak past the door and then get inside.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912979)



Reply Favorite

Date: September 13th, 2020 1:17 PM
Author: nyreal

This guy knows what he’s talking about.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913136)



Reply Favorite

Date: September 13th, 2020 4:42 PM
Author: ""'''"'''

"cross admit"

what makes you think they'd (top VC) ever offer a job to someone who would turn them down for KKR/BX

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913945)



Reply Favorite

Date: September 13th, 2020 9:56 AM
Author: ;;::;;

Does military experience help in getting hired?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912429)



Reply Favorite

Date: September 13th, 2020 12:19 PM
Author: batgod

(Rudolph)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912940)



Reply Favorite

Date: September 13th, 2020 12:21 PM
Author: nyreal

Not for VC. It’s a + for IB and PE.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912943)



Reply Favorite

Date: September 13th, 2020 3:58 PM
Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,,




(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913764)



Reply Favorite

Date: September 13th, 2020 2:27 PM
Author: Mike Fart

do you get carry

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913437)



Reply Favorite

Date: September 13th, 2020 2:56 PM
Author: nyreal

At my current level I don’t. That’s where the real $$ is but that only pays out every 5-7 years. And unless you have a monster exit, carry really doesn’t add up to much amortized.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913574)



Reply Favorite

Date: September 13th, 2020 3:04 PM
Author: Mike Fart

lol faggot

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913593)



Reply Favorite

Date: September 13th, 2020 7:01 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


my buddy does vc he says the same thing as u

it's all prestige and 0 pay. some of these guys live in SF with 3 roommates in a fucking box apartment.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914494)



Reply Favorite

Date: September 14th, 2020 10:13 AM
Author: Mike Fart

sometimes you hit the lottery/have “vision” and can retire in your 30s/40s

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917009)



Reply Favorite


Date: September 14th, 2020 8:44 PM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


ask anyone in vc

in those situations u'd rather be in the startup

mark zuckerberg got rich

the 20th employee at facebook got rich

peter thiel got rich

but even peter thiel's junior didn't see shit, much less some smaller vc firm's associates on those big exits

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920395)



Reply Favorite

Date: September 13th, 2020 4:00 PM
Author: nyreal

Any questions on what I do on a day to day basis?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913774)



Reply Favorite

Date: September 13th, 2020 4:10 PM
Author: I'm gay tp

No one cares

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913837)



Reply Favorite

Date: September 13th, 2020 4:20 PM
Author: 36 yr old loser

what percent of your colleagues have a background in sales/technical/finance background?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913886)



Reply Favorite

Date: September 13th, 2020 5:08 PM
Author: nyreal

Sales: 0%

Technical: just me

Finance: everyone else



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914035)



Reply Favorite

Date: September 13th, 2020 4:44 PM
Author: ""'''"'''

how embarrassing is it for an ex-VC to have a startup not funded by their ex firm

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913956)



Reply Favorite

Date: September 13th, 2020 5:10 PM
Author: nyreal

Not that embarrassing. No one cares. We look at the product-market fit above all else. Someone else investing makes you do a double take, so it's a positive if anyone invests, but not necessarily a negative if your ex-firm does not invest.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914038)



Reply Favorite

Date: September 13th, 2020 6:08 PM
Author: ""'''"'''

couldn't a famous angel like Naval just be a seed/A investor instead, what's the difference

how rich do you think a guy like that is

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914303)



Reply Favorite

Date: September 13th, 2020 11:15 PM
Author: .,..,.,,.,.,..,.,.,.,..,..,..,.,..,,.,.,.,.


Good question. Also who TF is Naval?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915753)



Reply Favorite

Date: September 13th, 2020 11:26 PM
Author: ""'''"'''

https://en.wikipedia.org/wiki/Naval_Ravikant

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915792)



Reply Favorite

Date: September 14th, 2020 8:26 AM
Author: nyreal

Admittedly I don’t know much about angel investing except for one key fact:

They are champs at the seed round and thus could have better returns than VCs on a percentage basis since most VCs come in at later seed or Series A. They have an institutional advantage over professional VCs in that they can spray and are faster moving, less bureaucratic.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916725)



Reply Favorite

Date: September 13th, 2020 11:30 PM
Author: I-ya likea da human host berry much

Thoughts on rolling funds and their potential?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915804)



Reply Favorite

Date: September 14th, 2020 8:27 AM
Author: nyreal

No insight.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916728)



Reply Favorite

Date: September 14th, 2020 8:28 AM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


do u manage anyone?

i.e. analysts, summer interns

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916733)



Reply Favorite

Date: September 14th, 2020 9:03 AM
Author: nyreal

Nope.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916801)



Reply Favorite

Date: September 14th, 2020 9:13 AM
Author: ,.,.,.,.,.,...,.,.,.,..,.,.,.,.,.,,,,,,


is there anyone below you at least?

if so, what happens when they join, they dont report to u?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916839)



Reply Favorite

Date: September 14th, 2020 9:17 AM
Author: nyreal

They work on stuff for the Partners, and we may work together with me being the Unofficial Lead, without me having direct Chan of command.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916841)



Reply Favorite

Date: September 14th, 2020 9:17 AM
Author: [- -] (xoentlaw@gmail.com)

How long will you stay in your current gig.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916842)



Reply Favorite

Date: September 14th, 2020 10:12 AM
Author: nyreal

1-2 years.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916997)



Reply Favorite

Date: September 14th, 2020 10:19 AM
Author: Mike Fart

after that?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917044)



Reply Favorite

Date: September 14th, 2020 10:36 AM
Author: nyreal

Switch to a bigger firm or run a company.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917099)



Reply Favorite

Date: September 14th, 2020 4:19 PM
Author: nyreal

Ask me about due diligence..

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40918862)



Reply Favorite

Date: September 14th, 2020 4:56 PM
Author: exeunt (0x6c542c3a976e324ccb84d594cbc084bd57597849)

how do u do due diligence on a founder/team/company

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40919096)


No comments:

Post a Comment