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Careers in Venture Capital (American Perspective)
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Careers in Venture Capital (American Perspective)

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  • 1. Welcome to the Evisors Webinar Visit us online at www.evisors.com Venture Capital Overview featuring Phil Strazzulla Hosted by: Career Advisors on Demand..com/webinars
  • 2. Agenda Bio What is VC? Industry Trends Recruitment for a job in VC Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 3. There are many routes to VC, here was mine: -NYU (BS Finance) -Harris Williams (Tech M&A) -OpenSky Project (NYC based eCommerce Startup) -Family Equity Partners (Search Fund) “I am a better investor because I am a businessman and I am a better businessman because I am an investor.” - Warren Buffett Hosted by: Career Advisors on Demand..com/webinars
  • 4. Quick Bessemer Overview • Oldest VC in US – founded in 1911 • $4 Billion under management • 108 IPOs • LinkedIn, Yelp, Pinterest, Skyp e, Staples, diapers.com… • 5 Offices Globally • 50 Investment Professionals • Checks from $50k - $50 mm • Industry Agnostic Hosted by: Career Advisors on Demand..com/webinars
  • 5. Venture Capitalists – what do we do? • Give money to entrepreneurs in exchange for equity • “Add Value” – Help raise money – Help hire – Think about strategy – Introduce to our network (BD, customers) – Help raise money again – Position for M&A and IPO Hosted by: Career Advisors on Demand..com/webinars
  • 6. Look for really big opportunities • 30% of our investments go to $0 • We need a few 10x returns to make up for it Hosted by: Career Advisors on Demand..com/webinars
  • 7. Venture Capital – The Industry • There are lots of funds – Geographic, stage, industry focuses • There are even more angels – Angel/early stage bubble • But, it’s a shrinking industry… Hosted by: Career Advisors on Demand..com/webinars
  • 8. The Walking Dead Source: Pitchbook 22% 13% 4% 12% -11% -3% -9% -12% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 1998 1999 2000 2001 2002 2003 2004 2005 2006 NetIRR(%)SinceInception PE VC FoF Mezz AllAs of 3/31/2010 Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 9. Culture • Sense of Humor: – bvp.com/anti-portfolio • Jeans and facial hair • “Intellectually honest” • An actual open door policy • Curious • No jerks • Invest in great companies, smartly Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 10. The Anti-Portfolio Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 11. What a junior VC does • Source deals • Talk to hundreds of CEOs a year • Lots of research on areas of personal/firm-wide interest • Network with bankers, industry experts • Diligence companies • Find great companies, and then dig in • Will this be a good investment? • Learn/Cool Stuff • Work with great entrepreneurs/CEOs, investors • VCIC, NYU Speaking, boats, ping pong, breakfast Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 12. Why do VC early in your career? • Exposure to lots of companies and the latest trends • Work with former and current entrepreneurs • See what works • See what doesn’t work • Grow your network • Because you like it – Pick the right type of fund – big differences in early vs. growth vs. PE – Pick the right culture – Pick the right brand – Pick the right job – Sourcing vs. portfolio vs. diligence Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 13. The Recruiting Cycle VCs rarely use headhunters, they rely on relationships to find deals, and employees – much different from PE. -Networking -Standing out -Positioning yourself Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 14. The interview process The classic question: What are your goals, why VC? How would you value xyz company? What questions would you ask before investing your own personal capital? Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 15. Q&A Hosted by:See the rest at evisors.com/webinars/webinar/44
  • 16. Questions & Answers Question 1: Do you need software skills to be a venture capitalist? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 17. Questions & Answers Question 2: What is the typical background of a venture capitalist? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 18. Questions & Answers Question 3: What signals tell you a certain startup company would be a great investment? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 19. Questions & Answers Question 4: When an entrepreneur is pitching to you, how much do you focus on the business plan vs. the pitch? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 20. Questions & Answers Question 5: Why do you think a company like FedEx would get rejected 5 times by Bessemer? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 21. Questions & Answers Question 6: What are job prospects like in other parts of the world compared to Silicon Valley? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 22. Questions & Answers Question 7: What firms would you recommend applying to for undergrads and graduate students? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 23. Questions & Answers Question 8: Are there distinct evaluation metrics applicants should be aware of in preparing for their interviews? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 24. Questions & Answers Question 9: What differentiates a serial entrepreneur from a venture capitalist? Hosted by:See the answer at evisors.com/webinars/webinar/44
  • 25. Thanks for Joining & Good Luck! Book your session with Phil at: http://www.evisors.com/expert/1981 Contact info: phil.strazzulla@gmail.com Hosted by:See the rest at evisors.com/webinars/webinar/44

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