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Finance vs. Entrepreneurship
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Finance vs. Entrepreneurship

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  • 1. Visit evisors.com to browse all finance & entrepreneurship experts who can help you with: • Mock Interviews • Resumes & Cover Letters • Informational Interviews …and more! Hosted by: Career Advisors on Demand..com/webinars
  • 2. Gecko vs. Zuckerberg Deciding between finance and entrepreneurship featuring: Michael Simpson Co-Founder Caitlin Quan Evisors Marketing & Operations Associate Hosted by: Hosted by: Career Advisors on Demand..com/webinars
  • 3. Agenda 1. Intro 2. Investment banking 3. Startups 4. How to get into startups 5. Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 4. Why Michael is qualified Education Professional Hosted by: Career Advisors on Demand..com/webinars
  • 5. What you will get out of this presentation • Learn the differences between finance and startups (compensation, lifestyle, career trajectory etc.) • Gain an unfair advantage in the startup recruitment process • Learn how to leverage a finance background in recruiting for startups Hosted by: Career Advisors on Demand..com/webinars
  • 6. DJZ overview Investors Hosted by: Career Advisors on Demand..com/webinars
  • 7. Agenda 1. Intro 2. Investment banking 3. Startups 4. How to get into startups 5. Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 8. I-Banking: Pros and cons × Hours × Ability to plan life outside of work × Incomprehension to R.O.W. × Increasingly un-hireable × Frequent monotony  Learning (caveat)  $$ during  $$$$$ after  “Hard Work” vs. rest of world  Ego boost for some Pros Cons Hosted by: Career Advisors on Demand..com/webinars
  • 9. Agenda 1. Intro 2. Investment banking 3. Startups 4. How to get into startups 5. Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 10. Startups: Pros and cons × Most startups fail × Emotional rollercoaster × Company trajectory is highly unpredictable × Clock is never off  Emotional investment, “real” factor  Satisfaction  Significant potential upside  Thought-base  Vibrant and open community  Massive potential for contribution Pros Cons Hosted by: Career Advisors on Demand..com/webinars
  • 11. Emotional rollercoaster Credit: Mark Suster Hosted by: Career Advisors on Demand..com/webinars
  • 12. Startup myths debunked  Being an entrepreneur means “working for yourself” and “not having a boss”  Founding a tech company is a sure path to becoming a billionaire  You have to code to found / work in a startup  A startup is “risky” so you shouldn’t start / join one  Doing a startup means living on a shoestring and eating ramen noodles  Business school will prepare you for a startup / you will meet your co- founder at business school  You should found / work for a startup because it is “cool” or “sexy”  You should work for a startup in order to escape the 9-5 Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 13. So….which to choose? VS. Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 14. Agenda 1. Intro 2. Investment banking 3. Startups 4. How to get into startups 5. Q&A Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 15. Startups: Entry points  Join a seed or pre-funding startup  Join a later stage startup  Start a company  Venture Capital Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 16. How to get a job at a startup 1. ***IMPORTANT*** Define, as precisely as possible, what you want from the role, and what you would like to do after the role 2. Create a list of potential companies 3. Contact each one using tailored communication (e.g. Foursquare, Ridejoy). Focus on: 1. Why you are passionate about the space 2. Insights and ideas for their business 3. What you can bring to the table 4. Interview with companies Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 17. Startup recruiting vs. finance recruiting  Timing  Organisation  Importance of persistence  Importance of passion  Necessity to be proactive in defining a role Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 18. Moving from Finance  Startups  “perfect is the enemy of the good”  Relative importance of data in financial modelling  Financial modelling  Analytical work  Ability to work very hard  Anything investor-related  Internal M&A / corporate actions  Budgeting / internal finance Why finance is an asset Why finance is a handicap Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 19. Resources to learn more  Blogs (Fred Wilson, Paul Graham, Brad Feld)  Startup / Tech News (Techcrunch, mashable, Allthingsd)  Startup methodology (Eric Reis, Steve Blank, David Cohen) Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 20. Connect Michael Simpson Co-Founder of Book your one-on-one session with Michael at www.evisors.com/expert/1619 Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 21. Agenda 1. Intro 2. Investment banking: Pros and cons 3. Startups: Pros and cons 4. How to get into startups 5. Q&A Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 22. Questions & Answers Hosted by:See the rest at evisors.com/webinars/webinar/66
  • 23. Questions & Answers Question 1: What was most useful in differing your finance pitch from others? Hosted by:See the answer at evisors.com/webinars/webinar/66
  • 24. Questions & Answers Question 2: What is your advice for post-MBA students: Go into finance for a few years or jump into entrepreneurship? Hosted by:See the answer at evisors.com/webinars/webinar/66
  • 25. Questions & Answers Question 3: How can someone use their entrepreneurial skills within in the finance field? Hosted by:See the answer at evisors.com/webinars/webinar/66
  • 26. Questions & Answers Question 4: If my goal is to be an entrepreneur, how would a consulting job benefit or hurt this career path? Hosted by:See the answer at evisors.com/webinars/webinar/66
  • 27. Questions & Answers Question 5: In seeking venture capital with a business plan, how many exit strategies should I offer? Hosted by:See the answer at evisors.com/webinars/webinar/66
  • 28. Questions & Answers Question 6: Do you have any recommended resources for those looking for startup/venture capital jobs? Hosted by:See the answer at evisors.com/webinars/webinar/66
  • 29. Questions & Answers Question 7: What were some of the main challenges/key lessons in transitioning from finance to entrepreneurship? Hosted by:See the answer at evisors.com/webinars/webinar/66
  • 30. Questions & Answers Question 8: If you could modify your career path, what decisions would you change? Hosted by:See the answer at evisors.com/webinars/webinar/66

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