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Friday, September 27 - "How To Get Into VC?"

Author

Adam Phillips
September 27, 2024

Good morning!

Just checking in you. How are you doing today?

Here’s what’s on the job description for today:

  1. New roles from one of the leaders in open banking.

  2. Sarah asks, “is it possible to shift into VC. How do I break in without direct experience?”

“Life begins at the end of your comfort zone.”

- Neale Donald Walsch

IN HIRING

TrueLayer

  • As a leader in Open Banking, the company plays an important role in creating a more free and competitive financial services industry for all.

  • With a number of product related roles, the company’s offices span across UK and Western Europe.

  • Here are a few of the most interesting roles available

Click here for the company’s career page

TODAY’S QUESTION

Sarah asks, “is it possible to shift into VC. How do I break in without direct experience?”

Recommendation: VC is such an interesting industry that it makes complete sense why so many people consider it as a job option. Here’s the best way into the field:

  • First, there is a big difference between being on the investment team and working in a non-investment function such as business development, portfolio analysis, and performance improvement.

    • Since VC is so popular and competitive, it will be best to find the type of opportunity you can bring relevant experience in.

    • If you’re unsure whether you could switch departments (from sales to performance improvement for example), network with those in that role and ask them. It’s the shortest distance from question to answer in this scenario.

  • Second, understand that networking is useful but in a different way than other types of industries.

    • Referrals are most valuable if you’re making a big switch into the industry. If you don’t have any financial experience nor any startup experience, networking for referrals is mandatory.

    • Networking is also highly valuable in finding out what the process of interviews are for the firms in your area. What types of assessments and expectations do they have for new hires?

  • Finally, once you know what type of role you’re best suited for, it’s time to actually find roles.

    • Roles are sometimes posted by companies but more often by head hunters.

    • Here are some of the biggest:

Conclusion:

VC is an awesome field and the exit opportunities are endless. With the right strategy, a switch of industries is possible.

Get your question answered by replying to this email (or just say hi 😊).