How to get into Venture Capital? | Top 7 Steps to Get VC Job

hello everyone hi welcome to channel of wallstreetmojo watch the video till the end and also if you are new to this channel then you can subscribe us by clicking the bell ican today we have a topic with others how to get into venture capital company I mean there's always a question when an mba student is coming out from his from his respective colleges they always have this thing that you know how to get into VC how to be part of it okay well I have an answer for this first I'll have to do is how to break into VC how to break into venture capital well our venture capital firms you know they provide much needed capital to the business based on detailed assessment of the potential as a worthy investment so usually they provide funding to early-stage now business or startups however they may choose to invest in the late stage startup also lead state business depending on the number of the factors so in the past decade business dynamics have changed a great deal and market competition has intensified for new businesses and this is why the VC firms are hogging the limelight as startup startups are vying with each other to find the long term investors see naturally this has also spurred a great demand for the skilled and the competent venture capital professionals who enjoy some of the best career prospects in the financial industry see you'll find this helpful guide you know how to get into the VC well there are some steps that you should follow to get into the VC C contrary to the popular perception finding an entry to VC as a successful professional in another field can be one of the most difficult points of entry one of the primary reason is that you have to be really successful in any another field and if you are then it can be a can be a bit risky as well to move into another field no matter how bright the prospects are so step number one is excellent communication skills well venture capital forms are not looking for individuals who excel only on financial analysis are really good with numbers instead tea would prefer someone who does not merely stand out for his oral skills but have more of personality okay and with the potential to make an impact on almost anyone so they should be comfortable working with the top level executives and have an excellent presentation skills so VC prefers to hire people with good communication skills and ability source investments on one own and prior deal experiences which proved to be really very helpful second an MBA is a plus I will continue down here an MBA will be our a-plus for this particular field see it is possible to get into VC without an MBA if you have the relevant experience in business development or product management and or or you can say banking among the other area so however earning an MBA degree from what top top Institute can open up a good opportunities in the field even if you come from a non-traditional background so for MBAs usually they have a benefit of better network one of the most important thing which can be a key factor in locating useful opportunities in VC in general those coming from the diversity of the background you know it tends to adopt the MBA route for the advantage in a form however it would almost critical to have a completed MBA degree from one of the top Institute which would add substantial value to the profiles as a prospective VC professional third you should have an entrepreneur experience very important see individuals who have been successful entrepreneurs in past can also find some of the best opportunities you know in the venture capital since you know their experiences would come in handy in gaining the trust of the new enterprise or new entrepreneurs and assessing the worth of these startup then you need to have an investment banking experience no what do you mean by that see it would be very important to point out that an increasing number of the investment banking professionals are looking to get into the VC for the kind of the growth prospective offers if they have a unique advantage ah as well as you know because the skilled B is a criteria in the field are not so much different from that in the venture capital which typically includes excellent communication skills a relevant ordeal experiences and ability to source investments the three things very important now fifth you need to take help from headhunters now what do you mean by this so it is true that you know that a number of VC firms do not hire headhunters for recruitment but some of them do which largely depends on the size of the firm in the focus area so most VC firms dealing with their early stage business they do have enough resources to employ headhunters for hiring the process however those dealing with the late stage companies on larger firms whom they may utilize this services so on needs to keep in mind what kind of VC and they are dealing with before deciding how important a role networking might play in getting into venture capital firm sixth step is you know you need to positioning you need to do a positioning in the right way now what is this C depending on the type of the VC firm the requirement could vary a great deal and it would be very useful to have an idea of what they might be looking for so the early stage firms might be more focused on sourcing market sizing developing and evaluating the investment ideas so interview questions for this type of form could revolve around the industry trends okay and business that appear interesting to the candidate and VC firms working with the portfolio companies could be more interesting in individuals with a good background on the operations which might include like you know experience related to in its product management or probably on the marketing end entering into partnership and so on and so forth so those learning more leaning more on the private equity side it would be that much intent on due diligence and deal execution and I prefer someone who is good with the financial models analysis of the company's financials and it's comfortable at coordinating with the lawyers bankers accountants so the requirement closely resemble to those for what you find for Investment Banking see forms more focused on sourcing you know could be looking for potential recruits with strong communication and presentation skills as one might be required to make presentations and do a lot of cold calling among other things seven-step there is no single strategy that might that might help to get into this see if you're thinking one of the approaches outlined above should work in most of the cases you might have got it all wrong going one step ahead it would be appropriate to say that no there is no standard strategy that might help interest at individual break into the industry so it is only a a broader approach you know we have discussed and a great deal depends on the type of the VC firm one is applying to so those that fun early-stage companies might look for different professional skills and capabilities and potential recruits for from the ones who prefer to invest in the late stage companies so similarly some of them could have a great focus on the religion spot you know sourcing or portfolio companies which would again require a personal from certain specialized skill set so this is why no matter how much one may try they can barely be a single standard or a path to come into VC couriers okay now we have discussed the steps now what about the resume apart now how do you build that see while it would be very useful to to list any deal experiences one possessed but additional details about working with the top level executives would be helpful to get a venture capital job any experience in the business development or market sizing might also be relevant so listing your credentials might sound good but it would be better to not stuff too much information and instead keep it keep a resume is short and simple however if you have earned an MBA or some other relevant credentials from the top and suit don't forget to highlight that second in general VC forms are looking for people with the present able skills and a keen interest in startup and technology so if a resume is successful in creating the impression it might be very helpful now how to tackle this kind of interview see usually interview interviewers at VC firms are far less technical structure and like Investment Banking a private equity candidate might not even be in ask to take any any sort of financial model nothing doing or case study or any of the technical assessment as in common investment banking or private equity does but a VC interview might be carried out in more of an informal setting okay it may be even a casual conversation okay that happens over lunch or breakfast typically they are more interested in finding out how much the person is actually interested in the field and if they are passionate enough to excel in the field see a lot of VC firm pay lesser then the private equity firms and though prospects are good they would not prefer to hire someone whose main motivation is to work in the field and is the kind of the porks it offers it can be considered more offer a turn-off as a person might have little real interest in finding the exciting businesses so this is why they are more I didn't do the idea of a cultural fit as compared to the most of the other fields how in the forms more or less inclined towards the private equity side might prefer to go along with the technical assessment as well and if applying for an alternative technology company one should be prepared for the what we call as the questions related to the technological innovation in this particular field fifth what is the most vc are looking for see some of the most important points one must keep in mind is that the V C's are not only the one looking for the good industry knowledge but also you know you can say the well-formed opinions on the industry and the company so foreign investment banking professions more of a balanced neutral we can say that more of a a balancer and at a neutral site that should be taken as a view of the industry might work well and however on the buy side when you have to invest business you need to more of an optional approach to be successful so aspiring VC professionals should be you know he should be really very confident about in expressing their opinions about the industry at large specific companies along with how they view their prospect based on certain key factors and focusing solely on the product instead of you can say that market position of the company might also not impress the interview as much since the investment in VCS are primarily market driven a business decision so finally on the conclusion plow part in closing we might add that in Oh venture capital is set to grow at a fast pace in emerging markets in India Brazil China Canada which might be all more reason why I spare increasi professions might look forward to exciting opportunities in this market so that's it for this particular topic if you have learned and enjoyed watching this video please like and comment on this video and subscribe to our channel for the latest updates thank you everyone Cheers

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