Any opinions of growth equity as a starting point for a buyside career? (Soon to be) ex-strategy consultant with 3yoe pre-mba in our PE/VC practice. Not sure whether to pursue PE or VC in the long run but feel like this is a good start to explore what excites me long-term (VC/GE/PE). Solid way to think about it or am I completely missing anything?

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I think you’re right… IF you go to a top 5-10 GE firm (Advent, General Atlantic, etc) it would be pretty easy to go to either PE or VC from there because you have top buy-side prestige on your resume already.

Probably easier to move to PE though as the overall deal process and operating model of GE is MUCH closer to PE than early stage VC. I also somewhat disagree with your framing — I think the GE experience will inform how much you’d like PE, but I don’t actually think it will tell you that much about whether you’d enjoy early stage VC which is a very very different ball game.

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Agreed with I1 here. I have seen people go “down” the technical scale PE > GE > VC but never the other way round.

Great space to be in, but getting into PE from here might be tricky - not because it makes you less smart, but it is not exactly the same skillset.

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@ SA1 - doable, but not easy, particularly coming from seed. I work in GE. Just being unbiased here: we prefer ex early employees are Tier 1 start-ups, top Equity Research associates, bankers, consultants + MBA, other top GE shops. Could hire someone from VC but Franky have seen very little of that.

Anyone know what MM GE Ass 1 comp is? How far off is it from MM PE Ass 1 comp?

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Depends on the shop. But ~$300-350k makes sense for great shops, all cash. At the time, in my geography, I was in line with the top PE MF.

Not an answer, but I'm also in the same predicament. I do question the long-term value of skills in PE (modeling) vs. developing biz acumen chops (particularly in current high-growth tech-enabled sectors with long-term staying power) for two years...

Growth equity is then a good starting point. Although you won’t be able to do PE after most likely. But PE is a very specific job, for a specific type of people (very low deal cadence, very technical work, lots of heavy lifting)

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