Help: I overhear my neighbor’s phone calls when at home as he speaks loudly from his backyard. Amongst many things, I’ve gleaned he works in VC and made $3M last year. I’d like to work for him, but...

likefunny
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If you think there’s income inequality between you and your Uber driver, wait until you get inside a VC/PE fund. Salary and bonus tends to be low, with the upside totally driven by Carry: the fund’s share of the capital gains realized from portfolio companies, typically 20%. For a $200mm fund delivering a 3X multiple of money or $400mm gain, that’s $80mm for the fund’s General Partners, taxed at capital gains rates. However, the cash flows only after a liquidity event (which may be 6-10 years post-investment), and primarily goes to the most senior members of the firm. For more junior folks, your share of the Carry will be measured in basis points (hundredths of a percent)

Bottom line: don’t expect to see $3mm cash flow/year any time soon if you pivot to VC. Could be your neighbor had a lucky break that gave him 10X his usual run-rate

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Hello bro good luck I know you :)

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“You show me a pay stub for 3 million dollars, I’ll quit my job and come work for you.”

likefunnysmarthelpful

I was thinking that exact same thing. 😂😂😂

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Just yell back!

likefunny

OP where do you live??? The only things I ever overhear from my neighbors are fights and sex noises lol

likefunny

Why does your neighbor, who made $3m last year, have paper thin walls and is so close you can hear detailed conversations? Where do you all live??

likefunny

Probably lives in SF where paper houses cost a few mill

likefunny

How do I introduce the fact I’ve overheard tons of his calls and now want to work with him?

likefunny

Maybe he is trying to woo you

likefunny

Start a conversation as a regular neighbor and regular convo. This will eventually and naturally come up

likesmart

Just ask him what he does as if you don't already know and start the conversation naturally

likesmart

Establish a neighborly relationship with him and then ask for advice breaking into VC

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A1– Jonah Hill ? Wolf of the wallstreet??

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Channel 9, breast exam!

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May be here wants to recruit you for a MLM (phishy one)

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Make sure that he is not one of those Uber drivers who spun up multiple startups and is using the revenue generated from driving to fund their current venture.

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“this is only a side gig— temporary”

“cool. how long have you been doing this?”

“6 years”

“sweet"

likefunny

Where do you live?! I’m single

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I’d think twice about wanting to work for someone who is so loud on the phone their neighbors hear them. Although it could be an issue of volume control and not them screaming angrily at their team all day.

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Make an excuse to get to know him. Find out what he likes to do, invite him out, wander over and say hi. At some point you’ll see an opportunity

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So how common is it to go into VC and make a few mil a year? Is Glassdoor incorrect for listing 95 as an analyst salary??

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Nah man, I don’t want you f——g up my life too

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Invite him for building hang wine/cheese

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