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There are basically four reliable ways to do this: 1) Graduate from a prestigious college and get into Venture right out of school, and pivot into Venture after time spent as an IB analyst or consultant. You can also get an MBA and get into venture that way. Why does the prestige of your school matter? Because the network of *legit* VC firms is pretty small, and a lot of hiring depends on who you know.
2. Become a successful Founder of at least one significant startup. Being an early employee who was with the company while it scaled - and indeed was a key reason why the company scaled successfully - works too. See Andrew Chen at Uber or Sarah Tavel at Pinterest.
Now not every one can control 1 and 2. But you can influence 3 and 4 a great deal.
3. Become a domain expert and publish A LOT on a specific topic. The topic can be anything related to a market or topic. For example, you can build up a twitter presence / newsletter about AI, or Growth or GTM. The point is, though, you have to make that your brand. You must know it cold, and then over a period of years publishing on a specific topic and being an expert, you’ll start to become an authority. This will help you be able to source deals and help firms analyze markets.
4. Develop your own portfolio. Scour Angelist, Product Hunt, and the App Store, looking for companies. This is all fake of course, but if you work with 1, 10, or 100 million of fake money, you can ID companies and generate an investment track record. People have done this before. You can then take that to firms and see if they’ll hire you.
Bottom line - this industry is a grind, and is a LOT of hard work and stress. Good luck breaking in, and don’t expect to invest for several years after you’ve broken into VC. You gotta love it to want it, there’s just know way around that fact.
Thank you so much!
Wow that is some serious truth. Thank you for being honest about it!
What Greylock 1 said is extremely accurate. #1 is so unavoidable unfortunately, but there is definitely a way to break in the other 3 ways. Depending on where you went to school and the venture network it has, consider an MBA too?
I just took a job in VC. I did some of what Greylock said. Though a salesperson by day, I started two companies while working and built an investment portfolio of 18 companies via AngelList. Built my VC network for years, and eventually found an opening. One thing to suggest beyond what Greylock said, go mentor at accelerators and seed funds. Meet companies, get advisor roles, meet GP’s... they want your BizOps expertise and return your network will be infinitely more valuable with respect to breaking in