What do “business development” roles do in VC. There is no product, service to sell. Is about evangelizing portfolio company capabilities? Is there a quantifiable “quota” like metric? What is the day to day like?

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Usually 1. Fundraising and meeting potential and existing LPs 2. BD for portfolio companies

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It would generally entail providing guidance to the portfolio companies. Could be things like seeking and nurturing strategic partnerships. The metrics would be things like the impact of partnerships, and the financial performance of the portfolio companies. The day to day would involve lots of networking, research, and collaboration with the VC firm.

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