VC Analyst, or Corporate VC Associate?
... Don't say "obviously VC analyst" because...well, read on.
VC Analyst:
Pro:
- A famous fund, good track record
Con:
- I will be responsible for the hardware industry, which hasn't really taken off here in China (and no one know if it will). That means low deal flow, I will probably only be able to do 2 deals a year.
- I can't switch to other industries.
- Over 40 front desk (analysts/associates/junior partners) people in this fund, I will in the lowest rank.
- Analyst is really only able to do deal sourcing here, no one cares what you think about the case.
Corporate Strategic Investment
Pro:
- I will be an associate in a newly started department of 3 people. I can do deals by myself within half a year.
- They have a decent amount to spend each year.
- I will be partially responsible for overseas investment and negotiation.
Con:
- Well, it's the corporate strategic investment department...
- I'm not sure what I can do after this. Switch to a VC job?
Think about where you will learn the most and who you can learn from. Building great relationships will help you more than names on a resume down the line.
Do corporate, China vc is a boiler room
Track record is more important than name recognition, so long as your track record is recognized to be legitimate.
Let me frame it this way: analyst at Sequoia vs assistant VP at Fosun (or whatever they call their associates that do deals) - businesses looking to sell will take the Sequoia less seriously and the Fosun guy much more seriously because they know that they're speaking to a decision maker and are closer to cash. Cash is king. If you want a platform to do deals (ie: you are confident that you can source deals given the right opportunities/industries) then you want to go where you can make use of your skills.
Ermm.. I might just still stick do the "obviously VC analyst"..
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