Call Girls Bidadi ☎ 7737669865☎ Book Your One night Stand (Bangalore)
Careers in Venture Capital (American Perspective)
1. Welcome to the Evisors Webinar
Visit us online at www.evisors.com
Venture Capital Overview
featuring
Phil Strazzulla
Hosted by: Career Advisors on Demand..com/webinars
3. There are many routes to VC, here was mine:
-NYU (BS Finance)
-Harris Williams (Tech M&A)
-OpenSky Project (NYC based eCommerce Startup)
-Family Equity Partners (Search Fund)
“I am a better
investor because I
am a businessman
and I am a better
businessman
because I am an
investor.” -
Warren Buffett
Hosted by: Career Advisors on Demand..com/webinars
4. Quick Bessemer Overview
• Oldest VC in US – founded in 1911
• $4 Billion under management
• 108 IPOs
• LinkedIn, Yelp, Pinterest, Skyp
e, Staples, diapers.com…
• 5 Offices Globally
• 50 Investment Professionals
• Checks from $50k - $50 mm
• Industry Agnostic
Hosted by: Career Advisors on Demand..com/webinars
5. Venture Capitalists – what do we do?
• Give money to entrepreneurs in
exchange for equity
• “Add Value”
– Help raise money
– Help hire
– Think about strategy
– Introduce to our network (BD,
customers)
– Help raise money again
– Position for M&A and IPO
Hosted by: Career Advisors on Demand..com/webinars
6. Look for really big opportunities
• 30% of our investments go to $0
• We need a few 10x returns to make up for it
Hosted by: Career Advisors on Demand..com/webinars
7. Venture Capital – The Industry
• There are lots of funds
– Geographic, stage, industry focuses
• There are even more angels
– Angel/early stage bubble
• But, it’s a shrinking industry…
Hosted by: Career Advisors on Demand..com/webinars
8. The Walking Dead
Source: Pitchbook
22%
13%
4%
12%
-11%
-3%
-9%
-12%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
1998 1999 2000 2001 2002 2003 2004 2005 2006
NetIRR(%)SinceInception
PE VC FoF Mezz AllAs of 3/31/2010
Hosted by:See the rest at evisors.com/webinars/webinar/44
9. Culture
• Sense of Humor:
– bvp.com/anti-portfolio
• Jeans and facial hair
• “Intellectually honest”
• An actual open door policy
• Curious
• No jerks
• Invest in great
companies, smartly
Hosted by:See the rest at evisors.com/webinars/webinar/44
11. What a junior VC does
• Source deals
• Talk to hundreds of CEOs a year
• Lots of research on areas of personal/firm-wide
interest
• Network with bankers, industry experts
• Diligence companies
• Find great companies, and then dig in
• Will this be a good investment?
• Learn/Cool Stuff
• Work with great entrepreneurs/CEOs, investors
• VCIC, NYU Speaking, boats, ping pong, breakfast
Hosted by:See the rest at evisors.com/webinars/webinar/44
12. Why do VC early in your career?
• Exposure to lots of companies and the latest
trends
• Work with former and current entrepreneurs
• See what works
• See what doesn’t work
• Grow your network
• Because you like it
– Pick the right type of fund – big differences in
early vs. growth vs. PE
– Pick the right culture
– Pick the right brand
– Pick the right job – Sourcing vs. portfolio vs.
diligence
Hosted by:See the rest at evisors.com/webinars/webinar/44
13. The Recruiting Cycle
VCs rarely use headhunters, they rely on relationships to
find deals, and employees – much different from PE.
-Networking
-Standing out
-Positioning yourself
Hosted by:See the rest at evisors.com/webinars/webinar/44
14. The interview process
The classic question: What are your goals, why VC?
How would you value xyz company?
What questions would you ask before investing your
own personal capital?
Hosted by:See the rest at evisors.com/webinars/webinar/44
16. Questions & Answers
Question 1:
Do you need software skills to be a venture
capitalist?
Hosted by:See the answer at evisors.com/webinars/webinar/44
17. Questions & Answers
Question 2:
What is the typical background of a venture
capitalist?
Hosted by:See the answer at evisors.com/webinars/webinar/44
18. Questions & Answers
Question 3:
What signals tell you a certain startup
company would be a great investment?
Hosted by:See the answer at evisors.com/webinars/webinar/44
19. Questions & Answers
Question 4:
When an entrepreneur is pitching to
you, how much do you focus on the
business plan vs. the pitch?
Hosted by:See the answer at evisors.com/webinars/webinar/44
20. Questions & Answers
Question 5:
Why do you think a company like FedEx
would get rejected 5 times by Bessemer?
Hosted by:See the answer at evisors.com/webinars/webinar/44
21. Questions & Answers
Question 6:
What are job prospects like in other parts of
the world compared to Silicon Valley?
Hosted by:See the answer at evisors.com/webinars/webinar/44
22. Questions & Answers
Question 7:
What firms would you recommend applying
to for undergrads and graduate students?
Hosted by:See the answer at evisors.com/webinars/webinar/44
23. Questions & Answers
Question 8:
Are there distinct evaluation metrics
applicants should be aware of in preparing
for their interviews?
Hosted by:See the answer at evisors.com/webinars/webinar/44
24. Questions & Answers
Question 9:
What differentiates a serial entrepreneur
from a venture capitalist?
Hosted by:See the answer at evisors.com/webinars/webinar/44
25. Thanks for Joining & Good Luck!
Book your session with Phil at:
http://www.evisors.com/expert/1981
Contact info: phil.strazzulla@gmail.com
Hosted by:See the rest at evisors.com/webinars/webinar/44