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In VC, taking Questions

At a small firm. Ask me anything about the VC world?
Angry pistol
  09/12/20
bump
Angry pistol
  09/12/20
why do you exist all stages of funding should be done by an...
Adventurous Sound Barrier Piazza
  09/12/20
VCs allegedly have a network that is greater than the sum of...
Angry pistol
  09/12/20
How was life in Ho Chi Minh City?
Talented sadistic area
  09/12/20
Has business dried up since the pandemic began?
diverse space
  09/12/20
Raising has gotten harder. Valuations are lower, so that's ...
Angry pistol
  09/12/20
How to break in?
Cracking nighttime nibblets generalized bond
  09/12/20
...
hot parlor
  09/12/20
Why do you want to break into VC? There's a big differe...
Angry pistol
  09/12/20
comp last year? what are you anticipating this year. what le...
Indigo wagecucks
  09/12/20
...
Multi-colored Bespoke Macaca Range
  09/13/20
...
salmon embarrassed to the bone therapy toaster
  09/13/20
Base: $120 + 20-40% of base as bonus.
Angry pistol
  09/13/20
what kind of returns do you target? what industries?
laughsome sweet tailpipe cuck
  09/12/20
Industries are B2B, and digitalization of industry.
Angry pistol
  09/12/20
What do you think of vc lawyers?
Cocky dog poop really tough guy
  09/12/20
Necessary evil, and expensive.
Angry pistol
  09/12/20
What makes a good vc lawyer stand out?
Cocky dog poop really tough guy
  09/12/20
don’t you have an adverse selection problem as a small...
vengeful dysfunction box office
  09/12/20
Yes the names that cross our desk are inferior from an inbou...
Angry pistol
  09/12/20
does vc have a future if ipos never come back? Can m&a a...
vengeful dysfunction box office
  09/12/20
IPOs never left, and will always be there. M&A is alway...
Angry pistol
  09/12/20
they’re well under <10% of all vc exits and all the...
vengeful dysfunction box office
  09/12/20
i did ibanking years ago we don't make money from vcs. al...
Bearded forum ratface
  09/13/20
how much do you make
Chartreuse toilet seat famous landscape painting
  09/12/20
Base: $120k + bonus ($24k to $48k)
Angry pistol
  09/12/20
seems very low
Chartreuse toilet seat famous landscape painting
  09/12/20
Lmao
laughsome sweet tailpipe cuck
  09/12/20
...
Indigo wagecucks
  09/12/20
...
Chartreuse toilet seat famous landscape painting
  09/12/20
...
Angry pistol
  09/12/20
...
Beady-eyed Heaven
  09/22/20
seniority? i’d rather be paid $80k to do vc than $...
vengeful dysfunction box office
  09/12/20
Senior Associate / VP. Hours are 40hrs/ wk.
Angry pistol
  09/12/20
goddamn son. any carry at least?
vengeful dysfunction box office
  09/12/20
Not yet.
Angry pistol
  09/12/20
lol
Awkward organic girlfriend
  09/12/20
100% true. investing >>> worthless rent seeking scr...
vengeful dysfunction box office
  09/13/20
doubt that if u wanna cold call 40 hours a week email me ...
Bearded forum ratface
  09/13/20
I do very very little cold calling. Maybe 5% of my time is ...
Angry pistol
  09/14/20
How many hours do you work per week?
electric godawful ceo scourge upon the earth
  09/12/20
40
Angry pistol
  09/12/20
Damn son I’ll make 500 this year as a lolyer
dark personal credit line garrison
  09/12/20
v10? how many years in biglaw
Bearded forum ratface
  09/12/20
Does this career path offer a track to being a partner or ge...
Multi-colored Bespoke Macaca Range
  09/13/20
There is often no path to being partner. Unless it’s ...
Angry pistol
  09/13/20
So what’s the payoff here? If you stay an associate fo...
Multi-colored Bespoke Macaca Range
  09/13/20
No the most likely scenario is you get a first look at a por...
Angry pistol
  09/27/20
...
Multi-colored Bespoke Macaca Range
  09/16/20
sorry did you say VC or associate-level corporate banker wor...
orange mewling incel
  09/13/20
what's with VC's that get booted acting like they wanted to ...
Adventurous Sound Barrier Piazza
  09/12/20
Partners get booted all the time and it can be a toxic/ dram...
Angry pistol
  09/12/20
I mean associates who have been on a prestige maximization /...
Adventurous Sound Barrier Piazza
  09/12/20
can u go into more detail what do u mean ur seeing it tod...
Bearded forum ratface
  09/12/20
As in their actions/ motivations get questioned/ scrutinized...
Angry pistol
  09/13/20
god that's demoralizing af i've seen it before too but it...
Bearded forum ratface
  09/13/20
what are the best small VC firms
vigorous emerald hissy fit athletic conference
  09/12/20
If you’re good you’re not small since your portf...
Angry pistol
  09/13/20
Does your Firm qualify?
Passionate circlehead cuckoldry
  09/13/20
No
Angry pistol
  09/13/20
how many of the senior people are rich?
Awkward organic girlfriend
  09/12/20
Our founding GP is rich. Probably has a net worth of $30M.
Angry pistol
  09/13/20
that's pretty shit compared to megafund PE
Bearded forum ratface
  09/13/20
Yeah, we don’t have PE $$ in VC but the hours are a lo...
Angry pistol
  09/13/20
Taking questions for the next 4 hours.
Angry pistol
  09/13/20
what is your personal end game?
laughsome sweet tailpipe cuck
  09/13/20
VC partner (at a Top 10 firm), or start own firm.
Angry pistol
  09/13/20
do you think that’s realistic considering that you are...
laughsome sweet tailpipe cuck
  09/13/20
Agreed, it's not realistic. But a guy can hope. A more...
Angry pistol
  09/13/20
not really. but I worked somewhere where I was never gonna b...
laughsome sweet tailpipe cuck
  09/13/20
Yeah but starting your own gig in VC is hard without a track...
Angry pistol
  09/13/20
it’s not easy whatsoever but neither is having to s...
laughsome sweet tailpipe cuck
  09/13/20
This is so CR. But hard to follow thru.
Angry pistol
  08/04/21
Why doesn't your income scale with that of other internet po...
Passionate circlehead cuckoldry
  09/13/20
in terms of pay and prestige it goes: megafund PE > up...
Bearded forum ratface
  09/13/20
I prefer the name, "batgod LLC"
Passionate circlehead cuckoldry
  09/13/20
start it up bro u can do it
Bearded forum ratface
  09/13/20
Pay I agree. Prestige VC firms move up a few spot. Pretty ...
Angry pistol
  09/13/20
maybe, ur focusing on the wrong things who cares if cross...
Bearded forum ratface
  09/13/20
His posts will live on however. Who wants to read about some...
Passionate circlehead cuckoldry
  09/13/20
agreed but he needs to have a plan to get out of this shitty...
Bearded forum ratface
  09/13/20
This guy knows what he’s talking about.
Angry pistol
  09/13/20
"cross admit" what makes you think they'd (top ...
Adventurous Sound Barrier Piazza
  09/13/20
lol. this is completely retarded top vc >>>>&...
gaped light stag film new version
  09/22/20
In terms of lay prestige, I agree with this.
Angry pistol
  10/02/20
Does military experience help in getting hired?
aggressive ticket booth
  09/13/20
(Rudolph)
Passionate circlehead cuckoldry
  09/13/20
Not for VC. It’s a + for IB and PE.
Angry pistol
  09/13/20
...
vengeful dysfunction box office
  09/13/20
do you get carry
narrow-minded dilemma
  09/13/20
At my current level I don’t. That’s where the r...
Angry pistol
  09/13/20
lol faggot
narrow-minded dilemma
  09/13/20
my buddy does vc he says the same thing as u it's all pre...
Bearded forum ratface
  09/13/20
sometimes you hit the lottery/have “vision” and ...
narrow-minded dilemma
  09/14/20
ask anyone in vc in those situations u'd rather be in the...
Bearded forum ratface
  09/14/20
peter thiel's junior vc associate at the time is probably a ...
Adventurous Sound Barrier Piazza
  09/14/20
not true at all. thiel's junior vc is probably running his o...
gaped light stag film new version
  09/22/20
isnt that why u get into VC? to identify a kushy unicorn to ...
Cracking nighttime nibblets generalized bond
  09/16/20
thiel's junior VC can literally raise $$ from any LP to star...
gaped light stag film new version
  09/22/20
Any questions on what I do on a day to day basis?
Angry pistol
  09/13/20
No one cares
electric godawful ceo scourge upon the earth
  09/13/20
what percent of your colleagues have a background in sales/t...
Sickened clear center
  09/13/20
Sales: 0% Technical: just me Finance: everyone else
Angry pistol
  09/13/20
how embarrassing is it for an ex-VC to have a startup not fu...
Adventurous Sound Barrier Piazza
  09/13/20
Not that embarrassing. No one cares. We look at the produc...
Angry pistol
  09/13/20
couldn't a famous angel like Naval just be a seed/A investor...
Adventurous Sound Barrier Piazza
  09/13/20
Good question. Also who TF is Naval?
Multi-colored Bespoke Macaca Range
  09/13/20
https://en.wikipedia.org/wiki/Naval_Ravikant
Adventurous Sound Barrier Piazza
  09/13/20
Admittedly I don’t know much about angel investing exc...
Angry pistol
  09/14/20
Thoughts on rolling funds and their potential?
Cracking nighttime nibblets generalized bond
  09/13/20
No insight.
Angry pistol
  09/14/20
throw away email?
Cracking nighttime nibblets generalized bond
  09/16/20
robert.whitestown@gmail.com
Angry pistol
  09/25/20
do u manage anyone? i.e. analysts, summer interns
Bearded forum ratface
  09/14/20
Nope.
Angry pistol
  09/14/20
is there anyone below you at least? if so, what happens w...
Bearded forum ratface
  09/14/20
They work on stuff for the Partners, and we may work togethe...
Angry pistol
  09/14/20
How long will you stay in your current gig.
opaque irradiated senate
  09/14/20
1-2 years.
Angry pistol
  09/14/20
after that?
narrow-minded dilemma
  09/14/20
Switch to a bigger firm or run a company.
Angry pistol
  09/14/20
Ask me about due diligence..
Angry pistol
  09/14/20
how do u do due diligence on a founder/team/company
vigorous emerald hissy fit athletic conference
  09/14/20
Founder/ team, we do psych evaluations for what it’s w...
Angry pistol
  09/15/20
ty
vigorous emerald hissy fit athletic conference
  09/15/20
Why are you so excited to take Qs? For someone in VC, you s...
underhanded wrinkle
  09/14/20
...
Bearded forum ratface
  09/14/20
this guy is likely some VC serving lawyer or VC serving iban...
Adventurous Sound Barrier Piazza
  09/14/20
nah i believe OP but it's true there are so many SHITTY vc f...
Bearded forum ratface
  09/14/20
Meh. Most of the celebrities as VC investors is just them c...
underhanded wrinkle
  09/14/20
This is correct.
Angry pistol
  09/15/20
not a lawyer.
Angry pistol
  09/15/20
Bump
Angry pistol
  09/15/20
You have zero insights, bud. Let your shit thread die.
underhanded wrinkle
  09/15/20
Anyone else who's not a MFE like ^ who's got questions?
Angry pistol
  09/15/20
Do you value ex FAANG engineers as founders? you see this r...
Adventurous Sound Barrier Piazza
  09/15/20
What’s most important is the skill/ idea/ grind you br...
Angry pistol
  09/16/20
Any other questions. Here for the next 30 mins.
Angry pistol
  09/16/20
Bump
Angry pistol
  09/16/20
stfu fag
electric godawful ceo scourge upon the earth
  09/16/20
I think a lot of people need to cope and say their shitty wo...
Adventurous Sound Barrier Piazza
  09/16/20
You internalize what VCs are looking for. So you are more l...
Angry pistol
  09/16/20
are SPACs here to stay?
Flickering Bisexual Shrine Mexican
  09/16/20
No. SPACs are the product of a roaring tech market.
Angry pistol
  09/16/20
how does a startup prove "product market fit" to t...
Blue Duck-like School Cafeteria Cumskin
  09/16/20
Do you have paying customers. Is your customer base growing...
Angry pistol
  09/16/20
Why do people with terrific growing businesses need to whore...
Passionate circlehead cuckoldry
  09/16/20
To put fuel on the fire. There’s a limit to how much ...
Angry pistol
  09/16/20
Anyone else?
Angry pistol
  09/17/20
1) convince internet software businesses that don't really n...
Adventurous Sound Barrier Piazza
  09/20/20
This is 90% accurate.
Angry pistol
  09/20/20
Taking questions for the next hour.
Angry pistol
  09/18/20
Thoughts on WSGR, Cooley, Gunderson and Fenwick?
Cocky dog poop really tough guy
  09/18/20
No thoughts on the above. I have friends at Sonsini.
Angry pistol
  09/20/20
https://techcrunch.com/2020/09/15/the-chainsmokers-just-clos...
Adventurous Sound Barrier Piazza
  09/20/20
Pretty interesting. I wonder how they got connected to Cuba...
Angry pistol
  09/20/20
you like cuban? doesn't seem too bright to me
Adventurous Sound Barrier Piazza
  09/20/20
(guy who doesn't know about the collar)
Flickering Bisexual Shrine Mexican
  09/20/20
he's a scumbag/jock wannabe who made it doing glorified IT c...
Adventurous Sound Barrier Piazza
  09/20/20
It's not a matter of liking Cuban. It's a matter of fundrai...
Angry pistol
  09/20/20
he answers cold emails from college kids they're famous DJs
Adventurous Sound Barrier Piazza
  09/20/20
How does his ass feel in comparison to his HA persona?
Bat shit crazy stubborn halford
  09/20/20
Any new questions.
Angry pistol
  09/21/20
Taking questions for the next 2 hours.
Angry pistol
  09/22/20
what r ur thoughts on wgwag
vigorous emerald hissy fit athletic conference
  09/22/20
If you’re in America, good luck! If you’re into...
Angry pistol
  09/22/20
Anyone have questions?
Angry pistol
  09/23/20
Answering questions for the next 30-60 mins.
Angry pistol
  09/24/20
what did you do before this?
narrow-minded dilemma
  09/24/20
Engineering + Product Management
Angry pistol
  09/24/20
what made you want to jump into vc?
narrow-minded dilemma
  09/24/20
Thought investing in startups would be interesting and for t...
Angry pistol
  09/24/20
Any other questions? Here for the next hour.
Angry pistol
  09/24/20
Any Friday specials?
Angry pistol
  09/25/20
What did the first cock entering your anus feel like? Was i...
Beady-eyed Heaven
  09/25/20
who are your favorite VCs
Adventurous Sound Barrier Piazza
  09/26/20
Off the top of my head, as cliched as it sounds, I really li...
Angry pistol
  09/26/20
Ahem
Dashing den degenerate
  09/25/20
how hard is it to get vc funding?
narrow-minded dilemma
  09/26/20
Very hard. For every 100 deals we have a follow-up with 10-...
Angry pistol
  09/26/20
Can you honestly say you would've invested in some of these ...
Adventurous Sound Barrier Piazza
  09/27/20
Snowflake for sure. nCino I don’t know anything about...
Angry pistol
  09/27/20
Any new questions about my industry?
Angry pistol
  09/29/20
Can an attorney from an "emerging companies" pract...
glittery trailer park indirect expression
  09/29/20
Impossible. Lawyers and legal experience are seen as suppor...
Angry pistol
  09/29/20
180 fuck law
glittery trailer park indirect expression
  09/29/20
They would probably have to do banking for a few years first...
vengeful dysfunction box office
  09/29/20
i'm chortling that you think banking experience is good
Adventurous Sound Barrier Piazza
  09/29/20
Yeah banking experience is not seen very favorably, except m...
Angry pistol
  09/30/20
ROFL and a 2 year banking analyst could do better? Neithe...
Ungodly sooty double fault
  10/01/20
clicked on that link and this was the first attorney bio i s...
Curious jade gay wizard haunted graveyard
  09/29/20
Unhireable in VC for sure.
Angry pistol
  09/29/20
yes, but very rare and much harder than it used to be
black fiercely-loyal theatre police squad
  09/29/20
Ask me about how bad my VC firm’s approach to investin...
Angry pistol
  09/30/20
AMA
Angry pistol
  10/01/20
How much does wokeness/ESG stuff factor into your decision t...
Ungodly sooty double fault
  10/01/20
0%. We have the reverse problem. We only invest in white f...
Angry pistol
  10/01/20
bump
Angry pistol
  10/01/20
For a Consumer facing Digital product, how much traction Sho...
Blue Duck-like School Cafeteria Cumskin
  10/01/20
Ideally 100% yoy growth to get VCs really interested. But y...
Angry pistol
  10/02/20
So what’s the minimum time period that a VC wants to s...
Blue Duck-like School Cafeteria Cumskin
  10/02/20
No. Month over month in year 1 is also acceptable but you A...
Angry pistol
  10/02/20
would you break down your general portfolio by sector for us...
Magical pisswyrm
  10/02/20
We are B2B. Vast majority of our investments have been sens...
Angry pistol
  10/02/20
Any other questions?
Angry pistol
  10/02/20
Questions?
Angry pistol
  10/02/20
what would you all do, if anything, with a developer that ha...
Curious jade gay wizard haunted graveyard
  10/02/20
Yes, but you have to convince me/ VC that you can create a c...
Angry pistol
  10/02/20
just the answer i was looking for. thank you
Curious jade gay wizard haunted graveyard
  10/02/20
bump.
Angry pistol
  10/04/20
Any questions on what makes a shitty VC?
Angry pistol
  10/08/20
?
Angry pistol
  10/09/20
About to quit my VC firm. Taking questions.
Angry pistol
  10/13/20
Just quit my vc firm!! Woohoo!! MD wants to chat with me t...
Angry pistol
  10/14/20
hey nigger. take q's again
Adventurous Sound Barrier Piazza
  07/27/21
new question: when people say they had one offer by some big...
Adventurous Sound Barrier Piazza
  07/27/21
They certainly can drop hints of price discrimination. But ...
Angry pistol
  08/04/21


Poast new message in this thread



Reply Favorite

Date: September 12th, 2020 1:01 PM
Author: Angry pistol

At a small firm. Ask me anything about the VC world?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40908565)



Reply Favorite

Date: September 12th, 2020 4:22 PM
Author: Angry pistol

bump

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909304)



Reply Favorite

Date: September 12th, 2020 4:23 PM
Author: Adventurous Sound Barrier Piazza

why do you exist

all stages of funding should be done by angels, institutions/HNW investing principally, ending with bigcorp acquisitions

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909311)



Reply Favorite

Date: September 12th, 2020 4:29 PM
Author: Angry pistol

VCs allegedly have a network that is greater than the sum of its parts (Angel Investors, etc), and you can create a portfolio to spread risk and be a better investment for institutions who don't have the "expertise".



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909342)



Reply Favorite

Date: September 12th, 2020 4:31 PM
Author: Talented sadistic area

How was life in Ho Chi Minh City?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909354)



Reply Favorite

Date: September 12th, 2020 4:32 PM
Author: diverse space

Has business dried up since the pandemic began?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909355)



Reply Favorite

Date: September 12th, 2020 5:24 PM
Author: Angry pistol

Raising has gotten harder. Valuations are lower, so that's a plus, but the business climate is a bit weaker, but not detrimantally so.

TLDR: No

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909685)



Reply Favorite

Date: September 12th, 2020 4:39 PM
Author: Cracking nighttime nibblets generalized bond

How to break in?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909387)



Reply Favorite

Date: September 12th, 2020 4:40 PM
Author: hot parlor



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909392)



Reply Favorite

Date: September 12th, 2020 5:28 PM
Author: Angry pistol

Why do you want to break into VC?

There's a big difference between Sequoia, KPCB, Benchmark, etc, and the smaller funds. It's very top-heavy.

But there are two main ways:

1) Network like crazy to be an associate and then leave after two years

2) Have an exit and be invited to join as a Partner.

2 is infinitely better than 1.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909713)



Reply Favorite

Date: September 12th, 2020 4:41 PM
Author: Indigo wagecucks

comp last year? what are you anticipating this year. what level seniority

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909399)



Reply Favorite

Date: September 13th, 2020 1:43 PM
Author: Multi-colored Bespoke Macaca Range



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913242)



Reply Favorite

Date: September 13th, 2020 4:49 PM
Author: salmon embarrassed to the bone therapy toaster



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913972)



Reply Favorite

Date: September 13th, 2020 5:07 PM
Author: Angry pistol

Base: $120 + 20-40% of base as bonus.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914032)



Reply Favorite

Date: September 12th, 2020 4:43 PM
Author: laughsome sweet tailpipe cuck

what kind of returns do you target?

what industries?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909407)



Reply Favorite

Date: September 12th, 2020 5:30 PM
Author: Angry pistol

Industries are B2B, and digitalization of industry.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909719)



Reply Favorite

Date: September 12th, 2020 5:27 PM
Author: Cocky dog poop really tough guy

What do you think of vc lawyers?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909708)



Reply Favorite

Date: September 12th, 2020 5:29 PM
Author: Angry pistol

Necessary evil, and expensive.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909716)



Reply Favorite

Date: September 12th, 2020 5:47 PM
Author: Cocky dog poop really tough guy

What makes a good vc lawyer stand out?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909788)



Reply Favorite

Date: September 12th, 2020 5:30 PM
Author: vengeful dysfunction box office

don’t you have an adverse selection problem as a smaller firm? funding from the top funds seems to pay for itself in the form of higher valuations. listing them in your cap table has lots of tangible (bigger network, operational talent, etc) and intangible benefits.

so the opportunities that cross your desk are basically almost always inferior, no? they’re ones the top names probably already passed on

also do you do series a or later stage investments? the latter seems increasingly like a suckers game

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909718)



Reply Favorite

Date: September 12th, 2020 5:32 PM
Author: Angry pistol

Yes the names that cross our desk are inferior from an inbound standpoint. However, there's outbound reach-outs and you can get traction (co-invest with Sequoia's, be seed lead investors, etc) based on personality and partner's background.

We do series A and seed, but really series A as product market fit is really important to us. Series B + is more growth equity and that's a different ballgame.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909728)



Reply Favorite

Date: September 12th, 2020 5:39 PM
Author: vengeful dysfunction box office

does vc have a future if ipos never come back? Can m&a and spacs completely replace ipos as the way to exit

i’d probably miss selling overvalued stock to stupid retail investors if i were a vc investor

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909753)



Reply Favorite

Date: September 12th, 2020 5:40 PM
Author: Angry pistol

IPOs never left, and will always be there. M&A is always there.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909758)



Reply Favorite

Date: September 12th, 2020 5:43 PM
Author: vengeful dysfunction box office

they’re well under <10% of all vc exits and all the money in private markets suggests they’re going away for all but the zooms and ubers of the world

how would a financial sponsors investment banker make money from you? ie how do they add value, assuming any do? i bet you hate sell side bankers (99% of vc guys do)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909769)



Reply Favorite

Date: September 13th, 2020 12:35 PM
Author: Bearded forum ratface

i did ibanking years ago

we don't make money from vcs. all our pitch decks have PE firm names on them and if u want to know my team's breakdown of revenue it was 85% from corporates and 15% from pe and misc like getting some kickback leveraging our cap markets for bundled financing M&A/lbo deals

pe firms get GIANT DISCOUNTS in fees but we deal with this shit because even a large corp may only do 1 deal every few years, but PE firms have such high volume we're constantly sucking their dick cause it's a familiar dick. similar to whores preferring 1 sugar daddy paying them less but is a regular customer for 10 years vs pitching 10 sugar daddies who only have 1-2 fuck sessions to give.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912989)



Reply Favorite

Date: September 12th, 2020 5:36 PM
Author: Chartreuse toilet seat famous landscape painting

how much do you make

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909741)



Reply Favorite

Date: September 12th, 2020 5:38 PM
Author: Angry pistol

Base: $120k + bonus ($24k to $48k)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909748)



Reply Favorite

Date: September 12th, 2020 5:38 PM
Author: Chartreuse toilet seat famous landscape painting

seems very low

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909751)



Reply Favorite

Date: September 12th, 2020 5:41 PM
Author: laughsome sweet tailpipe cuck

Lmao

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909761)



Reply Favorite

Date: September 12th, 2020 5:43 PM
Author: Indigo wagecucks



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909770)



Reply Favorite

Date: September 12th, 2020 5:44 PM
Author: Chartreuse toilet seat famous landscape painting



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909771)



Reply Favorite

Date: September 12th, 2020 5:44 PM
Author: Angry pistol



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909774)



Reply Favorite

Date: September 22nd, 2020 1:51 PM
Author: Beady-eyed Heaven



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966740)



Reply Favorite

Date: September 12th, 2020 5:46 PM
Author: vengeful dysfunction box office

seniority?

i’d rather be paid $80k to do vc than $400k to be a corporate lawyer fyi

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909781)



Reply Favorite

Date: September 12th, 2020 5:47 PM
Author: Angry pistol

Senior Associate / VP. Hours are 40hrs/ wk.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909786)



Reply Favorite

Date: September 12th, 2020 5:48 PM
Author: vengeful dysfunction box office

goddamn son. any carry at least?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909791)



Reply Favorite

Date: September 12th, 2020 5:49 PM
Author: Angry pistol

Not yet.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909797)



Reply Favorite

Date: September 12th, 2020 7:12 PM
Author: Awkward organic girlfriend

lol

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910187)



Reply Favorite

Date: September 13th, 2020 9:53 AM
Author: vengeful dysfunction box office

100% true. investing >>> worthless rent seeking scribe

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912420)



Reply Favorite

Date: September 13th, 2020 1:48 PM
Author: Bearded forum ratface

doubt that

if u wanna cold call 40 hours a week email me

i know plenty of firms including surveymonkey who will pay u $80k for that

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913262)



Reply Favorite

Date: September 14th, 2020 9:15 AM
Author: Angry pistol

I do very very little cold calling. Maybe 5% of my time is emailing potential portfolio companies.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916840)



Reply Favorite

Date: September 12th, 2020 5:46 PM
Author: electric godawful ceo scourge upon the earth

How many hours do you work per week?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909782)



Reply Favorite

Date: September 12th, 2020 5:48 PM
Author: Angry pistol

40

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909789)



Reply Favorite

Date: September 12th, 2020 7:10 PM
Author: dark personal credit line garrison

Damn son I’ll make 500 this year as a lolyer

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910181)



Reply Favorite

Date: September 12th, 2020 7:15 PM
Author: Bearded forum ratface

v10? how many years in biglaw

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910206)



Reply Favorite

Date: September 13th, 2020 1:46 PM
Author: Multi-colored Bespoke Macaca Range

Does this career path offer a track to being a partner or getting the real $$? What’s the timeline?

Do you have to live in the Bay Area on that salary?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913254)



Reply Favorite

Date: September 13th, 2020 2:26 PM
Author: Angry pistol

There is often no path to being partner. Unless it’s explicitly stated at joining that you’re on partner track, which is rare, you don’t become a partner unless one day you Somehow do. No guarantees. Often, this comes at the expense of someone else getting booted.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913434)



Reply Favorite

Date: September 13th, 2020 11:11 PM
Author: Multi-colored Bespoke Macaca Range

So what’s the payoff here? If you stay an associate for years, that’s the end game and your salary keeps improving?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915734)



Reply Favorite

Date: September 27th, 2020 5:18 AM
Author: Angry pistol

No the most likely scenario is you get a first look at a port co and join as a bus dev director, etc. I did it cause I just wanted to try it out. I have no illusions I’ll make partner.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40994399)



Reply Favorite

Date: September 16th, 2020 9:52 PM
Author: Multi-colored Bespoke Macaca Range



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40932492)



Reply Favorite

Date: September 13th, 2020 5:59 PM
Author: orange mewling incel

sorry did you say VC or associate-level corporate banker working in NC office of wells fargo?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914263)



Reply Favorite

Date: September 12th, 2020 5:54 PM
Author: Adventurous Sound Barrier Piazza

what's with VC's that get booted acting like they wanted to leave/start a company all along

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909822)



Reply Favorite

Date: September 12th, 2020 6:04 PM
Author: Angry pistol

Partners get booted all the time and it can be a toxic/ drama filled environment. When you’re unwelcome, you’ll know it. I’m seeing it with one of the associates and partners today.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909871)



Reply Favorite

Date: September 12th, 2020 6:28 PM
Author: Adventurous Sound Barrier Piazza

I mean associates who have been on a prestige maximization / risk minimization path their whole life suddenly acting like they're startup material after getting the rug pulled out from under them (like you're not getting promoted)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40909986)



Reply Favorite

Date: September 12th, 2020 7:03 PM
Author: Bearded forum ratface

can u go into more detail

what do u mean ur seeing it today

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910134)



Reply Favorite

Date: September 13th, 2020 2:09 AM
Author: Angry pistol

As in their actions/ motivations get questioned/ scrutinized more during Monday calls. “Why are you doing this? Why are you not doing this?” Typical corporate politics when they want to push out someone.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911748)



Reply Favorite

Date: September 13th, 2020 1:40 PM
Author: Bearded forum ratface

god that's demoralizing af

i've seen it before too but it sucks for everyone on the call

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913228)



Reply Favorite

Date: September 12th, 2020 7:05 PM
Author: vigorous emerald hissy fit athletic conference

what are the best small VC firms

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910146)



Reply Favorite

Date: September 13th, 2020 2:13 AM
Author: Angry pistol

If you’re good you’re not small since your portfolio co have exits and as a result you’ve been successful at raising funds. Leading indicators have a long tail since gestation periods of startups before they go public is 5-7 years.

In other words, I have no fucking clue, but maybe Emergence, QED? They’re not small but you probably haven’t heard of them.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911762)



Reply Favorite

Date: September 13th, 2020 9:56 AM
Author: Passionate circlehead cuckoldry

Does your Firm qualify?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912432)



Reply Favorite

Date: September 13th, 2020 1:16 PM
Author: Angry pistol

No

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913133)



Reply Favorite

Date: September 12th, 2020 7:18 PM
Author: Awkward organic girlfriend

how many of the senior people are rich?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40910218)



Reply Favorite

Date: September 13th, 2020 2:10 AM
Author: Angry pistol

Our founding GP is rich. Probably has a net worth of $30M.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40911753)



Reply Favorite

Date: September 13th, 2020 10:31 AM
Author: Bearded forum ratface

that's pretty shit compared to megafund PE

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912541)



Reply Favorite

Date: September 13th, 2020 11:26 AM
Author: Angry pistol

Yeah, we don’t have PE $$ in VC but the hours are a lot better.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912740)



Reply Favorite

Date: September 13th, 2020 6:15 AM
Author: Angry pistol

Taking questions for the next 4 hours.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912055)



Reply Favorite

Date: September 13th, 2020 6:22 AM
Author: laughsome sweet tailpipe cuck

what is your personal end game?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912058)



Reply Favorite

Date: September 13th, 2020 6:23 AM
Author: Angry pistol

VC partner (at a Top 10 firm), or start own firm.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912060)



Reply Favorite

Date: September 13th, 2020 6:33 AM
Author: laughsome sweet tailpipe cuck

do you think that’s realistic considering that you are currently getting paid like a glorified secretary?

not trying to be rude, but imo people who end up at that level are on the fast track very early on

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912064)



Reply Favorite

Date: September 13th, 2020 6:49 AM
Author: Angry pistol

Agreed, it's not realistic. But a guy can hope.

A more realistic target is Bus Dev Director at a startup/ portfolio co. And then re-looping once there's an exit.

You seem to know more than you're letting on. Are you in the industry?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912069)



Reply Favorite

Date: September 13th, 2020 6:52 AM
Author: laughsome sweet tailpipe cuck

not really. but I worked somewhere where I was never gonna be at the top, so I started my own business in a slightly different sphere. took a while to get my income back up but so much happier

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912070)



Reply Favorite

Date: September 13th, 2020 9:01 AM
Author: Angry pistol

Yeah but starting your own gig in VC is hard without a track record. Raising $$$ is not so easy. And I don’t have family $$$.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912253)



Reply Favorite

Date: September 13th, 2020 9:06 AM
Author: laughsome sweet tailpipe cuck

it’s not easy whatsoever

but neither is having to suck miles of cock of those above you for decades of your life

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912261)



Reply Favorite

Date: August 4th, 2021 3:29 PM
Author: Angry pistol

This is so CR. But hard to follow thru.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#42896563)



Reply Favorite

Date: September 13th, 2020 9:55 AM
Author: Passionate circlehead cuckoldry

Why doesn't your income scale with that of other internet posters? I thought VC/PE = $$$$$$$$$$$$$$$$$$$$$$$$$$. Do you just answer the phones or what. What City? You make the same as pedude and he thinks his income is ignominious and he isn't even in PE.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912425)



Reply Favorite

Date: September 13th, 2020 10:38 AM
Author: Bearded forum ratface

in terms of pay and prestige it goes:

megafund PE > upper mid market > top 5 VC sequoia accel etc. > mid market PE > growth equity > lower mid market PE > large vc > in-n-out manager > small vc

there's nothing to do at the vc stage if ur not a partner. there's no financials. there's no analysis. all u do is cold call and try to get a top startup to take ur shitty deal and preference stack before they ultimately email sequoia which is why it's a winner take all since 95% of startups fail and the good ones know exactly who to email first and it's not going to be nyreal & batgod's VC firm

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912569)



Reply Favorite

Date: September 13th, 2020 10:42 AM
Author: Passionate circlehead cuckoldry

I prefer the name, "batgod LLC"

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912583)



Reply Favorite

Date: September 13th, 2020 10:51 AM
Author: Bearded forum ratface

start it up bro u can do it

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912609)



Reply Favorite

Date: September 13th, 2020 11:45 AM
Author: Angry pistol

Pay I agree. Prestige VC firms move up a few spot. Pretty sure Sequoia would be same prestige as mega PE.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912795)



Reply Favorite

Date: September 13th, 2020 12:14 PM
Author: Bearded forum ratface

maybe, ur focusing on the wrong things

who cares if cross admit battle between blackstone/kkr and sequoia is 70% vs. 80%. or maybe it's 60%.

what matters is can u retire early with a yacht or a few houses or never and just continue wage cucking.

Because when u die ur bones turn to ash and all u had was ur shitty meager blip of an existence

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912919)



Reply Favorite

Date: September 13th, 2020 12:19 PM
Author: Passionate circlehead cuckoldry

His posts will live on however. Who wants to read about some low-income Loser. At least if he is a Partner he can post a higher income and make the past less ignominious to reflect on for our descendants reading archive.org. What we do in life echoes in eternity.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912937)



Reply Favorite

Date: September 13th, 2020 12:31 PM
Author: Bearded forum ratface

agreed but he needs to have a plan to get out of this shitty 1st year midlaw salary stage

it's VERY HARD to make partner in a vc firm, it's harder in small shitty ones because if someone is in the position to boost u up to replace them, they would have to quit or die. there's no structure and very little meat to go around all the hungry mouths. and ur entirely 100% replaceable since ur a cold calling machine.

it's actually easier at sequoia to get partner vs. a generic vc or shit vc because if u get lucky and the stars align u may have enough experience in a niche field in a large org to sneak past the door and then get inside.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912979)



Reply Favorite

Date: September 13th, 2020 1:17 PM
Author: Angry pistol

This guy knows what he’s talking about.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913136)



Reply Favorite

Date: September 13th, 2020 4:42 PM
Author: Adventurous Sound Barrier Piazza

"cross admit"

what makes you think they'd (top VC) ever offer a job to someone who would turn them down for KKR/BX

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913945)



Reply Favorite

Date: September 22nd, 2020 2:13 PM
Author: gaped light stag film new version

lol. this is completely retarded

top vc >>>>>>>>>>>>>>>> blackstone. with blackstone, you're managing executives at hilton hotels and jacob's cream crackers

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966866)



Reply Favorite

Date: October 2nd, 2020 5:07 AM
Author: Angry pistol

In terms of lay prestige, I agree with this.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030936)



Reply Favorite

Date: September 13th, 2020 9:56 AM
Author: aggressive ticket booth

Does military experience help in getting hired?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912429)



Reply Favorite

Date: September 13th, 2020 12:19 PM
Author: Passionate circlehead cuckoldry

(Rudolph)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912940)



Reply Favorite

Date: September 13th, 2020 12:21 PM
Author: Angry pistol

Not for VC. It’s a + for IB and PE.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40912943)



Reply Favorite

Date: September 13th, 2020 3:58 PM
Author: vengeful dysfunction box office



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913764)



Reply Favorite

Date: September 13th, 2020 2:27 PM
Author: narrow-minded dilemma

do you get carry

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913437)



Reply Favorite

Date: September 13th, 2020 2:56 PM
Author: Angry pistol

At my current level I don’t. That’s where the real $$ is but that only pays out every 5-7 years. And unless you have a monster exit, carry really doesn’t add up to much amortized.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913574)



Reply Favorite

Date: September 13th, 2020 3:04 PM
Author: narrow-minded dilemma

lol faggot

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913593)



Reply Favorite

Date: September 13th, 2020 7:01 PM
Author: Bearded forum ratface

my buddy does vc he says the same thing as u

it's all prestige and 0 pay. some of these guys live in SF with 3 roommates in a fucking box apartment.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914494)



Reply Favorite

Date: September 14th, 2020 10:13 AM
Author: narrow-minded dilemma

sometimes you hit the lottery/have “vision” and can retire in your 30s/40s

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917009)



Reply Favorite

Date: September 14th, 2020 8:44 PM
Author: Bearded forum ratface

ask anyone in vc

in those situations u'd rather be in the startup

mark zuckerberg got rich

the 20th employee at facebook got rich

peter thiel got rich

but even peter thiel's junior didn't see shit, much less some smaller vc firm's associates on those big exits

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920395)



Reply Favorite

Date: September 14th, 2020 8:49 PM
Author: Adventurous Sound Barrier Piazza

peter thiel's junior vc associate at the time is probably a mid level manager at airbnb rn lmfao

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920425)



Reply Favorite

Date: September 22nd, 2020 2:27 PM
Author: gaped light stag film new version

not true at all. thiel's junior vc is probably running his own fund now

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966944)



Reply Favorite

Date: September 16th, 2020 10:25 PM
Author: Cracking nighttime nibblets generalized bond

isnt that why u get into VC? to identify a kushy unicorn to jump ship to?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40932709)



Reply Favorite

Date: September 22nd, 2020 2:35 PM
Author: gaped light stag film new version

thiel's junior VC can literally raise $$ from any LP to start his own fund. thiel would be his first investor. lol at you

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40967033)



Reply Favorite

Date: September 13th, 2020 4:00 PM
Author: Angry pistol

Any questions on what I do on a day to day basis?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913774)



Reply Favorite

Date: September 13th, 2020 4:10 PM
Author: electric godawful ceo scourge upon the earth

No one cares

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913837)



Reply Favorite

Date: September 13th, 2020 4:20 PM
Author: Sickened clear center

what percent of your colleagues have a background in sales/technical/finance background?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913886)



Reply Favorite

Date: September 13th, 2020 5:08 PM
Author: Angry pistol

Sales: 0%

Technical: just me

Finance: everyone else



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914035)



Reply Favorite

Date: September 13th, 2020 4:44 PM
Author: Adventurous Sound Barrier Piazza

how embarrassing is it for an ex-VC to have a startup not funded by their ex firm

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40913956)



Reply Favorite

Date: September 13th, 2020 5:10 PM
Author: Angry pistol

Not that embarrassing. No one cares. We look at the product-market fit above all else. Someone else investing makes you do a double take, so it's a positive if anyone invests, but not necessarily a negative if your ex-firm does not invest.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914038)



Reply Favorite

Date: September 13th, 2020 6:08 PM
Author: Adventurous Sound Barrier Piazza

couldn't a famous angel like Naval just be a seed/A investor instead, what's the difference

how rich do you think a guy like that is

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40914303)



Reply Favorite

Date: September 13th, 2020 11:15 PM
Author: Multi-colored Bespoke Macaca Range

Good question. Also who TF is Naval?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915753)



Reply Favorite

Date: September 13th, 2020 11:26 PM
Author: Adventurous Sound Barrier Piazza

https://en.wikipedia.org/wiki/Naval_Ravikant

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915792)



Reply Favorite

Date: September 14th, 2020 8:26 AM
Author: Angry pistol

Admittedly I don’t know much about angel investing except for one key fact:

They are champs at the seed round and thus could have better returns than VCs on a percentage basis since most VCs come in at later seed or Series A. They have an institutional advantage over professional VCs in that they can spray and are faster moving, less bureaucratic.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916725)



Reply Favorite

Date: September 13th, 2020 11:30 PM
Author: Cracking nighttime nibblets generalized bond

Thoughts on rolling funds and their potential?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40915804)



Reply Favorite

Date: September 14th, 2020 8:27 AM
Author: Angry pistol

No insight.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916728)



Reply Favorite

Date: September 16th, 2020 10:07 PM
Author: Cracking nighttime nibblets generalized bond

throw away email?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40932597)



Reply Favorite

Date: September 25th, 2020 5:56 PM
Author: Angry pistol

robert.whitestown@gmail.com

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987220)



Reply Favorite

Date: September 14th, 2020 8:28 AM
Author: Bearded forum ratface

do u manage anyone?

i.e. analysts, summer interns

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916733)



Reply Favorite

Date: September 14th, 2020 9:03 AM
Author: Angry pistol

Nope.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916801)



Reply Favorite

Date: September 14th, 2020 9:13 AM
Author: Bearded forum ratface

is there anyone below you at least?

if so, what happens when they join, they dont report to u?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916839)



Reply Favorite

Date: September 14th, 2020 9:17 AM
Author: Angry pistol

They work on stuff for the Partners, and we may work together with me being the Unofficial Lead, without me having direct Chan of command.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916841)



Reply Favorite

Date: September 14th, 2020 9:17 AM
Author: opaque irradiated senate

How long will you stay in your current gig.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916842)



Reply Favorite

Date: September 14th, 2020 10:12 AM
Author: Angry pistol

1-2 years.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40916997)



Reply Favorite

Date: September 14th, 2020 10:19 AM
Author: narrow-minded dilemma

after that?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917044)



Reply Favorite

Date: September 14th, 2020 10:36 AM
Author: Angry pistol

Switch to a bigger firm or run a company.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40917099)



Reply Favorite

Date: September 14th, 2020 4:19 PM
Author: Angry pistol

Ask me about due diligence..

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40918862)



Reply Favorite

Date: September 14th, 2020 4:56 PM
Author: vigorous emerald hissy fit athletic conference

how do u do due diligence on a founder/team/company

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40919096)



Reply Favorite

Date: September 15th, 2020 12:21 AM
Author: Angry pistol

Founder/ team, we do psych evaluations for what it’s worth. We are pretty hard bent on product market fit as well so that’s a proxy after the fact that the team is legit.

The company due diligence is based off of understanding the competitive landscape which we do by reading analyst reports on the market place, googling and connecting the dots. We also look for key unique selling points that the company states they have, which from what I’ve seen isn’t really challenged. We also do customer reference checks which are laughable.

So bottom line: the due diligence is really looking for information to back the fact that the company has product market fit and why we’ll invest so we can justify our decisions to the LPs. In my firm at least it’s not very forward looking. The lack of forward thought/ independent insight is remarkable. Ultimately, we’re a bunch of guys making bets hoping to get lucky, and the due diligence is more to justify capital calls than anything else. Not very different from what IB analysts do.

I do believe there are VC firms out there with more insight than us, but not too many. The point about whether we’ll exclusively get shitty deals as a no name brand VC I don’t completely agree with - you can establish ties with hot startups by connecting with them even if you’re a shitty firm if you have something in common with them.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40921522)



Reply Favorite

Date: September 15th, 2020 6:41 PM
Author: vigorous emerald hissy fit athletic conference

ty

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40925445)



Reply Favorite

Date: September 14th, 2020 8:59 PM
Author: underhanded wrinkle

Why are you so excited to take Qs? For someone in VC, you seem to know very little about it. No opinion on rolling funds? LOL, bud it's one of the biggest (if not the biggest) innovations in your space this year. I feel like I know more than you about VC based on spending a couple years at a startup.

The only insight you've had is that the economics of VC firms are very much captured by the top partner(s), despite VC firms increasingly calling everyone a "partner." If you're smart and technical, you should start a company. No in-demand founder is going to want some 31 yr old with his own "VC firm" investing if he has any real options, so you'd only get the shitty opportunities. There are rare exceptions (e.g., Fred Wilson), but most of the people who do really well in VC have been a successful founder or at least at a really high level exec of a company that had a big exit.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920484)



Reply Favorite

Date: September 14th, 2020 9:02 PM
Author: Bearded forum ratface



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920503)



Reply Favorite

Date: September 14th, 2020 9:02 PM
Author: Adventurous Sound Barrier Piazza

this guy is likely some VC serving lawyer or VC serving ibanker larping but who cares

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920505)



Reply Favorite

Date: September 14th, 2020 9:19 PM
Author: Bearded forum ratface

nah i believe OP but it's true there are so many SHITTY vc firms out there. it's a giant distribution, unlike PE where 50% of firms are legit, everyone and their mother is getting into vc or angel investing

and i don't mean just celebs like shaq o neil or jessica alba or ashton kutcher who are actually good and at least have a big wallet. i'm talking ex-oracle ex-microsoft balding 40 year old losers with barely $4mm bucks to scrape together hiring an army of cheap kids

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920595)



Reply Favorite

Date: September 14th, 2020 9:28 PM
Author: underhanded wrinkle

Meh. Most of the celebrities as VC investors is just them cashing in on their name and ability to publicize products in exchange for equity. It makes a ton of sense in consumer products where the products (e.g., alcohol) is totally indistinguishable when you put aside branding.

Even if you're at a shit VC firm, you'd think youd have an actual thought on rolling funds.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40920641)



Reply Favorite

Date: September 15th, 2020 12:23 AM
Author: Angry pistol

This is correct.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40921527)



Reply Favorite

Date: September 15th, 2020 7:03 AM
Author: Angry pistol

not a lawyer.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40922109)



Reply Favorite

Date: September 15th, 2020 12:50 PM
Author: Angry pistol

Bump

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40923409)



Reply Favorite

Date: September 15th, 2020 1:04 PM
Author: underhanded wrinkle

You have zero insights, bud. Let your shit thread die.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40923500)



Reply Favorite

Date: September 15th, 2020 1:34 PM
Author: Angry pistol

Anyone else who's not a MFE like ^ who's got questions?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40923684)



Reply Favorite

Date: September 15th, 2020 5:06 PM
Author: Adventurous Sound Barrier Piazza

Do you value ex FAANG engineers as founders?

you see this repeated in reddit and places where they hang out, like "ofc they'll want to fund a 35 year old staff engineer who has never shown any entrepreneurial inclination in his entire life!"

meanwhile actual successful vc-backed entrepreneurs are 20 y/o dropout child prodigies or older tech "vagabonds" with a string of successful exits

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40924991)



Reply Favorite

Date: September 16th, 2020 5:57 AM
Author: Angry pistol

What’s most important is the skill/ idea/ grind you bring in. If you launched products end to end and have been working on something on the side with product market fit you’re in.

In other words, the 20 year old has been:

1) working on the entire business end to end

2) shows commitment to an idea and most likely has product market fit

3) can grind

Similarly for the veteran who’s had end to end experience, and has validation thru exits. He’ll be a better fit for B2B since he can hire grinders for him.

Ironically the mid level engineers are too narrow in their scope to both the college drop out and the veteran. In FAANG, you’re hired for a singular task and do it for 10-25 years before your scope starts broadening out again. At FAANG, you don’t do business, you do a task.

If there’s one key above all to VC investing it’s this: “product-market fit”

Hope that answers your question.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40927815)



Reply Favorite

Date: September 16th, 2020 11:35 AM
Author: Angry pistol

Any other questions. Here for the next 30 mins.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40928833)



Reply Favorite

Date: September 16th, 2020 3:18 PM
Author: Angry pistol

Bump

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930065)



Reply Favorite

Date: September 16th, 2020 3:38 PM
Author: electric godawful ceo scourge upon the earth

stfu fag

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930235)



Reply Favorite

Date: September 16th, 2020 3:47 PM
Author: Adventurous Sound Barrier Piazza

I think a lot of people need to cope and say their shitty work experience is gonna set them up to be a great founder one day

you probably think VC experience is a good background to be fundable and then successful

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930292)



Reply Favorite

Date: September 16th, 2020 4:00 PM
Author: Angry pistol

You internalize what VCs are looking for. So you are more likely to get an “interview” but that’s it.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930376)



Reply Favorite

Date: September 16th, 2020 3:21 PM
Author: Flickering Bisexual Shrine Mexican

are SPACs here to stay?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930082)



Reply Favorite

Date: September 16th, 2020 4:00 PM
Author: Angry pistol

No. SPACs are the product of a roaring tech market.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930371)



Reply Favorite

Date: September 16th, 2020 3:39 PM
Author: Blue Duck-like School Cafeteria Cumskin

how does a startup prove "product market fit" to the point where a vc would be interested in investment?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930245)



Reply Favorite

Date: September 16th, 2020 4:02 PM
Author: Angry pistol

Do you have paying customers. Is your customer base growing. Is your ARR/ MRR growing at a 40+ % rate or so. What is your churn like?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930381)



Reply Favorite

Date: September 16th, 2020 4:56 PM
Author: Passionate circlehead cuckoldry

Why do people with terrific growing businesses need to whore themselves out to assholes who want immense equity stakes in exchange for small amounts of money. Is your business basically "shark tank."

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40930734)



Reply Favorite

Date: September 16th, 2020 6:03 PM
Author: Angry pistol

To put fuel on the fire. There’s a limit to how much fire you can have based off of organic growth if your competition eats your lunch before you can scale big enough to ward him off.

Shark tank is not a bad representation at all. Slightly different nuances but the general principle is there.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40931189)



Reply Favorite

Date: September 17th, 2020 5:51 PM
Author: Angry pistol

Anyone else?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40937310)



Reply Favorite

Date: September 20th, 2020 3:06 AM
Author: Adventurous Sound Barrier Piazza

1) convince internet software businesses that don't really need your money to take it

2) ???

3) profit

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952816)



Reply Favorite

Date: September 20th, 2020 7:15 AM
Author: Angry pistol

This is 90% accurate.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952984)



Reply Favorite

Date: September 18th, 2020 7:58 AM
Author: Angry pistol

Taking questions for the next hour.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40939905)



Reply Favorite

Date: September 18th, 2020 8:14 AM
Author: Cocky dog poop really tough guy

Thoughts on WSGR, Cooley, Gunderson and Fenwick?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40939922)



Reply Favorite

Date: September 20th, 2020 7:17 AM
Author: Angry pistol

No thoughts on the above. I have friends at Sonsini.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952986)



Reply Favorite

Date: September 20th, 2020 3:07 AM
Author: Adventurous Sound Barrier Piazza

https://techcrunch.com/2020/09/15/the-chainsmokers-just-closed-their-debut-venture-fund-mantis-with-35-million/

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952817)



Reply Favorite

Date: September 20th, 2020 7:24 AM
Author: Angry pistol

Pretty interesting. I wonder how they got connected to Cuban.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40952995)



Reply Favorite

Date: September 20th, 2020 2:58 PM
Author: Adventurous Sound Barrier Piazza

you like cuban? doesn't seem too bright to me

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954733)



Reply Favorite

Date: September 20th, 2020 3:15 PM
Author: Flickering Bisexual Shrine Mexican

(guy who doesn't know about the collar)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954845)



Reply Favorite

Date: September 20th, 2020 3:34 PM
Author: Adventurous Sound Barrier Piazza

he's a scumbag/jock wannabe who made it doing glorified IT consulting

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954991)



Reply Favorite

Date: September 20th, 2020 3:41 PM
Author: Angry pistol

It's not a matter of liking Cuban. It's a matter of fundraising. We're fundraising ourselves and I always wonder how you get connected to potential investors, without going through sourcers, etc.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40955014)



Reply Favorite

Date: September 20th, 2020 3:45 PM
Author: Adventurous Sound Barrier Piazza

he answers cold emails from college kids

they're famous DJs

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40955028)



Reply Favorite

Date: September 20th, 2020 3:16 PM
Author: Bat shit crazy stubborn halford

How does his ass feel in comparison to his HA persona?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40954854)



Reply Favorite

Date: September 21st, 2020 1:26 PM
Author: Angry pistol

Any new questions.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40959637)



Reply Favorite

Date: September 22nd, 2020 12:04 PM
Author: Angry pistol

Taking questions for the next 2 hours.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966064)



Reply Favorite

Date: September 22nd, 2020 1:49 PM
Author: vigorous emerald hissy fit athletic conference

what r ur thoughts on wgwag

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966724)



Reply Favorite

Date: September 22nd, 2020 2:07 PM
Author: Angry pistol

If you’re in America, good luck! If you’re into it, Europe / South America Is your best bet. This is assuming you’re American, and even if you’re not, but to a lesser extent.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40966837)



Reply Favorite

Date: September 23rd, 2020 1:23 PM
Author: Angry pistol

Anyone have questions?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40972694)



Reply Favorite

Date: September 24th, 2020 9:23 AM
Author: Angry pistol

Answering questions for the next 30-60 mins.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40977782)



Reply Favorite

Date: September 24th, 2020 9:24 AM
Author: narrow-minded dilemma

what did you do before this?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40977790)



Reply Favorite

Date: September 24th, 2020 12:54 PM
Author: Angry pistol

Engineering + Product Management

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40979158)



Reply Favorite

Date: September 24th, 2020 1:54 PM
Author: narrow-minded dilemma

what made you want to jump into vc?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40979557)



Reply Favorite

Date: September 24th, 2020 2:01 PM
Author: Angry pistol

Thought investing in startups would be interesting and for the $$, glamour. So far it’s been grossly underwhelming.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40979608)



Reply Favorite

Date: September 24th, 2020 4:41 PM
Author: Angry pistol

Any other questions? Here for the next hour.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40980591)



Reply Favorite

Date: September 25th, 2020 5:43 PM
Author: Angry pistol

Any Friday specials?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987137)



Reply Favorite

Date: September 25th, 2020 5:45 PM
Author: Beady-eyed Heaven

What did the first cock entering your anus feel like? Was it received with an admixture of pleasure and pain? Total delight? Was it someone you knew, a brother, cousin, close friend, father? Or a total stranger that you met at a bar on a rainy night and decided to just "give it a go" for the sheer thrill of it?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987162)



Reply Favorite

Date: September 26th, 2020 1:23 AM
Author: Adventurous Sound Barrier Piazza

who are your favorite VCs

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989265)



Reply Favorite

Date: September 26th, 2020 3:33 AM
Author: Angry pistol

Off the top of my head, as cliched as it sounds, I really liked Thiel. Have to think about this some more.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989546)



Reply Favorite

Date: September 25th, 2020 5:45 PM
Author: Dashing den degenerate

Ahem

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40987161)



Reply Favorite

Date: September 26th, 2020 1:25 AM
Author: narrow-minded dilemma

how hard is it to get vc funding?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989267)



Reply Favorite

Date: September 26th, 2020 2:33 AM
Author: Angry pistol

Very hard. For every 100 deals we have a follow-up with 10-20. Out of those 10-20, we’ll invest in 1-5 max. The problem is that a lot of guys don’t have product market fit and there’s no path to market dominance for the majority of startups. VCs are still a conservative bunch, and you have to show them why you’ll be a winner - they (VCs) won’t be able to envision it for themselves for the most part.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40989452)



Reply Favorite

Date: September 27th, 2020 1:05 AM
Author: Adventurous Sound Barrier Piazza

Can you honestly say you would've invested in some of these latest tech IPOs as VC stage companies

like Snowflake, nCino, what in the fuck are these

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40993958)



Reply Favorite

Date: September 27th, 2020 5:13 AM
Author: Angry pistol

Snowflake for sure. nCino I don’t know anything about. The best VCs do two things really really well:

1) vision for the future success of the application

2) grasp of how the general public is going to take an idea. 2) can feed into 1)

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#40994394)



Reply Favorite

Date: September 29th, 2020 9:26 AM
Author: Angry pistol

Any new questions about my industry?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007073)



Reply Favorite

Date: September 29th, 2020 9:28 AM
Author: glittery trailer park indirect expression

Can an attorney from an "emerging companies" practice at a big firm (example: https://www.cooley.com/services/practice/emerging-companies) ever exit to a VC firm in a non-legal role?



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007086)



Reply Favorite

Date: September 29th, 2020 10:45 AM
Author: Angry pistol

Impossible. Lawyers and legal experience are seen as support functions if not negatively.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007523)



Reply Favorite

Date: September 29th, 2020 10:56 AM
Author: glittery trailer park indirect expression

180 fuck law

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007592)



Reply Favorite

Date: September 29th, 2020 10:59 AM
Author: vengeful dysfunction box office

They would probably have to do banking for a few years first. The idea of some seasoned M&A lawyer trying to analyze product market fit for a saas business is pretty funny

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007613)



Reply Favorite

Date: September 29th, 2020 4:18 PM
Author: Adventurous Sound Barrier Piazza

i'm chortling that you think banking experience is good

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41009827)



Reply Favorite

Date: September 30th, 2020 1:55 PM
Author: Angry pistol

Yeah banking experience is not seen very favorably, except maybe TMT at GS, but that's only for the brand, not for the experience. May be valuable at Growth funds though.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41018946)



Reply Favorite

Date: October 1st, 2020 12:31 PM
Author: Ungodly sooty double fault

ROFL and a 2 year banking analyst could do better?

Neither bankers nor lawyers are market or product specialists no matter how much you bleat to the contrary.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41025147)



Reply Favorite

Date: September 29th, 2020 11:35 AM
Author: Curious jade gay wizard haunted graveyard

clicked on that link and this was the first attorney bio i saw without doing any searching. this may be the most punchable face in the world right now?

https://www.cooley.com/people/mischi-a-marca

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41007858)



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Date: September 29th, 2020 2:28 PM
Author: Angry pistol

Unhireable in VC for sure.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41009028)



Reply Favorite

Date: September 29th, 2020 2:29 PM
Author: black fiercely-loyal theatre police squad

yes, but very rare and much harder than it used to be

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41009035)



Reply Favorite

Date: September 30th, 2020 12:34 PM
Author: Angry pistol

Ask me about how bad my VC firm’s approach to investing is?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41018406)



Reply Favorite

Date: October 1st, 2020 12:29 PM
Author: Angry pistol

AMA

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41025143)



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Date: October 1st, 2020 12:36 PM
Author: Ungodly sooty double fault

How much does wokeness/ESG stuff factor into your decision to invest?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41025172)



Reply Favorite

Date: October 1st, 2020 2:29 PM
Author: Angry pistol

0%. We have the reverse problem. We only invest in white firms.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41026028)



Reply Favorite

Date: October 1st, 2020 6:07 PM
Author: Angry pistol

bump

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41027758)



Reply Favorite

Date: October 1st, 2020 6:41 PM
Author: Blue Duck-like School Cafeteria Cumskin

For a Consumer facing Digital product, how much traction Should a company have before approaching VCs? How is traction defined?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41027973)



Reply Favorite

Date: October 2nd, 2020 12:39 AM
Author: Angry pistol

Ideally 100% yoy growth to get VCs really interested. But your product will be judged on how much of that growth is organic, and not paid for. Equally important is the stickiness, your MAU and your churn.

Basically you can’t fake your growth.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41029955)



Reply Favorite

Date: October 2nd, 2020 1:24 AM
Author: Blue Duck-like School Cafeteria Cumskin

So what’s the minimum time period that a VC wants to see? At least 2 years post release?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030244)



Reply Favorite

Date: October 2nd, 2020 5:08 AM
Author: Angry pistol

No. Month over month in year 1 is also acceptable but you Are strongest the more of a track record you have.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030939)



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Date: October 2nd, 2020 1:10 AM
Author: Magical pisswyrm

would you break down your general portfolio by sector for us or nah? if not I'll deduce you're mostly stacking T-bills and G-bills.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030084)



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Date: October 2nd, 2020 5:00 AM
Author: Angry pistol

We are B2B. Vast majority of our investments have been sensors or business process software.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41030930)



Reply Favorite

Date: October 2nd, 2020 12:14 PM
Author: Angry pistol

Any other questions?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41032637)



Reply Favorite

Date: October 2nd, 2020 2:31 PM
Author: Angry pistol

Questions?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41033466)



Reply Favorite

Date: October 2nd, 2020 2:40 PM
Author: Curious jade gay wizard haunted graveyard

what would you all do, if anything, with a developer that had a proprietary tool of some sort but nothing else? would you invest in this person to help them organize their business and take their product to market if all they had to offer currently was a fully developed set of applications?

for example, say a developer came to you with the next great suite of day trading tools in tow. but this person had nothing else (e.g., an organized business, a strategy, funding, etc.). would you work with them?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41033535)



Reply Favorite

Date: October 2nd, 2020 3:28 PM
Author: Angry pistol

Yes, but you have to convince me/ VC that you can create a company out of it and not just a one trick feature. You’re best partnering with a business person before walking in the door. Improves your credibility- if you can convince someone else to join you, it means something.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41033862)



Reply Favorite

Date: October 2nd, 2020 3:46 PM
Author: Curious jade gay wizard haunted graveyard

just the answer i was looking for. thank you

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41033943)



Reply Favorite

Date: October 4th, 2020 11:32 AM
Author: Angry pistol

bump.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41044420)



Reply Favorite

Date: October 8th, 2020 6:31 PM
Author: Angry pistol

Any questions on what makes a shitty VC?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41076231)



Reply Favorite

Date: October 9th, 2020 2:20 PM
Author: Angry pistol

?

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41081240)



Reply Favorite

Date: October 13th, 2020 3:50 PM
Author: Angry pistol

About to quit my VC firm. Taking questions.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41104514)



Reply Favorite

Date: October 14th, 2020 5:33 PM
Author: Angry pistol

Just quit my vc firm!! Woohoo!! MD wants to chat with me tomorrow. Will update.

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#41112318)



Reply Favorite

Date: July 27th, 2021 8:16 PM
Author: Adventurous Sound Barrier Piazza

hey nigger. take q's again

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#42853175)



Reply Favorite

Date: July 27th, 2021 8:25 PM
Author: Adventurous Sound Barrier Piazza

new question: when people say they had one offer by some big name at one valuation and another by some lesser firm at a higher valuation and they had to pick one (valuation or name), why can't they just price discriminate, make them share the deal and pay different prices

is that just bad etiquette or some shit

(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#42853208)



Reply Favorite

Date: August 4th, 2021 3:28 PM
Author: Angry pistol

They certainly can drop hints of price discrimination. But with very few exceptions there's price matching... It starts a race to the bottom. Price / VC firm matching upfront. As in if you're a Sequoia type startup you go to Seq and it's cohort. You're typically not going down the food chain.



(http://www.autoadmit.com/thread.php?thread_id=4623146&forum_id=2#42896555)