I recently had the privilege of speaking at UoA and AUT’s Startup Club NZ panel event all about transitioning from uni to working in the startup/VC ecosystem and saw just how many students were keen to learn more about the space from young professionals like myself. Alchae circa 2021 didn’t even know the VC space existed and now I’m honoured enough to call it my job. Having recently reached 2 years in VC, and at GD1, I thought it would be perfect timing to distil my learnings from the past two years to hopefully make the VC space less opaque to students. 1. Be curious!! - In VC, you’re constantly delving into new tech you may have never encountered and deciding where to invest millions. Embrace curiosity; it helps you ask the right questions and understand what drives companies. Take advantage of meeting bright minds – there’s no better access to specific information/knowledge. 2. Networking matters - Get comfortable meeting strangers, and building long-term, trusted relationships. A big part of the role involves going to networking events and getting your brand as well as your firm’s brand out there. As an Analyst, you will be expected to scour the ecosystem and be across any new deals and compelling companies coming through. Your networks will be crucial for staying on top of this. Having a strong network sets you up for success in generating dealflow. 3. You learn on the job - Don’t fall into the trap of thinking that no finance knowledge means you can’t make it into VC. My undergrad was in Medicinal Chemistry, completely unrelated to VC. Coming into VC as a recent grad, I was skeptical I would be able to do it well, but I have learnt that if you have the drive and the eagerness to learn, you will pick it up as you go. Support from your colleagues also helps. On top of that, there are books and courses online such as Breaking Into Wall Street that will equip you with the foundational info if you want to prepare. 4. Be firm but open-minded in your opinions - At some point, you are going to disagree with a colleague on a company and that’s okay. Every person on the investment team at a VC firm is hired to present a different perspective that others can’t bring. Have an opinion and have points to back it up but have an open mind when it comes to deal discussions. Embrace diverse perspectives and be open to robust discussion, a good investment stems from differing viewpoints. 5. Be up to date - In VC, staying current is crucial. Keeping abreast of tech advancements, market commentaries, trend reports etc helps across the board from networking to deal due diligence. Use platforms like TechCrunch, NBR - National Business Review, Caffeine Daily to get your news and of course, social media platforms like X and LinkedIn. Breaking into VC can be daunting, I hope this has demystified it for you a little bit! Let me know if there is anything else I can share – always happy to help:)
Articulate post Alchae - all your points really resonated with me!
Thanks Alchae! This was a pleasure to attend
🙌🏼🙌🏼🙌🏼
Great Post, Thanks for the mention Alchae Cansana 🙌 Have you checked out our daily shot yet?