Want to move to PE/VC from BD -- Am I making the right decision?
Dear nice people, please help me. I do not know if I am making the right decision.
Currently, I am working for a private tech company in a business development role. I have had product management background in various tech companies as well, I must say, I am can provide a comfortable life for myself and my family (wife and kids). I make 225K a year including everything. Now, for a couple of years, I have been really thinking about moving into VC or PE careers. I have talked to a couple of firms in town, they immediately reject my applications because of the lack of banking experience I have.
Even though my current job is fine, it can be boring sometimes. I want to have more opportunity to push myself and get rewarded significantly better. My goal is to work hard, but also get paid a lot if I can make the company a lot of money. I also like to work on new things all the time hence my desire to switch into investment career.
I know that VC roles pay less than PE roles. My issue is that I cannot take a huge pay cut. I got offered an associate role in a VC company. The offer was for 110K. There was no way I could have accepted it. After that I started to focus more on PE roles, however, as I mentioned before, not having a banking background haunts me.
I should mention. I am in my mid 30s.
What would you do if you were in my position? How would you position yourself to get into a PE role?
Did I say something wrong? Lack of any responses past three days does not make sense. Did I posted this in the wrong forum?
What did you end up doing?
Don't pursue the job of someone else's dream. If you're happy and making good $, count your blessings and sit your ass down. If you want to experience PE/VC do some unpaid consulting to a fund and see if you REALLY like what they do.
bump as I am in a similar situation. make great money as a VP of BD for a PE backed tech firm but my dream has always been to work on a deal team within a tech focused PE/Growth firm such as Thoma, GA, Summit, etc. any updates on if you made the transition & any insight from anyone on the form on how best to make the change to a deal team?
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