Careers in Venture Capital (European Perspective)

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Welcome to the Evisors Webinar: 7 Mistakes Job Seekers Make Online featuring Joshua Waldman

Welcome to the Evisors Webinar

Visit us online at www.evisors.comFinding the Next facebook: Careers in Venture CapitalfeaturingMax Hofer

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Career Advisors on Demand..com/webinars1Careers in Venture CapitalAbout MaxWhat is Venture Capital? Industry Overview and TrendsHow to Research the IndustryWhat do you do in Venture Capital?What are Firms Looking For?The Recruiting ProcessQ&A

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Career Advisors on Demand..com/webinars2About MaxBackground/EducationAustrian nationalUniversity of St. Gallen, Switzerland and HEC Paris (CEMS MIM)Teacher in Costa RicaWork Experience2004-2007 McKinsey & Co. consultant2007-2008 Bain Capital in London Large mega-buyouts2008-2010 Altor Equity Partners Scandinavian mid-market PESince 2010 Kistefos Venture CapitalLower mid-market and mainly VCHosted by:

Career Advisors on Demand..com/webinars3Venture Capital (VC) is basically a variant of private equity:Capital is raised from mostly institutional investors and HNWIMake investments directly into private companies (or ideas!)Exit the investment after some period of time in order to return profits to investors (if all goes well!).however, it is significantly different from leveraged buyouts:Focus on different stage in life-cycle of companiesLimited financial engineeringDifferent ownership dynamics

What is Venture Capital?Hosted by:

Career Advisors on Demand..com/webinars4Industry Overview and TrendsVenture Capital is hot again! Think Facebook, Dropbox, Angrybirds, etc.

What are the underlying drivers for this?Supply chain innovationReduced startup costs (webshop today vs. 10-12 yrs ago: 1/1k)App-economy: 466k app-company jobs created since 07, USD 6bn+ in Apple app store sales to-date

All this and more is creating opportunities for forward-leaning entrepreneurs and for Venture Capitalists

Successful funds have grown fund size, opened new offices and recruited more staff across all levels

High-risk but also high-reward for the very successful VCsHosted by:

Career Advisors on Demand..com/webinars5Industry Overview and Trends ContdCategorization of Funds:

Typically categorized by their investment focus:Industry-focused, i.e. biotech, internet, social mediaStage: (Angel), seed, early-stage, growth

In the US, there has been a (historic) geographic focus of funds:West Coast: Kleiner Perkins, Accel, AndreesenHorowitz, Sequoia, Benchmark Capital, Founders FundEast Coast: Union Square Capital, Bain Capital VC, Bessemer VC

Some technology companies have their own funds, such as Intel Capital, Sony, and Google

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Career Advisors on Demand..com/webinars6How to Research the IndustryCompany websitesCareer guides and websitesNewsletters and blogs such as techcrunch.com, gruenderszene.de (Germany) to follow developments and gain insight into what VCs are investing inAttend VC clubs/conferences at your universityDevelop your business idea and pitch it to a VCTalk to friends/acquaintances who work as VCs or have pitched an investment opportunity

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See the rest at evisors.com/webinars/webinar/117Investment sourcingInvestment diligencePortfolio company monitoringInvestment communicationsWhat do you do in Venture Capital?Hosted by:

See the rest at evisors.com/webinars/webinar/118What are Firms Looking For?Smart people with strong social skills and guts! Its a people business!Drive and strong interest in startup businessesStructured individuals that can build relationships with chaotic, technology-focused, geeky foundersSpecific knowledge/skills that set you apart, i.e. industry expertise, programming skills, PhD in biotech, whatever!An entrepreneurial background is a bonusStrong communication skills you will need to sell your investment hypothesis to investment partnersHosted by:

See the rest at evisors.com/webinars/webinar/119The Recruiting ProcessHosted by:

See the rest at evisors.com/webinars/webinar/1110Q&A

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See the rest at evisors.com/webinars/webinar/1111Questions & Answers

Question 1:

How would you compare the work-life balance between venture capital and private equity firms?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 2:

When working in venture capital, how important is it to have a finance background?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 3:

Is startup experience valuable within a venture capital firm?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 4:

How did your colleagues break into the venture capital industry?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 5:

What are some tips and tricks on networking with venture capital firms?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 6:

How many deals would you look at? What kind of deals do you work on?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 7:

What are current trends amongst venture capital firms?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 8:

What is your perspective on startups that focus on sustainability/the environment?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 9:

What do you look for when evaluating pitches?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 10:

How does the venture capital industry differ between Europe and North America?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 11:

How do you evaluate the different venture capital firms?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 12:

Do most people move up within a venture capital firm or do they tend to switch between the firms?Hosted by:

See the answer at evisors.com/webinars/webinar/11Questions & Answers

Question 13:

What did you like the most/the least about venture capital? What do you find most surprising when working in venture capital?Hosted by:

See the answer at evisors.com/webinars/webinar/11Thanks for Joining & Good Luck!Book your session with Max at http://www.evisors.com/expert/271

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See the rest at evisors.com/webinars/webinar/1125

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