Yet Another (ex-)VC Blog

Cloud computing, entrepreneurship, and venture capital

How to identify venture capital firms that may be hiring

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It’s not always obvious which Venture Capital firms may be hiring.

In just 2 and 1/2 minutes I’ll show you how to find out. Check out the audio download here.

Written by John Gannon

August 25, 2014 at 3:09 pm

The oldest form of “social media” converts the best

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And you thought email was dead…

My friend Ryan Delk at Gumroad has aggregate data from thousands of sellers ranging from ebook authors (like me) to famous musicians using their platform, the result is some really interesting stats.

To me the most interesting was conversion rate by referrer. Meaning, what percentage of the people who come to the sales page actually purchase?

YouTube: 2.2%

Twitter: 5.4%

Facebook: 6.3%

Email: 9.4%

via ConvertKit.

Written by John Gannon

August 24, 2014 at 8:27 pm

Going from zero to one? Incredible.

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Don’t read the blog posts on “Here’s how to hire your 10th VP of blah blah blah.” That’s a rich man’s problem when you need to worry about scaling your sales team. What’s missing is understanding what it takes to be a five-person team to succeed. Going from zero to one is incredible. One to five is inconceivable. Beyond that, you’re not adding 100% of your organization every time you make a new hire.

via Cooking Up App Ingredients — Medium.

Written by John Gannon

August 19, 2014 at 9:43 pm

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Joining a CFO’s team at a tech company: A path to a venture capital job or a road to nowhere?

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A reader of my venture capital careers mailing list wrote to me with the question below. She’s an investment banker that’s thinking of going to work on a CFO’s team at a small tech company.
Her goal? To eventually get a job in venture capital.

Here’s what she said (slightly modified to protect the innocent):

I wanted to get your opinion on a job I’m currently interviewing for. At some point I would like to get into VC but I realize with my current background that it may be more challenging.
I am currently interviewing with XXXXXXXX in XXX. The role entails working with the CFO, as well as interacting with each of the business units to develop models, business plans, presentations, etc. They have emphasized that the role is not strictly creating models, but truly getting to understand the different products and business lines while working with the business heads.
Apologies if that was long-winded, but I was hoping you might have some insight on if you think this role could be helpful for getting into VC later on or if I’m better off where I am now (or going to a start-up obviously).

And here’s what I think…

I don’t know of many people who went directly into a venture capital job after a job as a financial analyst.

People take all sorts of paths into VC but it definitely helps (especially if you are early in your career) if you have one of those backgrounds that pattern matches with what a ‘typical’ analyst or associate looks like. Financial Analyst –> VC associate or analyst is not one of them. However…

There are lots of examples of early career investment bankers who move into VC.

You can figure out from a well crafted LinkedIn boolean search that there are a ton of people who have worked in VC who came from an investment banking background. People like:

If you haven’t already done it, reach out to some of your investment banking peers who have successfully made the move. See if they’ll share their stories with you. I bet they will have some tactics or ideas (or leads!) you haven’t explored.

Have you thought about working in corporate development at a big tech company?

Corporate Development people at big tech companies interact with lots of startups and lots of VCs. I’m not sure how much experience a Corp Dev role typically requires but hiring managers are usually looking for former investment bankers and consultants. This could be another route for you to explore in your quest to get a venture capital job. I talk about this and other paths to VC in my venture capital careers eBook. I hope this helps. Good luck in your search!

Written by John Gannon

August 14, 2014 at 11:08 am

3 Tech Skills You Absolutely Need—Especially if You Don’t Code

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When you’re working at a startup, even if you’ve never touched Python or Photoshop, you still need to be able to get stuff done when technical or design tasks come your way. See my post at The Daily Muse to find out why.

Written by John Gannon

August 13, 2014 at 6:03 pm

Posted in Uncategorized

Goals have a way of turning into reality

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Great advice from a founding CEO who has been crushing his company’s goals and is building a sustainable, high growth business in the process.

Goals have a way of turning into reality.  Even though we were only two people with pretty much no product and no business model and no customers, simply willing the revenue to occur by putting it down on paper, helped it occur.

via Do Financial Plans Matter in Tech Startups? | Raj K. De Datta’s blog.

Written by John Gannon

August 12, 2014 at 3:15 pm

Posted in Uncategorized

Venture Capital Job Hunting Workshop – August 20th in NYC

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On August 20th I’m offering my popular VC Job Hunting Hacks workshop here in NYC.

The last 3 times I held this workshop it received 100% positive reviews. And I will not let that change this time around so I’m bringing even more content and tools to the table to make sure you get incredible value from the session. 

 

Click here if you want to learn more about the class or would like to enroll.

If you have any questions about the class just reach out to me directly, leave a comment below, or hit me up on Twitter.

Hope to see you there.

 

Written by John Gannon

August 8, 2014 at 1:33 pm

Posted in Uncategorized

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