Yet Another (ex-)VC Blog

Cloud computing, entrepreneurship, and venture capital

Insightful comment on the VC hiring ‘funnel’

leave a comment »


So true…the original post by @cdixon is also great…

msuster wrote:

Chris, I’m so glad you wrote this. Everybody asks the question and now I’ll just send them the link ;-)

We recently hired an associated. I got >; 700 resumes and I didn’t even post that widely. 65 of them were of unreal quality in terms of education and job experience. Undergrad: Harvard, Stanford, Wharton, Princeton, Yale & MBA: Harvard, Stanford, Wharton. Many had near perfect SATs and GMATs. Many worked for Goldman Sachs, Morgan Stanley, McKinsey or had worked in P/E or VC before.

It was UNREAL. Not that you need these qualifications to be successful. But when you’re staring at 700 resumes (and we VCs don’t have an HR department!) you need some way of filtering quickly. In my process I also gave high street cred to CS undergrads – particularly from MIT or equivalent and for premier tech experience: Google, well-known startups or even one great candidate from Microsoft’s Xbox group.

>;From the 65 we did 16 1-hour in-person interviews. We short-listed 6 and did full day interviews including a presentation from the candidate analyzing a market. They were given less than 1 week to prepare. We finalized 3 that we took to dinner to check social fit. We chose 1.

My point is … the numbers are so daunting that anything “standard” won’t work unless you already walk on water. The people who “sneaked into” the process were a) great networkers b) great networkers and c) had other people contact me on their behalf (great networkers). But if you don’t have GREAT street cred already don’t hassle the VCs. Just accept that it isn’t likely you’ll get in without doing great things at a start-up first.

Link to comment: http://www.cdixon.org/?p=732#comment-16630352

If you liked this post, and are interested in careers in venture capital, think about subscribing to my mailing list. I promise not to spam you and will only send information related to venture capital jobs and careers. Please input your email address in the field (and click ‘Submit’) below if you would like to subscribe.

About these ads

Written by John Gannon

September 15, 2009 at 12:43 pm

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,513 other followers

%d bloggers like this: