Thursday, 24 October 2013

Wall Street Oasis - Investment Banking & Finance Community: My Success Story - Pure Luck

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My Success Story - Pure Luck
Oct 25th 2013, 00:00, by Orkid

monkey lucky.jpeg

I'm writing this from a new account which I will be using from now on. I have, however, been a member for a year and a half on WSO.

This is the first part of my success story. The next part will be written in 2 to 4 years when hopefully I have made bank.

I recently became a first year analyst at a growth equity shop in an emerging market with no previous real M&A experience I had previously interned at this shop and they weren't looking for FT employees.

This company was born out of two of the execs in a leading VC firm in this country, and another exec from another leading VC partnering to create this new company. My company, since inception, took over the entire portfolio of the VC they left to manage it. Effectively, the difference to it being our fund is that it is the investors money, managed by the first VC, which we then manage. Therefore, carried interest goes through one extra avenue, which isn't great.

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