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“I Do Deals” — And Other Lies VC Associates Tell at Parties

  • Venture Capital (VC) associates often misrepresent their actual role and responsibilities at parties.
  • They claim to do deals and have influence, but in reality, they mainly perform grunt work and lack decision-making power.
  • VC associates come from diverse backgrounds, with 40% from investment banking, 40% from startups, and the remaining from consulting and other fields.
  • The VC industry has its own set of challenges, including a simple and incentivized business model, risk in deploying capital, and the need to differentiate unique insights.

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