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.