The industry numbers how big is the venture capital

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The industry numbers How big is the venture capital industry? The number changes depending on what you call a “Venture Capital” firm. The National Venture Capital Association estimates about 8,000 VC professionals. We came up with the following estimates for the number of positions nationwide in the industry, about average. Analysts/Associates (entry level): 750-1,000 Senior Associates/VP (partner track): 1,000-1,500 Partners: 4,000 Firms: 700-750 The most authoritative source for companies of the types listed above is Pratt’s Guide to Venture Capital Sources (published by Thomson Financial). You should check it out in the reference section of your local library. However, if you call these firms, you’ll find out that a fair number are either gone or winding down. And, some firms aren’t listed in Pratt’s because they are new and haven’t been added yet. Other firms simply don’t want to advertise themselves at all. Estimating the senior associate and analyst/associate numbers is difficult because the turnover at these positions is rapid (two to four years). Our educated guess is shown above. Targeting the Firm You Want The most prominent and traditional venture firms are located in the San Francisco area and Boston. New York tends to have later stage, lower technology firms with more capital deployed per transaction, and, as a venture capital city, follows closely behind the top two. Don’t overlook the less prominent, less competitive geographic areas with high entrepreneurial growth like Sacramento, North Carolina, New Jersey, Vault Career Guide to Venture Capital The Hiring Process Visit the Vault Finance Career Channel at —with insider firm profiles, message boards, the Vault Finance Job Board and more. 39 C A R E E R L I B R A R Y
Utah, Colorado, Washington State, Atlanta, and Virginia. The growth of these venture capital communities is not far behind the rise of the entrepreneurs, and you can get in on the ground floor. Other reasons to check these locations out include: It might be easier to get a job. The day-to-day job is the same or better (because you’ll end up having more responsibility). Quality of life will be better because of lower pressure, fewer constraints on behavior and lower cost of living. Don’t just target the high-prestige, private funds. Look at university funds, SBICs and venture divisions of corporations. If your ultimate goal is to work for the better known firms, your best bet might be to pursue the lower profile firms, prove yourself for a few years, and then make the move to the big leagues. On the other hand, working at the most prestigious firms gives you: More job opportunities down the road. Higher name recognition. A better platform from which to meet people in the industries you follow.

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