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💡 Summary :
In this episode of Understanding VC, host Rahul engages in a comprehensive discussion with Arun Pai, Principal at Monk's Hill Ventures, on how to break into venture capital. Arun shares his personal journey from engineering to investment banking and finally into VC, providing deep insights into the interview process and the mindset needed to succeed. They also explore the industry's prestige, challenges, and the importance of persistence and relationship-building. Sponsored by Digital Prism, this episode is packed with practical advice and reflections on the path to a successful career in venture capital.
00:00 Introduction
01:28 The Prestige and Challenges of VC
03:28 Arun Pai's Journey into Venture Capital
04:08 Breaking into Investment Banking
06:17 Transitioning from Banking to Startups
07:57 Joining Monk's Hill Ventures
09:04 Advice for Aspiring VCs
11:59 The Fluidity of the VC Industry
12:29 Who Should Become a VC?
15:19 Skills and Specialization in VC
22:58 Building Relationships and Reputation
27:19 Transitioning to Quantitative Roles
27:34 Understanding VC Roles and Value
28:27 Challenges in Breaking into Investment Teams
29:39 Building a 360-Degree Skill Set
30:13 Personal Journey into VC
33:23 VC Interview Process
35:13 Importance of Partner Buy-In
36:47 Why Do You Want to Become a VC?
39:10 Monk's Hill Philosophy
41:48 Due Diligence in VC Hiring
42:22 The Excitement of Being a VC
43:42 Challenges in High Conviction Investing
47:20 The Importance of Networking and Luck
48:37 Burnout and Specialization in VC
51:16 Balancing Experience and Staying Updated
52:53 Conclusion and Final Thoughts
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🔗 Connect with Arun:
🤝 LinkedIn : https://www.linkedin.com/in/pai-arun/
📍 About Arun:
Arun is a Principal at Monk’s Hill Ventures, based in Singapore and responsible for deal sourcing, due diligence and investment analysis and research. Arun brings over 15 years of experience in Finance and Tech start-ups.
Prior to joining MHV, Arun spent the last 6 years in the startup ecosystem as a C-level executive. He was the Chief Sales & Strategy Officer at Flow, where he managed growth and capital raising initiatives for the company leading to its acquisition. Prior to that, he was the Chief Kristals Officer, one of the first employees at Kristal.AI. He started his career and spent just under a decade in investment banking at Lehman Brothers and, subsequently, at Nomura across New York, Hong Kong & Singapore.
Arun graduated magna cum laude with a Bachelor of Science degree in Electrical Engineering from Georgia Institute of Technology.
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💌 Connect with Rahul:
🤝🏻 LinkedIn : https://www.linkedin.com/in/rahulthayyalamkandy/
📩 Email : understandingvc@gmail.com
🐣 Twitter : https://twitter.com/rahul0720
📍 About:
Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.
