per Sushi request, The discussion about IB and VC

funnytiger

ok, am I too confident about my knowledge? or just I have not seen things that is so obvious?

well, as long as it worth a discussion, and someone is going to benifit from it, I am all for it.

So what in the world is wrong, when I said "IB job is the top tier of finance career(I count VC in that)" ?


I know my Chinese is much better than English, isn't it?

funnytiger

sushi, it is never a debate at my side. (oops, does that count as a debate?)

IB industry has two-year delay comparing to other private sectors. that is, the worst of this down-turn had just started. I kept hearing about layoffs from my NYC friends. some second or third tier IB people at St. Louis and San Francisco are getting pink slip. luckily I am working for them but not one of them.

I don't like IB at all. two words to conclude it all - "no life". For people out there who want to join the party, watch out and remember "what you get is what you paid for"

MC is a better choice for me IF it is avaliable

funnytiger

Sushi, 不打不相识啊， 哈哈

ST. Louis actually have many IB offices, that surprises me too. but well, nothing really going on in the mid point of the america, ... except for baseball. I happen to know this , because one of my elder mentor told me that he has to fly to st louis for the road show with local IBs. Considering the size of his company, I can safely say that there must be some serious IBers up there.

hey, good to know that you are doing VC in China. actually I am helping my friend here to arrange finance for his startup. The project is promising, considering that one of the top VC has sit his butt on the advisory board. write to me at funnytiger@softhome.net if you have time, thanks

funnytiger

well, it is a california based company in terms of this startup. And it is in Hi-tech industry that focusing on VOD and VOIP. It is a hot topic, I have no doubt, he can raise enough money even under current situation. But hehe, I am trying to convince him to raise part of the money in China, so that to reduce the tie to VC in US. you know, VCs in US are quite demanding while VCs in China are just started, they usually won't put their fingers all over the map.

by the way, the VC on board is pretty big (but not as big as sierra club, etc) and focus mostly in silicon valley where we live.

AND... more channels will help..