Having investment experience is not a requirement to start a role as a VC scout.
So for example you don't need to have a history of investing your or other people's money in startups. It is also not necessary to have invested in other types of asset classes like public company stocks, cryptocurrencies, property, etc. In fact there is no requirement on personal wealth.
On the other hand, one key criteria that is much more important to have than investment experience is to have a good feeling for what makes for a good startup as well as a network of quality startups, usually at an early stage, to refer to investors.
Both types of scouts have as their main goal to source new startup deals to invest in. lInternal VC scouts are usually part-time or full-time employed as an intern, researcher, associate, or junior partner. External scouts are not officially employed by the investor and are usually compensated on a deal-by-deal basis.Read full answer »
Venture scouts are resourceful connectors that may assist venture capital firms in discovering hidden, exceptional startups and founders to invest in ahead of the competition.Read full answer »
While both documents may contain similar elements, it's the angle from which each is written that makes the difference.Read full answer »
Yes, you can. In fact, unless you're independently wealth, you should work while being a scout to sustain a living.Read full answer »
Broadly speaking, the answer is no. You do not have to be an accredited investor to be a startup scout.Read full answer »
As a VC scout, you can expect to have a different compensation or salary based on the firm you work with. Options include cash on deal completion, cash for relevant intros, startup equity proportional to the investment, and your own micro-fund.Read full answer »
Join the free Superscout community!
🌍 Meet other scouts globally.
👀 Get first dibs on new scout programs and VC openings.
✨ Get feedback and investor recommendations for your deal memos.
✌️ Learn and grow together as a community!