Lucia Polverino.
- Lucia Polverino landed a coveted role as a venture capital analyst in London in her early 20s.
- She said her experiences in PR and product management were instrumental in this transition.
- Polverino shared tips for Gen Zs to break into VC, using their existing skillsets.
This as-told-to essay is based on a transcribed conversation with Lucia Polverino, a 24-year-old analyst at a venture capital firm based in London. Business Insider has verified her employment. The following has been edited for length and clarity.
I was always passionate about getting into the workplace as quickly as possible after university. After graduating, I dabbled in a career in public relations and product management before landing my role as a venture capital analyst — but my varied experiences helped me get to this point.
My first office job was a placement in my first year at university, where I studied for a degree in business administration. I worked at Piper Sandler, an American investment bank. I spent six months in their healthcare M&A division. It was a really good first formative experience, but it was challenging.
My next placement was in my third year of university. I worked at KKR in their private credit team. But because this happened during the COVID-19 pandemic, I had to be proactive as we weren't in the office, and try to get my colleagues to give me more work to do. It was a really valuable experience.
After graduating, I was adamant I wanted to try something less corporate. My first job out of university was at a tech PR firm. I've always been interested in entrepreneurship, media, and communications. It was a 15-person team when I joined, which made for a startup-like environment — very entrepreneurial and dynamic. I worked with eight clients across AI, cyber security, e-commerce, and business-to-business sectors. That was an inflection point because it diverted my career toward the tech world.
I loved working with tech companies and startups, so after nine months, I decided to go in-house and work at a tech company. As a recent graduate, I was still eligible for roles targeted toward recent university graduates which provide a structured career path into a particular sector. I loved the sound of product management. You can work with a bunch of different teams, such as engineering, marketing, and UX; this was similar to the way I worked in PR with different clients. I was lucky enough to secure a grad job in the product team at ICIS, which is a data team within LexisNexis, a software company.
My job in product management was instrumental in leading me to venture capital. I understood the key levers in a tech company that influence its growth. I've always liked wearing different hats, and these threads led me to join Playfair, a generalist VC fund.
I was so surprised at how relevant my PR experience was
I was so surprised at how relevant my PR experience was because so much of VC is investor relations. It's really important to form friendships with investors, not just transactional relationships. Equally, because I was working with tech companies in my PR role, it was easy to verbalize and justify why I loved tech companies and working with startups in my interview. It's really important for young people in interviews to bring in their past experiences and talk about how it will help them be good candidates.
For young people who want to apply to VC, it's really important to figure out the kind of fund you want to apply for. If your background is generalist and diverse, that kind of VC fund would likely suit you. But if you started your career with a technical background, you'd perhaps be suited to a deep tech fund. You should understand where you will add the most value.
Being a pandemic graduate also made me less worried about finding a linear career path and sticking to it for five years. During the pandemic, I thought, who knows what will happen in six months? Nothing was certain — it seemed like the pandemic would never end. This impacted my mindset, and I was more willing to take risks and figure out what I actually liked. I think it's also more of a Gen Z trend because we are more likely to job-hop than previous generations.
You don't need a background in investment banking to get into VC anymore
It may have been true in the past that you need an investment banking background to get into VC, but that's not the case anymore. I've met more people that don't come from banking than do. In my case, at a pre-seed fund, making a financial model from scratch would be less useful a skill to have.
VC is such a broad industry — and your experience will be shaped by what stage your fund invests in. The hiring managers usually like young people who have had startup experience, such as being an operator. I've also met so many people who come from software engineering and technical backgrounds and work at deep tech funds. I've also met a lot of people coming from NGO and charity backgrounds. This ultimately speaks to the sector you may want to specialize in once you get into VC.
You could also show you have an entrepreneurial mindset to some degree. My hiring managers loved that I had a fashion blog when I was at university and that I would reach out to brands to partner with for my videos. It's really important to show that you love entrepreneurship and working with founders.
Try to leverage recruiters if you can. At Playfair, we have a very transparent hiring process, and the fund markets the position as much as possible — but that's not the same for all VC funds. I found my job through a recruiter called JumpStart, and it's a very helpful avenue for younger grads.