Probably one of the most mind-numbing jobs for a junior VC must be creating these frikkin’ market maps and thesis visualizations.
Imagine churning for days/weeks on a landscape doc, only for it to be obsolete in a few weeks/months with how AI is evolving.
And who do these docs eventually serve? Can’t think of them creating any real value for seed founders. Perhaps LPs?
These market maps remind me of the “market slide” that all consulting/IBs have in their deck. Hardly any customer cares about them much. They end up becoming junk collateral that some analyst/associate toiled hard to put together.
Btw this reminds me of when I was a junior VC. I had to ghost-write articles for the Partner and in the end, not even get credited for it. Even as a 27-year-old, I found it extremely discomforting that having joined the VC industry to invest in and support founders, I was spending inordinate time helping the GPs market themselves.
My (subconscious) revenge for the ghostwriting days? After a decade, have now turned blogger & podcaster with my own brand (An Operator’s Blog – blog + podcast) + investing in founders with my own world-view & conviction (my Fund Operators Studio), not begging GPs to “get a deal through”.
Market Maps & Junior VC Life
The enigma of junior VCs toiling-away to create market maps.