USV is a revolving door when it comes to our analyst program. We hire the smartest young people we can find (Jennifer and Jacqueline are our newest hires) and ask them to spend two years with us learning the VC business and helping us make and manage our investments. Then we ask them to move on to bigger and better things. It’s a great deal for both parties. We get really smart people early in their career on a steep learning curve throwing themselves at our business. And they get to learn from partners who collectively have been doing VC for something approaching 100 years.
But when an analyst walks out the door on their last day, I always ask myself privately “what the hell are we thinking.” That’s how it was yesterday with Jonathan who is leaving to be the first product manager at our portfolio company Figure1. It’s a perfect match for Figure1 and Jonathan. In fact, when he interviewed for the analyst job, Jonathan suggested we invest in Figure1, not knowing that we already had or were about to. That’s how we knew he’d be great at the job. And he was. Although, as he wrote in this fantastic post, the job was not always easy on him and it took time to learn the things you need to learn to be successful at USV.
Even though I ask myself what we are thinking letting these amazing people go through the revolving door, I remain convinced that it is the best thing for them and for USV. The USV analyst program alumni group is an incredibly impressive group of people who have gone on to do substantial things. Things they maybe would not have done if they had stayed at USV. And I remind myself that leaving my first VC job was the beginning of my evolution into who I am today.
So while I remain convinced that it is the right thing to have a revolving door at USV, I am going to miss Jonathan, as I miss Charlie, Andrew, Eric, Christina, Brian, Zander (and Gary and Brittany too).