To continue or not? Advice?

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ric_n

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I am curious to see what people have to say about my situation. I was working for a hedge fund out in San Francisco as an analyst. Didn’t enjoy the actual work too much, but loved the networking opportunities. My end goal is to end up on the venture capital side, so they were paying my bills so I could network on the VC side.
So last year the fund goes through some restructing and I go to work for my dad’s tech startup and just go part time on the fund. The reason I went for the switch is that my dad and his partner have done 3 startup to IPO’s in the past 7 years so it would be good to get that experience, plus I am making 2x what the HF was paying; they also have a large network of VC’s. So the HF partners wanted me to go the CFA route, which I didn’t mind.
Fast forward a few months, the partners at the fund have ended up with a lot of fraud/law suits. Now that bridge is gone, I am not sure whether to continue level I or not. I don’t really have any other connections to any hedge funds. I know the VC world doesn’t value the CFA very much, and being on the tech. start up side with successful entreprenuers is a big leg up, plus not wasting 300+ hours studying for level I. At the same time I hate seeing something go to waste.
As of now my opinion is to not continue since I don’t want to end up on the HF side of the world. Any thoughts?
 
I wouldn’t bother with CFA if I were you, unless in addition to the 3 startups to IPO your dad and his partner had 5 startups to bankruptcy.
 
If you haven’t even taken level 1 yet, and really don’t want to pursue the charter as you say then it seems like a no brainer to me…don’t bother. No sunk costs there, other than a little bit of study time.
 
I definitely have a few years guaranteed salary. Plus unlimited flexibility as far as hours and projects go. Ironically enough I still spend the majority of my day on analysis.
 
was there a point to this or did you just want to share your resume?
 
Not at all. I apologize for the overbearing info, but I feel like it was necessary to give background in order to explain my train of thought. The whole point was to make sure I wasn’t just making excuses not to move forward, and that there really is no point in continuing on due to the circumstances.
 
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