Looking for a Scrappy Martian With Grey Hair

spaceman-mars-Mike-LorelliWhere are grey hairs valued in the employment world?

Private equity.

In private equity experience is treasured. They are looking for fit/chemistry and experience in a comparable growth stage. Industry experience helps, but good skills are more important. They want people with experience in a resource-constrained environment, a strong understanding of cash flow, best practices knowledge from a large company, and functional experience in the company’s leverage points.

They want people like in the recent Matt Damon movie The Martian: scrappy and can create fast value with scant resources.

Age, gender and race are all trumped by skills in this fast-paced arena. In a recent Master Class on private equity, Mike Lorelli said, “Male, female, white, purple, black… doesn’t matter. We just want the job done. We just want the perfect candidate. This is one of the few places on earth that grey hairs are not a disadvantage; in fact it’s an advantage. We’re not buying you for 30 years. We’re going to turn this company in 6,7,8 years. I don’t care if you’re 60 years old. We’d rather have battle-tested.”

To hear Mike talk about these issues listen to this excerpt from his Master Class, Landing a Position in Private Equity.

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William Flamme

William Flamme

William Flamme is ExecuNet's Marketing Content Manager, where he is responsible for developing engaging career, job search, and leadership insight and delivering executive-level content across the various properties under the ExecuNet brand. Prior to joining ExecuNet in 2008, Will earned a master's degree in education and taught fifth grade and sixth grade. As a teacher, he deepened his appreciation for the written word and mastered skills necessary for managing writers who sometimes view deadlines as homework.

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