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Summit Partners Overview

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Boston, MA (US)
201 to 500 employees
1984
Company - Private
Venture Capital & Private Equity
$100 to $500 million (USD) per year
Unknown
Summit Partners was founded in 1984 with a commitment to find and partner with exceptional entrepreneurs and help them accelerate their growth and achieve dramatic results. Since then, Summit has become the investment partner of choice for many of the best growth companies in ... Read more

Summit Partners Reviews

4.2
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Peter Y. Chung
4 Ratings
  • Helpful (1)

    "Associate"

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    • Work/Life Balance
    • Culture & Values
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    • Comp & Benefits
    • Senior Management
    Current Employee - Associate
    Current Employee - Associate
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Summit Partners full-time

    Pros

    Incredible flexibility and responsibility from day 1 as an Associate. Have met 1-1 with CEOs of >$100m rev companies from the get go. Responsible for leading new idea generation
    Incredibly approachable senior management. Guys that run the firm are more interested in drinking bud light with their friends than they are comparing private jets -- a concerted effort from the most senior deal professionals to get to know the most junior employees
    The Associate role is the lifeblood of the firm. The most successful senior deal professionals were Associates and function as champions for the Associates now.
    Massive upside financially if you source a deal. Shared incentive program that makes Associates more collaborative and less competitive than reputation leads you to believe.
    Great combination of compensation and work-life balance. Unless you are on a live deal, you will have the time to exercise and get 7 hours of sleep during the week. Not a need to spend all Saturday or Sunday in the office.
    Exceptionally nice group of people to work with -- can count the number of jerks that I've worked with here on 1 or 2 fingers, they have not tended to last long. Uniquely humble culture from my experience in PE.
    Great reputation among the VC and PE communities -- Summit name opens an immense number of doors and the firm's investment track record is remarkably impressive when you get under the hood. Feel good investing both my time and personal capital in the business.

    Cons

    Below market cash compensation for a $3.5bn growth equity fund (at Associate level)
    Pace of deals / number of deals per Associate is lower than many comparable firms. Greater odds you go through 3-year tenure without closing a deal / with only 1 under your belt than at many comparable firms

    Advice to Management

    Continue the efforts to diversify the talent pool. Yes, way too many white males right now, but also probably too much restriction on only taking investment bankers into the Associate position. Seems to be shifting a bit, and think this potential shift should only be emphasized further.

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Summit Partners Interviews

Experience

Experience
75%
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25%

Getting an Interview

Getting an Interview
100%

Difficulty

3.8
Average

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  1. Helpful (5)  

    Associate Interview

    Anonymous Employee in Palo Alto, CA (US)
    Accepted Offer
    Positive Experience
    Difficult Interview

    Interview

    Typical interview process is several rounds. There are a couple initial phone screens with other associates or VP level people at the firm. If you make it past the phone screens, then you are typically invited for several in-person interviews with a range of individuals - associates, VPs, and principals/partners. If that goes well, then there is typically an additional day of in-person interviews with the managing partners before a decision is made.

    Typical interview questions include:
    - walk me thru your resume (keep response to less than 3 minutes)
    - what do you think would be a compelling investment opportunity for Summit and why?
    - walk me through a deal/transaction you have worked on (investment thesis, your role, valuation, outcome, etc.)
    - additional questions will be asked to gauge work ethic, cultural fit, ability and desire to cold call, sales skills

    Interview Questions

    • Toughest part of a typical interview is a mock cold call where the interviewer will give you the description of a company, and the interviewee is asked to pretend as if he/she is calling the company on behalf of Summit. The interviewee is supposed to introduce them self, introduce Summit, and then ask questions about the business to determine if it would be a fit for Summit's investment philosophy (growing, private, profitable, limited/no prior VC).   Answer Question
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Summit Partners Awards & Accolades

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