ETA Careers

Networking Into Operating and Investing Roles

The ETA world is small, and cold notes to funds and operators get ignored. The good news: almost everyone who funds or hires searchers is one alumni or prior-searcher hop away from you.

Find Your Warm Intros →

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Example - what you’ll see
in
Someone who works at your target company
🎓 Same university as you  ·  💼 Shared past employer
🔥 Strongest
in
A recruiter at your target company
🎓 Same university as you
🎓 Alumni

✍️ Ready-to-send intro“Hi - we both studied at [your school]. I’d love to hear about your path to a company you are targeting before I apply…”

… plus everyone else in your network who can put in a good word.

See who can refer you in - pick your target company:

Short answer: Operating and investing roles in the ETA world are filled through introductions, not job boards. Start with searchers one or two classes ahead of you, the investors on your classmates' cap tables, and CEOs of recently acquired companies. Lead with the school, fund, or search you actually share, and ask for a 15-minute call about their post-close hiring rather than for a job. One warm intro to a search-fund investor can put you in front of a dozen portfolio operating openings at once.

Why Your ETA Network Is the Hiring Market

The people who back searchers and the people who run acquired companies are the same few hundred names, and they mostly find their next operator or associate by asking each other. A job posting is rare because the roles get filled before they exist.

That works in your favor. Unlike a corporate ladder, this ecosystem is defined by who searched, who invested, and who closed a deal, and your MBA and search-fund alumni already sit inside it. Your job is to convert 'I know this world' into named people you can actually reach.

Who to Reach First

Rank your outreach by how close each person is to an open seat right now, not by how impressive their title is.

  • Searchers one or two classes ahead. They just filled the ops, finance, and BD roles you want, and they know which of their peers is hiring next.
  • Investors on your classmates' cap tables. A single search-fund investor sits on many boards, so one warm intro can surface operating and associate roles across a whole portfolio.
  • CEOs of recently acquired companies. A searcher-CEO six to twelve months post-close is the single likeliest person in the ecosystem to add a GM, controller, or number-two.
  • Your MBA ETA club officers. They keep the live list of who acquired, who is still searching, and who needs a hire, and an intro from them carries weight.

From an Alumni List to Named People

The hard part is not knowing you should talk to search-fund people. It is going from that idea to specific names at a specific fund or acquired company who will actually recognize you, and to a first line that leads with what you share instead of what you want.

This is the finding-and-ranking part FindWarmIntros does for you: point it at a fund, an operating company, or an investor, and it surfaces the real people there you share a school or past employer with, ranks them by how warm the connection is, and drafts an intro that opens with the shared thing. You still send it, but you skip the hour of LinkedIn detective work.

When you write, name the overlap in the first sentence, then make helping you cost 30 seconds: ask for one specific introduction or a short call about their post-close hiring, never a vague 'pick your brain.'

Frequently Asked Questions

Should I target operating or investing roles first?
Chase whichever your recent experience makes a searcher trust you with fastest. If you ran or worked inside an acquired company, operating roles convert quicker; if you sourced or diligenced deals, lead with fund and associate conversations. You can pursue both, but tailor the shared-context opener to each.
How do I network if I never completed a search?
Your MBA ETA coursework, club, and any diligence or internship still put you inside the community. Reach out to searchers a year ahead as a peer who understands LOIs, SBA deals, and CIMs, and offer to help with their sourcing before you ask for anything.
What should the first message actually say?
One sentence naming the school, fund, or search you share, one sentence on why you are reaching out to them specifically, and one concrete 30-second ask (a single intro or a 15-minute call). Skip your resume; skip the open-ended request to 'connect.'
Are ETA conferences worth attending for this?
Yes, but treat them as a way to warm up alumni intros, not to meet strangers. Line up two or three specific people beforehand through your MBA or searcher network, then use the event as the reason for the conversation you already arranged.

Keep going

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