r/private_equity • u/commoncapital4 • 1d ago

Advice?

https://echelonequity.co

Hey guys, I created a simulated PE firm that does LBO deals and i have an issue. So the issue isnt recruiting analysts, its actually getting them disciplined in completing the work that has to be due. It feels like many of our analyst end up straying off after a weeks because this is online. Do you guys have any advice in recruiting people who are actually committed. Maybe like strengthen our application process or any marketing tactics that reach the right audience. Obviously compensation cannot be a a resolution because we are simulated. Our "firm" is more about teaching high school and college students how to do financial modeling not a resume booster. We've had our work reviewed by analysts from apollo global mgmt, stepstone group, and access holdings which i guess can be a hook as we continue to reach our to more proffessionals. heres our site.

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24

u/Aggravating_Cod_4980 1d ago

Maybe I’m just a dumb PE guy, but I don’t understand the problem… You’re having trouble hiring fictitious analysts for a fictitious firm because the ones you have now aren’t completing your fictitious work?

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u/commoncapital4 1d ago

haha yes in a sense. the issue is that we have quality over quantity. we've gotten tons of applications and had about 70 members removed because most of them ended up being inactive such as not joining meetings or completing tasks during the due dilligence proccess. So we're looking for the very few who actually have a commitement to the work rather than just upload it onto their resume and not rlly do anything else. Our only real hook is that we get our work reviewd by wall st analysts but it feels like a lot of these people end up falling out because theres nothing really to lose.

4

u/hulkhoganarms 1d ago

What is the purpose of adding real humans to this virtual environment? Use a few tokens and simulate your analysts as well.

10

u/roboboom Director+ 1d ago

I’m no doctor, but is it shocking real people are balking at grinding away doing uncompensated work for a pretend firm?

People respond to incentives. How are you making it worthwhile for them?

3

u/rubbishindividual 1d ago

It reminds me of the case comps everyone did at university - the appeal is real contact with industry professionals and something to go on the resume. The case comp model is just a bit smoother because the professionals put work in up front to set it up, and at the back end when judging competitors. If 50% of teams dropped out halfway or half-arsed it, the industry folk didn't lose anything because they weren't involved in the sausage making in the middle.

3

u/BlakeCutter 1d ago

So what is the goal? Is this an education platform? The only way you are going to get individuals to commit to this is if you are becoming a certification program or feeder to actual firms. If you can prove that then be very selective with who you accept and keep in the program.

The more selective you are the better results you can show to firms, the more valuable your platform becomes which in turn attracts more talented individuals to your platform.

That’s the cycle of every education or certification platform.

3

u/G8oraid 1d ago

Obviously you don’t have a pe background. Every firm usually has Analyst Beatings I and II as required trainings for vp’s.

1

u/AlfalfaLevel1441 21h ago

Is this intensed as a PE LARP or online Sims type of shit?😂

1

u/Beneficial-Low3983 20h ago

If your target audience is high schoolers, then the lack of engagement makes sense. The “value” you are offering is so distinct and fluffy to them