Waddle Street
Programs
  • All programs
  • Insight programs
  • What changed
  • Competitions
Networking
  • Contacts
  • Find people
  • Write a note
Prep
  • Learn
  • Drills
  • My answers
  • Markets
  • Resume review
  • Resources
Industries
  • Overview
  • Find your fit
  • Guides
Waddle Street
LearnDrillsMy answersMarketsResume reviewResources
Prep/Venture Capital

Venture Capital

516
questions
Start the Why venture set

New to this? Read the lessons first. 6 tracks, in the order to learn them.

Open Learn

Drill sets8 sets

  • All topics516 questionsMixedEvery topic in one set, shuffled, the way a real interview jumps from your story to a DCF to a market question.Sign in to save scoresStart this set
  • Behavioral92 questionsWhy ventureWhy VC, why this fund, how you would source, and what you bring founders.Sign in to save scoresStart this set
  • Technicals70 questionsEvaluating a startupTeam, product, market, traction, and the one risk that decides the deal.Sign in to save scoresStart this set
  • Markets66 questionsMarkets and thesesSize a market bottom up, find why now, and argue where value accrues.Sign in to save scoresStart this set
  • Modeling65 questionsUnit economicsCAC, LTV, payback, burn, retention, and the metrics behind a SaaS or marketplace.Sign in to save scoresStart this set
  • Modeling79 questionsTerm sheets and roundsPre and post money, dilution, option pools, liquidation preferences, and SAFEs.Sign in to save scoresStart this set
  • Technicals71 questionsFund and portfolioPower law, ownership, reserves, fund returns math, and how a fund actually works.Sign in to save scoresStart this set
  • Markets73 questionsPitch a startupPitch a company in two minutes and defend it against a partner's questions.Sign in to save scoresStart this set

More ways to practice

  • Cases10 cases played step by step, with exhibits, the math, and a model answer. The first is free.→
  • Speed drills1 timed math drills, new problems every run.→
  • Voice mockAn interviewer asks out loud and you answer out loud.→
  • Timed interviewsA first round and a superday on the clock, scored at the end.→
  • Modeling testsBuild the model in a sheet against the clock.→
  • Terms54 Venture Capital terms, each with a worked example.→
  • Company sets13 firms, how each one interviews and what it asks.→

How the interview runs4 stages

  1. 1ApplicationResume, often a short written prompt (a company you would invest in, a market you are excited about). Many seats are filled through people the team already knows, so networking is most of the application.
  2. 2First roundAn associate or principal. Why venture, a startup you like and why, how you would source deals, and questions about a sector you claim to know.
  3. 3Partner rounds and caseMeetings with partners, often a take home: write an investment memo on a startup or map a market and pick the company you would back. Expect pushback on market size and the team.
  4. 4OfferSmall classes and irregular timing. Some firms decide in days, others after weeks of informal coffees.

What gets askedShare by topic

  • Startup and deal judgment35%
  • Markets and theses25%
Read next7 outside sources
  • Breaking into Venture Capital out of Undergrad??An honest discussion of how rare undergrad VC hires are and which routes make it possible.WSO
  • A week in the life of a VC intern/VC Intern Q&AAn undergrad VC intern describes deal flow review, cap table work, and takes questions.WSO
  • Q&A: 1st year VC analyst (~750M AUM)A first year analyst breaks down how time splits between diligence, pitch decks, and portfolio work.WSO
  • How do people actually break into the vc world?A 2026 thread on the real entry paths into VC from consulting, startups, and finance.Reddit
Fit, sourcing, and networking
25%
  • Unit economics and terms15%
  • Mergers & Inquisitions: venture capitalMergers & Inquisitions
    Why VC rarely hires undergrads and what the few programs that do want.
    Site
    Free
  • Venture Capital and the Finance of InnovationMetrick and Yasuda, WileyThe math of a fund, term sheets, and exits. Read it before an analyst interview.BookPaid
  • Wall Street Oasis forumsWall Street OasisWhich funds run analyst or fellowship programs and how they sourced last year.ForumFree