I think I am interested in going into a Venture Capital-centric
career.  There are a few things I'd like to know.  Specifically:

1) What exactly do Venture Captial firms do?
-there must be different kinds/focuses for each firm
-what do they do on a typical day?

2) Open positions
-typical levels/reporting structure with pay scale?
-What background/skills do they look for in a new hire candidate?

3) What are the major VC firms in NYC, Chicago and SF?

4) MBA
-Do I need to get an MBA to be hired by one of these good firms?
-What are the best MBA schools for VC?

THANK YOU