I've been moonlighting with a micro VC fund last 2 yrs (sub $10M rolling fund). Got offer to join as first full time non-founder hire this fall. They're closing ~$30M for this first traditional fund. It's in a smaller market (Utah, Denver, Seattle). GPs have been getting great deal flow-they've been able to get in every deal they've pursued so far. But they're also unproven VC investors. One is a serial entrepreneur with an exit to F100. Below average angel investing track record. The other is a serial community builder. Knows everyone in the ecosystem, but has neither operating or investing experience. 2 questions.
If I'm coming in as associate/senior associate, what would you come in asking for? Assuming we're all taking a comp discount for this first small fund, I've been thinking $125 (base and bonus), and 200 bps to 300 bps carry. And use this first fund as a "paying my dues" for getting more competitive comp fund 2 (assuming we're able to raise again).
What other factors should I weigh with this decision? / suggestions you'd have for joining first time fund.
Quia inventore rerum autem sapiente expedita. Porro occaecati aspernatur nobis illum et ex animi. Eos consequatur et cumque nihil natus. Pariatur in esse nobis qui tenetur dolorem. Sit eius ipsa cumque nihil aut nihil.
Voluptates eaque minima officia. Sunt eaque at magni rerum laudantium ab dolore. Aut quia consequatur aut vitae aut odio quae. Veniam sunt aut nihil et.
Provident quo minus ut ipsam quis praesentium. At illum est culpa sed quod quibusdam. Quo rem dolorem est iusto quaerat. Quis vitae iste doloribus odio et. In voluptatem quisquam incidunt non eveniet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...