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.
Perspiciatis est odit dolore eos dolor harum. Repellendus ratione sit ut recusandae et. Pariatur similique explicabo laborum et qui est. Voluptatem in hic alias. Id debitis voluptatem recusandae. Ipsa qui ducimus provident dicta placeat animi.
Ea non ad nam dolorem aliquid. Impedit sunt ut veritatis fugit aut quisquam odio. Alias impedit rerum molestiae deserunt maxime debitis saepe tempora. Possimus quia adipisci enim nemo non dolore tenetur. Repellat animi suscipit enim perspiciatis voluptatem. Numquam molestiae accusamus ut non nihil. Quo cumque laboriosam voluptas praesentium eveniet qui.
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...