VC comp at top funds
What is post pre-MBA top tech IB -> top VC comp at funds like IVP/Sequoia/Bessemer? How does comp compare to GE and MM/MF PE ?
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VC comp is far lower than what one would get in PE. PE also comes with a more diverse set of exit opps. Much easier to do PE -> VC than the other way around. Don't recommend joining VC unless you're joining as a Partner.
Why did this get MS? This is 100% right.
I've heard something similar. Not sure why the MS either.
Can confirm. No MS needed here. VC Comp even at top firms is ~MM PE comp
Bump
VC comp is mostly RSUs in the Uber for Pool Supplies, as well as clout from passive mentions in partners Medium blogs.
Thanks for the jargon. This was such bad trolling even I'm annoyed.
350k-400k base + carry as a GP at top firms generally speaking.
I'm guessing the other response got MS because there's a bit of a PE>>>>>>VC circlejerk on WSO. When it comes to top firms, the base salary at the partner level are more or less similar. The VC funds that perform at the tippy top level have ~40% IRR by the time they're winding down so comp from carry doesn't suffer much either compared to well-performing PE funds.
That said, VC comp industry-wide is generally lower than PE since there are a lot of crummy VC funds out there, and it's true that juniors in VC are paid less than their counterparts in PE.
I personally don't think people should subscribe to entering a field for prestige or marginally higher pay. Just go into the field you're passionate about, get good at what you enjoy doing, and the money will follow.
thanks for the response! And what is the ballpark compensation for VC associates (after 2 year IB stint). I know this varies greatly depending on the firm but I’m also curious as to whether associates can get carry at junior levels (particularly at top funds like IVP/Sequoia).
Like you said, it all varies. Carry at top firms is generally reserved for principals and up. And even then, principals don't get much (maybe up to 2% in a fund).
Salary at the associate level also varies wildly depending on the firm (100k-250k). Associates at Sequoia pull 200k+ in salary I believe.
Yeah this is a good point. I also think that your comp on either path will be a function of the skill and passion you have for that area. If you’re interested in VC you’d probably earn more, have better investments, better carry, than you would if you go to PE with little-to-no true interest in it
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