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That Balderton datapoint is incorrect (assuming we’re talking about Associate pay). ‘Market’ base for Associate 1 at Tier 1 funds in London is £100-120k, with Balderton at the higher end of this. It is correct about the small bonus and carry. Most others pay ~100% bonus and several pay carry at Associate level that is worth high six figures for target fund returns (3x).

Source: I work at a Tier 1 VC in London and have friends at all other top funds so can speak for their comp.

 

Thanks for this. 

Trying to benchmark with MM PE London. 

What have VC uplifts, if any, been over the last 2 years or so? 

In terms of most recent fund size, Balderton is roughly in line with many UK MM PE houses so a useful benchmark (even if larger AUM). Basically, how has that £100 - 120k market benchmark evolved compared to 2 years ago? 

 

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