VC Partner Compensation - How Much To Ask For?
A friend of mine is being offered a Partner position at a tech-focused VC fund in Europe. For context, this would be their second fund and are looking to raise the equivalent of $75-85M for it. My friend has a mixed background, having come from theof 2 tech start ups he co-founded and as an advisor to other tech VCs in the past. This new VC fund has asked him to draft a compensation package for them to mull over.
What would be appropriate here? My initial thoughts (as someone not in the field) is to make base play relatively low and push more for variable pay based on performance. Something like $300K + Bonus + 10-15% Carry? Does that seem reasonable?