Canada Venture Capital

I noticed that there isn't a lot of information on the VC sector in Canada on this site or anywhere. I first wanted to post here to ask if anyone has any idea on VC compensation in Toronto since I am going to be pursuing an MBA in Toronto next year and I want to stay in the VC field once I graduate. If anyone has any useful information on the VC market in Canada (top firms, culture, compensation, recruiting, etc.), it would be great, especially if you worked/work in that space.

I would appreciate any help, there is little information on the subject out there so your input on this would be extremely valuable.

Region

Comments (9)

 
Nov 26, 2020 - 1:45pm

I don't know specifics about VC, but I do know that PE comp in Canada is much much lower than comp in the US (like 25% cut before even doing USD/CAD conversion). I assume the comp is even lower in VC. At the end of the day if you really love VC then it doesn't matter, but if you're chasing money VC in Canada probably isn't your best bet.

 
Nov 30, 2020 - 3:30pm

I don't know the exact figures, but at the higher level like the pension funds (OMERS/CPP/OTPP/etc) you are likely to be doing pretty well. For the VC/Growth Equity side there are really only a few players like Portag3 and CBGF and my understanding is they have pretty solid comp too.

Buyside pays less than Sellside in Toronto in general, but you are realistically being paid in having more time to yourself.

 
  • Analyst 3+ in IB - Ind
Dec 1, 2020 - 8:56am

I don't know how true this is. I have a good amount of friends who are associates + in Toronto within IB and they're chilling. I think that comes from the fact that products across the Big 5 are pretty homogenous.  Service offerings in the US can be more differentiated especially with more speciality advisors so competition creates more pressure at the senior level. Have you talked to guys at say, Greenhill/Evercore/Scotia in Toronto? They're not breaking their backs nearly as hard as guys at HL/Guggenheim in NYC at VP

I wouldn't necessarily say buy-side at a pension in VC/PE is any less or more time consuming at a more senior level. I think it just comes down to what you enjoy doing more. If you hate the salesy, client-grubbing nature of IB work, then maybe you want to go buy-side. Similarly, you might dread IC-politics or the long-term aspect of PortCo management, and the thrill of finance comes to you in the form of getting deals consummated - IB is just better then

 
  • Associate 1 in PE - LBOs
Dec 1, 2020 - 10:16am

I was under the assumption that the Greenhill guys are getting crushed per the chatter I've heard amongst banking friends not at Greenhill. Is this not the case? I've never asked or heard from anyone at Greenhill directly. 

 
Dec 11, 2020 - 9:41pm

You probably start as an Senior Analyst with maybe 70-80K base and 100-110K all in or Associate (if you have very relevant experience) at slightly higher. VC firms comp vary from person to person even with the same title. Above numbers for Montreal, probably higher for Toronto. 

 

Source: Interned at VC firm

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