Hey all, I'm considering launching a VC and growth capital fund, and I need to put together a plan for salary and carry participation. I am taking CEO/CIO role. Do you monkeys have good salary and carry data for a small VC fund? I'm looking for salary surveys
Fund is targeting $100mn raise. Fund is being launched on an existing accelerator platform, so that I'm borrowing someone else's back office and brand. I'm required to do the capital raising myself. Fund is in Asia, which is notorious for lower pay and very limited carry participation.
The platform has 2 financial sponsors - an accelerator that I've been affiliated with, and a large VC fund. This likely means that I will have to share a lot of the economics with the sponsor. And because we're focused on early stage food-tech investments, it invariably is going to take a long time to see exits.
The financial sponsors have historically been stingy, and have paid their employees de minimis pay and effectively no carried interest. However they are willing to listen to proposals from me on what is 'market standard' for VC salaries, carry, and employee participation. I want to present the sponsors with data showing what is industry standard, and negotiating for them to match this.