If you can’t do that, eventually, you’ll be fired or washed out. You are judged on how many unicorns you produce a year in VC. So yes, the later stage the firm, the less it’s like being a founder.īut you do have to deliver. These fees start to “stack” on top of each other to some extent, and thus, your salary can double (along with your gains). Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. You can also see from this why many VC firms now are raising new funds every 2 years (vs 3–4 years before). The average Venture Capital Associate salary in Chicago, IL is 104,452 as of December 27, 2022, but the salary range typically falls between 94,445 and 116,922. And if you are investing well, the carry should dwarf the cash over time. Note though, that at this size, the “buy-in” also can be large. There are enough fees here that the senior partners will make $1m+. In a $760m+ fund, that’s $15m+ a year in fees.
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