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VC is a job like any other Generally speaking these people can retire any time they want. Not necessarily with the all the padding and status markers they'd p
by racional 2y ago
VC is a job like any other
Generally speaking these people can retire any time they want. Not necessarily with the all the padding and status markers they'd prefer to have. But the bottom line is -- by the time they hit partner level, they definitely have enough in the bank so that they no longer have to show up at the office --- and they certainly don't need to be be anybody's employee in order to physically sustain themselves.
So in the most fundamental sense -- it absolutely is not a "job like any other".
- saberience 2y agoOk, I'm guessing you've never worked for a VC company. Sure, IF you're a partner and IF you've been a partner for the duration of a fund (10 years) then you're probably "rich", supposing the fund was successful. However, most employees at VC companies are not partners, they are filled with associates, vps, support staff, receptionists, personal assistants, event planners, accountants, para-legals, lawyers, etc. None of whom are rich. In fact the average employee at Google or Netflix probably earns more than the non-partner people at a VC firm. You earn less in VC than you would do going to Netflix and being a Senior Software Engineer. The only exception is if you're very, very lucky and get a partner position at a successful fund (and last for the duration of an investing cycle - 10 years.
- racional 2y agoYou're railing against things I simply didn't say. Of course these vast majority of people at these companies are regular staff. But I was clearly referring to the folks at partner level, not the employees. It's right there, in plain English. And I certainly didn't say anything about being "rich" in SV terms.