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Ok, 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
by saberience 2y ago
Ok, 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.