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What is the Role of Fund Advisors, When to Seek Them, and How to Determine the Right Fit and Remuneration?

What is the role of Advisors for a Fund? When do we start looking for Advisors and how do we identify the right fit and work out a remuneration (fixed vs variable). Thank you.

Top answer:

Most Advisors are venture partners, through some funds have a scientific advisory board. All of the VC Lab curriculum work around venture partners is essentially advisor work. They are compensated with a venture partner agreement.

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What are the salary ranges for experienced VC principals/partners in NYC/Bay Area, excluding fundraising?

What are typical salary ranges for experienced VC principals / partners (not participating in fundraising)? Location: NYC/Bay Area.

Top answer:

It really depends on many variables, but good experience is rare in the VC industry. *Principal*: $250K to $500K per year plus 0.5 to 5.0% carried interest. *Partner*: $500K to $2 MM per year plus 2.5 to 10+% carried interest. Salarie...

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