Top answer:
Read this: https://govclab.com/2021/10/28/venture-capital-roles/
And this: https://govclab.com/2023/08/02/venture-capital-roles-2/
And finally, this: https://govclab.com/2022/03/10/venture-share/
The comp is close to 0 for a $5m fund ...
Read this: https://govclab.com/2021/10/28/venture-capital-roles/
And this: https://govclab.com/2023/08/02/venture-capital-roles-2/
And finally, this: https://govclab.com/2022/03/10/venture-share/
The comp is close to 0 for a $5m fund and most new managers will not be able to afford to have many support roles on salary, if any. You will have $1m for 10 years to run your business. That $100k/year will need to pay for a variety of things, besides your salary.
