VC Salary
Am I underpaid? I have been in VC ecosystem since 1 year and have a salary of 40 k per month. This is my first job. I am from an average college.
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Have you upskilled yourself in any way? Ideally in the VC roadmap, the intriguing investment thesis you come up with + the more facetime you have with LPs, that can accelerate your growth
I don’t have facetime with LPs, I am an investment analyst taking care of dealflow & building out thesis.
I have gotten a few nice deals to the table, my partner liked them too. But none of them have reached an IC stage yet.
I have build a decent network too. But how can I upskill myself, I still find it hard to grasp various business models.
You can look into CapitalX or AngelX by Inc42, amongst other VC programs. It's pricey but if your company can pay for it, it's a great way to upskill while joining a VC community. Also try to build a robust investment thesis. It'll require intensive market research but you can potentially identify trends, to then funnel investments.
VC skills are not transferable. Also most successful senior partners have actual business background. My advice would be get into an operating role into a startup and then transition back to a VC role in a few years. You will feel more confident and avoid being a generic BS peddling VC stereotype.
Kind of disagree. Financial modelling and startup validation + valuation can easily be transferrable. Most VCs get some exp and start their own fund as micro VCs. A VC can also transition into an entrepreneur/founder role since they are one of the closest personas to startups and identifying potential problem statements.
Startup valuation is not a skill
What kind of a fund is it? Must be smaller AUM I think the pay is definitely low by VC standards, but did have a friend in a similar zone. In their case, they really enjoyed the work, and ended up getting a good Indian MBA post that
If you like the work, you can learn for now. Agree with some of the advice here about being an operator. That's a very good path before VC
Plsss help. What should I do
Interview at other funds. Speak to peers who have followed a similar career trajectory. See what skills helped them move up the ladder.
40k is a pretty low salary if you are actually doing something meaningful. Also, try to figure if this is actually something you want to do.
@Cafeinatedpragmatist I really like the job, I love interacting and networking within the eco-system.
I just think my business evaluation skills are really weak. I am not able to grasp them as quickly as other analysts do. I wanna do this long term but I feel I am not as smart as the other analysts.
It's pretty low, but most mciro-VCs in India are exploitative. In the disguise of giving "VC exposure" they pay less across funds. Imo working at startups give you more confidence, work at this fund, milk out how VC works and all things you can learn then take operator role in startup, because VC in general is a pedigree game. You have a chance only if you're from a tier 1college/have been an ex-founder yourself so you understand the tech behind the product, everything else is pretty much bs and partners make the investment call mostly on gut feeling (which I still think if leadership is good is sth you can learn) but don't waste much time unless you want to go to a b-school next. Imo, ask for a hike, 50-70k is usually the range in microVCs.
Massively underpaid
1l per month just saw someone from a micro vc
this is extremely low even by micro fund standards.
40k per month is extremely low for a fund with $25M AUM