What Determines the Size of a VC’s Carry Pool?

Carried Interest: How Much You Put In = How Much You Get Out Let’s level-set before we begin: Carried interest percentages for individual investment professionals are calculated as a share of the total GP carry pool. The pool is what determines how much carry each individual receives. The pool is traditionally an 80/20 split, where […]

How Much to Compensate Independent Board Members at Startups

One of the questions we get asked on a weekly basis is 1. Does Thelander have comp data for non-investor / independent board members? and 2. How much do they make? Since we ran an exclusive analysis for Halle Tecco’s latest post on “What Independent Board Members Do (And How They’re Compensated”, we wanted to share the […]

Where Talent is Moving Across VC & PE

According to the Q2 PitchBook-NVCA Venture Monitor, “LP dollars are still flowing, but they are reaching a smaller set of large established managers rather than the broader market.” On the other hand, venture dollars continued to flow “unevenly” and megadeals made up 87.5% of the $412.7 billion deployed.  So, how does this translate to talent and […]

Long Term Incentives at CVC Units

In this month’s CVC Digest, we are revisiting one of our most popular newsletters to see how the data has changed. The Three Year Shift in Long Term Incentives Over the past three years:  Does incentive structure impact median total cash for CVC Unit Leaders?  What additional incentives are used also impacts how much cash an […]

What Private Companies Pay Engineers: Engineering Pay in 4 Charts

In the first half of this year, we’ve covered AI/ML Pay Premiums & Salary Structures for Engineers, but this month we’re looking at how different types of engineers are paid at private companies… and how the compensation shifts as they move up the career ladder. We’re digging into six different job families – software, systems, electrical, mechanical, quality and […]

Marketing & Communications Roles at Investment Firms. How’s the Comp?

Dedicated in-house marketing teams at investment firms is still relatively rare, but that’s changing. Firms like Lightspeed are leading the shift, with their CMO describing the firm as “much more than capital providers. They’ve become media companies.” How common are dedicated Marketing & Communications roles across the broader investment firm ecosystem, and what does it take for […]

How Private Company Fundraising Has Changed in 5 Charts

Fundraising rounds at private companies are getting larger at every stage. In this month’s digest, we are digging into the correlation between the most recent series raised and the total amount of financing raised (as a dollar amount) to see how the market has shifted since 2024. That shift has meaningful implications for how companies […]

Investment Firm Compensation: Why AUM Alone Isn’t Enough

We just wrapped an investment firm consulting project where we looked at the firm’s compensation by both total AUM and size of most recent fund. We found the data to be interesting, so we’re sharing some of the analysis with you in this month’s digest. One of the most influential ways to customize investment firm compensation is […]

The State of Compensation for US Private Biotech Companies

According to PitchBook, “Biopharma companies’ willingness to go public appears to be making a tentative reversal after a long drought…The real drive behind this resurgence, according to investors, is the M&A market.” We looked at our YoY biotech compensation data and used a preview of data from our upcoming US Private Biotech Compensation Report to see […]