Releaf

Many people think being a VC is easy compared to being a founder. For some career VCs on fat salaries, maybe that’s true. But as a Founding Partner of a $40m fund, i do as many hours as I did as a founder. We also only have $750k a year to cover all costs- not just salaries but also the $150k+ a year it costs just to administer the fund in the UK. The stress is different to being a founder, instead of being worried about cash runway but being able to affect change every day, you worry about future returns & can only impact outcomes marginally, indirectly. And you still have to raise capital. As you raise larger or multiple funds, the fees get bigger and the dynamics change. But that’s also true of any startup which is successful. In short, yes it’s a very privileged job to work with so many amazing people/founders every day. But VCs come in all shapes and sizes. Don’t automatically assume that every VC is on $1m a year in salary and works 9-5. Very many I know, earn vastly less than that and work very long hours.