| Topic Name: |
VC Compensation |
| Message Name: |
Agree with last post |
| Date Posted: |
08/10/2001 |
| In Reply To: |
Hi everyone,
I've been interviewing with a VC company (4 partners; $250Mil) for an associate position and they asked me about my salary history and expectations. I dodged that question last week, but they called and pressed again this week. They said they're a little behind in the recruitment process, that I'm their leading choice, but that they do need to know my salary history and expectations before they can make any decisions. Help! Any sage advice from anyone out there? How should I approach this and how much should I disclose? Also, what range can I expect for compensation from them? Thanks so much in advance! |
| Message: |
I agree with the last poster regarding 2 last paragraphs. Fundamentally, the first paragraph is more vital to you given that you are negotiating market value for an Associate position within a VC firm. Now that you have a sense of your market value, that is really the starting point from which you should be negotiating your package. After all, they are hiring, so they are already prepared to pay that amount in their budget. The only difficulty is if there is a extraordinary disparity between your current salary and the VC salary. Unusual circumstances withstanding, if you're making 15K now and then want to make 85K plus bonus or carry, then you probably aren't qualified anyway. That's unlikely given that they are considering you as a serious candidate.
IC
P.S.--I am renegotiating my contract now from analyst to the associate level .
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