I think VCs are right to prefer to founders who take low salaries and lots of equity. But I think LPs should prefer the same for their VCs.
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Replying to @sama
I've noticed that, in general, the VCs that take the lowest salaries and invest the most back in their funds seem to do the best.
3 replies 36 retweets 122 likes -
Replying to @sama
VCs that take a $5 million a year salary--no matter how the fund performs--really don't want that to go away. So they don't like risky bets.
5 replies 30 retweets 107 likes -
Replying to @sama
If VCs believe in what they're doing, they should take a salary that pays their bills and invest the rest of their fees back in the fund.
11 replies 43 retweets 140 likes -
Replying to @sama
And we'll get longer-term investments in "non-consensus" companies that way as a bonus!
2 replies 11 retweets 39 likes -
Replying to @sama
So founders, when a VC says "you should take the lowest cash salary you can" say "I agree--are you doing the same?"
17 replies 174 retweets 402 likes
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