Concerns about their job security are almost evenly split among venture capitalists, between “somewhat concerned” at 40 percent and “not concerned” at 47 percent, according to the recently-released 2010 JobSearchDigest PEVC Compensation Report.
Those who were somewhat concerned mentioned fund raising concerns, the risk of being downsized, and the future of the VC industry overall as topping their list of worries. Many worried about their firm’s ability to raise the next fund and the lack of deal flow.
Those who were less concerned often noted that their firm had secured the next round of funding. Others mentioned that they were in the right market (often reported as Asia), could easily find a new job if necessary, or that they were a key to running a particular fund. Managing Partners take note: in good markets and bad, top talent knows they can make a move anytime.
The PEVC Compensation Report is based on a survey conducted in October and November 2009. The date comes from hundreds of private equity and venture capital partners and employees from firms, both large and small. The PEVC Compensation Report is a useful tool to help job seekers better manage their pay expectations and fund managers better establish compensation package benchmarks. You can find the full report at www.PrivateEquityCompensation.com
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