![]() The higher profile partners primarily identify areas or specific businesses to invest in, approve deals (whether they be investments or exits), occasionally sit on the board of portfolio companies, and generally represent their VC firms. Principals are on a “partner track” that depends on the returns they can generate from the deals they make. Principals are also in charge of identifying investment opportunities for VC firms and negotiating terms for both acquisition and exit. They usually serve on the boards of portfolio companies and ensure that they operate without major hiccups. ![]() Although they do not make key decisions, associates may introduce promising companies to the firm's upper management. Time: 5 to 6 hours Skills you’ll build: Startup scouting, opportunity analysis, investment lifecycle, financial modeling, comparable company analysis, forecasting How to Become a Venture Capitalist Becoming a venture capitalist (VC) isn’t necessarily a linear career path and you don’t need a specific degree or certification. They also work with the companies in a firm’s portfolio. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. While a career in VC can be lucrative, it isn’t ‘easy money. Mid to high-level venture capitalists will make upwards of 175,000 on average, with reporting an average yearly salary of 353,321 for top-level venture capitalists. They tend to do more analytical work, analyzing business models, industry trends, and sectors. The average Venture Capitalist II salary in the United States is 294,905 as of May 25, 2023, but the range typically falls between 262,384 and 324,732. According to PayScale, the average annual salary for an associate venture capitalist is 92,228. These individuals usually come to VC firms with experience in either business consulting or finance, and sometimes, degrees in business. ![]()
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