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11 Things I've learned from running a micro VC in the last year

Hippoland

For all of these reasons, this is why microfund managers who are able to raise more money on subsequent funds end up doing so, because for the same amount of work and risk, you’d much rather be paid more in salary and in carried interest later. 4) You should love fundraising. And I think those are all awesome worthy causes.

Salary 48
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11 Things I've learned from running a micro VC in the last year

Hippoland

For all of these reasons, this is why microfund managers who are able to raise more money on subsequent funds end up doing so, because for the same amount of work and risk, you’d much rather be paid more in salary and in carried interest later. 4) You should love fundraising. And I think those are all awesome worthy causes.

Salary 48
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The Secret History of Silicon Valley 12: The Rise of “Risk Capital.

Steve Blank

But the biggest innovation was the “carried interest” (called the “carry”.) Aligning their interests with their limited investors and the entrepreneurs they were investing in. In a typical venture fund, the partners receive a 2% management fee. This is where the partners would make their money.