Venture capital is known for being an opaque industry, so it’s no surprise most of us have no idea what the average VC earns in a year.
I got a closer look at the survey results of J. Thelander Consulting‘s annual venture firm compensation survey and, unsurprisingly, VCs make a lot of money.
Just how much? Well, of the 204 VCs surveyed (172 male and 32 female), the average general partner expects to make roughly $634,000 this year, including a bonus for 2017 performance.
The averages varied a bit depending on the size of the firm. VCs at firms with less than $250 million assets under management (AUM), for example, earn less than their counterparts at larger firms.