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Venture Capital

Comparing fund models: VC vs. CVC

Using data from J. Thelander Consulting, we compare the typical venture capital fund model to a couple of the common CVC models seen today.

Corporate venture capital has significantly grown and matured over the last decade. Part of this can been seen in 2016’s investment stats: 745 US venture deals with CVC participation totaled $20.1 billion, nearly double the deal value of 2013. It can also be seen in the teams and investing sophistication that many of these corporate venture programs have put together. One of the major factors enabling this boom in activity has been the development of more ‘best practices’ for CVCs. Chief among these are a couple of common compensation structures that align incentives and attract top investing talent. Jody Thelander, president and CEO of J. Thelander Consulting, says “CVC compensation is becoming increasingly more competitive.”

Below is a table that compares the typical venture capital fund model to a couple of the common CVC models we see today. The findings and data below comes from over 300 CVC firms via an annual CVC Salary Increase & Bonus survey conducted by J. Thelander Consulting that PitchBook and Global Corporate Venturing partner.

CLICK HERE to participate in the Thelander 2017 CVC Salary Increase & Bonus Survey. All participants will receive access to the complete survey report for NO CHARGE.

If you’re interested in more content related to VC, PE and startup compensation, click here to see additional articles we’ve published in collaboration with J. Thelander Consulting.

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    Written by Adley Bowden

    Adley is the VP of market analysis at PitchBook. He wears many hats around here, so on any given day, you may see him working on Product, developing strategic partnerships, working on brand messaging, editing our reports, analyzing our marketing metrics, talking with the media, or writing blog posts. His core responsibilities are centered on building and growing PitchBook through engaging content, compelling campaigns, and the support of internal and external clients. He first joined PitchBook back in 2008, fresh out of college, as a Research Associate. Since then, he has held a number of roles.

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