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Deedy Profile picture
@deedydas
Jun 27 • 4 tweets • 1 min read • Read on X
Venture Capital Compensation in the US

Many people kept telling me they don't know how VC comp works, so here it is, split by fund size, based on 2024 survey data, 500+ samples. Image
The reason the base (white) + bonus (yellow) doesn't add up to total (green) is because they're all medians, rounded.
To be very clear, the green large number is the total annual cash compensation and the carry percentage is received on a longer vest, usually 8 years, on 20%+ of the profit of the fund.

Often, firms externally call more employees partners but have internal leveling.
Here's a more detailed plot with ranges! Image

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More from @deedydas

Deedy Profile picture
Jun 29
This 67 page AI report on how 300 execs at software startups like Cursor, ElevenLabs, Sierra (revenue $10m-$1b+) use AI just dropped.

I read it all so you don't have to. Top 7 takeaways:

OpenAI is still the #1 model provider in the enterprise, but Claude is second.

1/10 Image
On AI spend.

Companies are spending more on data storage, processing and AI infra than inference and training (quite surprising to me)! Of course, AI talent is by far the most expensive line item.

2/10 Image
The most popular tools used to develop AI.

This is not a market map.

3/10 Image
Read 8 tweets
Deedy Profile picture
Jun 26
We just dropped our consumer AI report today, surveying 5000+ US adults on how they use AI in their daily lives.

I read all 25 pages so you don’t have to. Here are the top 10 learnings:

Nearly 30% of people dating and half of personal coding projects use AI!

1/10 Image
1.8B users use AI every month but only 3% pay today, spending $12B on it.

2/10
Students, professionals and higher income users use AI the most.

3/10 Image
Read 11 tweets
Deedy Profile picture
Jun 8
No one talks about the real reason driving the ~500k tech layoffs.

Section 174 in the 2017 tax cuts turned engineer salaries from an instant tax deduction into a 5yr write off, causing billions in tax bills.

It even incentivizes offshoring R&D, which has a 15yr write off!

1/4 Image
The numbers are staggering:
— Microsoft: Paid extra $4.8 BILLION in taxes, fired 16,000+ workers
— Meta: Cut 21,000 employees (25% of workforce) after "material" tax increases
— Amazon: 27,000 layoffs concentrated in R&D teams
— Google: 12,000 cuts despite record profits

2/4
A software company with $1M revenue and $1M in engineer salaries suddenly owed $189,000 in taxes on ZERO profit.

Small, low margin companies got crushed the worst.

3/4
Read 6 tweets
Deedy Profile picture
Jun 8
Karpathy today said Cursor for Slides needs to exist.. but it already does.

When asked to "Create a detailed data-driven slide deck based on Google's recent financial filings",

It created a stunning 6 page deck with graphs, diagrams IN Google theme!

It's called Genspark. Image
It thinks about the plan of each slide, and it does this unique thing where it generates graphics in Python (matplotlib) and then moves the assets into a landscape static HTML website that it compiles into a slide.

Pretty neat tactic. Image
It allows pointed edits on slide elements with "Select to edit" and has a nifty drill-down Fact check tool too.

The few numbers I checked passed the sniff test too.
Read 4 tweets
Deedy Profile picture
Jun 2
The BEST AI report in the world just dropped and I read all 340 pages so you don't have to.

Must-read for frankly, everybody. Here are the top 20 learnings from the report:

ChatGPT has 8x'd growth in 2.5yrs to 800M monthly users.
India at 14% is the #1 largest user base.

1/20 Image
ChatGPT hit 1B searches a day 5.5x quicker than Google.

2/20 Image
3. ChatGPT users spend 3x more time a day on the app than 21mos ago.

3/20 Image
Read 21 tweets
Deedy Profile picture
Jun 1
If these 3 Japanese companies you've never heard of went down, all modern digital infrastructure (and every AI breakthrough) would grind to a halt.

Here's the story of JSR, Tokyo Ohka Kogyo (TOK) and Shin-Etsu, the most important companies you've never heard of...

1/7 Image
These 3 control 80% of the global EUV photoresist market.

Photoresists are exotic light-sensitive chemicals that enable the patterning of circuits on silicon wafers when UV or EUV light hits these materials through a mask.

How did they achieve this dominance?

2/7 Image
The chemistry is insanely complex.

They use ~30-50 proprietary compounds and 1000s of patents. It responds to extreme ultraviolet light at 13.5nm wavelengths.
The patterns are smaller than DNA strands and require decades of expertise.

How did they get there?

3/7
Read 7 tweets

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