Related Posts
Hi All ,I have two offers from DXC and Johnson controls (JCI) ,Yoe :11.JCI techstack:Bigdata,DXC tech stack :Azure Cloud,JCI salary:27 L Fixed CTC ,5 L variable.DXC salary :31L fixed CTC,2 L variable&1L JB.Kindly advise which one to prefer with respect to technology,company,CTC etc . Your advise will be very helpful, Thanks DXC Technology Johnson Controls , Inc. Tata Consultancy Infosys
More Posts
This bowl is pumpin'
Hello everyone, EY GDS Consulting is hiring for multiple roles across all GDS locations. (Project management, operations, business transformation, technology, digital emerging technologies, cloud, testing, IFRS, etc) Please share your resume to georgeshijoth@gmail.com for referrals. PS: please do not share your resume if you have already shared your resume to any EY staff.
Opinions on W2O? Strat primarily
Additional Posts in Finance
male fishies: where do you guys buy your ties?
How do I learn how to interact with clients? Like advice for someone in sell side sales? Anyone know any good books or other resources? I found this video and I want to learn more tips like this: http://www.cnbc.com/2015/01/14/master-class-entertaining-wall-street-clients-commentary.html
New to Fishbowl?
unlock all discussions on Fishbowl.
Pro
Basically next to nothing for cash comp until you get that second fund raised with an outsized portion of equity/carry (basically only enough to cover living expenses). Unsure the financial details of the strategy (mgmt fee, overhead costs, etc) or if the other two partners are contributing cash equity to the business at all.
My buddy was part of something similar, and while we didn't talk numbers I got the feeling he was right around $100 all in cash comp (+/- 25)
I’d add, if you are doing all the work, how much would you expect to be paid for that work if the carry was worth 0? Get the other partners to pay you that, and write in a smallish slice of carry on fund 1, plus a step up in carry contractually with the management entity for funds 2 and 3. And protections against them cutting you out of funds 2 and 3. The whole story is a mess. You’d be better off going to work at an established shop. It is very likely the others involved in this idea are using you as a free option.
What asset class? A $50mm fund will have a hard time paying operating costs even ex salaries, in many cases. A fund that size is basically a hobby and/or way to buy a track record.
I have direct personal experience of this btw.