Should I pursue corporate VC at associate level or a manager level role in innovation i.e. partnership and product spaces

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My first question is going to be who is paying more? My second is, where do you see yourself in five years and which company fits in the plan ?

I like both spaces and opportunities in either don't come open often. I'd prefer VC, but concerned if I could get into a leadership role eventually. I wouldn't want to leave for say a corp dev role

You have more YOEs than I do, but to relay the advice I have received:

Not all corporate VCs are the same and require your due diligence in evaluating the position. In general, the more active your fund, the better. You will absolutely be able to move to traditional VC funds if you land at one of the highly respected CVCs (i.e. Google, Salesforce, Intel, etc. - WSO probably has the best up-to-date information on reputation).

If you join a slower CVC (1-2 per year), you will not be evaluated favorably in traditional investing spheres (PE/VC). That said, smaller & startup funds will still be interested, but the reason/incentives to join those are notably different. Usually, the "exit" at this point is CD or MBA, but CVC is already kind of the exit, just as CD is usually the exit for better WLB (in exchange for lower comp).

You should also be expected to wholly enjoy the industries the fund invests in, since you will eventually be expected to stand up as an expert in the field (if you haven't specialized as a consultant already).

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