Took a swing: left the fund to run finance at one of our former targets, CFO in the succession plan. Pay is flatter, equity is illiquid, and I sleep like a person now. Happy to answer anything about the leap, the comp tradeoff, and what operating actually feels like after years of judging operators from a memo.
How big was the cash comp haircut, ballpark? That's the number everyone weighing this actually wants and nobody posts.
~25% down on cash, made up on paper equity if we exit well. The sleep and the autonomy were the actual raise. No regrets.
The judging-operators-from-a-memo line is going to live in my head. We really do underestimate how hard the operating seat is.
Buyouts, portfolios, and the LBO model that refuses to balance. Promote dreams and carry mythology welcome.
＋ New threadMarkets, deals, and the group chat — for people who read the footnotes.