Marketing & Communications Roles at Investment Firms. How’s the Comp?

Dedicated in-house marketing teams at investment firms is still relatively rare, but that’s changing. Firms like Lightspeed are leading the shift, with their CMO describing the firm as “much more than capital providers. They’ve become media companies.” How common are dedicated Marketing & Communications roles across the broader investment firm ecosystem, and what does it take for […]

How Private Company Fundraising Has Changed in 5 Charts

Fundraising rounds at private companies are getting larger at every stage. In this month’s digest, we are digging into the correlation between the most recent series raised and the total amount of financing raised (as a dollar amount) to see how the market has shifted since 2024. That shift has meaningful implications for how companies […]

Investment Firm Compensation: Why AUM Alone Isn’t Enough

We just wrapped an investment firm consulting project where we looked at the firm’s compensation by both total AUM and size of most recent fund. We found the data to be interesting, so we’re sharing some of the analysis with you in this month’s digest. One of the most influential ways to customize investment firm compensation is […]

“How big should our option pool be?”

Welcome back to the Thelander Digest. This month, we are digging into one of the most important elements for a startup: the option pool. Whether you’re setting one up for the first time, preparing for your next round of fundraising or rethinking your equity strategy as you scale, getting the option pool right has the long-term […]

Carry Dollars at Work: What Every VC Needs to Know

What are carry dollars at work? Thelander data shows how carry dollars at work — the potential dollar value of carried interest at a 2x gross multiple — has shifted across firm sizes and levels since 2023.

Committing Capital For Your Carry

Committing capital for your carried interest is one of the most important – and often least talked about – parts of a carry package. When investment professionals write a personal check into the fund, they are putting skin in the game. That capital committed is tied directly to the amount of carried interest they receive, […]