14 SHARE WORKS BY MORGAN STANLE Y
2020 VC E XECUTIVE COMPENSATION SURVE Y
Median # Employees
Seed
Median % Founder Median % Investor Median % Employee
Series A Series B
Seed Series A Series B
12
34
15.8%
16.8%
52.7%
80.1
29.6%
3.4%
12
34
15.8%
16.8%
52.7%
80.1%
29.6%
3.4%
Median # Employees Median % Founder Median % Investor Median % Employee
20
70
23%
22
57.4
63.1%
21.4
20
70
23%
22%
57.4%
63.1%
21.4%
18 18
15.5%
23.1% 23.1%
20.9%
56%
56%
18.1%
18.1%
40
40
61.9%
61.9%
12% 12%
15.5%
Median # Employees
Seed
Median % Founder Median % Investor Median % Employee
Series A Series B
Seed Series A Series B
12
34
15.8%
16.8%
52.7%
80.1
29.6%
3.4%
12
34
15.8%
16.8%
52.7%
80.1%
29.6%
3.4%
Median # Employees Median % Founder Median % Investor Median % Employee
20
70
23%
22
57.4
63.1%
21.4
20
70
23%
22%
57.4%
63.1%
21.4%
18 18
15.5%
23.1% 23.1%
20.9%
56% 56%
18.1% 18.1%
40 40
61.9%
61.9%
12% 12%
15.5%
Company Ownership - Non-Founding CEO
The tables below show median (50th percentile) company ownership as
a percentage of fully diluted shares by founder, investor, and employee,
grouped by CEO founder status.
Ownership Breakdown of Pre-Revenue Companies
Ownership Breakdown of Post-Revenue Companies
