5 SHARE WORKS BY MORGAN STANLE Y
2020 VC E XECUTIVE COMPENSATION SURVE Y
This chart illustrates median revenue per employee by annual revenue grouping. In comparison to the 2019
median revenue per employee we saw a decrease for all revenue groupings with the largest dollar value
delta for the >$25-50M revenue category. Companies with between $10M and $25M in revenue experienced
a 15% decrease in median revenue per employee, largest decrease as a % of revenue.
This could be attributed to companies generating lower than expected revenues due to the COVID-19
pandemic as this metric trended downwards across the board.
Median Revenue Per Employee ($M)
>$0M-$3M
>$3-$10M
>$10M-$25M
>$25M-$50M
>$50M-$100M
>$100M
-2%
-4%
-15%
-12%
-6%
-6%
$48,487
$46,721
$108,221
$106,061
$166,667
$141,509
$213,675
$187,500
$257,732
$242,105
$379,195
$354,926
$48,487
$46,721
$108,221
$106,061
$166,667
$141,509
$213,675
$187,500
$257,732
$242,105
$379,195
$354,926
$15
Post Series
A
Seed Funding
Only
$3.2
Post Series
B
$40
Growth Capital
Funding Only
$41
1$80
5+ Rounds
of Funding
$112.5
Post Series
D
Post Series
C
$68.8
$15
$3.2
$40
$41
$180
$112.5
$68.8
2019 2020
YoY
Medians
