Principal Ventures

Cleveland Clinic; Cleveland (OH); Hybrid; USD 119,000 - 190,000; Full time

Job summary

Cleveland Clinic’s Principal Ventures on the Main Campus seeks a seasoned caregiver to drive venture investments in medical devices, life sciences, and digital health. You will lead market research, diligence, and executive-level presentations while coordinating with the commercialization team and venture capital communities.

The role requires strategic hiring, robust due diligence, and board-level engagement, with a hybrid schedule and in-office Mondays and Wednesdays.

Qualifications

• Bachelor degree in Economics, Mathematical Sciences, Engineering, CS, Business, or Liberal Arts.
• Six years of business research and analysis experience.
• Proficiency in Excel, PowerPoint, Word, Access, Adobe Acrobat, and other databases/LinkedIn.

Responsibilities

• Lead idea generation, market research, and diligence for Cleveland Clinic startup investments.
• Build complex financial models comparing startups to plans and forecasts.
• Identify industry trends for startup technologies and competition.
• Coordinate with the Cleveland Clinic commercialization team and external VC communities.
• Lead end-to-end investments and participate on startup boards.
• Interface with board members and directors to advance team goals.
• Hire CEOs/founding executives via strategic hiring plans and interviews.
• Set due-diligence processes with analytics, finance, and legal teams.
• Deliver investor presentations to attract external capital.
• Prepare and present reports to Cleveland Clinic executives and stakeholders.
• Other duties as assigned.

Skills

Business research

Critical thinking

Communication

Project management

Education

BA/BS in Economics/Engineering/CS/Business

Six years of business research experience

PhD/MS in life sciences (preferred)

Tools

Excel

PowerPoint

Word

Access

Adobe Acrobat

LinkedIn

Job description

Join Cleveland Clinic's Main Campus where research and surgery are advanced, technology is leading-edge, patient care is world class and caregivers are family. Here, you will work alongside a passionate and dedicated team, receive endless support and appreciation, and build a rewarding career with one of the most respected healthcare organizations in the world.

The Principal Ventures works closely with the Executive Director and Partners on the Ventures team to identify, evaluate, and recommend investments in startup companies. Supporting a portfolio spanning medical devices, life sciences, and digital health, this individual contributes to all aspects of the Ventures investment program, including research into emerging areas of healthcare innovation, oversight and guidance of junior team members, and execution of special projects.

With a hybrid schedule from 8:00 a.m. -- 5:00 p.m., a minimum of three in-office days each week (Mondays and Wednesdays required, plus one additional day), with additional on-site days as business needs require.

A caregiver who excels in this role will:

• Lead idea generation, market research and diligence activities to create actionable investments into new or existing Cleveland Clinic startup companies.
• Build complex financial models that analyze and monitor New Companies' startups compared to plans and forecasts, as well as to industry standards.
• Identify trends in the industry and specific markets for Cleveland Clinic's startups' specific technologies and competition.
• Coordinate activities with all others in the Cleveland Clinic commercialization team and participate in the ongoing development of the New Companies team by fostering on-going external relationships with entrepreneurial and venture capital communities.
• Seek to successfully lead an investment from end-to-end (sourcing to thesis development to diligence to investing) and serve as Member of the Board of Directors of this startup under the direct supervision of the General Manager New Companies.
• Interface with other Cleveland Clinic startup board members and Directors to ensure that the goals of the New Companies team are advanced.
• Hire a CEO and/or founding executive team through the creation of a strategic hiring plan, writing of job descriptions, and targeted interviews, either organically or through a recruiting firm.
• Set a due diligence process for an investment with layered questions and in collaboration with business analytics, finance, and legal team members.
• Work with the Cleveland Clinic startup company team to create and deliver investor presentations that are designed to attract and expedite the syndicated investment of external capital into companies formed by the Cleveland Clinic.
• Prepare and present reports for Cleveland Clinic's executive team and other CCF stakeholders.
• Other duties as assigned.

Minimum qualifications for the ideal future caregiver include:

• Bachelor of Arts or Bachelor of Science degree in Economics, Mathematical Sciences, Engineering, Computer Science, Business, or Liberal Arts
• Six years of business research and analysis experience and experience with entrepreneurial resources
• Proficiency in Excel, PowerPoint, Word, Access, Adobe Acrobat, and other technologies including multiple databases and LinkedIn
• Critical thinking skills, decisive judgment and the ability to work with minimal supervision
• Excellent interpersonal, oral, and written communication skills
• Excellent project management and product management skills and experience

Preferred qualifications for the ideal future caregiver include:

• PhD or Master's degree in life sciences
• Prior experience in venture capital, investment banking, or management consulting
• Strong record of academic achievement
• Experience with venture-stage life sciences companies
• Scientific and experiential background
• Experience working within the life sciences industry

Physical Requirements:

• Requires frequent sitting, normal or corrected vision and manual dexterity sufficient to perform work on a personal computer.
• Requires the ability to walk to various locations to attend meetings.
• Requires ability to travel, both domestically and internationally.

Personal Protective Equipment:

• Follows standard precautions using personal protective equipment as required.

Pay Range

Minimum Annual Salary: $118,960.00

Maximum Annual Salary: $190,360.00

The pay range displayed on this job posting reflects the anticipated range for new hires. A successful candidate’s actual compensation will be determined after taking factors into consideration such as the candidate’s work history, experience, skill set and education. The pay range displayed does not include any applicable pay practices (e.g., shift differentials, overtime, etc.). The pay range does not include the value of Cleveland Clinic's benefits package (e.g., healthcare, dental and vision benefits, retirement savings account contributions, etc.).