VC Associate @ 5 AM Ventures in San Francisco, CA

VC Stack; San Francisco (CA); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

401(k) retirement savings plan

At least 11 paid holidays per year

Paid medical and parental leave

Top tier health insurance plan

Wellness benefits such as gym reimbursement

Employee-directed donations program

Job summary

VC Stack is seeking an Associate to join their Investment Team in San Francisco. This role involves assisting with new company building, sourcing investments, and supporting portfolio companies. The ideal candidate will have an MD or PhD and 2-4 years of relevant experience in deal-making, showcasing strong quantitative and qualitative skills.

The position offers a competitive compensation package, including salary between $150,000 to $210,000, along with robust benefits like health insurance and a flexible PTO plan.

Qualifications

• 2 to 4 years of direct exposure to deal-making, preferably in biotech or investment banking.
• Resourceful and proactive with a hands-on approach to work.
• Fluent in financial modeling and business presentations.

Responsibilities

• Identify new investment opportunities through networking.
• Perform due diligence and evaluate investment ideas.
• Participate in term sheet formulation and financing closings.
• Discuss and present investment opportunities in team meetings.
• Support portfolio companies with strategic direction.

Skills

Industry experience in deal-making

Resourceful and proactive approach

Open and articulate communicator

Quantitative and qualitative analytical skills

Passion for investing and biotech

Education

MD or PhD in a scientific discipline

Job description

Your Role

We have identified the need to add a new Associate on our Investment Team. In this role you will assist with new company building, sourcing of new investments, and support existing portfolio companies. Initially, the successful candidate will spend a majority of their time working with a 5AM Venture Partner to identify promising clinical‑stage and peri‑clinical assets for investment. The position will be based in San Francisco and report to a 5AM Principal.

We believe in the strength of our in‑office culture, and the expectation is that you will be in the San Francisco office regularly.

Key Responsibilities

• Identifying new investment areas and opportunities through networking and meeting with entrepreneurs, academics and other investors.
• Performing due diligence, including primary scientific assessment and evaluation of opportunities and ideas being evaluated within 5AM Ventures.
• Participating in formulation of term sheets and closing of financings, modeling of capitalization tables, and composing investment memoranda.
• Discussing, evaluating, and presenting new investment opportunities within a flat structure in weekly investment team meetings.
• Supporting portfolio companies, including working with portfolio company management teams to provide strategic direction and operational support on an as needed basis.
• Assisting the broader 5AM Investment team with special projects, including generating presentation materials for 5AM offsite discussions and investor relations.

Your Background

• You’ve spent around 2 to 4 years gaining industry experience with direct exposure to deal‑making (e.g., biotech/pharma business development, investing, or investment banking).
• You earned your MD or PhD in a scientific discipline; MBA or similar qualifications are helpful but not required.
• You are resourceful and you are a doer. There is no job too big or too small, and you have a “roll up your sleeves” approach to your work.
• When faced with a task that you’ve not done before, your first instinct is to ask the right questions, seek answers or context independently, and dive in headfirst. You are not scared to try and fail but usually put in enough effort to fail infrequently.
• Your colleagues would describe you as an open and articulate communicator.
• You put a premium on building relationships and have exceptional interpersonal skills.
• You have excellent quantitative and qualitative analytical skills and enjoy using those skills to solve complex problems. Detail oriented is an understatement.
• When it comes to financial modeling and business presentations, you have fluency and facility to execute.
• Last but not least, you bring a strong passion for investing and biotech with a basic knowledge of the healthcare industry.

Compensation

$150,000 – $210,000 a year. We evaluate a variety of factors in determining individual pay decisions, which may include relevant education, experience, and skills; internal equity; complexity and responsibility of the role; and market demand relative to the position.

Benefits

• Cash compensation package that includes exempt salary, annual bonus, and potential for long‑term incentive compensation commensurate with role.
• 401(k) retirement savings plan with white‑glove advisory services and an array of managed fund options in addition to a self‑directed Charles Schwab personal choice retirement account and eligibility to receive profit sharing.
• At least 11 paid holidays per year and an open/flexible PTO plan.
• Paid medical and parental leave of absence.
• Top tier health insurance plan offerings through Blue Shield; 100% company‑paid premium for employees and their dependents; subsidized health savings account.
• Other wellness benefits such as One Medical membership, annual gym/wellness reimbursement, and reimbursement for internet and cell phone.
• Giving Back program that includes employee‑directed donations.
• Escalating career growth via challenge and self‑created opportunity.