VC Manager @ 3M Ventures in Maplewood, Minnesota

VC Stack; Maplewood (MN); Hybrid; USD 188,251 - 230,084; Full time

Job summary

VC Stack is seeking an experienced Investment Manager to drive 3M venture investments in strategic areas. The role involves managing the investment process, working closely with leaders, and developing tailored deal structures. A strong background in business management and experience in a deep tech field is required.

This position is a hybrid role based in St. Paul, Minnesota, offering competitive compensation and a range of benefits to support your well-being.

Qualifications

• Bachelor’s degree or higher from an accredited institution.
• Five years of relevant experience in a private, public, government, or military environment.
• Experience in a deep tech field.

Responsibilities

• Lead 3M venture investments aligned with strategic interests.
• Manage the entire investment process from sourcing to closing deals.
• Work closely with leaders to develop collaboration plans.
• Develop tailored deal structures for unique project objectives.

Job description

Investment Manager, 3M Ventures

Choosing where to start and grow your career has a major impact on your professional and personal life, so it’s equally important you know that the company that you choose to work at, and its leaders, will support and guide you. With a wide variety of people, global locations, technologies and products, 3M is a place where you can collaborate with other curious, creative 3Mers.

Collaborate with Innovative 3Mers Around the World

This position provides an opportunity to transition from other private, public, government or military experience to a 3M career.

The Impact You’ll Make in this Role

As an Investment Manager in 3M Ventures, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative people around the world. Here, you will make an impact by:

• Leading 3M venture investments aligned with areas of strategic interest across 3M’s broad set of businesses
• Managing the entire investment process, as needed, from mapping investment trends, developing investment themes, sourcing and maintaining a pipeline of relevant investment opportunities, conducting due diligence and valuation analysis, to pitching deals to the Ventures Investment Committee, closing deals, and managing portfolio companies and board observer roles post- investment
• Working closely with business and technical leaders to develop collaboration plans that provide value to 3M and partner companies, while forming trusted relationships with senior decision makers that enable effective communication and alignment around critical business decisions related to our projects
• Developing creative and highly tailored deal structures and processes that result in optimal solutions for unique project objectives

Your Skills and Expertise

To set you up for success in this role from day one, 3M requires (at a minimum) the following qualifications:

• Bachelor’s degree or higher (completed and verified prior to start) from an accredited institution
• Five (5) years of entrepreneurial, business management, strategy, consulting, investment banking or business development experience in a private, public, government or military environment
• Experience in a deep tech field

Additional qualifications that could help you succeed even further in this role include:

• MBA, or undergraduate degree in engineering or technical field
• Venture capital (VC) or corporate venture capital (CVC) experience, including strong knowledge of finance and various valuation techniques
• Experience as a board member or board observer for a venture-backed startup
• Strong negotiation skills, with the ability to effectively engage directly with target company senior management

Work location:

Hybrid, based in St. Paul

Travel:

May include up to 25% domestic and international based on projects

Relocation Assistance:

May be authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being

3M offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, 3M regularly benchmarks with other companies that are comparable in size and scope.

Applicable to US Applicants Only:

The expected compensation range for this position is $188,251 – $230,084, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate’s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/.