VC Manager @ Techstars in Washington DC

VC Stack; Washington (District of Columbia); On-site; USD 110,000 - 130,000; Full time

Job summary

VC Stack is hiring an Investment Manager to work closely with the Managing Director for the Techstars Healthcare Program in Washington DC. You'll ensure operational success throughout the accelerator cycle, focusing on sourcing, selecting, and accelerating company growth.

This role demands an understanding of early-stage startup operations and investment processes, active networking with entrepreneurs, and mentoring them in their fundraising efforts. Compensation ranges from $110k to $130k base with a 10% bonus.

Qualifications

• Experience as a co-founder or early employee at a startup.
• Prior experience in early-stage tech investing.
• Willingness to travel.

Responsibilities

• Develop and refine the program investment thesis.
• Source target companies consistent with the investment thesis.
• Run due diligence on market information and financial metrics.
• Mentor founders and provide necessary support.
• Own logistics and operations for the accelerator program.

Skills

Understanding of entrepreneurial process

5+ years in technology industry

Engagement with diverse entrepreneurial network

Constructing investment memos

Understanding of venture deals

Emotional intelligence

Expertise in Excel, Google Suite, Airtable

Strong communication skills

Analytically oriented

Sales skills

Job description

We are hiring an Investment Manager to work closely with the Managing Director for the Techstars Healthcare Program in Washington DC. In this role you will be responsible for ensuring the operational success of the full accelerator cycle from pre-program and founder onboarding to 13 weeks of programming and Demo Day. This includes utilizing tools and developing processes to manage program data, scheduling, logistics and event management, including Demo Day, the culmination of the program.

As an Investment Manager, you will also be focussed on sourcing, selecting, and helping to accelerate the growth of companies in which we invest, during the 3‑month accelerator and beyond. You will have the opportunity to have a front‑row seat to the creation of some of the most prolific companies of the next decade, and help support their success.

In this role, you will bring to the program an understanding of early stage startup operations, investing and fundraising. You will meet regularly with entrepreneurs, mentors and other members of the Techstars network (investors, community members, prospective partners, etc.), and you should expect to be well versed on emerging trends and technologies in the venture capital industry. You will be intimately involved in the support of our founders in the program, helping them accelerate traction through customer development and sales support.

You will also be a critical partner for them in their fundraising efforts, helping them build their pitch decks, hone their pitch, and help them run an efficient and effective process. You will build strong bonds with the startups you bring into the program, acting as a resource and looking out for relevant opportunities to support their success.

Responsibilities and Duties

• In conjunction with the Managing Director you will help develop and refine the program investment thesis in various aspects of healthcare
• Source target companies consistent with your program investment thesis utilizing direct outreach, paid marketing, events, referrals, and inbound accelerator applications
• Review and rate companies based on the program selection and measurement criteria and process within Techstars record systems
• Run due diligence to verify market information, unit economics, and other financial metrics to yield the highest IRR possible
• Do what it takes to identify, close, and help world‑class founders to find success and to make sure our accelerator experience is authentic and extraordinary
• Form and foster authentic relationships with founders, investors, mentors, service providers, and other ecosystem partners in order to develop sourcing relationships and build a support network for our founders
• Help our founders secure additional investment during and post‑program
• Partner with the Managing Director to develop the program plan and own successful execution of the Accelerator program, including Demo Day
• Ensure the program is following best practices and executing upon the outlined content and curriculum of the Techstars playbook
• Deliver a best‑in‑class accelerator experience for founders, mentors, partners, investors, and other program stakeholders
• Own all logistics, operations, administration, scheduling, calendar management, and event planning for the program
• Mentor our founders and provide them with the network, tools, and education they need to succeed
• Help create and support the systems and infrastructure used for sourcing, mentor, and investor relations
• Provide ongoing portfolio management and assistance for our companies

Qualifications and Skills

• Deep understanding of, empathy for, and experience with, the zero‑to‑one entrepreneurial process – you quite likely have 1) been a co‑founder or early employee at a startup company and have ideally been involved with a successful fundraise or two, or 2) have prior early‑stage tech investing experience
• 5+ years of prior experience in the technology industry; product development, engineering, or go‑to‑market experience
• Experience engaging with and supporting a diverse entrepreneurial network
• Experience constructing investment memos and supporting research
• Understanding of venture deals, investment materials, and investor pitches
• Strong emotional intelligence and founder empathy stemming from experience with recruiting, vetting or advising entrepreneurs
• A genuine passion for technology and startups, an entrepreneurial mindset and a desire to learn
• Available to travel
• Expertise with Excel models, Google Suite, Airtable, Notion, and other tools utilized by our founders and program
• Verbal and written communication skills are razor sharp
• Initiative and comfort working through uncertainty/unstructured environments come naturally to you
• Analytically oriented – you make decisions based on data
• You can sell – you combine credibility and chemistry to convince people to join you on your journey

Compensation: $110,000.00 – $130,000.00 base with 10% bonus

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