Venture Associate

SemiAnalysis; San Francisco (CA); On-site; USD 120,000 - 180,000; Full time

Job summary

SemiAnalysis Capital is seeking a Venture Associate in San Francisco to source, evaluate, and execute investments across AI, semiconductors, and infrastructure. This hands-on role spans thesis development, founder meetings, diligence, memo creation, and deal execution.

You will work across the full investment lifecycle, building memos, modeling scenarios, and supporting portfolio companies post-investment, while expanding sourcing networks at industry events and with founders.

Qualifications

• 2–4 years of experience in venture capital, growth equity, private equity, investment banking, management consulting, corporate development, product strategy, or a similarly analytical role.
• Strong analytical, research, and financial modeling capabilities.
• Ability to evaluate companies, markets, and technologies through structured thinking and first‑principles analysis.
• Excellent written and verbal communication skills, with the ability to synthesize complex information clearly.
• Strong relationship‑building skills and the ability to engage credibly with founders, operators, investors, and technical stakeholders.
• High attention to detail and the ability to manage multiple workstreams in a fast‑moving environment.
• Strong intellectual curiosity and genuine interest in AI, semiconductors, infrastructure, and emerging technology markets.
• Self‑starter mindset with strong ownership, initiative, and follow‑through.
• Ability to work full‑time from San Francisco.

Responsibilities

• Source, identify, and build relationships with high‑potential startups across AI, semiconductors, infrastructure, developer tools, and adjacent technology sectors.
• Engage directly with founders to understand their products, market opportunities, business models, competitive positioning, and founder‑market fit.
• Conduct investment diligence across market, product, technical, customer, competitive, operational, and financial dimensions.
• Build financial models, analyze unit economics, evaluate company fundamentals, and support investment scenario analysis.
• Prepare clear and structured investment memos outlining opportunities, risks, market dynamics, diligence findings, and investment recommendations.
• Support deal execution processes, including diligence coordination, data room management, legal workflows, closing processes, and internal approvals.
• Partner with portfolio companies on fundraising strategy, hiring, customer introductions, market positioning, and other strategic initiatives.
• Contribute to investment thesis development using proprietary research, first‑principles thinking, and deep market analysis.
• Represent the firm across industry events, conferences, technical communities, and founder ecosystems to expand sourcing networks and market coverage.

Skills

Analytical thinking

Financial modeling

Due diligence

Sourcing

Communication

Relationship building

Attention to detail

Self-starter

Ownership

Job description

Employment Type: Full-Time Work Setting: In-office

Work Hours: Office hours

Find out more here: https://semianalysis.com

About SemiAnalysis Capital

SemiAnalysis Capital is an investment platform focused on frontier AI, infrastructure, semiconductors, and enabling technologies. Built alongside the broader SemiAnalysis ecosystem, we leverage deep technical research, market insight, and industry networks to identify and support companies building the next generation of technology.

This role sits at the intersection of technical research and active venture investing, offering a differentiated opportunity to source, evaluate, and support companies shaping the future of AI and semiconductors.

Position Overview

We’re hiring a Venture Associate to help source, evaluate, and execute investments for SemiAnalysis Capital. This is a hands‑on investing role across the full lifecycle of venture capital: developing theses, sourcing companies, meeting founders, conducting diligence, building investment memos, supporting deal execution, and helping portfolio companies after investment.

This is a full‑time role based in San Francisco.

We are looking for an intellectually curious and highly driven Venture Associate to help identify, evaluate, and support the next generation of companies shaping AI, semiconductors, infrastructure, developer tools, and frontier technology markets. This role is ideal for someone who enjoys combining deep research, financial analysis, technical curiosity, and founder engagement. You will work across the full investment lifecycle, from sourcing and thesis development to diligence, deal execution, and portfolio support.

Responsibilities

• Source, identify, and build relationships with high‑potential startups across AI, semiconductors, infrastructure, developer tools, and adjacent technology sectors.
• Engage directly with founders to understand their products, market opportunities, business models, competitive positioning, and founder‑market fit.
• Conduct investment diligence across market, product, technical, customer, competitive, operational, and financial dimensions.
• Build financial models, analyze unit economics, evaluate company fundamentals, and support investment scenario analysis.
• Prepare clear and structured investment memos outlining opportunities, risks, market dynamics, diligence findings, and investment recommendations.
• Support deal execution processes, including diligence coordination, data room management, legal workflows, closing processes, and internal approvals.
• Partner with portfolio companies on fundraising strategy, hiring, customer introductions, market positioning, and other strategic initiatives.
• Contribute to investment thesis development using proprietary research, first‑principles thinking, and deep market analysis.
• Represent the firm across industry events, conferences, technical communities, and founder ecosystems to expand sourcing networks and market coverage.

Requirements

• 2–4 years of experience in venture capital, growth equity, private equity, investment banking, management consulting, corporate development, product strategy, or a similarly analytical role.
• Strong analytical, research, and financial modeling capabilities.
• Ability to evaluate companies, markets, and technologies through structured thinking and first‑principles analysis.
• Excellent written and verbal communication skills, with the ability to synthesize complex information clearly.
• Strong relationship‑building skills and the ability to engage credibly with founders, operators, investors, and technical stakeholders.
• High attention to detail and the ability to manage multiple workstreams in a fast‑moving environment.
• Strong intellectual curiosity and genuine interest in AI, semiconductors, infrastructure, and emerging technology markets.
• Self‑starter mindset with strong ownership, initiative, and follow‑through.
• Ability to work full‑time from San Francisco.

Preferred Qualifications

• Prior experience at a venture capital, private equity, growth equity, or technology investment firm.
• Experience evaluating technical products, AI companies, infrastructure startups, developer platforms, or semiconductor‑related businesses.
• Familiarity with startup fundraising, cap tables, term sheets, and venture financing structures.
• Existing network across founders, operators, investors, or technical ecosystems.
• Experience preparing investment memos or presenting recommendations to senior stakeholders or investment committees.
• Technical background, or demonstrated ability to quickly understand complex technical markets, products, and business models.

Growth Areas

• Gain exposure to high‑quality deal flow across AI, semiconductors, infrastructure, and other frontier technology markets.
• Develop deep expertise in evaluating technology companies through a combination of technical, financial, and market analysis.
• Work directly with founders, investors, operators, and senior decision‑makers across the global technology ecosystem.
• Build investment theses grounded in proprietary research, industry insights, and first‑principles thinking.
• Take on meaningful responsibility early across sourcing, diligence, execution, and portfolio support.
• Help build a differentiated investment platform focused on some of the most important technology markets globally.
• Expand your knowledge across venture investing, startup operations, fundraising dynamics, and strategic growth initiatives.

This is a high‑impact opportunity for someone who wants to sit at the intersection of investing, frontier technology, and company building.

SemiAnalysis LLC participates in the E-Verify program to confirm the employment eligibility of all newly hired employees. For more information, visit e-verify.gov.

• Right to Work Poster: https://www.justice.gov/crt/case-document/file/1133936/dl?inline=