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Venture Partner

Company: ASTRALABS
Location: Palo Alto
Posted on: August 5, 2022

Job Description:

Job DescriptionWe're looking for the crazy ones that are going to change the world - if that's you - apply now.Newchip is a virtual startup accelerator that provides world-changing early-stage companies with the software tools, training, mentorship, and the investor network necessary to successfully raise capital, build, and scale their businesses to eventual exit. We're in 100+ countries and have a portfolio of over 2,000 startups that have raised $1B+ in funding since our launch in 2019.Do you love Shark Tank? Imagine every day being like an episode but on a global scale, that's what we do. We recruit top startups and we launch virtual cohorts each month from our HQ in Austin, TX, with a goal of coaching each to a point of invest-ability. We then invest in our top program graduates alongside our 3,000+ investor network and work with them until exit.-We're a veteran founder team with decades of experience, acquisitions and exits under our belts, and we're looking for the next member of our team that meets both our core values and can add their skillset to our melting pot of diversity.-We're only recruiting entrepreneurial and driven individuals who are in it for the long haul to reach an IPO and that want to truly assist startups to drive results that create investment returns to our investors and investor partner network.-If you're looking to make a difference in the world and learn in 1 year what most learn in 5, we're here to provide the mentorship, leadership, and potential to make that dream a reality - if you're here looking for a 9-5, our company isn't for you.Apply today to join the 100+ employees in our HQ in Austin, Texas, or join one of our remote teams around the globe!Mission Statement: We drive results and set the standard for entrepreneurs and investors everywhere.That being said, we're a 100% meritocracy so before we move forward make sure you meet our company values.

  • Personal Integrity - We take ownership of our responsibilities and do what we say we will do no matter what.
  • Humble & Coachable - We have respect for authority and experience, but also a hunger for constant feedback.
  • Self Motivation - We strive to learn, grow, and constantly improve ourselves so that we can contribute to the team.
  • Gritty Resolve - We face down all adversity, we take all criticism, and we get knocked down, but we always get back up.
  • Passionately Ambitious - We put everything into our work because accomplishing the team goal, equals personal success.Role Overview:Our Venture Partner Program is a full-time General Partner in-training position that will empower and equip you to contribute to our fund and our portfolio in a significant way while establishing yourself to build a career in VC at our firm and/or others. You must at a core be an excellent leader who can recruit, coach, and build up other leaders. You will work with founders and their teams to develop processes, and externally with investment partners to assist founders in developing and closing rounds. To be successful in this role, you should have extensive experience in senior leadership roles and/or as a founder and investor, because, you will build up great startups, invest in them, and help guide them to acquisition post-investment.As a Venture Partner, you will be responsible for assisting in the following activities: fundraising, partner and co-investor development, and startup mentoring for a select portfolio of startups under your management.Over time, your success will be measured by 4 key metrics in this order:1. Your ability to bring on partners and co-investors for your portfolio.2. Your ability to coach, train, and mentor a startup portfolio to success.3. Your ability to assist in raising additional capital to deploy in the fund.4. Your ability to source deal-flow from your network and region.You will be required to be an excellent manager, team builder, teacher, recruiter, communicator, firefighter, and issue resolver as your work will contribute to building a foundation for startup success in our portfolio for years to come. Culture Fit Requirements:1. A compelling hunger and passion to achieve something great in life and change the world - remember that experience can be gained over time but your passion and drive are what will lead to success via sheer mental fortitude.2. Willing to do whatever it takes to get the job done, are humble and have a trainable mentality, and able to learn on the job - we're looking for partners that can not only operate in the chaos of a startup but thrive in it and earn a place on our team.3. Hyper-organized, resourceful, and truly enjoys working in a team to achieve the vision- able to proactively reach out for guidance, offer and receive guidance from your fellow team members, and solve roadblocks on your own.Location Requirements:You may work out of our offices in Austin, TX, however, we are preferentially recruiting for this role as a Remote role to increase our access to additional markets/regions and continue to add to our global network. Mutual Test Period Contract:Given the long-term and remote nature of this role post-COVID, we utilize a mutual trial period. Your initial title will be Venture Partner Fellow for your first 90 days at a stipend of $6,250 per month. You will be responsible for your own medical benefits, taxes, office, and other expenses, unless deemed expense-able otherwise or approved for full-time. After 90 days, top-performing individuals will be offered a full-time role with a base salary, benefits, access to invest in our fund, and carry. Full-Time Requirements:Full-time roles require a minimum investment stake in our rolling quarterly fund, with a minimum investment upfront, and the remaining as part of a capital call structure as delineated quarterly. Note that this LP investment is separate from any role or responsibility and is simply skin in the game alongside our full-time General Partners in the investment process.Responsibilities:
  • Establish, develop, and maintain positive partner and portfolio relationships
  • Network with investors through email, LinkedIn, events, etc
  • Research, qualify, and build investor network and industry partnerships
  • Achieve agreed upon targets, quotas, and portfolio outcomes
  • Analyze market potential and track managed portfolios growth/traction
  • Utilize best practices/research trends in the market for startups and VC
  • Coach and mentor your portfolio on their needs/traction/growth
  • Improve through feedback/ coaching with the management team
  • Build reports on portfolio traction and investment potentialRequirements
    • 5+ years of direct entrepreneur/startup experience or 3+ years of experience in venture capital, angel investing, or early-stage (Seed-Series A) private equity. [Preference going to exited entrepreneurs and angels with successful portfolios]
    • Ability to develop relationships and make connections with anyone, anywhere
    • Ability to google, learn independently, and solve roadblocks without handholding
    • The personality type that talks to people on elevators and owns networking events
    • Deep understanding of the startup processes, businesses, and their dynamics
    • Proven track record in communication with expert negotiation skills
    • A commitment to excellent service to deliver quality mentorship and coaching
    • Highly motivated and target-driven with a proven track record in startups
    • Excellent time management and organizational skills - personally and as a leader
    • Ability to create and deliver presentations tailored to the audience needs
    • Relationship management skills, openness to feedback, and ability to grow
    • Ability to build productive business professional relationships via CRM
    • Able to work comfortably in a fast-paced environment whether in-house or remote
    • Excellent with Excel, Office, Linkedin Navigator, CRM Tools, Hubspot, and GDrive.Benefits
      • Be a part of a global team with a hybrid in-office and remote culture with a headquarters in East Austin, Texas
      • Industry leader in compensation packages including base plus performance incentives, equity, and company stock.
      • Fully covered benefits that include medical, dental, vision, life, and disability insurances; plus a 401k program.
      • Join an active culture and become a pillar in the startup community with weekly team outings and community events.
      • Access to all of our accelerator certificate programs if you launch a startup during your career here (valued at $1M+).
      • Active culture with a gym at HQ with bouldering, weight gym, classes, yoga, steam-rooms, and showers on-site.
      • Up to 30 days of vacation allotted per year including paid time off/PTO, Holidays, Sick Days, and Election Day off.
      • Hybrid roles receive up to 60 days of remote work allotment per year at the discretion of your leadership team.
      • ClassPass membership gives you worldwide access to thousands of top-rated gyms, fitness studios, salons, and spas.
      • Weekly catered lunch on Fridays, food trucks on-site on Thursdays, as well as unlimited snacks and Starbucks coffee.
      • The 1st Monday of each month, we cater the whole day: a breakfast taco bar, BBQ lunch, and top performer dinner.
      • Opportunity to make a meaningful impact in a revolutionary space working with thousands of startups around the globe.

Keywords: ASTRALABS, Palo Alto , Venture Partner, Accounting, Auditing , Palo Alto, California

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