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Managing Partner / Partner - General Interest

Company: Alumni Venture Funds
Location: Remote
Posted on: June 12, 2021

Job Description:

About Alumni Ventures Group

Alumni Ventures Group is a fast-growing organization that builds and manages alumni and focused venture capital funds. Our corporate headquarters, located in Manchester, NH, provides support and other resources to our funds across the country. On an annual basis, these funds raise money from individual, accredited investors to invest in venture and other alternative assets. With over 140 team members in our offices in Manchester, Boston, New York, Chicago, Austin and San Francisco, AVG has launched more than 20 venture funds over the past six years. We are underway with plans for another dozen or so funds over the next few years. We are private, for-profit, and not part of any school.

We pride ourselves on making a key asset class accessible to investors who were previously shut out of venture capital-and our rapid growth confirms that we are addressing a real pain point for investors. Unlike most VC funds that raise money from a handful of institutions, our funds raise money in smaller amounts from a large group of investors, then build diverse venture portfolios for our investors. We don't lead deals, but rather co-invest alongside established, well-known firms such as KP, Bessemer, Menlo Ventures, Mark Cuban, Andreessen, Khosla, NEA, and others.

ABOUT ALUMNI VENTURES GROUP

AVG's purpose is to grow and engage with this inclusive community of teammates, investors, and entrepreneurs to disrupt the status quo and build a better future. Fueled by a disruptive business model and an innovative solution for an underserved market, Alumni Ventures Group (AVG) is growing rapidly, with roughly 100 employees working from locations in Boston, Chicago, New York City, the Bay Area, Austin, and a headquarters in Manchester, NH.

AVG provides accredited investors with a smart simple way to own high-quality, professionally-managed venture portfolios. AVG offers dozens of distinct funds, including: 16 Alumni Funds that support the entrepreneurial ecosystems of the alumni of top universities nationwide; Focused Funds that offer specific investment themes broadly to accredited investors; and Syndication investment Funds in individual start-up companies, and more. We are private, for-profit, and not affiliated with any school. AVG is a fast-paced work environment with a dedicated approach to growth and innovation that is centered on regular change, experimentation, learning (from both failures and successes), iteration, and continuous improvement.

AVG has raised over $500 million; has invested in over 500 portfolio companies on behalf of thousands of accredited investors; and supports a widespread, engaged community of more than 500,000 stakeholders that includes investors, entrepreneurs, subscribers and community members. AVG typically co-invests with established venture firms and does not lead investment rounds or take board seats. Last year, AVG was the third most-active venture investor in the US.

ABOUT THIS ROLE

As AVG continues to grow, we continually seek experienced investment professionals with strong school ties who can contribute to both driving our community (fundraising, community engagement, and relationship development) and our investing (sourcing, recruiting, researching, and evaluating deals) capabilities.

Managing Partners are full-time professionals at AVG based out of our New York, Chicago, Boston, Austin, or San Francisco offices. As Managing Partner, you will report to and work closely with the Investment Team Board (comprised of AVG's CEO, CIO, CCO, and COO) and lead the growth and development of one of our Core Funds. These are salaried positions, with a comprehensive benefits package and some travel as defined by the iTeam Board for the successful execution of your responsibilities.

Please note that we will contact candidates we are interested in speaking with as opportunities relevant to your skills and experience are identified.

REQUIREMENTS

  • Undergraduate degree required, MBA preferred
  • Significant VC capital or private equity investing experience preferred
  • Ability and willingness to build community and raise capital
  • Entrepreneurial DNA

DESIRED TRAITS

  • Significant connections to and influence in the venture investing ecosystem. Ready and able to engage a network of venture and startup professionals who can provide access to a high number of exceptional investing opportunities
  • Strong ties to a number of academic and incubator communities at the leading edge of the startup scene
  • Demonstrated interest in emerging technologies and innovation, as evidenced by a professional track record of meaningful involvement in the startup space and personal involvement with opportunities around cutting-edge technology
  • Experience advising, consulting, and valuing emerging companies and/or new technologies
  • Track record of investing including significant venture deals sourced from a personal, professional network of venture and startup connections
  • Domain expertise in one or more tech/startup sectors
  • Strong fundraising skills and ability to excel in all aspects of holding meetings, taking calls, follow-up, and closing
  • Track record of being able to build meaningful relationships with UHNW and HNW individuals

RESPONSIBILITIES

  • Meet and exceed regular, periodic goals as established by HQ and all appropriate functional departments (i.e. Community, Office of Investments, etc.).
  • Establish, manage, and grow personal relationships with fellow alumni throughout the venture community and well beyond
  • Identify top-tier deal resources and conduct outreach to VCs, entrepreneurs, incubators, and more to help cement deal flow for the fund
  • Educate deal sources and companies/entrepreneurs about our process and effectively manage relationships in a professional, courteous manner
  • Research and evaluate each company and industry as a potential investment, including the company teams, competitors, and customers
  • Help oversee and manage due diligence
  • Manage the team, directing, coaching, and mentoring the fund's second chair.
  • Work directly the funds' second chair on pipeline management and deal opportunities
  • Drive all IC-related matters
  • Present companies to Investment Committee, and respond to IC, CIO and LP questions, run deal meetings, and orchestrate IC meetings
  • Lead and close conversations and meetings with Fund investors
  • Serve as the primary face of the fund, and help drive community growth, strength, and effectiveness
  • Work directly with the AVG portfolio companies to develop a strong relationship to facilitate future investment opportunities
  • Lead investor relations and potential investor outreach
  • Engage with and support our Fellows, provide mentorship and leverage their time to support fund activities
  • Help supervise back-end functions as needed
  • Suggest improvements to our approach, process, products, and services
  • Be an exceptional teammate and partner for the fund, your sister funds, and fellow colleagues
  • Adhere to AVG policies and procedures regarding conduct, job performance, information management and administrative functions, communicating appropriately regarding any need for exceptions
  • Assist in the coaching of junior resources
  • Help to build a positive relationship with your fund's targeted school

COMPENSATION

  • Base Salary
  • Carried Interest
  • Equity in AVG
  • Competitive Benefits

Alumni Ventures Group is an equal opportunity employer and our team is committed to achieving and supporting a diverse workforce through fair and equitable Talent and people management practices. We consider applicants for all positions given the needs of our business and the relevant team, and the skills, experience and competencies each candidate brings. If you are excited about the work AVG is doing and believe your skills, experience and competencies can create impact for our team, our Investors and our portfolio companies, we encourage you to apply. Your candidacy will be considered based on your ability to add value, regardless of your race, color, religion, sexual orientation, gender identity, national origin, veteran or disability status.

Keywords: Alumni Venture Funds, Eugene , Managing Partner / Partner - General Interest, Other , Remote, Oregon

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