Yet Another (ex-)VC Blog

Cloud computing, startups, and venture capital

VC Internship at Qualcomm Ventures in San Francisco

Qualcomm Ventures (“QCV”) is the investment arm of Qualcomm, Inc. At QCV we see the future first because we are building it. We are today one of the leading corporate venture funds in the world with 4 billion dollar exits in last 5 years alone (Fitbit, Waze, Invensense, NQ Mobile) and many other big wins in the making (Xiaomi, Magicleap, 3D Robotics among others). We are an evergreen fund (around since 2000) and invest roughly about $200M every year. We are financially driven investors and have 180+ active companies in our portfolio that are managed by a global team of 30+ investment and business development professionals. We offer the same terms as any other top tier VC and have an exceptionally high follow-on rate of over 85%, which reflects the quality of our companies. We invest across the mobile stack in every major market and at every stage (Seed to Series C and beyond). Our checks range anywhere between $500k – $10M+ and we move fast (if not faster) than most traditional VC funds. We work very closely with the companies in our portfolio and do everything we can to leverage Qualcomm’s unique engineering heft and global distribution muscle to help our companies grow faster than their peers.

The ventures team has an internship opening for its San Francisco location with a specific focus on its Early Stage Fund (Seed/Series A investments). The candidate will have a rare opportunity to contribute immediately with one of the more active and established funds in mobile.

Responsibilities:

· Identify new emerging areas/trends in the broader mobile ecosystem
· Pro-actively reach out to early stage investment candidates
· Synthesize information from multiple sources to draw meaningful investment conclusions
· Must have ability to craft independent investment thesis and help drive investment process forward.
· Perform detailed due diligence for transactions

Requirements: Ideal candidate will have a strong passion for start-ups, significant knowledge/command of mobile ecosystem and sincere interest in early stage investing. Prior work experience in a startup or venture capital firm is preferred. Team player with excellent written/oral communication skills as well as considerable experience interacting with senior management teams. The candidate must be willing to commit about 20 hours every week and be present in person at our office in San Francisco at least one day every week.

The compensation for this position will be in line with industry standard.

If interested, contact Qualcomm Ventures.

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Written by John Gannon

December 21, 2015 at 7:16 pm

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