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Yet Another (ex-)VC Blog

Cloud computing, startups, and venture capital

VC Senior Associate @ SoFi Ventures in San Francisco, CA

SoFi is a new kind of finance company taking a radical approach to lending and wealth management. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result.

SoFi, as one of the largest FinTech players globally, has launched a Ventures arm to broaden our support for the FinTech ecosystem in helping other entrepreneurs build disruptive technologies in the U.S. financial services industry. SoFi Ventures is seeking an Associate to join its team and work with the Vice President, Logan Allin, and the broader SoFi team in building and running this new platform.

We believe through our investments that we can support the broader ecosystem – expanding the pie – while improving our opportunity to support the financial lives of our Members. We are looking for a new team member who is passionate about finding, researching, and supporting companies that are transforming the Financial Services industry.

Sourcing

Responsibilities will include:

  • Conducting market analysis and opportunity identification through SoFi team member input, academic research, interviews, conferences, incubator and University demo days, and peers (Angels/VCs).
  • Proactively developing relationships with identified early stage (Seed, Series A, and B) companies that align to our investment theses and scope
  • Help manage the investment pipeline process
  • Creating content, events, and more to build the firm’s brand in the space

Diligence And Investment Execution

  • Support the team’s initial screening and subsequent deep due diligence of potential investments
  • Support development of diligence materials and Investment Memo/Scorecard to assess market sizing, talent assessment, product-market fit, key metrics/financials, capital structure, valuation modeling and exit scenarios, risks, etc.
  • Liaise with SoFi team members to support diligence checks (product, tech, and finance) and finalize investment execution (legal and finance)

Portfolio Company Operating Support

  • Support portfolio companies with access to the appropriate SoFi resources, product strategy, talent sourcing, business development, and planning for future financing.
  • Help gather and manage portfolio performance, metrics, and financials on a Quarterly basis

Requirements

  • Excitement to join a late stage technology company, pre-IPO, and grow a strategic platform within an existing and successful business that maintains an entrepreneurial mindset
  • Passion for the intersection of Financial Services and technology
  • 2-4 years of previous work experience, ideally with a background in venture capital, private equity, or investment banking with exposure to Financial Services / FinTech
  • B.A. or B.S. in related fields
  • Strong grasp of technology trends and business models, ideally in FinTech
  • Small working team experience, strong interpersonal skills, critical thinking, and an exceptional work ethic and discipline
  • San Francisco based

If interested, please apply here.

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Written by sandeepashah

August 12, 2017 at 3:00 pm

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