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Venture Capital Jobs Blog

Curated by John Gannon and Team

VC Principal @ XRC Labs in New York City, NY

XRC Labs is the #1 strategic consumer goods and retail accelerator in the US. We regularly present at industry events such as NRF, Shoptalk and NACDS. We fund over 20 companies per year through a rolling admissions process. We provide a host of services and support to help these companies get to the next level of growth and maturity. From prebiotic waters to on-demand manufacturing, XRC’s startup community is global and diverse, with over 40% of our companies run by women, and 20% from outside the U.S..  We have recently expanded the size of our Accelerator Fund as well as begun the fundraising process for our first Growth Fund.

 

We are looking for a dynamic, driven, and outgoing Principal to lead our investment process for both the Accelerator Fund ($6M) and to help raise and deploy the upcoming XRC Growth Fund (+$25M). The right candidate for the job will contribute to the continued rapid growth and long-term success of the company.

 

WHAT YOU WILL DO

 

  • Lead the XRC Labs sourcing, diligence, and selection process
    • Define and lead on-cycle and off-cycle investment process including weekly sourcing meeting, application process, on-cycle evaluation team, Selection Committee Operations, terms negotiation, and on-boarding handover
    • Develop outbound sourcing channels by building relationships with VCs and angel groups, universities, international organizations, conferences and events, and other community partners
    • Work closely with XRC Business Development to understand sponsor key challenges and source relevant startups
    • Diligence and evaluate potential investments by conducting market research, competitive analysis, financial model review, and leveraging expert network
    • Maintain deal flow database and proactively develop process improvements
    • Conduct deep dive research and market maps on thematic topics of interest

 

  • Support existing XRC Labs portfolio companies
    • Provide updates to XRC Labs and XRC investors on existing portfolio
    • Assist XRC portfolio companies with ongoing needs including business development, financial modeling, operational strategy, and investor introductions
    • Develop relationships with Seed and Series A investors to aid startups with fundraising
    • Own XRC investor database and Investor Day invitation and matching process

 

  • Manage day to day operations of XRC Accelerator Fund and Growth Fund
    • Regularly maintain and improve fundraising documents
    • Own maintenance of investor management system
    • Update and report on current valuations for XRC portfolio companies
    • Prepare and send quarterly investor update
    • Manage operations of fund documentation, accounting, and legal

 

  • Support other XRC departments as needed
    • Support building of relationships with brands and retailers to help startups with business development
    • Support building relationships with mentors to leverage for diligence
    • Support building of relationships with partners to provide startups with value-added services

 

WHAT YOU NEED

 

  • 2-4 years experience in Venture Capital or Startups + 2-4 years in Investment Banking, Equity Research, Consulting, or Corporate Strategy
  • BS/BA in Business, Entrepreneurship, Finance, or Marketing; MBA preferred
  • Familiarity and network within the startup ecosystem
  • Enthusiastic, driven, and great at articulating value of XRC offering
  • Ability to prioritize multiple competing tasks
  • Keen eye for evaluating startups with strong analytical and communication skills
  • Team player who doesn’t hesitate to roll up sleeves and tackle something hands-on
  • Knowledge of Retail and Consumer Goods sectors

 

Please reach out to kelly@xrclabs.com

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Written by sandeepashah

May 1, 2019 at 10:35 pm

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