The Director will be integrally involved in all aspects of investment and portfolio management activities for the NYSIVC Fund, including the identification of potential investment opportunities, due diligence, and post-investment monitoring activities.
The Director will be responsible for providing support to the NYSIVC Fund’s Managing Director and senior staff in all aspects of executing the fund’s investment strategy. NYSIVC invests in start-up companies across NYS. Our focus is to foster a start-up ecosystem that creates new opportunities for diverse entrepreneurs to build and scale meaningful businesses in the state. We invest in sectors of importance to NYS including climate and energy, healthcare and life sciences, advanced manufacturing, agricultural technology and other areas of impact. Job responsibilities may include, but are not limited to:
- Participating in all aspects of the investment due diligence process for fund investments including technical due diligence, market sizing and mapping, competitive market identification, financials review, and industry research
- Developing and maintaining financial models related to VC financings, investment deal and company restructurings, valuation analyses, and liquidity events
- Preparing new investment deal review and presentation materials for the NYSIVC Fund Investment Advisory Committee and the ESD Board of Directors.
- Supporting and initiating active deal flow sourcing of new investments including participating in meetings with founders and entrepreneurs, attending relevant conferences and networking events, and maintaining deal pipeline records
- Represent ESD and/or NY Ventures at conferences and meetings, make presentations and participated in panel discussions regarding building and scaling startup companies.
- Cultivate relationships with other investors (angel, institutional and/or strategic), and with other ESD and NYS employees involved in supporting start-up and growth companies.
- Oversight of investment companies as may be assigned including serving as board observer when appropriate, maintaining a strong relationship with CEO and/or other executive management members, tracking progress of the company and supporting the company in its growth, development and financing strategies.
- Maintaining the NYSIVC company portfolio – This includes collecting and reviewing quarterly financial information, maintaining investment data, preparing company updates, and constructing professional presentation materials.
- Assist in the analysis of the Innovate Fund-of-Fund’s portfolio (as needed)
- Outreach to NYS incubators, universities and other assets for deal sourcing and partnering.
- Working effectively with other colleagues within ESD and NYS to further the development of the work of NYSIVC and the Small Business and Technology Division including developing new programs that support startup companies.
- Other special projects as assigned.
expected to work onsite and/or remote consistent with NYS and ESD guidelines and needs.
Education & Requirements
Education level required: Minimum of a Bachelor’s Degree in engineering, sciences, finance or related field (or equivalent work experience in one or more of these sectors) required. Advanced Degree in Business, Law, Economics, Engineering or Public Policy preferred
Equivalent Experience Knowledge Required: 3+ years of investment related experience at a PE/VC firm, or in the alternative two or more years of investment banking, legal, start-up or strategy consulting experience.
Strong knowledge and passion for entrepreneurship with solid writing and financial analysis background.
Excellent interpersonal and networking skills with proven ability to develop and maintain effective business relationships.
Analytical skill and ability to interpret data and provide relevant conclusions/recommendations.
If interested, please apply here.