We are seeking a new Managing Partner for our UPenn alumni-based venture capital fund, Chestnut Street Ventures. Using our unique venture model, the Chestnut Street Ventures MP is responsible for both raising and investing capital within the UPenn alumni eco-system. Chestnut Street Ventures, like its sister funds, aims to provide alums access to a diversified venture portfolio of high-potential companies while connecting fellow alums around a common interest.
This is a full-time position located in our New York City Flatiron based office. In addition to the strong support you receive from the Alumni Ventures corporate team, you will be backed by a salaried number two focused on deal sourcing and due diligence, as well as an external Investment Committee, and a series of Fellows who will help you grow Chestnut Street’s success.
Chestnut Street Ventures is a 1.5 year-old venture fund that has already raised and fully deployed its first fund.You will join the current Founding Managing Partner, to help her in her continued efforts to raise and invest Chestnut Venture 2.Upon the completion of CSV 2, you will take over the responsibilities as MP of Chestnut Street Ventures.
If you are an entrepreneurial alum, with venture investing experience and are intrigued by this opportunity, we’d like to talk with you.
Profile
Our ideal candidate will have many of these traits and be able to recruit strong supporters in areas where he/she might need support.
Basic Qualifications
Must be a UPenn Alum (undergrad connection preferred)
Venture investing experience
Committed to operating this as a full-time venture
Located near, or willing to relocate near, our regional office in New York City
Entrepreneurial DNA
Requirements for an ideal candidate
Top-tier MBA
Strong influence and connections within the UPenn alumni community
Good VC network to foster deal flow
Experience in a start-up environment
High-energy, engaging personality with a passion for growing and maintaining relationships
Data-driven professional with interest in analyzing beyond the surface of the information
Excellent communicator in person, on the phone, and in writing
Passionate about innovation and entrepreneurship
Interest in helping grow Alumni Ventures Group
Outstanding analytical skills, detail oriented, proactive, and self-motivated
Natural networker who is both engaging and confident
Strong financial acumen
Credible, trustworthy, with a high-level of gravitas
Organized, with a natural desire to analyze complex opportunities, prioritize, and deliver results
Role/Responsibilities
Report directly to AVG’s New York City Executive Partner
Own CSV’s portfolio creation, sourcing of investment opportunities, overseeing due diligence, and executing deals
Initiate and build long-term relationships with lead investors (VC and PE groups) that span stage, geography, and industry focus
Hire (with HR’s lead), train, manage, and develop your team
Work closely with the Alumni Ventures team to leverage our knowledge, systems, processes, and staff
Assist Alumni Ventures with investor outreach and marketing initiatives to your community
Recruit and vet a core nucleus of ambassadors and other stakeholders, complementing your own skill set and experiences with those of others
Interact with school and business departments/incubators in particular to build cordial relationships
Represent the fund to strategic partners, press, entrepreneurs, and the general public
Help define and lay the groundwork for each subsequent annual fund
If interested, please apply here.
