Advance Venture Partners (AVP) is seeking an Associate to focus on early stage growth investments across the consumer and enterprise technology landscape. You must have a passion for technology and startups as demonstrated by career choices or deep involvement in the ecosystem. The role is a unique opportunity to be a part of a small investing team and as such you will play a critical role in all aspects of new investment activity. You should expect an increasing amount of responsibility and exposure, as it is earned, with the potential for internal growth opportunities for top performers. The role is based out of our New York City office.
AVP provides equity capital and strategic support to innovative emerging growth businesses. The firm was founded in partnership with Advance Publications, a privately-owned media and technology holding company with a portfolio that includes Condé Nast, Charter Communications, Discovery Communications, and Reddit. AVP draws upon the domain expertise and intellectual capital that Advance Publications has developed as an owner and operator of businesses in these sectors for over 100 years. AVP focuses on three core sectors where the firm has meaningful domain expertise and investment experience: commerce, software and technology-enabled services, and media. Please visit http://www.avp.vc for more information.
RESPONSIBILITIES
1. Conducting due diligence on new investment opportunities:
- Actively manage all aspects of the due diligence process and workflows
- Conduct in-depth financial analysis including creation of company operating models and evaluation of fundamental business economics
- Preparation of company valuation materials
- Perform market and competitive research
- Prepare investment memos and other discussion materials
2. Identifying new investment opportunities and themes:
- Source new investment opportunities through direct outreach and existing relationships
- Represent the firm at industry conferences/events and network with venture capital peers
- Perform market research to identify investment trends, sectors, and themes
- Assess competitive landscapes and other market mapping exercises
3. Supporting active portfolio companies:
- Lead occasional, short term project work for portfolio companies
- Help manage quarterly portfolio review
4. Other responsibilities supporting the investment team:
- Internal metrics benchmarking and data analysis
- Other projects as needed
REQUIREMENTS
- 2+ years of work experience in investing, investment banking, or management consulting
- Strong financial model skills with experience in financial analysis, creation of financial and operating models, and investment valuation techniques
- Entrepreneurial minded self-starter with a “can do” attitude that thrives as part of a small team with significant responsibility and a high-level of autonomy
- Ability to set and manage deadlines while working on multiple projects at a time
- Personal passion and intellectual curiosity for technology, consumer, and media trends and business models
- Avid user and early adopter of new consumer applications and technologies
- Independent, critical thinker with a point of view on the risks/rewards of new investment opportunities
- Excellent oral and written communication skills
- Flexibility to travel as needed
- Bachelor’s Degree from a top-tier university; technical degree is a plus
OTHER
- Role is based in New York City
- Start date is January 2019 or as soon as possible
- Compensation is competitive with leading VC firms
If interested, please apply here.
