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
If interested, please apply here.
