Alumni Ventures Group is a fast-growing organization with 100 employees across the country and a widespread, engaged community of 500,000 entrepreneurs, investors, and supporters. We are disrupting financial services by bringing smart, simple venture investing to 15 million accredited investors who were largely shut out of this asset class until now.
Our headquarters in Manchester, NH provides back-office support and resources to our fund teams in Boston, New York City, Chicago, San Francisco, and Austin, TX. On an annual basis, these teams raise funds from their respective alumni communities to invest in a diversified portfolio of promising start-ups. Our key competitive advantage as an investor is the combined scale and connectivity of our vast network, which provides capital, sources deals, and assists our portfolio companies. AVG has successfully launched over 25 venture funds. We are private, for-profit, and not part of any school.
Strawberry Creek Ventures is AVG’s fund for alumni of the University of California, Berkeley. As AVG and Strawberry Creek Ventures continue to grow, we are seeking to extend the investing capacity of the fund. We are hiring an experienced, full-time Managing Partner who will lead investing (deal sourcing, recruiting, researching, evaluating) for Strawberry Creek Ventures and work closely with the Founding Managing Partner to support the overall growth of the fund. The successful Managing Partner at Strawberry Creek Ventures will drive enhanced deal quality and improve co-investing opportunities with AVG sibling funds.
As Managing Partner, you will report to AVG’s Investment Team (iTeam) Board, comprised of AVG’s CEO, CIO, CCO and COO. This is a full-time position based in our San Francisco, CA office with some travel as defined by the iTeam Board for the successful execution of your responsibilities.
Compensation
- Base Salary
- Competitive Benefits
- Equity in AVG
- Carried Interest
Basic Qualifications
- Undergraduate degree required, MBA or MS/MA preferred
- Significant VC investing experience across various sectors and stages
- Entrepreneurial DNA; broad operating background a plus
- Demonstrative experience in implementing and executing standardized business processes
Requirements for an Ideal Candidate
General
- Significant connections to and influence in the venture investing ecosystem. Ready and able to engage a network of venture and startup professionals who can provide you and Strawberry Creek Ventures access to a high number of exceptional investing opportunities
- Strong ties to a number of academic and incubator communities at the leading edge of the startup scene
- Demonstrated interest in emerging technologies and innovation, as evidenced by a professional track record of meaningful involvement in the startup space and personal involvement with opportunities around cutting-edge technology
- Experience advising, consulting, and valuing emerging companies and/or new technologies
- Ability to quickly garner credibility, respect, and trust from complete strangers
- Highly organized and detail-oriented, balanced by ability to get and communicate big picture
- Experience successfully managing multiple, complex projects at the same time
- Excellent work ethic and professional demeanor
- Strong writer and communicator, excellent listener
- Strong teamwork with HQ teams to achieve goals, compliance, and open communication
- Investing
- Track record of investing including significant venture deals sourced from a personal, professional network of venture and startup connections
- Knowledge and comfort with current events and trends impacting the venture investing ecosystem
- Exceptional financial and venture acumen:
- Demonstrated ability to evaluate venture investing opportunities
- Strong research and analytical skills, particularly venture investing
- Experience in company research and due diligence preparation
- Familiarity with deal structures and closing processes (ability to read, analyze, and assess term sheets)
- High level of gravitas and understanding of how the venture community functions and AVG’s place within it
- Domain expertise in one or more tech/startup sectors
Teamwork
- Track record of being able to build productive professional relationships
- Self-starter and independent manager, but good team player and personnel manager
- Smart, creative thinker and problem-solver, fast learner, with demonstrated initiative
- Experience communicating and collaborating with HQ/other teams to achieve goals, compliance, and open communication
- Assist in the coaching of junior resources
Community Building
- Superior relationship development/management skills with a comfort and desire to regularly interact with potential community members
- Track record of being able to build meaningful relationships with UHNW and HNW individuals
- Strong influence and connections within the Berkeley alumni community and university ecosystem
Role / Responsibilities
- Along with the Founding Managing Partner, drive brand awareness and community growth, managing all relationships in a professional, courteous manner
- Establish, manage, and grow personal relationships throughout the venture community and beyond
- Educate deal sources, companies, and entrepreneurs about AVG’s process
- Identify top-tier deal resources and conduct outreach to VCs, entrepreneurs, incubators, and additional entities as appropriate to help cement consistent deal flow for the fund and AVG
- Direct and manage the fund’s investment pipeline and management of deal opportunities
- Manage due diligence
- Help research and evaluate each company and industry as a potential investment, including the company’s team, competitors, and customers
- Along with the Founding Managing Partner, manage the Investment Committee relationship:
- Recruiting IC members,
- Presenting companies to IC,
- Running AVG’s Turbo approval process,
- Orchestrating IC meetings (responding to IC, CIO and LP questions, etc.)
- Leverage AVG’s Portfolio Services where appropriate, work to develop relationships and further opportunities with important companies across SCV’s portfolio
- Meet or exceed regular, periodic goals as established through collaboration with AVG’s appropriate functional departments (Community, Office of Investments, Office of the CEO), including:
- Effectively utilizing the resources available via AVG corporate, both human (e.g., Venture Fellows, Interns, HQ functional departments) and operational (e.g., Deal Portal, HubSpot)
- Being an exceptional teammate and partner for the fund, your sister funds, and colleagues
- Adhering to AVG policies and procedures regarding conduct, job performance, information management and administrative functions, communicating appropriately regarding any need for exceptions
- Working directly with the AVG portfolio companies to develop a strong relationship to facilitate future investment opportunities
- In coordination with the Founding Managing Partner, develop investor relations and potential investor outreach as required
- Engage with and support our Fellows, provide mentorship and leverage their time to support fund activities
- Help supervise back-end functions as needed
- Suggest improvements to our approach, process, products, and services
- Be an exceptional teammate and partner for the fund, your sister funds, and fellow colleagues
- Suggest improvements to our approach, process, products, and services to the iTeam Board
- Help supervise back-end functions, as needed
If interested, please apply here.
