Job Description
About TurningIdeas Ventures
We are a startup studio working on multiple startup Ideas and experience and invest in startup ventures in form of sweat through team of experienced professionals. Check out more details at www.turningideas.com
We believe that technology drives innovation and innovation creates the future. We are enthusiastic about disruptive trends led by technology that are shaping the way businesses and customers consume products and services and interact with each other.
We extend our partnership not with capital but a commitment to build exceptional companies. Leveraging our core strengths, we actively co-build and add value to our portfolio companies through but not limited to developing growth strategies,co-building products and helping scale in markets.
About the Job
This is Venture Partner role with no fixed salary and will be compensated in form of Equity or revenue sharing
Job profile
- TurningIdeas Ventures is looking for an Venture Partner who will be responsible for sourcing, executing, and closing on promising startup Ideas to build a portfolio
- The person will identify investment opportunities as well as provide operational support to the portfolio companies
Market Research
- Identify the trends in technology sector and build a steady pipeline of new prospects basis the investment thesis
- Identify any new investment opportunities based on market and competitor analysis
Prospects Building
- Source new early stage investments, including meeting founders and entrepreneurs
- Source investment opportunities, both directly and through a network of contacts at universities, VCs, incubators, accelerators, etc.
- Represent the fund at events and conferences
Analysis & Investment Execution
- Understand the business and industry in detail and prepare financial model, conduct valuation analysis and prepare other deal documents of the company
- Conduct a product analysis, understand the product and technology development capabilities of the company, ability to execute on the product roadmap and future competitive edge.
- Perform diligence on potential investments to validate the business opportunity for financial returns
- Evaluate long and short term fund requirements of companies
- Analyze financial ratios to understand the financial health of the company
- Coordinate the DD and deal execution process
Investment Management & Reporting
- Actively involved in monitoring portfolio companies including financial and operating performance, strategic value-add in steering portfolio companies, preparation of periodic reports and implementing exit strategies
- Nurture new and existing portfolio companies, including facilitating contacts for the companies
- Develop and deliver periodic reports for portfolio review of the fund
Fund management
- Oversee and be responsible for certain accounts, finance and compliance functions of the fund
Educational Background and Work Experience
- MBA with preferred specialization in finance / strategic management
- 2-3 years of post-MBA experience either in consulting organizations like BCG, Bain, Mckinsey or in areas like product management & strategy at a tech startups
Competencies
- Business perspective / acumen
- Drive to find and invest in exceptional businesses and working with them to create large companies
- Strong understanding of financial statements
- Ownership & drive for results
- Customer focus
- Excellent writing and presentation skills
- Effective & open communication
- Strong excel and financial modeling skills
Key Success Factors
- Skilled performer with strong research, problem solving, and time management skills along with the ability to multi task.