Category: Search Funds

Remote – Permanence Partners – Eldercare Real Estate and Healthcare Entrepreneurship Intern

Permanence Partners – Eldercare Real Estate and Healthcare Entrepreneurship Intern

If you are an entrepreneur at heart but don’t yet know your path to CEO, if you are interested in healthcare and creating a better aging experience, and if you are interested in private equity and real estate development, this internship may be of interest. Permanence Partners is a Search Fund dedicated to buying, building, and operating assisted living and memory care communities that bring meaning and security to the lives of our residents. Permanence Partners was founded in 2019 by Jonathan Schatz, Trinity ’07, Stanford Law School JD ’16, Stanford Graduate School of Business MBA ’16. Permanence Partners is a startup structured as a Search Fund, a special purpose private equity fund, dedicated to a single investment thesis and with the long-term goal of owning and operating one business in the senior housing sector. Permanence Partners will operate in three steps:

  • Identify a market need in senior housing
  • Develop and buy senior housing properties
  • Operate world-class senior housing communities where the stories of our residents’ lives are shared and written every day.

We seek interns who are above all else entrepreneurial. Entrepreneurial means that you have a bias towards action, you want to make an impact in the world, you don’t want to spend your life working for other people, and you are willing to fail if it means you fail in pursuit of your curiosity and your freedom.

This internship will be a deep dive into the dynamics of:

  • Search Fund Entrepreneurship (i.e. entrepreneurship through acquisition)
  • Healthcare – how to keep seniors safe and well, especially in a post-COVID world
  • Real Estate Development

Permanence Partners is a for-profit startup with a deep social mission – to create a better way of aging while building communities that build wealth for our investors and our employees. If you would like to be on the ground floor of this entrepreneurial journey and develop a toolkit to become a CEO in the near future, we look forward to meeting with you. This internship will report directly to the CEO. Please send resumes and cover letters to Jonathan.Schatz@permanencepartners.com. All backgrounds and majors are encouraged to apply. The role is intended for the summer but can be extended if desired.

Online Pitch Event and Accelerator

Pear VC is hosting an online pitch event for East Coast & Midwest student and alumni founders on May 13th and applications to its Accelerator close on May 25th.

Pitch! for East Coast & Midwest students

May 13th 6PM EST. Learn more and RSVP to join.

Pitch your startup idea and get live feedback from VCs at Index Ventures, Defy VC, and Pear. The pitches are 3-minute with no slides. You can also just watch via Zoom if you don’t have an idea to share.

Pear Accelerator S20

Pear VC works hands-on with 15 startups over 13 weeks to build iconic companies. Product & growth mentorship, funding, office space, and a demo day attended by 400+ top VCs. We are conducting rolling interviews. Applications for the Summer 2020 cohort close on May 25th. Learn more and APPLY HERE.

About Pear VC: Pear VC partners with founders from day zero to build category defining companies. Our team has founded 6 companies and we share that experience with the next generation. Pear has been fortunate to partner early with companies now valued at over $40B, including Doordash, Branch, Gusto, and Guardant Health. We have a strong focus on student entrepreneurs. We partnered with 49% of our portfolio companies when the founders were students or recent graduates.

Remote – Simple Ventures – Venture Capital

About

Simple Ventures is a pre-seed and seed-stage venture capital fund aiming to make venture capital financing and mentorship more accessible to student entrepreneurs. Operating at 15+ universities nationwide, the fund will be deploying $1.2+ million from its funding partner, GoAhead Ventures.

Apply

Startups at any stage of development are welcome to apply for funding and access to a team of incredible industry mentors. For more information, go to www.simpleventures.vc 

Berlin – Global Founders Capital – Investment Intern

We currently have open positions for deep tech and generalist investment interns in our early stage investment team in our Berlin Headquarter and were interested to learn if any of your members might be interested in applying. Alternatively, we also have various functional positions available within our portfolio companies including roles in Software Engineering, Data Science, Sales, Marketing, Ops, HR and more. This is an opportunity in a fast-paced working environment which will support you in advancing your career and gaining incredible insights into the global start-up ecosystem and VC deal flow.

Venture Capital – Investment Intern

Job description

We are looking for people with a strong track record and great ambition to intern in our early stage venture capital team in Berlin. GFC is a $1BN+ globally oriented, stage agnostic fund that empowers gifted entrepreneurs. Managed from 8 offices worldwide we are a fund ‘by entrepreneurs for entrepreneurs’ with a history of success backing billion-dollar companies such as Facebook, Revolut, Slack, Eventbrite, Away, Canva, Linkedin and many more.

Amongst many exciting challenges, you will:

  • Advance your career with lots of responsibility in a fast-paced working environment.
  • Gain incredible insights into the global start-up ecosystem and VC deal flow.
  • Develop and implement new ideas (processes, knowledge centers, etc).
  • Experience significant personal and professional growth.
  • Work in a flat hierarchy closely with our partners and investment managers.

Some of your responsibilities:

  • Screening & searching for new investment targets
  • Performing industry/landscape/technology evaluations
  • Conducting market sizing and competitor research
  • Building financial models and stress testing unit economics
  • Executing due diligences (expert calls, KPC analysis, etc.)
  • Participating in founder calls & meetings

Requirements

  • Outstanding academic track record from a leading institution.
  • Strong track record of practical experience at Tier1 employers (Consulting, M&A, PE, BigTech) or in the venture ecosystem (responsible position in startup or VC fund).
  • Excellent analytical and communication skills and a clear hands-on mentality.
  • Knowledge & passion for emerging technologies as well as an innate business model understanding.
  • You feature an unparalleled willingness to drive new topics whatever it takes.

Reach out to luca@globalfounderscapital.com with any questions, and apply here: https://ri.recruitee.com/o/venture-capital-investment-intern

Bay Area – Maven Ventures – Summer Associate (MBA or Graduate Student)

Firm: Maven Ventures

Position: Summer Associate

Status: Full time during a 8-10 week summer program, plus some availability to wrap up projects in a part-time capacity through the middle of first academic term

Compensation: $5,000/month or $1,200/week

Start Date: Flexible based on applicant’s academic calendar

Location: Split time between San Francisco and Palo Alto

The Team

Maven Ventures is the leading VC firm investing in seed-stage consumer software companies led by exceptional founders with a “vision worth fighting for” in billion-dollar markets. Our team identifies future consumer trends that will make a difference and improve the way millions of people communicate and live. We’ve already seen our investment predictions come to life in areas like self-driving cars, the proliferation of mobile, video communication, the future of retail, and digital health. Notable investments include: Cruise (acquired by GM), Zoom ($1B valuation), and Chariot (acquired by Ford). As we only make 5 new startup investments each year, we focus on each one, rolling up our sleeves to teach founding teams how to achieve product/market fit, hone their consumer messaging, reach millions of customers with viral marketing, and set them up for success. This investment strategy has produced top-tier returns, with a 1.8X DPI for Maven Fund I (2013) and a 1.6X TVPI for Maven Fund II (2016). The Maven team includes Jim Scheinman (Founding Managing Partner), Sara Deshpande (Partner), and Alexa Binns (Senior Associate).

The Role

We are seeking a versatile, driven, and detail-oriented Summer Associate to join our small, high-performing team. There are always new and exciting challenges generated by the daily roller coaster ride of Silicon Valley startups and their investors, and we need someone who can adapt to this ebb and flow and not be limited by the job description. Key elements of the role include:

  • Sourcing

    • Building a list of startups and founders that fit the Maven Ventures investment thesis. Review our Angellist applications and qualify the best applicants.

    • Network with other VC summer associates, interns, recent grads, and startup founders. Be the Maven representative at events and conferences for your university, helping the team connect with entrepreneurs and future venture leaders in your network and in the Bay Area over the summer.

    • Support investment execution by drafting investment memos, participating in founder pitch meetings, and doing diligence and research. Strengthen the Maven investment theses in focus areas through market research and analysis.

  • Portfolio

    • Establish the onboarding process for new investments. Produce a checklist covering the documents and questions to be covered in the onboarding process for new portfolio companies. Formalize the Maven Startup Kit with the resources and best practices the team recommends for new founders.

  • Marketing

    • Strengthen and expand the Maven Ventures Blog: ghostwrite two or more thought pieces on behalf of the partners, revise/update/strengthen partners’ thought pieces already published, and form a strategy for additional distribution and readership.

    • Coordinate speaking opportunities for firm partners’ to broaden the strength of the Maven brand at incubators, conferences, and events.

  • Events

    • Host one to two Maven-branded events for the Maven Community and portfolio companies with relevant sponsor partners (TriNet, Airtable, Carta, Salesforce Essentials) including but not limited to office hours, lunch-and-learns, happy hours, and other social and networking events

    • Support Maven’s annual Hypergrowth Retreat, the premier event for consumer startups seeking to achieve hypergrowth. This could include content curation, ticket sales, and day of problem solving.

More About The Ideal Candidate

The Maven team is small, nimble, and always willing to pitch in and do what it takes to succeed across all levels of the organization. We are looking for someone who will fit into a can-do team environment and encapsulates the following Maven core values and characteristics we require from all team members:

  • Collaborative – We are not political. We are willing to share praise, and be honest and transparent with each other.

  • No jerks – We are happy, positive, and fun to work with.

  • Accountable – We are high-performing, get stuff done, and value attention to detail.

  • Curious – We are always willing to learn. We are knowledgeable and strive to be experts in our field.

  • Self-starters – We take initiative, work autonomously, and are resourceful.

You might be right for this role if:

  • You are currently enrolled in a top MBA, Masters in CS/Design/Statistics, or other relevant program

  • You have 3+ years of prior experience in the technology, investing, or investment advisory fields

  • You relish in the fact that job descriptions (this one included) are just a guideline; on our small, nimble team various unforeseen needs arise and you’re ready and excited to tackle them

  • You are eager to solve ambiguous analytical problems and are intellectually fascinated with discussing social trends from a business perspective

  • You communicate clearly and feel comfortable discussing processes that you may not have prior experience working on (legal, finance, accounting)

  • You enjoy networking and maintaining relationships with external contacts

  • You can run a project successfully by managing a tight timeline, strict budget, and sundry vendors without letting any details slip through the cracks

  • You can juggle many tasks at the same time and prioritization is second nature

  • You can work independently and are a self starter

  • Your professional writing skills are top-notch and you can skillfully craft clear, concise business communications

To Apply

To apply, you’ll need to please fill out this brief application and send your resume with Summer Associate in the subject line to Alexa Binns alexa@mavenventures.com. Applications are due by 11:59pm PST on Sunday, April 21. Qualified candidates will be interviewed on a rolling basis so submit your application asap.

SF Bay Area or LA – Powerplant Ventures – Associate (MBA only)

Overview:

Powerplant Ventures is a growth equity fund investing in emerging consumer food & beverage, foodservice and food-tech companies. We provide capital, strategic guidance, and operating expertise to visionary entrepreneurs building businesses that are transforming how food is manufactured, distributed and consumed. Our mission is to re-architect our global food system by advancing world changing companies that deliver better nutrition in more sustainable and ethical ways.

In 2015, we raised $42MM for PPV Fund I and have 15 current portfolio companies. Within the consumer packaged food & beverage sector, we have made investments in breakout brands such as Beyond Meat, Ripple Foods, and REBBL Beverages. We have also backed several innovative tech-enabled foodservice companies such as Farmers Fridge and Oh My Greens. And last, within our tech vertical, we are invested in world changing companies such as Apeel Sciences and Thrive Market.

With Fund I fully deployed and showing early success, we have currently raised $100MM for PPV Fund II, and anticipate raising $150MM to close out the fund.

Investment Strategy:

PPV Fund II is looking to make 10-12 investments in companies generating sales between $2-$20MM and looking to raise Series A/B rounds. Ideally, we are the lead or co-lead investor writing a first check between $4-$8MM and supporting our companies in subsequent rounds up to $15MM in each portfolio company.

Opportunity:

Position: Sr. Associate
Location: San Francisco Bay Area (Mill Valley) or LA (Hermosa Beach) Start Date: TBD

Description

PPV seeks an Associate to join its four Managing Partners. As a firm, we have identified 6 broad functions that serve as value drivers to ensure success of our fund: (1) LP Management, (2) Deal Sourcing, (3) Diligence and Deal Structuring, (4) Portfolio Company Operations, (5) Deal Realization, and (6) GP Management. The successful candidate will support the firm in all aspects of our business, but key focus areas will be: (1) Deal Sourcing (2) Investment Diligence and Deal Structuring and (3) Portfolio Company value-add operations/guidance/analysis.

Specific responsibilities include:

  • Working with the Senior Partners to develop and research investment theses. Examples of work include deep industry and category reports and sector mapping projects.
  • Attending industry conferences and developing relationships with companies and intermediaries (e.g., bankers, industry players, consultants) to source investments.
  • Take an active and hands-on role with the review, analysis and modeling of prospective investment opportunities
  • Assisting in deal diligence and deal execution (including market, customer and competitive analysis; financial modeling; and, deal structuring)
  • Working with portfolio companies and supporting Senior Partners as necessary for board level work and strategic operations.

Qualifications

The successful candidate will ideally have at least 3 years of work experience in VC or Private Equity with a focus on the consumer sector, specifically consumer food & beverage. Investment Banking, Equity Research or CEO/CFO backgrounds also viewed favorably. The candidate will have demonstrated an ability to source, review, model and perform due diligence on prospective investments. This person will have superior analytical skills (required expertise in modeling earnings, building cap tables and waterfall models), excellent writing and research skills, as well as a comprehensive understanding of accounting and finance principles. It is important that the person have both the willingness and capability to assist in the investment process at every stage, including all analytics and screening of potential investments, in addition to sourcing.

The successful candidate’s prior experience will include increasing responsibilities with external constituents, such that he/she will have experience interacting with portfolio company management teams,negotiating,marketing,andperformingexternalduediligence. Thepersonwillhaveoutstanding interpersonal skills and the charisma, presence and maturity to establish credibility and inspire confidence both inside and outside the firm. Ideally the candidate will also have an established, growing and active professional network in the industry.

The candidate is expected to have an exceptional work ethic and a background evidencing a high level of achievement. He/she must be energetic and highly motivated in addition to being comfortable in a small firm environment. Furthermore, he or she must be committed to a healthy lifestyle consistent with Powerplant’s mission and values. The candidate must be a self-starter with a positive, “can do” attitude as no task should be too big or too small for him/her. The candidate should be able to discharge his/her responsibilities with minimal supervision or oversight while maintaining a sense of urgency. This person should be detail-oriented with superior communication and organization skills and have the ability to effectively manage large quantities of information and multiple projects.

Please email a copy of your CV and cover letter to dgluck@powerplantvc.com. In the subject title, please type “Sr. Associate Applicant”