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Acumen America is seeking to add leadership to its health team and is open to candidates at a range of different levels of experience, from VP up to Partner.
Acumen America
Acumen America is the leading early-stage investor backing innovative solutions to poverty. Its mission is to change the way the world tackles poverty by investing in underestimated entrepreneurs building breakthrough companies with the potential to shift systems of poverty in the United States.
Acumen America sees opportunities where others don’t, invests early in game-changing businesses, and supports underestimated entrepreneurs advancing health and economic justice. As one of the nation’s only philanthropically capitalized venture investors, since 2015, Acumen America has invested in 39 companies reaching over 85M low-income Americans.
We believe in the power of a diverse portfolio, and 56% of our companies have a founder of color and 44% have a female founder. The team is responsible for finding, vetting, structuring and managing investments in companies that serve low-income Americans in our three portfolio sectors: financial inclusion, workforce development, and health.
Accountabilities
Acumen America is seeking to add leadership to its health team and is open to candidates at a range of different levels of experience, from VP up to Partner.
The Partner/VP/Principal, Health will be joining a team catalyzing the power of entrepreneurs to drive meaningful change on problems of poverty in America. In particular, they will focus on building a portfolio of game-changing health companies.
Acumen is seeking a leader with significant experience in investing and a commitment to both tackling poverty and building a diverse portfolio of health organizations whose leadership team better-represent the communities and populations they serve (56% of Acumen America’s companies have a founder of color and 44% have a female founder.) Specific accountabilities will vary by level but below is an overview.
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Play a leadership role on the investing team at Acumen America and focus specifically on Acumen America’s health portfolio. This will involve setting goals, honing process, refining strategy, and assessing portfolio performance.
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With a focus on health they will:
- Source new Pre-Seed and Seed stage investments, lead due diligence processes, structure deal terms, and drive new investments to closing.
- Manage certain relationships post-closing, including sitting on a small number of Boards, both as an Observer and a Director over time.
- Manage certain other Acumen America team members.
- Play a leading role in setting sector strategy, support fundraising, and advance strategic partnership initiatives.
- Contribute to actively building and cultivating Acumen America’s networks in the venture and impact investing communities, as well as the healthcare payer, provider and policy communities
- Develop insight and communications pieces for external audiences.
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Engage in the Medicaid Innovation Collaborative program operated by Acumen America. In this program, state Medicaid agencies and managed care organizations come together to advance the adoption of tech-enabled health equity innovations.
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Work with Acumen America Partners, in the design, execution, and scale of this high-impact program as it advances change across the Medicaid ecosystem and supports the success of companies in the health portfolio.
Early-Stage Venture Investing:
- Identify, cultivate, and review a pipeline of early-stage investment opportunities providing critical services to low-income Americans
- Conduct thorough due diligence and investment analysis, including financial modeling, valuation review and structuring
- Prepare and present detailed and compelling investment documentation for Acumen America’s Investment Committee
Portfolio Management
- Own relationships with certain portfolio companies, tracking performance and providing active support
- Assess portfolio company needs related to post investment support; design and implement post-investment management interventions
- Design and evaluate key metrics to measure the social and financial returns on investments
- Develop long-term relationships with external stakeholders including funders, advisors, thought leaders, sector and functional experts to provide support across the portfolio
- Play a key role in portfolio company governance, including serving as a Board Observer and Board Director for select investees
Portfolio Operations
- Manages elect portfolio team members as direct reports
- Lead strategic initiatives to improve health sector investment thesis and strategy
- Work with the Acumen America team to analyze and document data-driven rationales for portfolio decisions; to extract and document investment-specific and general insights; to analyze metrics data to identify patterns; and to channel that data to outputs for marketing and fundraising efforts
- Produce discrete knowledge and research materials based on lessons from Acumen’s portfolio
Program Management
- Develop and implement strategic plans to advance the mission and goals of the Medicaid Innovation Collaborative
- Oversee the execution of key programmatic milestones including working with State Medicaid departments, managed care organizations and health tech companies to advance health equity goals
- Manage relationships with key partners including states, managed care organizations and vendors
- Develop and implement strategic approaches to support portfolio company needs
Skills and Qualifications
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A deep commitment to mission, impact and the power of building a diverse portfolio by investing in underestimated founders
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Significant experience in venture capital, private equity, investment banking, investment management, or relevant non-finance fields, including experience with financial and operational due diligence of early-stage businesses
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Deep sector experience in health tech and/or Medicaid, as an investor or investor/operator
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Superior financial and business analysis skills, as demonstrated by prior experience
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Excellent written and oral communication skills; ability to present arguments and analysis in a clear and succinct manner to Acumen management, partners, investees.
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Strong ability to take initiative with research and analysis and produce valuable results in conditions of uncertainty.
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Solid operational skills including problem solving and project management skills, including ability to work deliver projects independently ability to work and deliver projects independently, proactively, and under pressure.
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Familiarity with the social enterprise and impact investing sectors
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An ability to establish relationships with CEO and add value to the endeavor
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Self-reflective and aligned with Acumen values
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Must be permanently authorized to work in the U.S.
Apply early as applications will be reviewed and interviews scheduled on a rolling basis.
