Senior Associate Opportunity with Alumni Ventures Group: Castor Ventures
Castor Ventures is a part of Alumni Ventures Group (AVG), a fast-growing, 80-person organization that builds and manages alumni and focused venture capital funds. Our corporate headquarters, located in Manchester, NH, provides back-office support and other resources to our funds across the country. On an annual basis, these funds raise money from accredited investors to invest in venture and other alternative assets. AVG has successfully launched 20+ funds over the past four years and is looking to launch another dozen or so funds over the next few years. We are private, for profit, and not part of any school.
As Castor Ventures Ventures, the only fund of its kind for MIT alumni continues to grow, we are looking to further expand our investing capacity. To that end, we're seeking an experienced, full-time Senior Associate who will source, evaluate, conduct due diligence and execute venture investments for Castor Ventures and AVG. A newly created position, the Senior Associate will successfully initiate, grow and leverage relationships with entrepreneurs to help further develop Castor’s portfolio.
As Senior Associate, you’ll be joining a fast-paced, professional, and entrepreneurial organization where you'll have input into the creation of a unique, diversified, fast-growing portfolio and the opportunity to work with Castor’s exceptional investment team and committee. You will be leveraging a well-vetted playbook, back office support, and processes created by Alumni Ventures Group as the parent company to Castor Ventures to help in executing your role. You will report to the Managing Partner and will work closely with Castor Venture’s Partner on all things investing.
This is a full-time position based in our Boston, Post Office Square office. You will be a salaried employee of AVG with a comprehensive and competitive benefits package.
- Must be an MIT graduate
- Venture Capital or direct investing experience is a plus
- 3-4 years of experience in venture capital, private equity, finance, or a leadership/business development role in an entrepreneurial organization.
- Experience working simultaneously on multiple projects and managing a high-volume of investment opportunities and entrepreneur relationships
Requirements for an ideal candidate
- Desire to build a career in venture investing
- Has been part of a successful small team or start-up organization and/or has led new projects or built initiatives from the ground up
- Communication skills:
- leverages a direct communication style to raise questions and name concerns early
- professional in written and verbal communication
- is able to engage a mature business audience
- Ability to quickly comprehend, evaluate and critique a venture’s business model, market opportunity and team
- Awareness of the venture capital community including leading investment funds and partners, historical successes and failures
- Strong analytical and financial analysis skills
- Demonstrated interest and experience in emerging companies, and experience in company research and due diligence preparation
- Curious and eager to learn, willing to take on new responsibilities at all levels with enthusiasm
- Experience successfully managing multiple, complex projects at the same time
- Good networker, with an ability to help grow our system and process for identifying investment opportunities
- Highly organized and detail-oriented, balanced by the ability to get and communicate the big picture
- Self-starter and independent, but a good team player
- Smart, creative thinker and problem-solver, fast learner, with demonstrated initiative
- Database management and strong technical and social media experience a big plus
- Network with MIT alums in the venture community
- Participate in the identification of deal sourcing targets (typically Series A, B or later stage)
- Support construction and evaluation of fund portfolio:
- Conduct outreach to VCs, entrepreneurs, incubators, and more to help fill our deal pipeline with prospects:
- Educate deal sources and companies/entrepreneurs about our process and effectively manage relationships in a professional, courteous manner
- Evaluate ~25 companies per week resulting in deep-dives on 3-5 per month and investment into ~25 per year to create a balanced portfolio across industry/sector, stage and geography
- Research and evaluate each company and industry as a potential investment, including interviewing company teams, competitors, and customers
- Work closely with sibling funds to identify mutual interesting investment opportunities
- Manage deal flow and related database inputs
- Develop and maintain proprietary deal and market intelligence
- Recruit, train, and manage interns/fellows to help support the fund
- Orchestrate and execute Investment Committee meetings
- Prep and distribute due diligence packages for the Investment Committee (IC) and Alumni Venture Group sibling funds to review
- Present companies and respond to Managing Partner and LP questions
- As requested, assist with investor relations and potential investor outreach
- Help supervise back-end functions as needed
- Contribute positively to AVG's culture
Alumni Ventures Group (AVGfunds.com), is a dynamic, rapidly growing organization that builds and manages alumni venture capital. We pride ourselves on making a key asset class accessible to investors who were previously shut out of venture capital—and our rapid growth attests that we are addressing a real pain point for alumni investors. Our Manchester, NH, headquarters provides back office support (e.g., IT, HR, Finance, Marketing, etc.) and other shared resources to all our funds, located throughout the country. Unlike most VC funds that raise money from a handful of institutions, our funds raise money in smaller amounts from a large group of alumni. Our deal teams then invest in a diverse portfolio of rapidly growing private companies connected to alumni entrepreneurs of the same school. We don’t lead deals, but rather co-invest alongside top firms such as Sequoia, Andreessen Horowitz, Accel, Benchmark, Google Ventures, Bessemer, NEA, and others. We are private, for profit, and not part of any school.