Position Overview:

The Techstars CFO will be the strategic, creative finance business partner to the CEO and the full Techstars leadership team in managing and growing the business. They will develop and execute Techstars’ capital markets strategy as well as manage financial relationships with all of Techstars’ investors, partners, portfolio companies / entrepreneurs and other external parties. The CFO will build and oversee a world class finance function / team to support Techstars profitable growth.

In bringing a strong understanding of capital markets and financial models, the CFO will proactively serve as a key business partner to the CEO in developing and expanding Techstars’ ecosystem. Ideally, the CFO will have a strong mix of technical, operational, strategic, and commercial finance skills and experiences, preferably in a similar high growth, investment-oriented business. They will help build Techstars into a financial powerhouse, disrupting Venture Capital by creating a new type of investment vehicle in technology.

Key Responsibilities:

  • Partner with the CEO and rest of the leadership team to develop and execute the firm’s growth and diversification strategy that will be transformative in the early-stage technology investment world. Build out investing and financing structures to maximize Techstars’ growing portfolio of investments and partnerships.
  • Build and continuously develop a best-in-class finance function. Be responsible for all aspects of the day-to-day financial operations, including accounting, controls, treasury, tax, investor relations, financial planning & analysis, decision support, and reporting (both management and regulatory).
  • In addition to day-to-day financial operations, be responsible for preparing the organization to meet its financial goals over the coming years, including (but not limited to) reallocation of capital based on the organization’s needs and developing / managing strategic plans and the annual budget.
  • Oversee Techstars corporate development and M&A initiatives, along all capital markets activities. Work closely with Techstars’ bankers and other advisors to structure, negotiate and balance finance and corporate transactions that benefit the company’s short term and long-term performance and growth.
  • Manage relationships with key external constituencies and service providers, including auditors, banks, investment banks and other business partners and financial advisors.
  • Lead the preparation of financial reports, analysis and plans for Techstars and investors. Manage all investor and regulatory reporting, federal & state tax returns and non-US reporting.
  • Oversee the creation of financial management tools related to performance; manage reports, information, analytics, and performance dashboards that enable Techstars leadership to plan and manage the business and to track progress, trends, opportunities, and risks.
  • Proactively provide information, analysis and recommendations to the CEO and others that help optimize business performance in changing market conditions.
  • Provide leadership, support and valuable information to current and prospective investors and provide timely information, service, and transactional support to future limited partners.
  • Serve as a key liaison with the Techstars Board.
  • Treasury responsibilities include balance sheet management, cash management, company financings, and anticipating reporting needed by the executive team to think through efficient sources and types of funding.
  • Manage Techstars’ tax related matters including planning and compliance responsibilities, working closely with outside tax advisors and internal resources.
  • Coordinate closely with Techstars’ legal, compliance, and other management functions.
  • Provide regular and ad hoc communications, reporting and analysis to Techstars management. Develop confidence and credibility with peers, subordinates, and superiors through transparency and value-added information.
  • Attract, develop, motivate, and retain high performing finance talent. Instill a culture that emphasizes accountability, efficiency, and transparency while working in a collegial and collaborative way across the company.

Experience/Qualifications:

The successful Techstars CFO candidate will exhibit exceptional capital markets, financial analysis, business acumen (ideally in related early-stage investments), operation & regulatory finance and collaborative / transparent leadership. They will be self-directed and able to lead transformational initiatives as required for Techstars’s go-forward strategy. It is important for the Techstars CFO to be a global leader, who is comfortable operating across regions, cultures, time zones, and regulatory environments.

Professional Experience:

  • 15+ years of relevant CFO / finance experience, which includes a strong foundation in capital markets / investment banking, strategic finance (Investment Management / M&A / Corporate Development) and operational financial management. They should demonstrate impressive academic accomplishments and career progression into financial leadership roles, ideally in related technology or other alternative investment businesses.
  • Must have broad, diversified global business experience in investment management and/or other sophisticated financial services business across regions, time zones, regulatory environments, and cultures.
  • Broad exposure to all fundamental financial and accounting disciplines including general accounting, audit, reporting, financial operations, FP&A, budgeting, information systems, taxation, treasury, insurance, credit, regulatory reporting, compliance, and risk management.
  • Experience leading technology solutions implementations in support of finance and broader business needs.
  • Experience in presenting to investors, Boards, regulators, auditors, and other critical internal and external constituencies.
  • Must demonstrate exceptional financial, quantitative, and analytical capacity and agility across a range of financial and business disciplines. They must demonstrate the ability to evaluate and recommend a wide range of financial structures and transactions, and advise the CEO and Board on opportunities and risks. The ability to synthesize and communicate complex financial concepts and transactions is important.
  • Demonstrated effectiveness in a rapidly growing, dynamic enterprise with both strategic and hands-on responsibilities. Must stay close to the details and also be effective at contributing at very strategic levels. Strong organizational leader with a track record of building high performance, continuous improvement teams and collaborative culture.

Personal / Leadership Attributes:

  • Demonstrates strong verbal and written communication skills. S/he presents complex information, analysis, recommendations, and ideas – clearly and concisely.
  • Brings confidence, transparency and executive presence to interface with the key constituents of the firm including investors, Board, partners, service providers and others.
  • Thinks about issues and develops solutions that holistically take the context of the firm’s performance, organization, and mission into account.
  • Takes ownership for a broad range of responsibilities. Combines leadership and a “hands-on” approach to meeting objectives. Smart, agile, and resilient. Ability to effectively prioritize competing objectives and urgent deadlines.
  • Ensures quality by demonstrating a strong attention to detail. Commits to implementing best practices and continuous improvement. 
  • Cooperates / teams with management, colleagues, investors, mentors and third parties. Demonstrates a healthy balance of confidence, self-awareness, and humility. An active, receptive listener, who seeks better solutions for the business and team.
  • Maintains the highest level of integrity, transparency, and personal trust. Understands the critical importance of confidentiality and discretion.

Education:

Strong academic background, including bachelor’s degree, ideally in finance (or related discipline). MBA and / or CFA is strongly preferred.

Compensation range: $300,000 - $350,000 + Competitive Bonus + Equity

US Benefits

About Techstars

Techstars is the worldwide network that helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas - entrepreneurs create a better future for everyone, collaboration drives innovation and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations and cities to help build thriving startup communities. Techstars has invested in more than 2,300 companies with a combined market cap of more than $29B. 

Techstars’ mission is to help entrepreneurs succeed wherever they are in the world and whatever their background is. Regional accelerator programs all around the world are the cornerstone of the strategy. The investment approach is fundamentally driven by the worldwide network of managing directors, who interact with startup founders daily, guiding, mentoring and cultivating them along the journey. The scale of this reach results in a diversified strategy that provides investors with a uniquely qualified deal flow.

We help Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies.

www.techstars.com

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