At Prudence, we are committed to finding and investing in the next generation of iconic technology companies transforming the built world. We are looking to add a new Associate to our investment team in New York City. If you are passionate about industry-changing technologies, start-ups and innovation, are intellectually curious and enjoy cultivating relationships with business-builders and founders, we would love to meet you.
What do we look for in an Associate?
We would love to work with anyone who has a demonstrated passion for industry-changing technologies and a collaborative, self-motivated and inquisitive attitude. Additionally, there are a few specific things we tend to prioritize:
- A few years of skill building: Around 1–3 years of relevant work experience, such as in investment banking, consulting, investing.
- Intellectual curiosity: At Prudence, we take a fundamentals-first approach to our investing philosophy, and a lot of great ideas are born out of our team discussions, market research, conversations with founders and industry experts and experiences in your everyday life. An inquisitive nature and a passion for innovation makes this job very fun.
- Enthusiastic about technology: We are investing in technology companies that have reached their moment of breakout growth, driven by continually advancing and evolving technical capabilities. We want you to bring your point of view on and a genuine interest in the exciting world of technology and its ability to continue transforming the global built world.
- Self-starter attitude: We are a small and nimble team and we tremendously enjoy co-creating our firm’s path together. We are looking for an Associate who has an entrepreneurial streak and is excited to have autonomy, creativity and self-motivation at the core of his/her work.
- Humble, yet motivated relationship builder: Our team at Prudence prioritizes authenticity and humility in everything we do, from investing to our internal interactions to everything else in between. We are seeking a collaborative, low-ego team member who is excited to build long-term relationships with our team, our founders, our limited partners and the diverse built world tech community.
How you will spend your time:
Evaluating Companies and Running Investment Due Diligence
- We are different than many venture capital firms in that we are highly concentrated investors who apply a growth equity-like methodology to the early stages to identify companies at their moment of breakout growth.
- This means we evaluate companies in a very detailed manner and can deeply understand their business models and market opportunities to give us a very high degree of conviction that we are investing in winners. Prudence investments have a product that is built and in the market, enabling us to measure 1.) engagement, retention and repeat usage of that product and 2.) the breadth and depth of marketing channels in order to get an early sense for unit economics and of how the company will use our capital to scale. You’ll be leading these efforts to determine if you’d recommend an investment in a potential Prudence portfolio company.
- You will develop a thoughtful point of view through market research, speaking with experts across sectors and industries, performing TAM analyses, analyzing financial statements, speaking with customers and mapping out competitive landscapes. Once you’ve decided on a recommendation, you’ll present your findings and recommendation to Prudence’s Investment Committee.
Sourcing New Investment Opportunities
- At Prudence, we view deal sourcing as one of the key pillars of our investment activity, alongside underwriting and portfolio management, and we can only successfully generate strong returns for our investors if we find the best investment opportunities. A critical part of what we do is finding great new companies to invest in and help catalyze their moment of breakout growth.
- As such, you will be encouraged to spend a portion of your time focused on sourcing new investment opportunities and open our funnel to as many channels as possible. These channels include both proactive, outbound sourcing efforts (reaching out to interesting founders, attending conferences, tracking relevant deals, market mapping) as well as responding and evaluating inbound leads from trusted partners (LPs, founders, seed funds).
- We are a global firm, so your sourcing efforts will not just be restricted to the U.S. — we will encourage you to expand your network and reach out across country boundaries to have a truly international footprint.
Supporting Prudence’s Portfolio Companies and Founders
- As our companies scale and as we continue to make new investments, you will be actively involved with supporting our founders and companies in their ongoing operations, strategy plans and growth initiatives. You will be called on as a trusted advisor to assist CEOs and founders as they prepare for board meetings. You will be asked to create value for portfolio companies’ business development initiatives by facilitating introductions and commercial partnerships between Prudence’s investments and corporate LPs. You will also support the portfolio companies that are raising additional capital by introducing them to new investors and underwriting Prudence’s participation in follow-on rounds.
- Internally, you will also help drive Prudence’s tracking of portfolio performance by collecting and analyzing quarterly financial information and preparing summary materials for Investment Committee and our LPs.
If all the above excites and intrigues you, we welcome you to apply. Please send your resume to Melissa Landry Koller at melissa@prudence.vc to discuss next steps.
About Prudence:
Founded in 2009 Prudence is an early-stage venture capital firm investing in technology companies leading the global transformation of the built world. The firm invests across multiple verticals, including construction, real estate, infrastructure, and climate/energy adaptation. Prudence is an early investor in companies such as Prudence is an early investor in companies such as AI Clearing, CASAFARI, Compass (NYSE: COMP), CREXi, Evernest, Hemlane, Maxwell, Morty, Propexo, Salus, Sundae, and VendorPM.
For more information on Prudence, please visit prudence.vc.
