XRC Ventures (formerly XRC Labs) is an early stage venture fund for the next generation of disruptors in the retail technology, consumer healthtech and consumer goods sectors. Our investments span the entire end-to-end consumer experience: commerce enablement, nextgen commerce channels, consumer healthtech, sustainable commerce, supply chain & logistics and consumer brands. See all of our portfolio companies here. Our firm runs the XRC Ventures accelerator program and is currently on our 15th cohort, out of our recently launched XRC Fund IX, as well as establishing the Opportunity Fund for follow-on investments and direct investments into equity rounds.
OUR EVOLUTION
XRC Ventures has gone through numerous iterations since our inception solely as the XRC Labs accelerator in 2015. From the onset, we brought together a retail and consumer ecosystem of Wall Street thought leaders, retailers, brands and founders to inform and accelerate the growth of innovative startups. Through those relationships and our over 140 companies invested, XRC Ventures has grown in the number of funds and assets under management (AUM).
We migrated from traditional accelerator sourcing, which is often characterized as ‘spray and pray’ or ‘fund and forget’ to a pre-seed investing model that identifies and delivers the bespoke services needed to ensure that the startups achieve their next round of funding effortlessly.
We are actively investing in experienced talent to grow the fund into our next phase of growth. We have learned many lessons, and our most important is that human capital is the most valuable asset. We are prioritizing excellence and people that can hit the ground running from day one. XRC Ventures is a small team, and we give our employees ownership to enable them to contribute across the organization in a meaningful way.
WHO YOU ARE
A multitasker with high integrity and a high bar for quality, you anticipate questions before they are even asked. You aren’t afraid to ask questions, learn quickly and adapt as needed. You like a fast-paced environment that breeds change and innovation on almost a daily basis. At the same time, you care deeply about producing a quality product, taking the extra step to ensure accuracy.
This is a two-year, pre-MBA role where the expectation, and precedence, is for the Chief of Staff to gain exposure to various aspects of the Venture Capital industry before heading to business school or as a stepping stone to an investment role in another fund.
WHAT THIS ROLE IS
- Strategy – As XRC Ventures continues to grow into new adjacent verticals and geographies, the Chief of Staff will be the trusted adviser to the Managing Director and instrumental in executing on the firm’s expansion plans including:
- Strong FP&A skills to help manage our growth profitably
- Clear PPT presentation skills
- Internal and external communications to our +3,000 community
- Operational support for the XRC team
- Interaction with the XRC Advisory Board and community.
Relationship Building – The XRC Ventures Chief of Staff must be well connected with the growing team in order to influence outcomes. This cross-functional perspective not only helps garner support for the leadership team, but also fosters long-term partnerships that are critical to organizational success.
Expands XRC Ventures Bandwidth and Resources – The Chief of Staff will have the skill and experience to integrate themselves into XRC Ventures quickly and assess issues that serve as barriers to our team operating at maximum effectiveness. As the eyes and ears of the Managing Director, he or she will anticipate organizational needs and leverage our resources to best serve our various stakeholders.
These daily tasks may include:
- Team management
- Meeting preparation
- Strategic lead on high-profile projects
- Interviewing/hiring key personnel.
WHAT THIS ROLE IS NOT
- A stepping stone to a role on the investment team: while you will have visibility and exposure to the investment process, you will not play an active role within the investments process
- A partner-track role: this role will provide incredible access and exposure to the Partners, C-suite executives of large public and private companies, Limited Partners and our vast XRC Network; it is a 2-year commitment that will prepare the Chief of Staff for business school or a stepping stone to venture capital
WHAT YOU WILL DO
The Chief of Staff will assume a broad range of responsibilities, including to:
- Own and lead execution of day-to-day tasks on behalf of the Managing Director.
- Collaborate with the Managing Director to develop forward-thinking strategies for interactions with executives from Wall Street, corporate partnerships, founders and investors.
- Lead internal meetings and project management for cross-functional strategic initiatives
- Serve as Managing Director’s eyes and ears with staff, ensuring staff inquiries are properly, efficiently and judiciously addressed
- Assess external inquiries directed to the Managing Director, determine the proper course of action and delegate to the appropriate individuals.
DAY-TO-DAY RESPONSIBILITIES
Direct Support of the Managing Director
- Developing Internal and External Presentations: Working alongside our Head of Marketing, the Chief of Staff will plan and develop external communications including company newsletters, reports, pitch decks, speeches and PPTs.
- Monitoring information flow: The Chief of Staff will act as a gatekeeper, ensuring the Managing Director’s involvement in a project or decision-making process at the right moment. This includes prioritization, identifying areas that require immediate attention of Managing Director.
- Meeting preparation and follow up: Appropriately preparing for senior meetings, summarizing next steps, and driving action to ensure they take place.
- Strategically managing the Managing Director’s time including providing direction to his assistant and prioritizing long term engagements.
Meeting & Event Preparation
- Managing the meeting cadence of the leadership team, ensuring materials are sent in advance, time is well spent, and objectives are achieved.
- Planning and leading company retreats, stepbacks, and other internal meetings.
Project Management
- Overseeing large, organization-wide projects or initiatives.
- Bring together multiple stakeholders and help drive decisions.
- Researching, benchmarking, analyzing data, and making recommendations.
- Creating systems and processes to streamline operations.
Strategic Planning
- Coordinating XRC Ventures’ annual strategic planning process
- Developing and tracking a set of internal KPI’s. Presenting progress and milestones regularly.
- The Chief of Staff will be expected to suggest ways for XRC to continuously improve how we measure our success.
Financial Analysis
- Developing financial models in excel to depict fund performance and potential to LPs and prospective investors
- Interact and interface with our accounting partner to ensure FP&A activities are executed.
- Translating key financials into visually stunning, presentation-worthy tearsheets
REQUIRED QUALIFICATIONS
- 3-5 years full time work experience
- HIgh preference to structured finance, consulting, PM, or related backgrounds. Ideally, someone that has been part of an Analyst program.
- Expert in financial modeling and fluency in Financial Statement Analysis, required
- Ability to develop clear, yet complex growth models in Excel.
- Strong presentation skills, both in developing powerpoint, and live communication, required
- Ability to capture thoughts and bring them into a coherent set of visual messages
- Track record of effectively interacting with senior management
- Highly organized and detail-oriented.
- Ability to translate ambiguity into discrete action.
- Proactive, action-oriented.
- Ability to work strategically and collaboratively across departments
- Versatile team-player.
- Passion for startups, and the disruptive nature of this industry
EMPLOYMENT TYPE
- Exempt: Salary
- Full Time: 40 hours per week
- Est. Term: 2 years
- Hybrid: 3 days in office, 2 days remote
- Location: NYC based, we are not open to fully remote
COMPENSATION
- $130,000 – $150,000 (dependent on years experience)
APPLICATION PROCESS
Please fill out the application form below. If your interests and background are a good fit for one of the divisions at XRC VENTURES, you will be contacted to proceed with the interview process.
APPLICATION FORM
work-at-xrcventures
