WHO WE ARE
XRC Ventures is an early stage venture fund for the next generation of disruptors in the retail technology, consumer health and consumer goods sectors. Our investments span the entire end to end consumer experience: supply chain, store tech, online tech, analytics, consumer brands, and martech/adtech. We recently launched XRC Fund IX, are on our 15th cohort, and also established an Opportunity Fund for follow-on investments.
OUR EVOLUTION
XRC Ventures has gone through numerous iterations since our inception solely as the XRC Labs accelerator in 2015. From the onset, we have brought together a retail and consumer ecosystem of thought leaders on Wall Street, Retailers, Brands and founders to inform and accelerate the growth of innovative startups. Through those relationships and our over 135 companies invested, XRC Ventures has grown in the number of funds and AUM.
We have migrated from a 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
You would describe yourself as a “deal hound,” eager to see every exciting deal within mandate and have an insatiable desire to connect with founders and other members of the early stage venture ecosystem. You pride yourself on your deal coverage, and are seeking a role where you can increase velocity through pre-seed investing.
Ready to activate your early stage deal flow from day one? Like to roll up your sleeves and work closely with founders? This is the role for you.
We are looking for experienced candidates with prior early stage investing experience in order to “own” the investment process in the Pre-Seed Accelerator Fund. This person will source, advise and support fundraising efforts of portfolio company founders with their deep network within the early stage founder and VC community. Note: the investment scope for this fund is primarily consumer tech and enterprise Saas companies within Retail, Consumer and Consumer Healthcare (vs. consumer products).
WHAT YOU WILL DO
- Drive the XRC Pre-Seed sourcing, diligence, and selection process
- Define and lead on-cycle and off-cycle investment process including weekly sourcing meeting, inbound application process, on-cycle evaluation team, terms negotiation, and on-boarding handover
- Develop outbound sourcing channels through established relationships with VCs and angel groups, universities, international organizations, conferences and events, and other community partners
- Diligence and evaluate potential investments by conducting market research, competitive analysis, financial model review, and leveraging our XRC expert network
- Maintain deal flow database and proactively develop process improvements
- Utilize XRC’s partnership expertise to collaborate on investment theses
- Conduct deep dive research and market maps on thematic topics of interest
- Prepare investment memos and present in Investment Committee meetings to Partners
- Support existing XRC portfolio companies
- Maintain relationships and provide updates on investments made
- Assist XRC portfolio companies with ongoing needs including business development, financial modeling, operational strategy, and especially with investor introductions*
- Develop relationships with Seed and Series A investors to aid startups with fundraising
- Own XRC investor database to support a fundraising matching process
- Work cross functionally to understand XRC Corporate Partner relationships in order to understand key challenges and refer relevant portfolio startups
- Assist with day to day operations of XRC Accelerator Fund
- Own maintenance of investor management system
- Update and report on current valuations for XRC portfolio companies
- Assist with preparation of quarterly investor update and other newsletters
- Build and manage relationships cross functionally and broader ecosystem
- Report directly to our founder and General Partner, Pano Anthos , and present to the IC including our other members of our Partnership
- Work closely with and manage the Director of Labs to support mentors, angel investors, ecosystem partners and programming
- As the organization expands, manage junior investment team members
- Work across departments on team wide initiatives
REQUIRED QUALIFICATIONS
- 8 – 10 years of professional experience
- 4+ years of early stage Venture Capital investing, required;
- Strong network within the startup and early stage investing, required
- Familiarity with Pre-Seed and Seed stage KPI’s, investment structures (i.e. cap table math, experience/familiarity with early-stage term sheets)
- Strong presentation creation and communication skills, especially the construction of investment memos
- Presentable, motivated, and great at articulating value of XRC offering
- Self-directed and able to work independently while keeping senior leaders apprised
- Ability to prioritize multiple tasks and remain organized
- Keen eye for evaluating startups with strong analytical and market research skills
- Team player who doesn’t hesitate to roll up sleeves and tackle something hands-on
- Negotiation and public speaking skillsKnowledge/Passion/Interest in Retail, Consumer Health and Consumer Goods sectors
- Familiarity with Affinity CRM (preferred but not required)
EMPLOYMENT TYPE
- Exempt: Salary
- Full Time: 40+ hours per week
- Location: NYC based, we are not open to remote
COMPENSATION
- $180,000 – $225,000 + carry (dependent on investment experience and track record)
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.
