Principal for Pre-Seed Accelerator Fund
WHO WE ARE
XRC Ventures is a multi-strategy fund investing at the intersection of consumer behavior and advancements in technology. 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 as only 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 is not an entry-level venture role. 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 process
- Participate in investment process including leading weekly sourcing meeting, inbound application review, 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
- Surface high quality deals to Partners, collaborate to build investment thesis
- 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 existing portfolio
- 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 Founding Partner, Pano Anthos, and present to the IC including our other members of our Partnership
- Work in partnership with Head of Platform & Network 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
- 5 – 10 years of professional experience
- 4+ years of early stage Venture Capital investing, within technology required;
- Strong network within the startup and early stage investing ecosystem, 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
PREFERRED QUALIFICATIONS
- 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 skills, highly preferred
- Knowledge/Passion/Interest in Retail, Supply Chain, and Consumer Health sectors
- Familiarity with Affinity CRM
New York City based role, we are not open to remote candidates or reimbursing relocation costs. We do not sponsor visas.
Salary range is $175,000 to $200,000 plus carry, based on experience and track record.
OUR VALUES
Companies and teams are held together by shared values. They are tangible statements of the performance we aspire to. These values drive our business in every transaction and interaction.
XRC Ventures is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion. The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our reputation and company’s achievement as well.
At XRC Ventures, we
- innovate in a collaborative environment. No task is too big or too small for anyone to take on.
- endorse economic well-being that fosters a global improvement in the economic condition of participants in the global economy.
- embrace sustainability so the Earth we leave to future generations is a better place than when we inhabited it.
- demand honesty, integrity and fairness in our internal and external relationships.
- recognize and nurture excellence in people, technology and products.
- share and exchange ideas in an open forum to generate new solutions.
- applaud initiative and encourage solutions from multiple sectors, applied to retail and consumer products.
XRC Ventures provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
