Job Drop 034

Week of 3/3/24 // Platform & Venture Ops, Weekly Jobs Roundup

Impact Research Analyst @ Advantage Capital // 1-3 yrs exp // Hanover, NH

PE // Associate Portfolio Chief of Staff @ Council Capital // 1-3 yrs exp // Nashville 

Operations Associate @ [undisclosed investment firm] // NYC // $85-$125K

Startup Operations Specialist @ AngelList // 2+ yrs exp // NYC/SF/DC

Business Operations Analyst - Cyber & Defense @ Red Cell Partners // 2 yrs exp // Tysons Corner/DC

Associate, B2B SaaS Venture Studio @ 25madison Evolve // 2-3 yrs exp // NYC // $80-$120K

Operations Manager: Community & Programs @ Company Ventures // 2-5 yrs exp // NYC // $85K

Go to Market (GTM) Manager @ First Round // SF/NYC

Network & Membership Manager @ Gold House // 3-4 yrs exp // LA // $70-$85K

Director of Operations @ 8090 Industries // 3-5 yrs exp // Remote/NYC // $120-$165K

Administrative Coordinator @ VentureLab // 3-5 yrs exp // Austin // $55-$65K

Associate/VP of Strategic Partnerships & Applications Development @ Advantage Captial // 4 yrs exp // Remote/St. Louis

Senior Associate, Corporate Ventures & Accelerator @ Next47 // 5+ yrs exp // SF // $135-$165K

Business Operations Manager @ Red Cell Partners // 5-10 yrs exp // Tysons Corner/DC

Executive Assistant/Operations Manager @ Bioluminescence Ventures // 5-10 yrs exp // SF 

Executive Assistant @ Reach Capital // 5-7 yrs exp // SF

Head of Platform @ New York Life Ventures (NYLV) // 5-10 yrs exp // NYC // $135-$200K

Head of Network Development & Community @ Mercato // 7-10+ yrs exp // Salt Lake City

PLATFORM-ADJACENT

Head of Industry Partnerships @ Maxwell // 2+ yrs exp // NYC // $80-$100K

People Operations Manager @ Acquisition // 3+ yrs exp // Remote // $90-$120K

Community & Partnerships Associate @ Sydecar // 3+ yrs exp // NYC // $110-$120K

Marketing Operations Manager @ Pave // 4+ yrs exp // SF // $127-$172K

Event Experience and Operations Manager @ S&P Global // 5 yrs exp // Houston // $49-$98K

Venture Capital Business Development Manager, Cloud @ Google // 6+ yrs exp // SF // $147-$216K

Field Sales Representative, Startups, Cloud @ Google // 7+ yrs exp // NYC // $89-$133K

Sales Strategy and Operations Manager, Startups, Cloud @ Google // 10 yrs exp // Chicago/Atlanta // $169-$258K

GLOBAL

PART-TIME + EUR // Marketing & Communications Assistant @ PreSeed Ventures // 0+ yrs exp // Denmark

APAC // Venture Generalist @ AngelList India // 0-2 yrs exp // Bengaluru/Delhi/Mumbai/Remote

EMEA // HR Operations Coordinator @ The Alternative // 2 yrs exp // Nicosia, Cyprus

EUR // Investor Relations & Fundraising @ Cardumen Capital // 3+ yrs exp // Madrid 

APAC // Digital Marketing Specialist @ Talino Venture Studios // Pasig, Philippines

EUR // Investor Relations Associate @ Basinghall Partners // London

EUR // Investor Relations Associate @ Oxford Science Enterprises (OSE) // Oxford, UK

APAC // Chief of Staff @ Artha Group // Mumbai // 25 lakhs CTC/yr

LATAM // Head of Operations and Compliance @ Honey Island Capital // 6-8 yrs exp // São Paulo/Curitiba, Brazil

👉 Missed last week’s Job Drop? Read it here

Reading & Learning 🗞️

Lots of people say "VC funding is not right for everyone" but the reason why comes back to VC fund economics.

The Midnight Text Newsletter today was all about understanding VC Fund Economics #VCMath.

Here is a TL;DR:

When VC funds are raising from LPs (Lending Partners) they present a strategy that includes check size, stage, industry, percentage target ownership, amount of investments, follow-on strategy, etc.

Once the fund is raised, they execute on this strategy with a target return in mind. Most funds are shooting to return 3X or 4X the initial fund size.

For a $100M early-stage fund, every bet they make needs to have the potential to get them to their (3X - $300M) in returns. For larger funds, $500M+, the math to return their fund is even harder. They need even bigger outcomes across their portfolio. This is an oversimplification of how returns work, as funds model out dilution, etc, but is helpful for our example here.

This makes a lot of businesses not VC "backable." Not because they wouldn't be successful businesses but because the economics don't work.

There’s something out there for every entrepreneur, you just need to know what you’re looking for and ask the right questions in your process of raising capital.

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