Chestnut Street Vice President

Chestnut Street Ventures Penn Alumni Venture Fund

Open Position for Vice President

Vice President Job Description

We’re looking for a sharp, entrepreneurial VC Vice President to play a key role in our Penn alumni venture capital fund. We are enable school alums to invest in companies with a connection to school entrepreneurs. We are private, for profit, and not part of the school. We’re seeking an experienced, full-time Vice President with strong school ties who can source, recruit, research, and evaluate deals, working closely with our Managing Partner and Investment Committee. We view this as a 3-5 year steppingstone to becoming a Launch Angels Managing Partner or a move to a larger VC firm. Key responsibilities will be to build and manage our deal pipeline; introduce the fund to alumni-led companies and deal sources; prep due diligence packages; and manage relevant databases. You will also spend a lot of time networking with other alums and circulating within the school entrepreneurial ecosystem. You’ll be joining a fast-paced, professional, entrepreneurial environment where you’ll have significant input into the creation of a unique portfolio amassing highly valuable strategic assets. You will be leveraging the playbook, back office support, and processes created by parent company Launch Angels that were used to create the highly successful Green D Venture funds for Dartmouth alums, as well as other sister funds. You will report to and work closely with the Managing Partner of fund. This is a salaried position with carried interest potential.

Requirements

Our ideal candidate will have many of these traits and be able to recruit strong supporters in areas where he/she might need support.
  • Strong research and analytical skills, particularly in the area of venture investing
  • Excellent work ethic and professional demeanor
  • Demonstrated interest and experience in entrepreneurism and emerging companies, and experience in company research and due diligence preparation
  • Experience successfully managing multiple, complex projects at the same time
  • Strong writer and communicator, excellent listener, with superior sales skills and comfort regularly interacting with strangers
  • Good networker, with an ability to grow our system and process for identifying deals
  • Highly organized and detail-oriented, balanced by ability to get and communicate big picture
  • Self-starter and independent manager, but good team player and personnel manager
  • Smart, creative thinker and problem-solver, fast learner, with demonstrated initiative
  • Database management and strong technical and social media experience a big plus
  • MBA strongly preferred
  • School graduate
  • VC capital or private equity experience preferred

Role & Responsibilities

  • Network with alums in the venture community
  • Identify deal resources and conduct outreach to VCs, entrepreneurs, incubators, and more to help fill our deal pipeline with prospects
  • Educate deal sources and companies/entrepreneurs about our process and effectively manage relationships in a professional, courteous manner
  • Research and evaluate each company and industry as a potential investment, including interviewing company teams, competitors, and customers
  • Recruit, train, and manage interns/fellows to help support deal outreach and research
  • Prep and distribute due diligence packages
  • Present companies and respond to Managing Partner and LP questions, run deal meetings, and orchestrate IC meetings
  • Help create and manage our company database, monitoring prospects on an ongoing basis
  • Assemble and update CRM on companies and entrepreneurs
Send your resume and cover letter to Chris@Launch-Angels.com.