Venture Associate (New York)

Newchip is a virtual startup accelerator that provides world-changing early-stage companies with the software tools, training, mentorship, and the investor network necessary to successfully raise capital, build, and scale their businesses to eventual exit. We're in 100+ countries and have a portfolio of over 2,000+ startups that have raised $1B+ in funding since our launch in 2019.

Do you love Shark Tank? Imagine every day being like an episode but on a global scale, that's what we do. We recruit top startups and we launch virtual cohorts each month from our HQ in Austin, TX, with a goal of coaching each to a point of invest-ability. We then invest in our top program graduates alongside our 6,000+ investor network and support them until their exit.

-We are a veteran founder team with decades of experience, acquisitions and exits under our belts, and we're looking for the next member of our team that meets our core values and that can add their skillset to our melting pot of diversity.

-We are only recruiting driven, entrepreneurial, individuals whom are in it for the long haul to reach an IPO - leaders that want to truly assist startups to drive results that create investment returns to our investors and investor partner network.

-If you're looking to make a difference in the world and learn in 1 year what most learn in 5, we're here to provide the mentorship, leadership, and potential to make that dream a reality - if you're here looking for a 9-5, our company isn't for you.

Apply today to join the 100+ employees in our HQ in Austin, Texas, or join one of our remote teams around the globe at our offices in San Francisco, New York City, Boston, London, Los Angeles, Austin, Miami, Tel Aviv, India, and Singapore.

The Role

Newchip launches remote global accelerator cohorts each month across the globe in the Pre-Seed, Seed, and Series A categories. Due to massive growth in our remote programs during the COVID-19 pandemic, we are hiring more Venture Associates in the above cities to co-lead our cohorts as we regionalize and specialize further by industry and sector.

This role is part of a highly specialized team focused on delivering our core accelerator experience. This role reports to Accelerator Program leadership in your specific industries and works as part of a team of 7-10 to to drive efficiency through experience, process, and technology to continue to enhance our core program experience for our startups around the world.

Each Accelerator Program team manages a number of startups as part of each cohort. You will be individually and as a team responsible for ensuring that each company in their respective program is positioned to maximize their success in the program and with our investor network by bridging the gap between investment, mentorship, traction milestones, and coaching.

You will be responsible for developing, building, and supporting investor partner relationship development and management for your portfolio alongside a team of Venture Associates, Program Associates and other leaders to both coach and guide your startup portfolio to successful funding (and eventual exit to bring returns to our investors and investor network partners).

This is an opportunity for an individual with strong intellectual capacity, analytical skills, a deep interest in investment management, exceptional business acumen, and a solid work ethic to drive the future growth of our portfolio of startups. Given the size of our accelerator, you'll work directly with more startups in a quarter than most Analyst or Associates do in a year.

We're looking for competitive, results-driven "team-players" - emphasis on team aspect because while this is an independently incentivized role, we live and die by the great work and sacrifices we all make together via our various programs to help our entrepreneurs grow and succeed - you'll see some companies fail and some become unicorns, that's just how it works.

The ideal candidate is an early-career self-starter with exceptional organizational skills, a strong desire to learn the ins and outs of venture capital, and the ability to anticipate the next steps in a variety of contexts. This individual should feel comfortable with ambiguity, be able to work autonomously and be energized by "greasing the wheels" to facilitate success.

This role is full-time only, with no contractors or part-time offers. Compensation for the role is based on experience with opportunity for incentive-based compensation, medical benefits, and yearly goal-based bonuses - there is also the opportunity for stock in our company and our portfolio of companies after your initial 90 day ramp-up period.

Roles at Newchip have a Base Salary with paid employee benefits, and success based incentive goals (paid monthly, quarterly, and yearly) in addition to comp band levels based on experience and location in the following ranges:

Total Annual Comp: $140,000-$175,000

Total Cash: $90,000-$125,000

-- Base Salary: $50,000-$85,000

-- Cash Bonus at 100% of Target: $40,000

-- Stock Bonus: Up to $50,000 Per Year ($250,000 Total)

FT / PT: Full time only, no contractors or part-time.

Culture Fit Requirements: A compelling hunger and passion to achieve something great in life and change the world - remember that experience can be gained over time but your passion and drive are what will lead to success. In order to be successful in this role, you must have strong startup knowledge, superb interpersonal skills, and charisma, as well as a hunger to help companies succeed.

You must be willing to do whatever it takes to get the job done, able to be humble, trainable mentality, and able to learn on the job- we're looking for people that can not only operate in the chaos of a startup but thrive in it and earn a place on our team. A previous and strong network in startups and the venture community is also a huge benefit and will make you stand out.

You must be hyper-organized, resourceful, and truly enjoys working in a team to achieve the vision- able to proactively reach out for guidance, offer and receive guidance from your fellow team members, and solve roadblocks on your own. Our companies will be relying on you and will live and die by your success in helping them or your failure in not giving it your all.

Responsibilities:

• Establish, develop and maintain positive business partner and investor relationships with our portfolio of startups
• Keep abreast of best practices and promotional trends in startups and overall funding, accelerator, and investment market
• Track progress of engagements and relationships between investors and startups with status reports to program leaders
• Present, promote, and convince investors and partners to set up meetings with and develop relationships with our startups
• Develop a deep understanding of your portfolio so that you can promote it to our investors and corporate partners
• Continuously improve through feedback and coaching with management and team to reach your full potential
• Provide management with reports on startup needs, problems, competitive programs, and potential for new opportunities
• Build, develop, and manage relationships with new and existing venture, angel, and corporate investors and partners
• Qualify potential investors and partners for our startups, research them, and generate follow through on partnerships
• Reach out to current and potential investors and partners through phone, email, text, LinkedIn, and AngelList

• Knowledge and experience with LinkedIn Sales Navigator,
• Ability to develop relationships and make connections with anyone, anywhere, at any-time
• Familiarity with CRM practices along with ability to build productive business professional relationships
• Ability to google, learn independently, and solve roadblocks without handholding
• 1-3 years of business development and business relationship management experience
• Able to work comfortably in a fast paced environment
• Denver
• Passion for helping Investors and Founders make the world better
• Knowledge and experience with Microsoft Office
• 1-3 years experience in tech startups, fundraising, angel investing, or venture capital
• Must be willing/able to live in one of the following locations:
  • Bay Area
  • New York City
  • Boston
  • Research Triangle
  • Miami
  • Los Angeles
  • Denver
  • Seattle
• Deep understanding of the business relationship development funnel and dynamics
• A commitment to excellent client level service and delivering quality experiences
• Knowledge/Understanding of the VC/startup world
• Knowledge and experience with CRM Tools (We use Hubspot)
• Research Triangle
• Knowledge and experience with Google Drive
• Los Angeles
• Miami
• Bay Area
• Excellent selling, communication, and negotiation skills to work with partners
• Cannot need visa sponsorship or have any work restrictions in the U.S
• Excellent time management, and organizational skills is a must have
• New York City
• Seattle
• Personality type that talks to people on elevators and "owns" networking events
• Ability to create and deliver presentations tailored to the audience needs
• Professional and articulate communication skills, both written and verbal
• Highly motivated and target driven with a proven track record
• Boston
• Relationship management skills and openness to feedback and coaching

• ClassPass membership gives you worldwide access to thousands of top-rated gyms, fitness studios, salons, and spas.
• Access to all of our accelerator certificate programs if you launch a startup during your career here (valued at $1M+).
• Opportunity to make a meaningful impact in a revolutionary space working with thousands of startups around the globe.
• Active culture with a gym at HQ with bouldering, weight gym, classes, yoga, steam-rooms, and showers on-site.
• Unlimited PTO policy, Holidays, Sick Days, and Election Day off.
• Join an active culture and become a pillar in the startup community with weekly team outings and community events.
• Weekly catered lunch on Fridays, as well as unlimited snacks and Starbucks coffee.
• Industry leader in compensation packages including base plus performance incentives, equity, and company stock.
• Fully covered benefits that include medical, dental, vision, life, and disability insurances; plus a 401k program.
• Be a part of a global team with a hybrid in-office and remote culture with a headquarters in East Austin, Texas