careers
Join Dive In: Tackle the talent crisis, drive diversity, and shape the future of investing with us. Discover our Managing VC Principal opportunity.
Managing VC Principal
Dive In's Thesis
Companies are experiencing an existential talent crisis, with 77% of companies unable to find sufficient talent since the pandemic. Diverse companies that solve the talent shortage make up a trillion dollar market opportunity. Dive In was recently launched by seasoned talent operators and executive coaches with a proven track record. We invest in and grow companies that marry unique talent pools and technology.
What we are seeking
We are seeking a Managing VC Principal who will be an indispensable part of a small team that is building and launching a new firm. Likely a successful investor and VC enthusiast (demonstrable track record of success in early stage investing at a successful firm) who also wants to build an organization of consequence and social impact.
Our firm was launched in late 2022. We have completed a first close and have made 6 investments, mostly in founders we have been working with for years. While our talent and diversity focus and post-investment coaching is non-negotiable, we are open and excited about a world-class investment professional to have influence and decision-making authority in many aspects of fund management. This position would receive carry.
Investment Expert
Our best guess as to who you are
You are an investment expert on a path to eventually lead a firm or launch your own firm, but you are open and excited by the opportunity to start one now with the right team. You enjoy investment, but you also have a desire to build. Furthermore, you have reasonable expectations about first time funds and what it means to build from scratch. You are bullish about talent strategies/the human future of work, and inherently see why the current moment is both a huge challenge and a huge opportunity. You care about diversity and view it as a strategy to outcompete. You may also be curious about our coaching strategy, perhaps even skeptical. We like skeptics.
The Specifics:
Job Description
The Managing VC Principal will partner with the Managing Partner on all matters of the business including new investments, portfolio management, fundraising, firm administration and operations, external vendor management, and investor relations. The role will be responsible for finalizing new investments, creating systems and processes to manage the day-to-day administration and operations of a small firm, overseeing a small team, and tracking investments. The Managing VC Principal will support deal flow, efforts to raise capital from new Limited Partners, investor relations, community building and thought leadership.
Key Responsibilities
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Develop new investment opportunities, including sourcing, due diligence, and transaction negotiation and execution.
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Establish/maintain industry business relationships to generate on-going deal flow
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Work with portfolio company management and LPs to develop opportunities for value-added engagement and partnerships
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Qualify potential opportunities and recommend strategies and tactics that will maximize investment returns
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Support post-investment execution and value creation activities for the mutual strategic benefit of portfolio companies and partners
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Interact with the management of portfolio companies, monitor performance and report internally on a regular basis
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Serve as an advisor and potentially Board member/observer for Dive In portfolio companies
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Supervise back-end functions: Oversee 1-2 internal staff or consultants + external vendors to accomplish firm goals, ensure excellence in compliance with our LPA and necessary recurring tasks of the firm such as tax reporting.
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Identify and anticipate industry trends and economic or political developments that may affect the direction of Dive In investment strategies
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Support efforts to raise capital from additional limited partners for existing and new fund vehicles to grow assets under management
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Help manage our company database, monitoring prospects on an ongoing basis
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Assemble and update CRM on portfolio companies
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Recruit, train, and manage interns/fellows to help support deal outreach and research
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Suggest improvements to our approach, process, products, and services
Minimum Qualifications
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An undergraduate degree in business, finance or related field
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1-5+ years of venture investing experience, at least some early stage
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7+ years of total work experience in investment strategy, analysis, or finance
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Proven deal origination, negotiation and closing history and a successful track record of investment performance. Board experience is a plus.
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Proven investment management experience and demonstrated success leading, motivating and developing a team for impactful results in a collaborative manner
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History of successful interaction and collaboration with diverse functional areas and/or with external vendors, including demonstrated experience with successfully building relationships among senior leadership and key stakeholders.
Preferred Qualifications
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MBA or relevant master’s degree
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Board Experience
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Marketplace, workforce, future of work knowledge and experience
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Track record of commitment to diversity
Interested in a conversation?
Email us at info@diveinlabs.com with your LinkedIn Profile, resume, and a short note on why you’d think you’d be a good fit.