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Vice President Venture Capital

Company: Idea Fund of La Crosse
Location: La Crosse
Posted on: June 19, 2022

Job Description:

The Vice President will be responsible for front of funnel activities in our targeted region of Wisconsin, Minnesota and Iowa. The person will be expected to leverage and expand our network so we see every viable seed stage opportunity in the region.Fund I was managed solely by our founding Managing Director. This position will be our first outside hire and will report directly to the MD. The expectation with this position is the individual develops to Partner level for Fund III.The individual will perform initial due diligence, with the objective of identifying all opportunities that meet the firm's return objective. The individual will play an integral role in the investment lifecycle-sourcing, evaluation, deal execution, portfolio company support, follow-on financing and exit.This person will also gain experience in day-to-day operations at a growing venture capital firm. This includes portfolio company performance tracking and working with service providers on reporting, compliance, audit, tax and other areas that are critical to our credibility with our Limited Partners. Just like the companies we invest in, the Idea Fund is an early-stage business, and it's all hands on deck.The role is on-site and located in La Crosse, Wisconsin with hybrid work available.Firm overviewThe Idea Fund of La Crosse is helping build the future of technology startup success in the Upper Midwest. We invest at the earliest stages of company development, often before a first sale. We offer founders the conviction and commitment of leading their first round of investment. And we stand behind our founders during the inevitable ups and downs of early-stage growth.We were established in 2016 under a simple thesis: Startups in the Upper Midwest can succeed at the highest levels. Yet too many never have a chance, due to unjustifiably limited capital at the seed stage. Our Fund I has demonstrated the potential of this strategy.We are now in the process of raising our $20mm Fund II, which will scale the strategy we've deployed. In this fund, we will seek to lead initial investments in about 20 seed stage companies, with a geographic focus on Wisconsin, Minnesota and Iowa.Our objective over the next 5 - 10 years is to be the preeminent investor in Upper Midwest seed dealsPersonal characteristicsHighest personal and professional integrity.Enjoy learning across a wide breadth of sectors-we are development stage focused and consider investments in any industry.Compelling and inviting personality-this individual will be the face of Idea Fund to many prospective portfolio company founders. We are compassionate, driven, understanding and supportive.Deep belief in the potential of startup founders. We succeed or fail based on the decisions of our founders, many of whom will be first time venture-backed CEOs.Desire to own a critical portion of a venture capital fund's operations. Thrive with significant personal discretion and accountability for results.Experience and qualifications4 - 8 years relevant work experience (e.g. investment management, finance / investment banking or startup operations).Quantitative abilities-knowledge of or ability to learn financial modeling and valuation.Track record of personal accomplishment.Attention to detail-"safe hands" for critical operational functions.OpportunityCompensation will include cash, benefits, PTO, reimbursement of expenses and potentially share of the General Partner's carried interest. Base salary range of $70,000 - $100,000 with on plan cash bonus of up to 10% of base.---To applyPlease complete the online application process and complete our initial screen here: https://www.ondemandassessment.com/link/index/JB-ZW7SQD3FS?source=Indeed&u=150193

Keywords: Idea Fund of La Crosse, La Crosse , Vice President Venture Capital, Accounting, Auditing , La Crosse, Wisconsin

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