Venture Capital Associate - Connecticut Innovations : Job Details

Connecticut Innovations (“CI”)

As Connecticut's strategic venture capital arm and one of the most active investors on the eastern seaboard, CI has a portfolio of 220+ companies across various industries, with strengths in life sciences, technology and climate tech. CI meets with hundreds of companies every year, identifying the most promising early-stage companies looking to grow in the state. Every year, CI invests in 20+ new companies, in addition to providing follow-on capital to existing portfolio companies.

• CI has invested $675+ million in innovative startups since 1995.
• CI's leveraging power is 10X, or $6.7 billion.

CI invested $48.7 million in 81 companies and venture funds in the fiscal year ending June 30, 2024. CI's investments also attracted an additional $1.1 billion in outside capital into its portfolio companies. This fiscal year generated $35 million in cash proceeds through company exits, which includes acquisitions and IPOs, which will allow CI to invest in more early-stage companies in the future.

Our culture is vibrant, diverse, collaborative, and inclusive. We embrace perspective and have mission alignment on our impact to Connecticut's innovation ecosystem. We host or participate in over 20 ecosystem events per year, and our headquarters at The District in New Haven is a catalyst for partnership and an innovation ecosystem community hub.

Connecticut Technology Fund

This fund has provided more than $100 million to date to Connecticut's promising high-tech companies, with a focus on FinTech, InsurTech, SaaS and PaaS early-stage companies. We have attracted companies to Connecticut from both coasts and as far away as Europe!

Durational Venture Capital (VC) Associate

A CI VC Associate plays a key role in executing our investment strategy by researching promising technology markets. They also participate in all phases of the investment process including due diligence, meetings with management, focused company and industry research, financial modeling, writing investment recommendations, and supporting CI portfolio companies as board observers.

We are currently seeking a VC Associate to join and assist our Technology Fund Venture Team for a period of 2 to 3 years and help develop and manage an active high-tech portfolio.

Candidates must possess a bachelor's degree in finance, business administration, computer science, engineering, or another related field. We also seek 2+ years of experience in market research, management consulting, venture capital or other relevant business or management disciplines. Startup experience is a plus.

An MBA or master's degree in a technical field is considered a plus and may be substituted for 1 year of experience. Candidates should be self-starting, curious, flexible and have knowledge of financial statements, business plans and other financial and legal documents.

Responsibilities

• Representing CI at industry events, source investment prospects, develop relationships with potential co-investors
• Screening and analysis of potential investments
• Conducting due diligence and competitive analysis
• Financial modeling and valuation analysis, collaborating with and supporting other members of the CI Venture team.
• Preparing reports and proposals regarding potential investments and portfolio companies
• Drafting term sheets
• Reviewing legal documents related to financings and other matters
• Presenting investments for approval to CI advisory committees and committees of the CI Board of Directors
• Assisting in identifying strategic, marketing and partnering opportunities for portfolio companies
• Participate in meetings and calls related to due diligence, industry research, and investment negotiations

Skills & Competencies

• High personal passion for a fast-developing innovation ecosystem
• Detailed, action-oriented person who takes initiative to follow-up on items.
• Project management and organization skills to solicit and follow up on meetings.
• Communicate comfortably with a wide range of stakeholders.
• Ability to synthesize data into a compelling story.
• A seeker and learner mentality
• Sufficient understanding/comfort of technology to recognize the business opportunities it unlocks

Connecticut Innovations reserves the right to underfill this position at the level of Investment Analyst if deemed necessary.

Connecticut Innovations is an equal opportunity/affirmative action employer. We welcome all candidates to apply regardless of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, genetic information, or status as a protected veteran.