Description
ABOUT BIP VENTURES
BIP Ventures is a dynamic venture capital firm based in Atlanta, GA. Over the last 17 years, BIP Ventures has driven industry-leading returns while its funds have shown remarkable consistency. The firm manages over $1.8 Billion in client assets and is growing rapidly.
WORKING ON BIP's INVESTMENT TEAM
We hire intelligent and driven individuals who value teamwork and trust, extending this mentality to positively impact portfolio companies in a constant search to drive portfolio company value.
Our investment and value-creation process is unique. We augment traditional fundamental analysis with cutting-edge financial science and deep operating experience to consistently deliver extraordinary returns for our investing clients.
We apply decades of experience to make investment decisions and provide operational guidance for our portfolio companies. Repeatable processes and deep data insights allow us to find and capture the best investment opportunities and offer cutting-edge tools and resources to our portfolio companies to catalyze growth.
Members of our Investment Team develop a wide array of differentiated, advantageous skills that will help them become exceptional investors and advance their careers. Advancement at BIP Ventures is merit-based and measured by qualitative factors and clear performance criteria set in six key areas (shown below). Our compensation philosophy is simple: we pay a premium for talent and performance. All team members participate in a cutting-edge compensation plan that enables each team member to build personal wealth.
CHARACTERISTICS OF QUALIFIED CANDIDATES
Successful team members at BIP Ventures possess the following characteristics:
- a desire to serve others (investors and founders),
- a team leadership potential,
- a commitment to continually getting better at our craft,
- a demonstrated ability to make optimal decisions in a risk/reward framework,
- a strong work ethic,
- a collaborative approach to teamwork,
- a competitive spirit, and
- a deep appreciation for our merit-based system of wealth creation.
THE ASSOCIATE ROLE
The Associate will work closely with a Partner (Deal Team Leader) and a Principal, Vice President or Sr. Associate to support the activities of a Deal Team. Associates are expected to demonstrate strong skills in the following areas:
Support of Sourcing / Opportunity Identification / Filtering
Associates are expected to support a Deal Team in identifying high-quality investment opportunities and keeping pipeline management systems up to date. Utilizing BIP's best-in-class sourcing strategies and tools, Associates assist Deal Team Members in managing a high-quality pipeline from the top of the funnel to the bottom. Associates are also expected to aid in filtering out investment opportunities that do not meet our investment criteria.
Support of Relationship Building / High-Level Deal Structuring
Associates are expected to assist Deal Team Members to develop trust, alignment and shared vision with founders and their management teams. Associates are expected to support Sr. Deal Team Members in their efforts to develop and sign term sheets with founders/companies leading companies that represent high-quality investment opportunities.
Support of High-Quality Underwriting & Diligence
The Associate is charged with developing and maintaining models, research, customer interviews, and all analytical work that senior Deal Team Members deem necessary to appropriately evaluate a prospective deal. Associates also play a critical role in preparing exceptional investment memoranda so that BIP Ventures' Investment Committee can efficiently evaluate prospective investment opportunities. Associates will play a supporting role in final presentations to the BIP Ventures Investment Committee. Evaluation of Associates will be heavily weighted on their ability to produce insightful models and conclusions that help BIP Team Members identify and manage risk/reward.
Support of High-Quality Transaction & Closing
The Associate is expected to provide transaction support throughout due diligence and closing process. Expectations include contributing to the legal documentation process, communicating with the Deal Team Members on changes in specific terms, and supporting a closing process prior to release of funds.
Support of Post-Investment Value Creation
Post-investment, the Associate is responsible for ensuring that each portfolio company provides timely, high-quality business updates. The Associate will work collaboratively with their counterparts on the Value Creation Team to ensure that each portfolio company assigned to their Deal Team follows the BIP Reporting Process.
Deal Hygiene
Associates are responsible for supporting Deal Team Members in the production and maintenance of models, documents, capitalization tables, specific market research, etc. to ensure that Deal Team Members have an informational advantage.
EXAMPLES OF WORK
Listed examples are illustrative and representative of the tasks required of this position but are not exhaustive.
• Review, analyze, and research investment opportunities (new and follow-on) with Team Lead
- Provide market research, financial and KPI analysis, company due diligence, and memo creation for prospective investments
- Support due diligence, underwriting, legal, and other transaction processes during live deals
- Begin building and maintain a network of VC ecosystem stakeholders (investors, entrepreneurs, service providers, other investors, etc.) to cultivate deal flow and diligence networks
- Support Deal Lead on portfolio company management and strategy by working directly with portfolio company management teams
- Leverage the Value Creation Team to assist portfolio companies and drive equity value in portfolio companies
REQUIREMENT TO ADVANCE
Advancement to the next level (Senior Associate) at BIP Ventures is based on 1) demonstrating emerging mastery of BIP's Investment Process.
Requirements
Education and Experience
- BS or BA Required; Business/Econ, Computer Science, Engineering preferred
- Candidates should have 2+ years of experience in Investment Banking, Private Buy-Side Investing, Management Consulting; previous experience in a Buy-Side investor role a plus Knowledge, Skills and Abilities
- Demonstrated understanding of the private equity or venture capital investing process
- Deep understanding of investment due diligence process and high level of urgency
- Mastery of Excel, PowerPoint, and Word
- Advanced proficiency in financial modeling and investment returns analysis
- Demonstrated ability to thrive in an entrepreneurial environment, working both independently and as a team
- Self-starter with strong work ethic and uncompromising personal integrity
- Ability to prioritize different projects and priorities simultaneously to meet deadlines
- Effective, versatile, and action-oriented when it comes to problem-solving
- Excellent verbal and written communication skills
- Ability to develop strong relationships with a wide variety of audiences
- Impeccable interpersonal skills with a track record of effectively interacting with senior management
- Keen attention to detail with strong analytical and organizational skills Traits of Success
- Detailed and thorough approach to investment due diligence and deal execution and able to delegate tasks to supporting Associates
- Able to articulate key components of a prospective investment, identifying both attributes that support the investment while also identifying key risks
- Able to build relationships with portfolio company management teams during and after the investment process that enable BIP Ventures to influence and accelerate its investments
Pathing
- The Associate position is a two-year program within our firm with the opportunity for promotion to Senior Associate (with exceptional performance).
For more on BIP Ventures, please visit www.bipventures.vc.
BIP Ventures is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, pregnancy, disability, age, veteran status, or other characteristics. BIP Ventures is also committed to compliance with all fair employment practices regarding citizenship and immigration status.
