Senior Venture Associate or Principal

Location: Oakland, CA or Remote
Reports to: Managing Director, Impact Investments
Area: Inicio Ventures (Startup Economy Wealth Generation Programs)
Position Type: 100% FTE

Inicio Ventures Overview

Inicio Ventures is an early-stage impact investment fund that backs Latinx founders across markets and industries, partnering with them to refine their ideas and scale their businesses. We believe Latinx founders bring remarkable ingenuity, incredible determination, and rich life experiences to their startup companies—yet they receive a tiny fraction of the funding and opportunities available to other groups. Inicio Ventures was formed to help close that gap by ensuring that Latinx founders can build equity and wealth in the startup economy. To complement our investment work, we manage LATINX Launchpad, a pitch competition series focused on growing the talent pipeline and a Venture Fellows program for grad students interested in being the next generation of Latinx investors.

Hispanics in Philanthropy Overview

Inicio Ventures, LATINX Launchpad and our Venture Fellows programs are part of Hispanics in Philanthropy’s (HIP) Startup Economy Wealth Generation impact pillar. HIP is a transnational network of grantmakers committed to strengthening Latinx communities across the Americas. HIP connects and convenes funders, nonprofits, researchers, and other leaders to identify emerging needs among Latinos as well as best practices for responsive and effective funding of social change. HIP pioneers new philanthropic models by leading collaborative initiatives and has provided grants and training to help build the capacity of more than 800 organizations and leaders.

Position Summary

This is equivalent to a post-MBA/post-Grad career position for candidates interested in continuing to build their career in the impact investing and venture innovation field. In this role, you will take a leadership position in managing the LATINX Launchpad pitch competition series, supporting our Venture Fellows program and helping grow our Portfolio Success services. You will additionally be part of the investment process, where 20% of your time will be devoted to deal sourcing and diligence. Through this collection of responsibilities, you will extend your investment acumen, event management, domain expertise, industry relationships and understanding of the needs of the Latinx innovation community. This is an excellent advancement opportunity for those interested in being future fund managers.

Core Responsibilities

  • The primary responsibility of the Venture Senior Associate or Principal is to lead and support several fund related programs within our Startup Economy Wealth Generation pillar of work
  • As the lead of LATINX Launchpad, you will drive the execution of our pitch competition series program. This includes helping finalize our annual themes (versions), project managing the events, identifying/sourcing and formalize partnerships, coordinate communication, engage sourcing channels, create the processes to finalize startups who pitch, sourcing judges and leading post-event grantee support
  • Additionally, this role will support the Venture Fellows program. This includes project managing the sourcing, decision making process, curriculum, Monday meetings and post-cohort engagement
  • Provide flexible support for operation and other programmatic projects, activities and tasks, in particular our Portfolio Success activities
  • 20% of your time will be spent on supporting startup deal sourcing, diligence, closing and manage and, when appropriate, exit investments for Inicio Ventures initiative
  • Provide mentorship to junior staff and Fellows/interns

Qualifications

  • MBA or equivalent graduate degree or equivalent life/work experience strongly preferred
  • 7+ years of previous work experience or equivalent life/work experience
  • 2+ years of either early venture or impact investment experience and/or related accelerator, incubator or similar ecosystem builder experience and/or founder/executive at venture or impact startup
  • Demonstrated commitment to diversity and supporting the Latinx community

Desired Skills

  • Outstanding analytical, quantitative, and communication skills (including excellent spreadsheet modeling and powerpoint/slide development)
  • Enjoys and thrives in supporting multiple concurrent workstreams
  • Comfortable working in a dynamic, entrepreneurial environment (a self-starter and resourceful)
  • Has exceptional personal and professional ethics and integrity
  • Enjoys collaborating with a spectrum of seniority levels, internally and externally, and from different backgrounds and experiences
  • Has a history of being a creative problem solver
  • Mentor-lens management style
  • Proven ability to manage and grow an external facing program/product/service
  • You have a deep or growing entrepreneurial network and thrive in relationship building/managing

Compensation

Hispanics in Philanthropy offers a range of benefits for full time employees including medical, dental, vision, 401K matching, commuter check benefits, discounts on services, as well as sick, vacation, and paid holiday time.

Work Environment:

Daily use of computer and phone for regular communications with staff and team members. This position may be a remote position or based out of our Oakland office. Some travel will be required. Employees are required to comply with health and safety measures consistent with CDC guidelines, and federal, state, and local regulations.

How to Apply:

Submit an online application. Applications will be reviewed on a rolling basis with preference to applications received by January 15th.

Hispanics in Philanthropy is proud to be an Equal Opportunity Employer.