Venture Associate Job Opening with New Schools Fund
- POSITION: Venture Associate
ORGANIZATION: New Schools Venture Fund
LOCATION: San Francisco / Redwood City, CA
Created in 1998 by venture capitalists and entrepreneurs seeking new solutions to improve public K-12 education, New Schools Venture Fund is a non-profit leader in venture philanthropy and scalable education reform. Initiated by John Doerr and Brook Byers of the Silicon Valley venture capital firm Kleiner Perkins, Caufield and Byers, New Schools has since emerged as a pioneer in education reform.
Noted for combining the best practices of new economy business with venture philanthropy and education, New Schools supports quality education entrepreneurs across the country by leveraging the expertise, intuition, and resources of a powerful network of New Economy leaders. New Schools invests in promising non-profit and for-profit education ventures that are scalable, sustainable, have a direct impact on student achievement and are working to fundamentally improve the K-12 public education system.
In addition, New Schools is building and supporting a strong community through its Network Division. The network is an evolving body of professionals and volunteers who share a commitment to nurturing the emerging field of education entrepreneurship. They believe that the problems facing public education in America should be addressed using a hybrid, entrepreneurial model that intersects business and education.
Please visit our website at www.newschools.org to learn more about the New Schools Venture Fund.
New Schools seeks an Associate to participate in the sourcing, screening, and due diligence process for grants, loans, and investment deals, industry analysis, entrepreneurial venture development, and management assistance to portfolio ventures. The Associate will work to ensure that New Schools is fulfilling its mission by investing in a portfolio of non-profit and for-profit education entrepreneurial ventures that truly help transform public education.
The Associate reports directly to the Vice President of New Ventures.
Success in the position will require, but not limit, the associate to:
· Conduct market analysis to understand trends and opportunities in the public K-12 education industry
· Due diligence on potential ventures (assess team, operations, strategy, financials, education outcomes), analyze and generate documents to support the decision making process
· Portfolio management, including consulting and management assistance to existing portfolio ventures
· Identify ventures with excellent educational outcomes potential
· Participate in deal closing process including work with internal team to establish appropriate educational outcomes benchmarks
· Collaborate with Vice President of New Ventures to identify and match portfolio ventures with appropriate board members, and subsequently support board members
· Collaborate with New Schools management team to continuously refine portfolio investment strategy
CRITERIA FOR SELECTION
The ideal candidate will have:
· Strong strategic and analytical skills, including but not limited to financial analysis, synthesis of ambiguous data, and the ability to identify key issues and risks
· Demonstrated experience with financial modeling and financial statement analysis
· Exceptional communication skills (oral and written)
· Commitment to the belief that education entrepreneurs can transform public education
· Ability to manage the ambiguity and multiple priorities inherent in an entrepreneurial environment
· Strong organizational skills
· Comfortable with both for-profit and non-profit organizational structures
· Ability to learn quickly and continuously
· Commitment to build a new and innovative organization using the best of non-profit/for-profit sectors
· Demonstrated commitment to public education
An MBA and experience working with entrepreneurial ventures is preferred
A competitive compensation package including base salary, performance bonus, and complete benefits is available.
The New Schools Venture Fund is an equal opportunity employer. People of color are encouraged to apply.
Interested candidates should submit a resume and 1 page cover letter via e-mail to Beth Sutkus at: bsutkus@... no later than March 23, 2001.