Associate

Role

Health Velocity Capital is seeking an Associate with 2-3 years of experience for its San Francisco office. The Associate will work closely with Health Velocity Capital's Partners, Senior Associates, and CFO.

Responsibilities

Financial Analysis

• Perform financial analyses and prepare due diligence materials on prospective investments; responsibilities include, but are not limited to:
• Assisting Partners, Senior Associates, and CFO with the development of financial projections and returns models
• Conducting financial analysis to assess companies’ historical financials, unit economics, customer-by-customer details, pipeline and backlog details, customer utilization data, customer churn analyses, team productivity metrics, and other key performance indicators (KPIs)
• Creating charts and graphs to illustrate key data and findings
• Analyzing market size, competitive landscape, and market segments
• Developing in partnership with Partners investment memorandum for Health Velocity Capital’s commitment committee and limited partners
• Prepare for, participate, document, and potentially lead diligence calls handling professionally, with courtesy, curiosity, and graciousness

Sourcing

• Research and screen potential investment opportunities, ideas, and technologies
• Quickly develop a sense of what makes an appropriate Health Velocity Capital investment opportunity
• Lead pitch calls with prospective investments
• Take calls and meetings on behalf of Partners and professionally represent the firm in these calls and meetings
• Summarize and type up all call notes and input in deals database (all Partners do this as well)
• Cold call/email relevant investment opportunities
• Perform market research and develop whitepapers on Health Velocity Capital’s targeted investment themes as well as develop market landscapes and lists of innovative companies to be contacted
• Refine existing database to track and monitor sourcing activities; log new opportunities into CRM database
• Tirelessly develop your network of other investors, health systems, payers, and other strategic industry connections to access deal flow and proprietary information
• Be a visible presence for Health Velocity Capital at local events and at conferences
• Research and understand various policy initiatives
• Participate in outreach initiatives to bolster the firm’s reach and reputation

Strategic LP Management and Other

• Contribute to materials and summaries for annual LP meetings, advisory board meetings, limited partner off-sites and webinars, limited partner updates, and more
• Prepare standard strategic limited partner presentation materials and keep track of themes and companies of interest to present.
• Assist with preparation for bi-annual Limited Partner Advisory Committee meetings
• Leverage personal skills and network to assist portfolio companies in any way; bring to bear the full weight of the firm's network on behalf of portfolio companies
• Maintain comparable exit multiples database and waterfall analyses for return profiles
• Assist with day-to-day administrative tasks and the development of internal processes (CFO, Senior Associates, and all Partners perform as well)

Qualifications

• College graduate with 2-3 years of work experience in investment banking, venture capital, private equity, management consulting, and/or corporate development
• Candidates should be very detail-oriented, strong researchers, highly competitive, extremely passionate about healthcare and/or venture capital, have demonstrated ability to work hard, intelligent and curious
• Excellent Microsoft Office (Excel, PowerPoint, Word, Outlook) skills
• Analytic and quantitative skills needed to review financial and market projections, balance sheets, and operating plans of potential and existing investments
• Ability to not just perform analyses but also present in a thoughtful, nuanced way with a story behind the presentation (versus a data dump of charts, tables, and pros/cons)
• Excellent verbal and written communication skills
• Creative, self-starter

Compensation

• Highly competitive amongst firms with comparable AUM (assets under management)