WHO WE ARE:
Founded in 1995, TCV was established with a clear vision: to support and invest in high-growth technology companies that impact consumers’ and businesses’ everyday lives. Since inception, the firm has built a track record of backing private and public businesses that have defined their categories. TCV is a flexible, long-term-oriented partner that strives to be the hardest working, most-value-add investor for each of its portfolio companies.
TCV has raised ~$24 billion across thirteen funds, partnered with companies across more than 350 investments, has helped guide CEOs through more than 150 IPOs and strategic acquisitions and has offices in New York, Menlo Park, and London.
Over time and market cycles, TCV’s principles of thematic investing, emphasis on quality and growth, and relentless focus on partnering with mission driven teams to scale emerging market leaders has remained steadfast.
Many people know about TCV’s Growth strategy. TCV’s Velocity strategy was created to focus on earlier-stage opportunities (Series A/B/C). Importantly, the Velocity strategy is able to leverage TCV’s platform and growth credentials, domain expertise, and established network of advisors and tech executives.
Representative Velocity investments include: Grow Therapy, Arize, Avalor, Upwind, Roofr.
WHAT WE SEEK:
We are looking for an Associate to join our Velocity Investment Team (New York or Bay Area).
As an Associate, you will play a critical role in all aspects of the investment process including origination, evaluation, and portfolio support. Our Associate Program runs for three years.
Our team is looking for a balance of hustle, high intellectual / analytical rigor, strong EQ and team orientation, independent thinking, and a true passion for technology and expansion-stage investing. We want someone who will thrive in a lean organization, operating in a fast-moving, entrepreneurial environment.
This is an opportunity to be an integral part of a newer strategy at a top platform, with the ability to shape focus and have tremendous impact. In combination with the level of impact, you will also benefit from TCV’s almost thirty years old brand and existing infrastructure (relationships, technology, marketing). This role can scale within the firm as our strategy grows.
WHAT YOU’LL DO (ROLE & RESPONSIBILITIES):
Investment Origination
● Identify promising companies via bottoms up and top down thematic methods
● Get in touch with and interact with CEOs and senior executives to build relationships, diligence their companies, assess their needs, and determine the potential for a TCV partnership
● Identify and track trends in relevant industry sectors to form investment theses and market landscapes
● Actively cultivate and maintain a robust network of peer investors who can aid in deal sourcing
Evaluation
● Evaluate investment opportunities and conduct due diligence, including, market/customer research, business analysis, financials/modeling, expert calls, memos, etc.
● Our investment teams are lean, so the Associate role runs a core part of our diligence process
Portfolio Support / Other
● General support of the firm's investment activities, including participation at management and board meetings, as well as monitoring and partnering on growth initiatives with portfolio companies
WHAT YOU BRING (EXPERIENCE & QUALIFICATIONS):
Experience:
● Prior investment experience at a venture capital, growth equity, or private equity firm is strongly preferred. A mix of consulting, investment banking, or startup experience is also welcome. We are looking for 2-4 years total work experience
● Comfort with and experience in outbound investment origination, and ability to build rapport with CEOs
● Diligence experience: Demonstrated proficiency in financial modeling, market research, analysis, and memo writing
Characteristics
● Passion for and intellectual curiosity about tech and investing - fluent on current trends in new and emerging tech sectors with a viewpoint on the future of relevant markets
● Open-mindedness and desire to grow and learn constantly
● Open, collaborative, transparent communication style
● Hunger and tenacity; relentlessness in working through obstacles to achieve extraordinary results, habit of taking initiative to make things happen
● Self-motivated and successful in a role with significant autonomy and independence
● We hustle to drive the best results and strive to win as a team. Our team works together to help each other identify the best opportunities and we work in a flat and collaborative environment
Competencies:
● Strong understanding of business fundamentals; ability to identify key questions about a potential investment and gain understanding of products, competitive differentiation, category creation, revenue opportunities, growth stages, management teams, etc.
● Critical thinking: ability to synthesize information into compelling narratives and to discuss pros and cons with intellectual honesty and humility
● Strong technical skills and modeling ability; capability to conduct thorough and accurate analyses with with speed and use data to pressure test hypotheses
COMPENSATION AND BENEFITS:
TCV offers a positive, team-oriented culture and a competitive compensation package. The salary range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. A reasonable estimate of the current salary range is $150,000-165,000. A discretionary annual performance bonus is subject to the rules governing the program, whereby an award, if any, depends on various factors, including individual and firm performance.
TCV also offers generous benefits to support employees, paying 100% of the premiums on group health, dental, vision, long-term disability, AD&D and life insurance coverages. In addition, TCV offers its employees the opportunity to invest in a 401(k) plan and receive an annual profit-sharing contribution.
TO APPLY: Please send to Recruiting@tcv.com:
● Your resume (please title your resume as "First Name - Last Name - Resume")
● Specify your location preference (New York or Bay Area); mention if you are open to both locations
● Write to us about two companies you would be excited to invest in as part of the Velocity strategy (next raise would be Series A/B/C). Your combined write-up should be no longer than one page and include 1.) your investment thesis on the company – why you’re excited and believe it will become an important company and great investment – as well as 2.) key questions and concerns you might have. Please attach a file in Word or PDF (please title your company ideas file as "First Name - Last Name - Ideas")
For details on how TCV treats your personal information, please refer to our privacy policy at https://www.tcv.com/privacy-policy.
