Palm Venture Studios is seeking motivated individuals with a passion for startups to join our Venture Fellows Program for the Fall 2024. In this role, you’ll engage daily with founders and startup teams in support of our mission to rescue and build companies that positively impact human and planetary health.
As a Venture Fellow, you’ll learn how to identify compelling early stage investment opportunities and perform financial and business due diligence. You’ll experience rapid learning cycles across a wide range of industries, and see up close and personal how venture deals are structured. You’ll also be given the task of performing experiments with generative AI and building new automations as part of our sourcing engine.
Venture Fellows will work directly with our Director and Senior Associate who oversee origination, and will be mentored by a Managing Partner(s). This role is a paid contract position requiring a full-time commitment of 40 hours per week.
Responsibilities
- Source new deal opportunities through various outreach campaigns including email, LinkedIn, phone and in-person events
- Screen and perform due diligence on deal leads to qualify promising deal opportunities
- Write investment memos and perform financial and business analyses
- Generate targeting lists of new investment targets, venture funds, venture debt providers, lawyers and other early stage stakeholders
- Implement process improvements to our sourcing engine via generative AI, agents, automations, templates, etc.
- Represent Palm Venture Studios at local startup events (1 external event / wk) and co-host activations in our studios to further our deal origination efforts (1 hosted event / month)
Requirements
- Must be located in Austin, TX, the greater Austin area, or willing to relocate to Austin.
- Ability to engage directly with startup founders, executives and board members
- Experience analyzing financial statements, business plans and pitch decks
- Skillful at critical thinking and asking good questions
- Preference will be given to recent MBA graduates and candidates with sales and/or business development experience.
Benefits
- Compensation will include a $4K monthly stipend + cash bonus for closed deals that you originated
